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And even a story stock can perform very well during the speculation phase IF MGMT knows how to tell their story to the right people.
To offer a comparable example to what could happen if LWLG ditched LPC without even having an alternative lined up... One of my other stocks just rid itself of a financing arraignment very similar to LPC, held with a company called LIND Partners. Lind took discounted stock and resold it, just like Lincoln Park does for Lightwave.
Despite being severely diluted compared to LWLG (3x more outstanding shares) and being 3 million dollars in the hole with hardly any cash, (meaning they really need money) the stock lifted approximately 70% over a period of a few weeks and has settled around 50% higher than it was trading.
Investors don't even realize the damage LPC does to LWLG because we have had them laying over the stock like a wet blanket for 8 years.
LWLG would probably perform even better under the same conditions, but, unfortunately, the main difference between the two stocks is that one management team understood their financing partner was damaging the company and the other has Jim Marcelli saying it's the best thing going...
In many ways yes, in many ways no. There is too much slack-action between the different segments of the company. Lebby looks like a one or two-dimensional leader at .63 cents. Same share price as 3 and 4 years ago.
Actually, could he post the link every few days for the next two years to educate all our non-existent new shareholders? Thanks in advance...
I sent Karen an email last week and I got two ultra quick responses. She doesn't have any reason to treat me special. My impression is that the psychology of the low share price is at work making people interpret answers with a more negative twist.
It was clarified to me that someone asked specific questions the company could not answer but discussing testing hasn't been stopped by management. I was told nothing has occured since the SHM that changes what Lightwave does and does not discuss with investors
When he took over as CEO there was this sort of 18 month-long grace period when really the hammer should have fallen from day one that we want him to improve our funding methods in addition to technical development. I blame shareholders for being too passive. 40% of the LWLG shareholders are total limp wrists. 20% are hardcore aggressive and seem unreasonable (even though they have reasonable wants). 20% know LPC sucks but are too busy to push for change. And the final 20% have waited so long they just gave up on expecting anything and are just hoping this investment works out.
Financing has probably only recently started to look like a common concern among investors from Lebby's point of view.
Is that last shareholder update we got a big LPC wang slap in the face from MGMT about how great the funding is. It's one thing if they know we need something better and trying to get away from LPC, it's a whole other level of disconnected when they send a message like that in 2019.
At the time he had plans to see them face to face but I still thought that was odd. I mean, hasn't the BOD conversed with LPC before? I know Lebby had a lot of work to do in the lab so that was probably #1 priority vs flying to Chicago to meet some slippery group for lunch.
Marcelli is the reason we still have LPC, he is their biggest proponent. I really question his reasons when even using a simple stock shelf would considerably reduce our dilution. And NASDAQ will allow companies using a shelf to uplist. I know that even 6 months after becoming CEO Lebby had not met with LPC's people. I think Jim and LPC are too friendly. I would love to know what LPCs buy and sell average prices are.
Certainly still can with shares outstanding where they are. 8-15 for 1 is insane. Even if they wanted to uplist in their current state. I wish both MGMT and all key investors would recognize the importance of getting off of LPCs dilutive teat and be aggressive about expecting positive change.
That they have.
Very good point.
What did you want to invest in? C word?
If they update now, they hobble their end of year letter that's due in 6 weeks.
Also, we know that Jim only sells shares to LPC when the stock is ultra low it's probably that time.
I was just saying on here or hotcopper a few weeks ago that a looming placement was my main concern at the moment. I might rebuy what I sold in the upper 8s-9s but I would like to see the overall market get whacked first. Even buying here seems like a 50/50 play in the short term. I'm still thinking a $13-15 buyout could just pop up unexpectedly so I have enough skin the game to feel good about that outcome.
Your link doesn't work.
It's hard for CEOs to sell shares without upsetting investors, but he did so and reduced dilution while getting to cash in some chips. Also suggests he felt it was a very good price, which it was. The stock hasn't dropped below our raise price so it has behaved well.
Yea really, or even .80. The Rare Earth bubble created many failures, Molycorp being one of the largest. The guy has an interesting theory about China engineering the bubble to disrupt rare earth investment going forward.
China intended to burn U.S. and western investors in a financial swindle – ultimately ending in bankruptcy. The result would be that our capital markets would dry up for future rare earth projects. I told this person that "China intended to poison the well for all future non-Chinese investments into rare earths."
Sold my repurchased shares last week for about a 14% gain. I'm not as interested in these coffee trades after learning futures are not as depressed as I thought. Sure they were once $3usd but that is largely in part because the Brazilian Real used to be more than twice as strong. Buying coffee futures is an interesting way to play the Real currency in a somewhat short term with less downside if you believe it will strengthen.
We had shares back when it seemed like a bad idea and Avita had the money-raising ability of a clean homeless man. lol.
Surprising to see it weakening ahead of such an exciting period in company history.
If you were here 6 years ago, some would tell you that Lincoln Park is an institutional investor.
No institutional investor will buy this stock here. But if Lightwave begins to have success and sales, they will buy it up after it is already up 600%.
That seems to go against common sense. I'm saying that working on multiple data requests means it will take longer than just finishing this one 5k test to have all data in hand that is wanted. The company has already verified it is not a straight-through test on hours, the pauses etc could be impacted by the other data collection work being done. Who knows how late into the year other requests have been made by companies.
The emphasis from Siraj's statement in May was that this process will take time and various configurations will need to be tested. I'm sure there is a chance you're right, that our small lab won't be hindered by having to create multiple arrangements and fulfill different company requests.
Basically all of 2019 is dedicated to collecting data and we are waiting to hear something.
You have to buckle up for rollercoaster rides too though.
Correct, which means it will take more time. I think Proto's expectations on data turn around time have been too optimistic.
If you listen again, Siraj says that the material has to be perfected in a device to start testing. So 6 months + 5000 hours of testing...
I re-listened to part of the SHM discussing the 2k/5k. Siraj says the 5k testing takes the better part of a year to complete. So where does that put us? Probably without results yet.
Was anyone at the SHM when Siraj blurted out about the 5k testing? On the audio I recall Lebby doesn't elaborate. Now I'm curious if there were any gestures between the two of them.
I made the same comment about the NDA to Walter yesterday. I believe the testing requests are covered by NDA and someone ultra savvy could draw conclusions about what companies would request X testing.
Tom knew it was time to get out of the way.
We've suffered some delays due to JM bothering the lab staff with building a time machine from schematics he found on 4Chan.
They do exist. My last spec stock that did really well in terms of success/returns, investors voted out their BOD Chairman several years before they uplisted to NASDAQ. It was a total upset and made the company take their investors more seriously.
Well, I suppose if you're on this message board you are already somewhat aware of LWLG. I would prefer Lebby use that big brain of his to figure out how to find some new investors who are a bit more sophisticated than iHub otc cruisers.
I don't either. The point is the stock isn't down because Lightwave has some fundamental flaw, it is from lack of awareness and effort to create awareness..
Who would be buying? Lightwave, aside from Lebby speaking to his science-minded peers at ECOC, has no visibility. New investors probably come across this stock with the same odds one comes across a tumbleweed in the desert.
Jim/Tom are relying on the same groups of exhausted retail investors who have been buying the resold LPC shares for years. We lack proper support and as far as I can tell, an understanding of the importance of support by both MGMT and half the investors.
Lebby with 60 seconds on Bloomberg or Fox Business news would send this stock flying. The story is good. The technology, promising.
Stock could be trading over $3 if they made some changes.
Many investors wish those two were old news...
As investors, we have a certain mindset and assume money is or should be the primary motivation for almost everything. Not true for Lebby and the more sciencey types who are progress focused. From my conversations with Lebby, he could not be less interested in stocks or the almighty dollar. Some consider themselves above that kind of thinking and ironically, this is what leads them to wealth.
LWLG and transparency have never gone together for any length of time. I saw your other reply. Chips are both in our lab and on others' shoulders (not directed at you).
Lebby has invested his reputation into LWLG and if/when the company is acquired he will get additional compensation.
Does anyone remember at consecutive shareholder meetings, Jim Marcelli convincing investors he was working on creating a better way for insiders to buy? I think that created the expectation of insider buying that still lingers to this day.
Tom and Jim are overloaded with free stock/options. I don't ever expect to see them buy.
The BOD, I always thought Miller or Leonberger might buy. Doesn't Buchi own a ton of shares on his own?
Yea, me too. And that he made a good impression on someone at an SHM.