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Insiders seem to be ponying up money for these PP's so not all bad. IP licensing deal obviously preferable
Chsmoke should do one of 2 things....
1) Buy more stock to lower his avg price. Timing is the issue here and not success IMHO
2) Sell his stock and quit whining on a public message board filled with individuals with ulterior motives
With this patent and Lebby's recent comments it sure seems that LWLG is pretty confident about getting to a driver-less modulator
Your health will improve when you put these "supposed shareholders" on ignore
Why wouldn't Lebby simply come up with a new Investor Presentation with any new technical info and file it with the SEC. Pretty simple update to me
Columbus OHIO. Our Head Pro and GM sent email out yesterday morning saying were shutting down and anyone caught playing subject to misdemeanor. They sent out new email last night reversing 100%
How many posts have you made over the last week???
We get it already, let it go!!!! Risky, BB stock, no cash, bad financing, crappy stock price, lots of risk. Go walk your dog or better yet go play golf. My GM just sent out a letter to our members telling us our club will remain open, with limitations of course. Stay safe everyone
When are Earnings going to be announced??
My responses arise from 1 belief
It is of my opinion ANYONE who constantly berates a company on a public messsage board they are SUPPOSED investors in are 1 of 2 people...
1) Paid to be there by the powers that employ them
2) Morons because why would you encourage someone to depress a stock you own by selling
If you are irritated by how long it takes or will take LWLG to be accepted by the industry i would suggest either sell your stock or turn off your computer. Nothing said here will have an influence. I come here because i tend to learn more from some knowledgeable posters about a very technical field.
Stay safe everyone!!!
LWLG could learn a little from POET re: investor relations. Nice paragraph about conducting virtual meetings to re-assure investors that they are working
Then sell your stock and move on
Then sell your stock and move on
Who didn't see this coming
The dramatic increase in Debbie Downer, Mother Theresa, and Super trader posts with the stock breaking through a 52 week low. Seems to be part of the playbook on stock message boards. Stay safe everyone and wash your hands and quit touching your face!!!!
By my math using a $.70 avg price the company sold almost 3MM shares from 1/1/20 through 03/16/20. Generating pretty close to $2MM over 2 1/2 months. I would assume they added to their cash balance today as compared to 01/01/20
Here's the full sentence from the 10-k. Please interpret any way you wish.
"We are not currently a party to or engaged in any material legal proceedings and we are not aware of any litigation or threatened litigation of a material nature. However, we may be subject to various claims and legal actions arising in the ordinary course of business from time to time."
Been watching Level 2 religiously for 4 months and everyday someone has made it their job to whack every bid imaginable and I'm speculating it's not only LPC selling. Considering LWLG "Peter and the Wolf" history one can guess a large shareholder got tired of waiting??? LPC only needs to sell 45-50k per day to fund LWLG and the average trading volume over the last 4 months has been over 125k. Just what I'm seeing and I'm still buying
Don't think it happens here. Hedge Fund/WS market maker Lobby way too strong
IMHO They're going to cancel. Nobody trusts the Chinese Gov't to tell the whole truth. They're probably going to cancel the Olympics in Japan too
There is a dis-connect between US and TSX market
53k shares just ticked off at US $.0093. Conversion to Canadian $ gets you somewhere around $1.23. Not seeing those prices yet on TSX. Tells me not to route to TSX and buy on US exchange using SPVNF
such a small $$ figure... non-event
SEV.TO is the Canadian symbol. TSX.COM is where you can get quotes. Remember the Canadian $ is running about $.75 converting to US$
I'd personally add .0005 a cent to every order when calculating your buy prices. For ex... quoted at $.02 on tsx = $.015 US. I put in order week and half ago for 100k at $.0155 and filled. I didn't route it to tsx and used SPVNF US tracking symbol
Don't have time and sales for Canadian exchange so it's difficult to ascertain bid/ask but the chart at TSX.com usually helps figure it out. Appears to me to trade in $.005 spreads ($.015-$.02)
There is a nice buyer in the stock today so he has to do his job
I don't have any type of exit strategy or expectations as of now. Their 4th Qtr report will answer most of my questions. Based on CEO's comment of $1-$3MM per design win you can start dreaming but those numbers still have to be realized.
Micro-Caps beholden to WS financiers typically don't perform well so the break-even number where this company no longer needs cash is important to me. I'd like to hear if anyone disagrees with my break-even $6-$7MM Qtr revenue at 60% margins. I'm assuming their SG&A will slightly increase with added revenues but not that much % wise
Part 2
The reason I'm interested in learning more about the potential "monopoly" position is i have a good golfing buddy that works at a company that manages the building of these Tier 1 datacenters and he shared 2 pieces of info...
1) You wouldn't believe the amount of cabling required to make these behemoths run
2) All of the Tier 1 owners are extremely ruthless when it comes to the component suppliers margins. They'll ask for every last % margin before paying a penny
A "monopoly" position should help Spectra maintain their margins, hence my curiosity re: this subject. 60% margins should lead to a $6MM-$7MM quarterly breakeven (rough math and not entirely accurate but you get my point)
I'll believe the CEO's statement of $1-$3MM per datacenter revenue when i see it and 4th Qtr should give us enough information to answer some of my questions considering the number of design wins the company is claiming
Here's my take on History and Future of Spectra
Seems like it took a lot longer than anticipated to get the DataCenter ACC validated and accepted by the Tier 1's.
Company bleeds too much cash and makes a deal with the devil for convertible bond deal. I'm no expert but most of those deals i've seen in the past for micro-caps look and sound like death spiral financing. Hence the fall off the cliff move from $.30 to $.01 (US$$)
I can't ignore the market opportunity, the company's competitive position for their product (IP backed) and the agreements with numerous Tier 1 companies. Freakin' Tencent appears to love their tech and that alone is enough to get me excited let alone the 3-4 other Tier 1 agreements they've inked
Some here have claimed a quasi "monopoly" position for Spectra and i woul d love to read more how you came to that conclusion.
IP backed debt deal sure seems like it would need to be at least $15-$20MM...$8MM to pay off existing lender and $7-$12MM to cover anticipated losses on the their hopeful ramp to profitability. All JMHO
Robert
Thx for the clarifying email answers. I see this will be new debt financing for the IP, non-dilutive but putting up all IP as collateral. Debt lenders suck!!!! Shouldn't be a problem as long as company executes. Pretty simple story going forward.... ramp up revenues with all of these Tier 1 agreements or don't
Anyone have an idea as to when they report next?? Should be sometime in FEB
Steve,
You don't have to answer this if you don't want but i was curious if you had a guestimate of the amount of shares held by your Belgium brothers. I find it curious that such a large % investment in LWLG resides in Belgium
Walter seems like a good dude, i trust his number. 60% operating margins requires almost $6MM Qtr revenue run rate (with no increased SG&A expenses) to break even. They would have to ramp fairly fast (which they appear capable of doing)
Skipping interest payment on convertible tells me they're paying that off. I'm guessing they'll need another $10MM on top of that. I'm trying to see how they can avoid diluting because i'm doubting they can raise enough $$ based on the value of their IP. Granted, it's not like I took a second to look at their IP, just sceptical.
It also looks like their current revenue comes from their AR/VR chips ($2-$2.5MM yr) ??????
I'm interested to see parameters of ABL deal also. Thx for that email snapshot. Never seen a financing tied to IP that wasn't lawsuit related (VHC, NLST) so this intrigues me
Canadian $ conversion rate to US$ is $.75. Looks like a bid-ask spread normally $.015-$.02. I'm assuming it's nearly impossible to get filled on the bid on the TSX exchange???
Thx Proto. Unlike LWLG this appears to be a quarterly report story. They're already in the game, just have to prove it with ever increasing revenues. Any analysts cover the company????
These financiers are going to take their pound of flesh. Looks like the company burns around $10MM/yr. Also looks like 2020 is where the revenue starts ramping. Should they still be able to maintain 60% operating margins??? I see they didn't pay their convertible interest payment so technically in default, but new financing should take care of that. Looks like $5.5-$6MM quarterly revs should get them close to break even. Those Tier 1 agreements should see a healthy rise in revenues in 2020. Any guesses as to what to expect in 2020 for revenues??? Pretty cool story and thx for bringing it to my attention
Gentelemen,
Do you have an accurate share count for the company. Any warrants or convertible debt outstanding?????
Is Mr Enami affiliated with LWLG????
XSXS
Avg Volume over the last 3 months is 132k per day. I contend we have new people voting with their pocket-books and they're paying attention to the progress at LWLG. Knowing that time is on their side (it alwasy takes longer than we think) the proper way to move into a sizable position in a micro-cap such as LWLG is to minimize market impact by slowly stepping into your position over time
NOBODY was a "Kate Jackson guy"!!!!!!
I took Pit off ignore to see a post one of his chronies commented on and i realized again why i put him on ignore.... He says the same crap over and over again!!!!
Proto,
Do you know how many shares LPC held at the end of the 3rd Qtr??? The S-1 the company just filed showed some 8.6MM shares being offered by LPC, which is obviously over 5% of the total OS
Your theory is a very pollyannish view of of the US Stock Market in 2020. Please do a little homework on the mechanism of action financiers like LPC and the inevitable leach Hedge Funds attached at their hip use to "finance" startups like LWLG.
Hopefully some Tier 1 puts a ring on our finger and we can get away from these MFers. Until then, Hurry Up and Wait!!!!!
Pumpykins seems to like showing up during Heavy Volume days or News days. It seems rather convenient to me
LIDAR
Analyst for Tesla was on CNBC yesterday and was talking about the race for dominance of the Self Driving Car industry and to my surprise she claimed Tesla is leading. Her thesis was who collects the most data wins and Tesla, with 700k cars that are collecting data better than any manufacturer out there, is winning the race. Nice to see LWLG mentioned with TSLA