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LWLG has officially become my largest investment.
And we’re only getting started!
Good for you, futr!
It’s only my second-largest holding, alas - but a few more days like this and it will be my largest as well!
Congrats to all longs - a great week (so far)! There will be bumps along the way - be ready for them. Feints to try to take your shares - I know you won’t let them. Be *very* careful with stop-loss orders. I’ve seen orchestrated flash-crashes that stole from people using them.
A long way to go. But it looks like we’ve finally, really begun!
~ yanqui
You can start counting the days to NASDAQ! 90 days > $2.00 is worst case scenario. I personally think we’ll pass $4.00 before then.
That term “Tier 1” is used here a lot. For those who could use a quick explanation of what a “Tier 1” actually is, I offer this:
https://smallbusiness.chron.com/difference-between-tier-1-tier-2-companies-25430.html
1 million shares by noon. Awesome.
Of course that’s all pump. This company has no product. No sales. No production facilities. A shell corporate office. No employees or directors. No communication with shareholders. You can speculate on a comeback. Could happen. But don’t pretend there is presently an investment case for this stock.
They are very much still needed - perhaps more now than ever. When you are negotiating agreements and partnerships, you have to do that from a position of strength. If you need cash, you’ll be robbed blind.
Trust Lebby- he knows what he is doing.
~ yanqui
Not on TD Ameritrade
Picked up another $5,000 shares. Powerful presentation. Commercialization is still a ways off - but our positioning speaks of literally scary potential. This is no longer a dream, people.
Thank you, Meghan.
$1.56
Point taken.
Gotcha.
I don’t want to spam the board with repeated posts on this, but I can’t wrap my mind around your calculation, Mike. 10 billion revenue at 45% margin as indeed 4.5 billion in earnings - but you then need to divide that by 100 million to get per share earnings ($45/share) and then multiply by a PE ($45 x 25 = $1,125) - close to your number but not sure how you got there. Higher if you assume larger profit margins.
Any way you look at this, the potential is rather stunning.
~ yanqui
The context of the numbers were about market revenue - not earnings. A revenue multiple of 4 or 5 would be reasonable. So - revenue of $10B divided by 100 million shares is $100/share of revenue, which could translate to $4-500/share.
Another way to look at this is that we are expecting 45-55% margins. That takes us to $50/share earnings - which, at 25x per share brings us to $1250/share. You can immediately see the power that earnings bring to valuation.
~ yanqui
With all due respect, Mike - I think you misread the post. If they don’t want to disclose info, the prepared video is the way to control that. No disagreements on that.
~ yanqui
If major news was upcoming, they’d want a Q&A session. They would want the exposure and, honestly, it would be their time to bask in their accomplishments.
ASMs are rarely vehicles for the release of major, new information. The lack of a scheduled Q&A just reinforces that imo.
~yanqui
This looks like they aren’t planning on taking shareholder questions by limiting the meeting to voting matters and then presenting a video update on the state of the business.
<<
The last thing you want to do is enter negotiations on a deal when you are worrying about the payroll
>>
True dat.
What do you make of this? Site purports to compare revenues of Intel to suppliers. In the Software Services group, LWLG is listed - with of course no revenue growth. Referencing Q3 data so at least a year old. What is this telling us? Acknowledging us as an intc competitor? Supplier?
https://csimarket.com/stocks/competitionSEG3.php?supply&code=INTC
~yanqui
Indeed it does. It also suggests total market of only $1.1 billion - by 2026.
Read below to see what’s moving the overall photonics market these days:
Shares of Lumentum Holdings Inc. sank 6.5% toward a seven-month low in premarket trading Wednesday, after the optical and photonic products company reported a fiscal third-quarter profit that matched expectations but revenue that missed, citing deployment delays in China, and provided a downbeat outlook. Net income jumped to $225.5 million, or $2.85 a share, from $43.4 million, or 56 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to $1.40 from $1.26, matching the FactSet consensus of $1.40. Revenue increased 4.1% to $419.5 million, below the FactSet consensus of $433.4 million. "Out of an abundance of caution, we deferred $14.8 million of revenue due to delays in 5G deployments in China, which decreased our reported revenue accordingly," said Chief Executive Alan Lowe. For the fourth quarter, the company expects adjusted EPS of 92 cents to $1.14 and revenue of $360 million to $400 million, both below the FactSet consensus for EPS of $1.25 and for revenue of $410 million. Lumentum's stock has dropped 12.6% over the past three months through Tuesday, while the S&P 500 has gained 5.5%.
So - we’re all aware, I’m sure, of the global chip shortage that is impacting all the major foundries. I’ve read that EV makers, for instance, are being told that they may have to wait until 2023 to have their needs met. The rule of thumb that I’ve read is ‘the smaller you are, the longer you’ll have to wait for supply’.
How much do you think that impacts our commercial strategy and proto’s ‘deal time’?
~yanqui
Acquisitions Drive Year-Over-Year Growth
5/7/21, 7:38 AM
Net Income Per Share Increased 267% - Core FFO Per Share Increased 142%
Old Bethpage – New York, May 07, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE - AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), Power REIT with a focused “Triple Bottom Line” strategy and a commitment to profit, planet, and people, today announced that it is providing an update that includes highlights of the Trust’s financial and operating results for the three months ended March 31, 2021.
1Q-2021 HIGHLIGHTS
Three Months Ended March 31,
2021 2020
Revenue $ 1,820,927 $ 787,388
Net Income Attributable to Common Shareholders $ 944,918 $ 182,029
Net Income per Common Share (diluted) 0.33 0.09
Core FFO Available to Common Shareholders $ 1,274,939 $ 351,650
Core FFO per Common Share 0.46 0.19
Growth Rates:
Revenue 131 %
Net Income Attributable to Common Shareholders 419 %
Net Income per Common Share (diluted) 267 %
Core FFO Available to Common Shareholders 263 %
Core FFO per Common Share 142 %
*See Net Income to Core FFO Reconciliation at the end of this release.
? Raised over $36.6 million in an investor friendly Rights Offering that was launched at the end of December 2020 and closed in February 2021.
? Acquired 5 CEA facilities in Colorado and California totaling approximately 110,000 square feet of greenhouse and cultivation/processing space.
? Entered into 3 new triple-net leases, one lease amendment and was assigned an existing lease with state-licensed cannabis operator.
Commenting on the results and Q1-2021 achievements, David Lesser, Chief Executive Officer stated, “Power REIT made significant progress during the quarter by completing a Rights Offering that allowed existing investors to participate at an attractive stage of our growth trajectory. Existing investors were offered the right to purchase additional shares at $26.50. With the common stock trading at $43.98, these investors have generated gains exceeding 66% within a few months. As we deploy the capital raised in additional accretive acquisitions, we also continue to explore non-dilutive capital sources to fund our growth in an effort to create ongoing shareholder value.”
Mr. Lesser continued, “The updated business plan that Power REIT put into motion in the second half of 2019 is driving substantial growth. This is reflected in our first quarter 2021 Core FFO per common share of $0.46, which increased 142% year over year. Our dynamic growth is a function of the attractive yields Power REIT can achieve with its strategic CEA investments coupled with our relatively small size which amplifies the impact of these transactions. With the current stock price at $43.98 and a forward Core FFO run rate of $3.18 per share, Power REIT trades at a 13.8x multiple. We believe our potential growth rate driven by acquisitions combined with a relatively low forward Core FFO multiple provides a compelling value proposition for investors. We have an active pipeline of acquisitions and hope to announce additional activity in the near future.”
FORWARD CORE FFO PER SHARE
Power REIT has now deployed approximately $10 million of the capital raised in its recently closed Rights Offering across several transactions. This leaves approximately $26.5 million to deploy. Power REIT’s current run-rate of Core FFO based solely on transactions closed and not taking into account deployment of additional capital is approximately $6.6 million as described in our most recently published Investor Presentation which is available at: www.pwreit.com/investors
Reflecting on the impact of Power REIT’s recent Rights Offering and assuming the full deployment of its remaining proceeds into additional acquisitions at an average 16% yield to common equity, the Trust estimates a forward Core FFO per share run rate of $3.18. However, it is important to understand that near-term quarterly results could be below this run-rate due to uncertainty of transaction timing and dilution from the additional shares issued pursuant to the Rights Offering that generated the available cash on Power REIT’s balance sheet for investment.
The following table provides a roadmap and sensitivity analysis for forward Core FFO per share:
Common Shares Outstanding (Pre Rights Offering) 1,916,139
Shares Sold in Rights Offering 1,383,394
Total Shares Outstanding (Post Rights Offering) 3,299,533
Rights Offering Price $ 26.50
Rights Offering Capital Raise – Gross $ 36,659,941
Proceeds Net of Costs (est.) 0.25 % $ 36,568,291
Announced Transactions Using Proceeds from Rights Offering:
Apotheke 1,813,398
Canndescent 2,685,000
Grail Project Expansion 517,663
Gas Station 2,118,717
Cloud Nine 2,947,905
Total 10,082,683
Remaining Rights Offering Proceeds for Investment $ 26,485,608
Unleveraged FFO Yield on Investments (Net) 14.0 % 16.0 % 18.0 %
Annualized Run Rate Core FFO Guidance (existing portfolio) $ 6,558,874 $ 6,558,874 $ 6,558,874
Incremental FFO from Acquisitions with remaining RO Proceeds 3,707,985 4,237,697 4,767,409
Incremental G&A to expand Power REIT team (300,000 ) (300,000 )
We could be. Or we could not be. No way to tell. But I’m confident that Lebby is moving forward with those things that can be moved forward. Unfortunately, we can’t know what that is.
Certainly trending that way today!
I’m wondering if this might be impacting more than just this stock that we mutually follow, Steve ... ?
This makes good sense. Thanks, Steven.
I don’t think ibm was talking about our goo. They’ve been working with photonic polymers for years. See, e.g. https://www.zurich.ibm.com/st/photonics/
Probably fears of the Safe Banking Act getting passed and interfering with the business model here. At least one possibility.
To a large extent, the “tell” is already out. Why is Lebby writing roadmaps? Do marginal/inconsequential players get to do that?
I have averaged *up* and still I am up 70% overall. Your problems aren’t all with the company, my friend.
Today was telling. We retained a significant gain on an overall down day for the market. We did that on decent volume - all the more impressive.
If we see follow-thru tomorrow, it could suggest a slow wake-up call being answered by investors - but until we get off our present exchange, it will be difficult to attract serious money.
Questions remain as well:
1. How much of a competition are our competitor(s)?
2. How much more work (e.g. comments by Jim T) before we are truly market-ready?
3. How long before we are market-relevant (400G+ is still 4-5 years out, I’ve read)
4. How does our expected revenue stream and how quickly does it ramp up.
I think the above questions will keep our SP increases modest in the near-term. I won’t read into any trading a ‘buy-in’ by the powers that be until our volume is at least 3x what we saw today.
That said, and with all due caution to the market the humbles all...
“Wooo..hoooo!! I do believe we’re gonna be rich, my friends!!!”
~ yanqui
Useful insights. Thx proto.
I sent you this link earlier but here you go;
Barium titanate can be synthesized by the relatively simple sol–hydrothermal method.[5] Barium titanate can also be manufactured by heating barium carbonate and titanium dioxide. The reaction proceeds via liquid phase sintering. Single crystals can be grown at around 1100 °C from molten potassium fluoride.[6] Other materials are often added as dopants, e.g., Sr to form solid solutions with strontium titanate. It reacts with nitrogen trichloride and produces a greenish or gray mixture; the ferroelectric properties of the mixture are still present in this form.
Much effort has been spent studying the relationship between particle morphology and its properties. Barium titanate is one of the few ceramic compounds known to exhibit abnormal grain growth, in which large faceted grains grow in a matrix of finer grains, with profound implications on densification and physical properties.[7] Fully dense nanocrystalline barium titanate has 40% higher permittivity than the same material prepared in classic ways.[8] The addition of inclusions of barium titanate to tin has been shown to produce a bulk material with a higher viscoelastic stiffness than that of diamonds. Barium titanate goes through two phase transitions that change the crystal shape and volume. This phase change leads to composites where the barium titanates have a negative bulk modulus (Young's modulus), meaning that when a force acts on the inclusions, there is displacement in the opposite direction, further stiffening the composite.[9]
Like many oxides, barium titanate is insoluble in water but attacked by sulfuric acid. Its bulk room-temperature bandgap is 3.2 eV, but this increases to ~3.5 eV when the particle size is reduced from about 15 to 7 nm.[1]
So - my takeaways from today’s EPIC discussions and some subsequent DD:
1. We have a major competitor - Lumiphase Corp
Their material is very fast
Their material lowers energy needs (no exact comparison available to LWLG in this regard)
Their material is able to withstand extremely high heat and is incredibly strong (diamond-like hardness)
Their product is scalable, can be produced in high-volume and is compatible with the existing silicon-based ecosystem
They have a world-class leader (ex-CEO for IBM) with all necessary connections to possible partners
They are new on the scene but have been working on this issue (with IBM before spinoff) since 2012
They appear to have some nascent partnerships at least being explored
They are private, so you can’t invest to hedge your bets
2. According the HG Genuine, none of the 400G+ options are ready for prime-time (all have remaining major issues to resolve)
3. I can’t remember why, but my feeling that we aren’t working with Rockley got stronger today (I think we heard of them working with other competitors?)
4. This is one of the first conferences where I’ve seen our name and our logo so often and so centrally referenced in the discussion.
5. Even for a man obviously comfortable with superlatives, Jose launched extraordinary words of support for LWLG
6. I think we have the pole position. But based on Jim T’s comments, the sales cycle may begin later than we’d hoped and there is time to be passed by others if we are not fleet of foot.
Other’s thoughts and evaluations of today?
~ yanqui
This is impressive stuff. Already taking about using it in EV’s. I wouldn’t take this competition lightly. https://en.wikipedia.org/wiki/Barium_titanate