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Yes, Vein, still a shareholder. In fact, I recently bought a quite a few more when the price dipped into the $4 range. I'm still optimistic we will hear substantive news at or prior to this year's ASM.
I'll either be very happy or an unhappy bagholder.
PG
Here's how the shorts make it all legal. Disgusting.
How Wall Street Creates Counterfeit Shares
Wow. This board has degraded a LOT!
First off, I want to pass along my sincere thanks for all the prayers and well-wishes re my lymphoma diagnosis. Things are progressing well, albeit a little less hair. The mass is receding along with my hairline! ;)
FWIW, I remain very optimistic about LWLG. Nothing I have seen diminishes my interest or enthusiasm for the achievements Michael and the team have accomplished this past year. The shorters are obviously pulling out all the stops in hopes of knocking a few insecure longs out of the saddle. I just bought a bunch more shares today. I continue to add to a very substantial position I have accumulated.
Best wishes to all who are long and holding strong. I am absolutely convinced that you will be rewarded in the not too distant future.
Merry Christmas!
PG
I agree with all the points Tle brings out here. Great post.
This is a very good strategic move by ML. There was too much dependence on InP lasers previously.
I’m still long and strong, but dealing with a lymphoma diagnosis, which has been a major distraction.
PG
Canada's IIROC bans Naked Short Selling
Come on U.S. Securities and Exchange Commission! It's time to rein in Naked Short Selling. It's ruining the markets and damaging very qualified start-up companies. Canada has the balls to do something about it, how about you?
Guidance on Participant Obligations to have Reasonable Expectation to Settle any Trade Resulting from the Entry of a Short Sale Order
PG
From Investopedia re Uptick Rule
The Alternative Uptick Rule
"The 2010 alternative uptick rule (Rule 201) allows investors to exit long positions before short selling occurs. The rule is triggered when a stock price falls at least 10% in one day. At that point, short selling is permitted if the price is above the current best bid.
The rule's "duration of price test restriction" applies the rule for the remainder of the trading day and the following day. It generally applies to all equity securities listed on a national securities exchange, whether traded via the exchange or over the counter."
There are exceptions, but they only apply to futures, not equities.
What we’re seeing today seems to be a violation of the rule.
Great post F2! It echoes the sentiments of so many good people on this board, but you say it very eloquently.
PG
Shorts can't be enjoying this too much! Maybe someone with excellent writing skills can continue to get the word out about the LWLG short-squeeze opportunity on reddit at: r/ShortSqueeze and r/WallStreetbetsELITE. I would but KCC and TheRoc get a heck of a lot more bounce out of their posts than I do! ;)
Referencing LWLG on the Bezinga most short-squeeze susceptible would be a good add to any post on the topic.
Theroc. Your post on reddit is awesome! Thanks for doing that.
Seriously Folks. If you are long LWLG, follow theroc’s reddit link and the one I posted earlier and comment (or - at minimum - upvote) on the posts. It’s very important to do so as it moves the post up and keeps it at the top of the subreddits.
500K reads is incredible. If only 0.1% of the people who view theroc’s post buy Lightwave, that’s 500 new shareholders…and that many more shares the shorts have to compete with to exit their positions.
Sounds like a good comment for the recent post on reddit.com/r/shortsqueeze
Let's roll...please comment and upvote.
LWLG - Ongoing Battle of Longs and Shorts (Longs are WINNING!)
X. Found it. You posted it as a comment to another thread here.
I recommend creating a new post under r/ShortSqueeze with the same information. If you want to elaborate a bit more about LWLG, that may be good also. Also consider using the same Flair ("New F'ing SqueezePlay") as KCC did in his recent post. Here's the link to KCC's post.
PG
X. Can you post the link here? I’m not seeing it.
X
Consider posting this info on Reddit.com/r/shortsqueeze
Time for a squeeze. Tired of the manipulation.
Lightwave Logic (LWLG) ripe for a squeeze
TD Ameritrade's policy of loaning shares
Check with your broker re the fine print on their policy of loaning out your shares. Here's a post I made back in February about TD Ameritrade's policy about hypothecation.
More info re TD Ameritrade's policy of loaning shares
Q1. What is TDA's policy regarding loaning shares from client accounts to short sellers?
TDA Response: Our policy regarding loaning shares from client accounts to short sellers (rehypothecation) is when a client holds a debit balance in a margin account, TD Ameritrade may lend the shares to other clients or broker dealers or we may also hypothecate the shares.
Q2. Is the client informed beforehand if TDA allows shares from a client account are loaned for short position?
TDA Response: We would not notify you if your shares are being loaned out, it is agreed upon in the margin agreement that if you are holding a margin debit, TD Ameritrade may loan your shares. If you are not borrowing/do not have a margin debit, we will not loan your shares even if you have a margin account.
Q3. Does account status (margin v. non-margin) have any bearing on whether the client is informed of shares being loaned?
TDA Response: Ultimately no notification is sent to clients when shares are being loaned. Only margin accounts can have shares loaned though, non-margin accounts will never have shares loaned.
Please remember...if you have a short position in any equity or option, your account has a margin debit balance. And any/all of your shares are up for grabs (rehypothecation). This applies to selling puts in lieu of a covered call option strategy too.
PG
I am going on record after reading through the KC article stating that the entire article is filled with lies, half-truths and innuendo, IMO. I'm not going to waste my time (or yours) in wading through and responding to the 22 pages of garbage.
The fact that this activity is allowed by the SEC, when it is obviously damaging in nature, is disconcerting to say the least.
Who is more believable? Dr. Lebby and the top-notch team at LWLG or the following:
Take a stand against market manipulation!
Dozens of short-sellers have reportedly been caught up in a sweeping DOJ probe into potential abuses
Vast DOJ Probe Looks at Almost 30 Short-Selling Firms and Allies
PG
Lol! Thanks. I’m just a regular Joe. I’ve had the fortune of working with photonics a bit. I’m obviously stoked about the information we received at the ASM and the sidebar conversations with management and other knowledgeable shareholders. I just attempt to use my experience to help inform everyone of the aspects I feel are important and to place the very impressive results ML and team have achieved into context.
I feel blessed to have met many old friends and make new acquaintances at the ASM…many on this board. The Belgium and Dutch contingent were delightful! What an enthusiastic group!
PG
Excellent comments Lew! Thank you!
I was very favorably pleased and impressed with the information Dr. Lebby shared at the shareholders meeting. My wife and I had a great time meeting many of the members on this board. It was great to see so many of you I hadn't seen since the last public shareholders meeting a few years ago. Plus, a lot of new faces too!
The excitement was palpable, along with a great sense of heightened expectations for 2H22. There were a lot of smiling faces. I have never been more optimistic for a bright future for LWLG.
Here are my key takeaways from the meeting.
PG
I was also happy to hear Dr. Lebby's response to my question about test equipment. It appears that LWLG is continuing to work with the test equipment manufacturers (Keysight, et. al.) to increase the speed of their measurement equipment. It's difficult to make improvements to your technology if you can't see the data. Having higher speed equipment will enable LWLG to innovate faster.
Posted by: dude abides
In reply to: None
Date: 05/12/2022 11:03:20 AM
Post #: 99,935 of 100,010
Last post for a while.
This place has become a warzone of mostly nonsense. I'm going to summarize my feelings as the good and the bad. I'm long the stock and will start with the good.
The Good:
In two weeks Lebby has an opportunity to answer all our questions. Will he be direct and give us actual information or will he dodge the real questions / issues?
I have no clue - but I like Lebby and am going to trust that he produces the goods. For example - if he sees revenue in the next 12 months, he should be able to say so at this stage in the game. "We have internal models but aren't sharing them" is no longer acceptable.
The Bad:
The below statement can be cancelled out in two weeks based on the information given by Lebby at the ASM
How Lebby and Marcelli sold shares is $&@&$ (bleep), and I want to explain why:
These two are well aware that they cannot sell their shares, especially pre-revenue, as it would cause a shareholder revolt. As the entire board sold - the only two I cared about was Lebby and Marcelli. To see them NOT sell was all I needed to hold this.
Now come to find out they did sell shares (via LPC and cash bonuses), and did it in a matter they wouldn't have to report it for months, is very bothersome as we can speculate why they would do this when we're supposedly so close.
Had they sold shares - the price would have collapsed as many others would have followed. Would have been more difficult to raise money into the future as it would have been at lower prices. ALSO - THESE GUYS DOUBLE DIPPED. Kept their shares, got the same cash outs as everyone who did sell, AND got more shares to start the year.
The bad doesn't matter if Lebby brings the heat in two weeks.
Do it Michael.
Some notes I've compiled about PMET
Stock symbols:
TSX.V:PMET
OTC:PMETF
Company Presentation
They have secured 100% ownership in 50km of claims in northern Quebec and have hit remarkable grades of lithium (Li) in the limited drilling they have done to date. They have drilled about 2.5km of the 50km run length of the property and have a very strong likelihood of having tapped into one of the largest Li deposits in the Americas (>100M tonnes).
It appears very likely they will have discovered more than 100M tonnes of ore just in the circled area below, which is less than 10% of the total run-length of the 50km trend, which they own 100%. And they have observed Li bearing pegmatites all along the 50km length of the property.
Quebec is the most mining friendly province in Canada and the Corvette property is only 12km away from developed roads and very adequate source of power.
There was a cool press release by PMET the morning of 4/21/22. It says that the two recent drill holes under a lake between two pegmatite outcroppings on either side of the lake contain Spodumene.
Patriot Battery Metals Completes Winter Drill Program, Extends Main Pegmatite Body to over 1.4 km in Length, and Returns Wider Intersections at Depth
An earlier PR (dtd 4/7/22) stated that the two drill holes under the lake showed that the pegmatite was continuous from the outcropping on one side of the lake to the outcropping on the other side (over the course of a 1.4km trend). Additionally, the PR stated that the pegmatite ore body only became wider at depth. Extremely promising developments.
Patriot Battery Metals Provides Further Update on 2022 Drill Campaign at the Corvette Lithium Property
From Wikipedia on Pegmatite: "... a few pegmatites have a complex composition, with numerous unusual minerals of rare elements. These complex pegmatites are mined for lithium, beryllium, boron, fluorine, tin, tantalum, niobium, rare earth elements, uranium, and other valuable commodities."
In other words, Pegmatite may contain Lithium.
From Wikipedia on Spodumene: "Spodumene is a pyroxene mineral consisting of lithium aluminum inosilicate, LiAl(SiO3)2, and is a source of lithium. It occurs as colorless to yellowish, purplish, or lilac kunzite (see below), yellowish-green or emerald-green hiddenite, prismatic crystals, often of great size."
In other words, Spodumene definitely contains Lithium.
So, the PR of 4/21 states that the pegmatite orebody between the two outcroppings definitely contain spodumene, which means that Lithium is present between the two outcroppings (across the 1.4km trend). And...the ore body is becoming wider at depth.
From a recent interview on YouTube with Blair Way, my key takeaway from interview was that Blair expects “triple digit” tonnage (i.e., >100Mt at approx 1% yield) from the first 5km of the Corvette property. What he didn’t mention is that they 100% own 50km of property and they have hit significant pegmatite outcroppings across all 50km.
Also, LAC, one of the world’s biggest Li miners, has a reserve of 60Mt at avg grade of about 1.5%. LAC’s market cap is $6B. PMET’s market cap is $75M. You do the math… I’ll give you a hint. PMET presently has 1/80th of the market capitalization as LAC, with possibly equivalent or more Li tonnage at very roughly comparable grades. Granted, LAC has a proven resource, is in production, has built a processing plant and has all necessary permits. Important distinctions.
Another interesting tidbit on PMET: Spodumene concentrate (6%) currently US$2895/t. 0.9% Li = 15% spodumene so in ground value would be about US434/t. Assuming no Li carbonate plant, a 100 million tonne resource at 0.9% Li has an in ground value of about $43 billion.
Some more interesting charts:
Info re TD Ameritrade's policy of loaning shares
Here's a post on this topic I made back in Feb 2022.
Q1. What is TDA's policy regarding loaning shares from client accounts to short sellers?
TDA Response: Our policy regarding loaning shares from client accounts to short sellers (rehypothecation) is when a client holds a debit balance in a margin account, TD Ameritrade may lend the shares to other clients or broker dealers or we may also hypothecate the shares.
Q2. Is the client informed beforehand if TDA allows shares from a client account are loaned for short position?
TDA Response: We would not notify you if your shares are being loaned out, it is agreed upon in the margin agreement that if you are holding a margin debit, TD Ameritrade may loan your shares. If you are not borrowing/do not have a margin debit, we will not loan your shares even if you have a margin account.
Q3. Does account status (margin v. non-margin) have any bearing on whether the client is informed of shares being loaned?
TDA Response: Ultimately no notification is sent to clients when shares are being loaned. Only margin accounts can have shares loaned though, non-margin accounts will never have shares loaned.
Please remember...if you have a short position in any equity or option, your account has a margin debit balance. And your shares are up for grabs (rehypothecation).
PG
KCC -
I believe the higher Tg has everything to do with maintaining good performance “stability” at higher operating temperatures. If the Tg is too low, the polymer may become amorphous at lower temps and lose its poling, which is key to maintaining its performance characteristics.
Wikipedia has a good explanation of what Glass Transition Temperature (Tg) is here.
I don't know any more details about the composition of LWLG's polymers than the rest of you. Questions I have are:
1. Is the higher Tg realized due to the incorporation of diamondoids?
2. Or is the addition of diamondoids more related to research into adding semiconductor properties to the polymer?
From the recent NR:
I have said this in the past, "NDAs don't trump securities law." With that said, however, the contractual agreements that are assuredly in process will have many 'conditional' terms, with respect to both process and performance.
Until these conditional terms are satisfied and trial runs are executed to validate yield, performance, etc., the agreement(s) very likely could be construed to be non-finalized, or - in other words - deemed not material information...yet.
I believe we can safely assume that one or more agreements are in process at this point in time.
PG
I’ve been known to answer a few with a little help of some Woodford Reserve Rye! ??
Got my room reserved at the Hilton.
A quick note of thanks to Richard, Proto, jeunke, X, KCC and Walter (in no particular order) for their many invaluable posts over the years.
Richard and Proto in particular have done a great job clueing me in to useful articles through their fantastic due diligence.
PG
Buz - Private sector. I’m the CTO of a small defense electronics company. Thx for asking.
Dredging up a Aug 2020 Lightwave Logic article published in Photonics Media magazine
Authors: Dr. Michael Lebby, Karen Liu and Cory Pecinovsky
Electro-Optic Polymers Improve Speed and Power Efficiency
Here are a few notable quotes from the article along with my comments in italics.
Speaking of Diamondoids...Interesting stuff!
I found an interesting article on diamondoids. It appears they are still undergoing a lot of research, but clearly show semiconductor properties...i.e., they don't conduct current at a small voltage, but start conducting lots of current at higher voltages (much like a switch).
Here's the article I found: Unconventional molecule-resolved current rectification in diamondoid–fullerene hybrids
Note the Figure below and how the current dramatically (non-linearly) ratchets upwards when the voltage exceeds 1V. That's what semiconductors do.
With Lightwave adding diamondoids to the Perkinamine polymers this very likely may add the ability for the polymer to act as a semiconductor. This would greatly expand the use of the polymer into functions other than just modulators. I.e., lasers, detectors, solar arrays, etc. It may possibly open it up to replacing (or at least augmenting) silicon based IC’s. It appears the tech is still in its infancy, but the mere fact that Dr. Lebby mentioned it in a NR shows that LWLG has made some progress with it.
Right now, the properties LWLG is exploiting with its polymers are its very linear variable index of refraction (w.r.t voltage) and its very fast response time. These properties lend themselves very well to modulators. According to my understanding, the polymer does not have any inherent semiconductor properties (the ability to turn current on and off with respect to a small change in voltage).
Adding diamondoids to the polymer appears to give it semiconductor properties.
Time will tell...but very interesting (and potentially monumental) developments down the road.
PG
SOA optical amplifiers are separate and distinct from the Modulator Driver Amplifiers. Optical amplifiers increase the amplitude of the optical signal coming from the laser, while modulator driver amps amplify the incoming RF data signal.
Getting rid of the Modulator Driver amplifier is the big kahuna, and that is what LWLG's "Driverless" modulators using Perkinamine polymers allow with their extraordinarily low Vpi of 0.5-1.0V. Potential customers can directly drive the modulator from standard CMOS logic levels without using a driver amp that consumes prodigious amounts of power and degrades the signal integrity.
I believe it is very likely that the new driverless modulators that Macom is touting have LWLG Inside on the label. I don't know for sure, but all signs point that direction. We'll probably find out on the first day of the OFC on Mar 8.
PG
More info re TD Ameritrade's policy of loaning shares
I received an expanded reply to my questions from TDA:
Q1. What is TDA's policy regarding loaning shares from client accounts to short sellers?
TDA Response: Our policy regarding loaning shares from client accounts to short sellers (rehypothecation) is when a client holds a debit balance in a margin account, TD Ameritrade may lend the shares to other clients or broker dealers or we may also hypothecate the shares.
Q2. Is the client informed beforehand if TDA allows shares from a client account are loaned for short position?
TDA Response: We would not notify you if your shares are being loaned out, it is agreed upon in the margin agreement that if you are holding a margin debit, TD Ameritrade may loan your shares. If you are not borrowing/do not have a margin debit, we will not loan your shares even if you have a margin account.
Q3. Does account status (margin v. non-margin) have any bearing on whether the client is informed of shares being loaned?
TDA Response: Ultimately no notification is sent to clients when shares are being loaned. Only margin accounts can have shares loaned though, non-margin accounts will never have shares loaned.
Please remember...if you have a short position in any equity or option, your account has a margin debit balance. And your shares are up for grabs (rehypothecation).
PG
I only know what they told me in the response to my questions about it.
It may be good to pose some specific questions to your broker if you want to know their policies.
TD Ameritrade policy on loaning shares out of clients' accounts
Pursuant to the Margin Agreement, when a client holds a debit balance in a margin account TD Ameritrade may lend the shares to other clients or broker dealers. We may also hypothecate, which means that we can pledge the shares as collateral for a loan at a bank. Only those TD Ameritrade customers with margin loans can have stocks and bonds in their account rehypothecated.
This is standard practice for brokerage firms. If a customer is not borrowing $ from TD Ameritrade (i.e. in a margin debit situation) a broker/dealer cannot rehypothecate any customer assets since they are fully paid for and owned outright by the customer and can't be rehypothecated. If a client is borrowing from TDA, they cannot make shares unavailable for loan.
My comments: Be careful with margin accounts. If you have a debit balance in a margin account, your brokerage can loan/hypothecate any of your shares without notification. Also, if you sell naked puts, that creates a debit situation in your margin account and - consequently - your shares are up for grabs.
PG
Forztnt2 - You asked the question below.
I saw the same thing. Unfortunately, I’m not a materials guy, but - if that is the case - LWLG could become far larger than what we could imagine. An organic semiconductor company with all patent rights sown up to form a monopoly.
I’m thinking possibly like Apple in 1985.
PG