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If you did just a little bit of research you would know that institutions including index funds bought more shares than the company issued in the 4th quarter.
If you want to stick with your scam accusations, you need to substitute institutions for retail.
#scam artist
The bottom line is that the tier 1 multinational manufacturer of internet infrastructure equipment needs to be assured that Lightwave Logic can supply millions of PICs, not hundreds!
2024 unit guidance has been disclosed since the ASM. Those numbers continue to sound reasonable as the company proves out their production capabilities.
However, I get the feeling the sales ramp for 2025 and beyond is going to blow away the guidance given last May.
Spartex, at the 2022 ASM I asked Dr Lebby if there was a limited shelf life for Perkinamine. He said no! It is possible to build inventory in multiple locations and since the cost of Perkinamine is so low, high inventory would not be a burden on working capital.
I am not the one to answer that question. There must be a number of tests beyond the high temperature ovens that have already passed 9,000 hours.
Personally, I believe pricing remains to be an area of negotiation. The request for more reliability data could just be a stall tactic to gain pricing concessions.
I will send the updated quarterly spreadsheet to X so he can post it in the Dropbox box and link it here.
For now, the company issued 1,453,332 new shares during the 4th quarter. Short interest increased by 89,799 shares bringing the total number of shares owned by investors to 140,503,131.
Institutions that report to Fintel, Nasdaq, and Whale Wisdom increased their ownership by 1,467,119 shares to 32.120,876. Individuals, which includes small institutional investors who are not required to report their ownership, increased their ownership by 76,012 shares to 108,383,018 shares.
In percentage terms, individuals own 92.91%, institutions own 26.17%, and short sellers have supplied 19.08% equaling 100%. In other words, there was very little change in ownership in the 4th quarter.
In our conversations with potential customers, the biggest points are not performance related. “They know our polymers are fast, low power and in a smaller footprint.” They are asking to see more reliability data and the ability to produce at scale, as well as to ensure that we can sustain a long-term partnership.
My question is: how do they know our polymers are fast? The reason is because most of them have been testing them for many months now. They know the performance is fantastic. Anthony Yu stated that he was well aware of the performance, he just wanted to see more reliability data (Oct 24, 2023).
As long as potential customers are well aware of the performance of our polymers, the rest will fall into place because the need is so great. This is my happy place!
Having gone to the ASM for the last two years, I was able to discuss this issue directly with Marcelli. What I recall is that 300mm wafers are used for commodity chips that sell for less than $5 each. 200mm wafers are used to produce value added chips with much higher selling prices. This is the size wafer LW has been working with foundries all along. They have always used 100mm (4”) in their lab. This is the first time the company has written publicly about the wafer size used by their foundry partners to make their modulators. To me, it is old news that I thought I had shared on this board. No doubt I got drowned out by repetitive disinformation.
The quoted part is also new from last 10k
we worked with silicon-based foundry partners to help scale in volume our polymer modulator devices "and we received working modulator chips from these foundries. We have advanced and matured our interactions with our foundry partners and we continue to receive working modulator chips for prototyping."
I disagree 💯
That shitting licensing deal has 93.8% gross margin so far. Imagine what would happen if one hyper scaler said “replace all of our existing transceivers with your 800g P2PIC transceivers.” What if only 10% bought from us?
Oh that’s right, you still think this is a scam. Y
Unconfirmed
Are you asking me to be your administrative assistant? My fee is $500 per hour.
In the end, it sounds like nothing unexpected or new. I haven’t had a chance to look at it yet.
Analyze this sentence by Ted:
“in the end” - doesn’t that mean a conclusion has been made?
“I haven’t had a chance to look at it yet”
Conclusion is so obvious: you will spend the next several days supporting the conclusion you made yesterday.
Ted is Ted and that “ain’t” saying much unexpected or new!
They are busy trying to punch holes in the 10-K. That is not easy to do. But they are relentless. We will see their best efforts in the coming hours and days.
Ted, are you seeing what cautious statements that were in the 2022 10-k are now missing from today’s report. Why? Why? Why?
They must be significant meaning there! Spend a few days on that and get back to us! (Please)
Gross margins of 93.8%
Should be able to calculate breakeven revenues now. But not tonight!
I checked a list of stocks and saw many of them with large volume trades at 4:00. Must be month end window dressing or whatever they call it these days.
Exactly! Best to own what you want now and top off the tank after the news if reasonable. Last May, the stock took a few days to double. A buyout would be instantaneous with no chance to initiate a position. That is Ted’s biggest fear!
I fully understand your motives. You keep tabs on the company by the minute so when the qualifying news breaks, you will jump on it. Until then, you will do your best to discourage anyone and everyone from being satisfied with the information already public. You much prefer to jump on it at $2 versus $4. I get it and so does everyone else.
The real question that only you can answer is, will you be able to mentally pull the trigger after the stock gaps into the teens without you? I know perhaps 75 investors that own the stock at current average prices that keep $100 grand in cash waiting for the same information as you. The train will not leave the station without them.
Then why are you trying so hard to get the market cap down to $100 million where you would love to buy? Would you really buy into a company that has done and said what they have?
Are you referring to Viceroy?
I agree with the lawyers and the pricing terms being most of the reason these agreements are taking longer than the retail shareholders would like. I also believe the tipping point in the negotiations will be the introduction of Lightwave Logic’s 800g PiC OE packaged in a transceiver and available in quantity for real time field testing. I believe these field trials have been going on now for several months according to the slides.
Set the bar publicly instead of under NDA.
PECC Summit 10/24/2023. Our DD includes sending people to these events to learn who is working with LW. There is a lot of information that is not shared on this board.
The short interest reported for 2/15/2024 was 20,982,959 shares. The last time it was below 21 million was on 5/15/2023.
X says it is now back up to just under 22 million. That jives with the stock price.
You will disappear from this board and never have to read what will be written about you. Before you go, just know that we know you are the scam!
Jeunke22,
It is desirable to have the short interest at or near record levels when Lightwave Logic reveals their own custom designed 800g PIC with unparalleled performance specifications. There won’t be another company telling us to stay quiet. Gossip columnists like Mark Lutkowitz will spread the word and all of the companies who have been collaborating with Lightwave under NDA will rush to get access to Perkinamine.
A number of posters here will disappear forever and others will be glad they didn’t listen to themselves.
The only thing we don’t know is the exact day when Lightwave Logic announces their PIC. It could be tomorrow or the next day! OFC is going to be wild.
We have visual confirmation that Lebby spoke with the Nvidia speaker for twenty minutes in private. That’s a fact. Nobody knows what they talked about so don’t speculate!
Exactly! The shock factor is alive and well. The fear factor is not to the downside, it is to the violent upside. Missing the explosive upside is not worth being short to squeeze another $.40 of potential profit before Lightwave Logic raises the performance bar to unreachable levels.
30 days max
Batting 1% is not something to brag about!
I don’t like the strategy just like everyone else. If it proves to be the right strategy because Lebby understands the players in the market better than the arm chair quarterbacks on this message board, then he gets rewarded handsomely.
Lebby wants everyone who has not signed an NDA to be totally clueless.
Ted, that’s an easy answer! Lebby knows how difficult it is to market a new technology platform and he is being excruciatingly cautious about letting out any information. You interpret the silence as meaning there are problems preventing success. Of course there are problems but they get solved and progress is happening.
Lebby wants you, GP, the incumbent transceiver suppliers, and all the shorts to think no progress is being made. Clearly, he is doing a great job at that.
I don’t like the lack of real information either, but I do know that is Lebby’s strategy. When the day comes, it will come without warning and there will be a shock factor. It could happen at any time and that fear of missing out is why you are not having success talking the stock down to a level where you would buy heavily.
I remember posting on this topic. I speculated that the R&D costs were being absorbed by the foundries and would be accrued or rolled up into the eventual technology transfer agreement terms. I still think this a reasonable theory.
Congratulations to Intuitive Machines for a perfect moon landing!
Druid also suggested that you are making too big a deal out of the cash bonuses from the uplist.
I think the stock is down because Lebby was very clear in his December 4th update and nothing has been announced yet. Remember the number one argument by those bearish on LW is that because they have never had a product to sell, they never will. Personally, I think that logic is flawed in many ways. Traders are tired of the lack of news and are supplying the dark pool with shares as they accumulate. Roughly 1/3 of the 32 million shares listed as institutional ownership is managed funds.
OFC is a month away and I believe LW will have a 4x200g PIC to demonstrate along with performance specifications. I also believe that the “exciting new milestone” Lebby referred to in his update is the introduction of this proprietary PIC. I have no clue if the next press release will be about the Diamondoid patent, the P2PIC, or a licensing and technology transfer agreement. All three of these SHOULD be announced prior to OFC. However, only the patent is assured.
Just for the record, introducing the 800g PIC is a bigger deal than signing another agreement if the names and terms are not disclosed. The industry needs to hear and see how Lightwave Logic’s product stacks up against other silicon photonics 800g products. Once the bar is set out of reach, the agreements will become a survival strategy for many companies.
Each day that goes by, all of us are one day closer to knowing whether or not Dr Dr has been telling the truth. Is there really substantial interest in the Perkinamine value proposition from tier 1 multi-national manufacturers of internet networking equipment? Some say yes and some say no. Both cannot be right!
Steve S is still around just not on this board.
Who was “two cents”? He had some information, but most people view him as a skilled pumper. He completely disappeared which is a common trait for manipulators.
While I do not disagree with Polariton being the licensee, it is still just an educated guess. It is also an educated guess that the end customer is Nokia. The foundry being used by the licensee is unknown.
These ownership numbers are a year old. I will publish the December 31, 2023 ownership once the 10-K is released. My spreadsheet cross references the data supplied by Nasdaq.com, Fintel, and Whale Wisdom.
Institutional ownership for 12/31/23 increased to 32,120,876 up from 30,653,757 on 9/30/23.
The truth is that nobody really knows the name of our first licensee. The only description that has been revealed is this statement:
We signed a four year material supply and licensing agreement for Perkinamine in May 2023 with a company designing and providing polymer based photonic devices and photonic integrated circuits (PICs).
Per the terms of the non-exclusive material supply and licensing agreement, the licensee shall pay Lightwave Logic a running royalty with a minimum royalty paid on an annual basis over the term of the License Agreement. Revenue will be generated from royalties from the licensee’s sale of licensed products.
Any interpretations of these statements are speculation.