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We have our doubts about when the company might start generating cash
"- it could still be years"
While licensing is capital lite, it seems like commercialization could be far away. An agreement may happen in 2023, but the royalties will take much longer than that, as customers will actually need to start selling products with LWLG's polymers. We have our doubts about when the company might start generating cash - it could still be years, even if an agreement happens in 2023.
The market says LWLG is too highly priced for the long-term wait for cash generation.
The market is adjusting the value of LWLG stock based upon the outlook.
The market does not engage in hopium, but reality.
A year from now some of you will be here talking the same way. You should sell and find something else imho.
Lightweight Logic management knew exactly what they were doing when they sold at the top.
You should question yourselves as to why you have held all the way down to the bottom.
Many other stocks out there with a much more predictable future.
All imho.
Seeking Alpha says to STAY AWAY from LWLG.
The problem with them is that they haven't commercialized their products yet, and are still in the process of demonstrating and qualifying their technology.
LWLG is a total VC style investment. In fact it's much riskier than a typical VC investment - it is very early stage. There's a reason VC is dead right now, and if you're an investor in LWLG, its stock in your portfolio is too.
With it being a bet on commercialization timelines, it's best to stay away given cash burn and balances.
The problem is there's no guarantee that they'll actually come to an agreement, (licensing) and that foundries are going to be moved to provide capacity for LWLG's products.
The idea of licensing is that it puts marketing in someone else's court, and they'd have to be the ones to convince customers that a new form factor is going to be worth putting into datacenters and our communication systems today.
There are a lot of unanswered questions, assuming of course that the technology is the real deal, which we aren't capable of determining.
This is still a developmental company.
No customers.
No revenue.
They have not proven the technology.
The industry won't touch this.
More share dilution is the only thing that will keep you afloat.
It is not a platform.
The stock price falls on patent awards now, instead of going up.
Finally this stock is being traded by people with open eyes and that's why it's down.
The shareholders want news of contracts and customers, not more patents.
You are years away from financial viability.
Stop looking for the grain of hope in ever Libby news update. He spins what he knows will keep you pumped.
Why did LWLG management dump shares at the top? Because they knew they were years away from sustainable revenue.
Take the year-end loss and find a better stock. There are many.
all imho
This is still a developmental company.
No customers.
No revenue.
More share dilution.
They have not proven the technology.
The industry won't touch this.
It is not a platform.
The stock price falls on patent awards now, instead of going up.
The shareholders want news of contracts and customers, not more patents.
You are years away from financial viability.
Take the year-end loss and find a better stock. There are many.
all imho
Lightwave Logic News: 5.80 -0.71 (-10.91%)
That DILUTION post really opened some eyes here and the selling dump started.
Went from $6.24 down to $5.80.
The days of Libby posting ANY old patent and creating a buying frenzy are over.
Some of you should really try to understand how far away Lightweight Logic truly is from making a nickel.
This company is still collecting data and also does not have a single customer yet.
It is definitely NOT a platform either, yet you'll keep hearing that said.
Don't even get me started on the goofy Libby letter where the "gold box" is mentioned. Laughable.
Personally, I'd cut my losses and get out before year-end.
This company has been completely inflated by management to the point that even the institutions were fooled.
None of that stopped management from taking their huge profits at the top while you folks just held to way down here.
Learn, learn, learn about their technology and try to understand why this is no gimme, to say the least.
DILUTION! Lightwave Logic, Inc. (Form424B5) Accepted: December 9, 2022
Lightwave Logic, Inc.
Up to $35,000,000 of Common Stock
We have entered into a sales agreement with Roth Capital Partners, LLC (“Roth Capital Partners”, or the “sales agent”) relating to the issuance and sale of our common stock offered by this prospectus. In accordance with the terms of the sales agreement, we may offer and sell shares of our common stock under this prospectus having an aggregate offering price of up to $35,000,000 from time to time through or to Roth Capital Partners, as sales agent or principal.
Our common stock is traded on the Nasdaq Capital Market (“NASDAQ”) under the symbol “LWLG”. On December 6, 2022, the closing sale price of our common stock on NASDAQ was $6.91 per share.
Sales of shares of our common stock under this prospectus supplement, if any, may be made by any method deemed to be an “at the market offering” as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”).
The sales agent is not required to sell any specific number of shares of our common stock. The sales agent has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices, on mutually agreed terms between the sales agent and us. There is no arrangement for funds to be received in any escrow, trust or similar arrangement. The sales agent will be entitled to compensation under the terms of the sales agreement at a commission rate equal to 3% of the gross proceeds of the sales price of common stock that they sell. The net proceeds from any sales under this prospectus supplement will be used as described under “Use of Proceeds” on page S-5 of this prospectus supplement. The proceeds we receive from sales of our common stock, if any, will depend on the number of shares actually sold and the offering price of such shares.
In connection with the sale of common stock on our behalf, Roth Capital Partners will be deemed to be an underwriter within the meaning of the Securities Act, and its compensation as the sales agent will be deemed to be underwriting commissions or discounts. We have agreed to provide indemnification and contribution to Roth Capital Partners with respect to certain liabilities, including liabilities under the Securities Act.
Investing in our securities involves a high degree of risk. You should read carefully and consider the information contained in and incorporated by reference under “Risk Factors” beginning on page S-4 of this prospectus supplement, and the risk factors contained in other documents incorporated by reference.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
Roth Capital Partners
The date of this prospectus supplement is December 9, 2022.
The current valuation seems ridiculously low BECAUSE of efficient markets.
There are too many design limitations in what Rockley has done. Save your money.
Sure, trade for flip money, or free shares, but too much time and money have been invested and their design will not work.
Someone else has already done what Rockley needed to do half of a $billion dollars ago.
This was a huge waste of money and a mistake by Apple that took a chance, but who looked at the wrong company.
I am not bashing the stock, but stating my opinion based upon knowledge.
Good luck to all of you here, but research the technology and you will understand why the market is efficient.
Apple wasted their money on Rockley
This we know:
Apple’s plans to add blood pressure and blood glucose to the Apple Watch have been pushed back due to issues with Rockley technology.
Here's why:
The delay is linked to “roadblocks” Apple and Rockley are facing with technology. The duo has been working on this since 2017.
Seriously, 2017?
Rockley has oversold its tech in order to raise funds. This is true imo, and Apple did not do enough homework in advance of wasting their money imo.
Rickman said himself that the challenge has been to miniaturize the technology.
I know of one company out there and one of their strengths is the small footprint of their devices. I won't say their name because I'm not here to promote some other company. This ability to fit more devices in a small footprint allows for new innovations and products which have never before been available. That is what Rockley needs to do, but almost half a billion dollars later, have failed to do. With this other company it is all about the waveguide and the simplicity of the design when compared to the limitations associated with the deep etching required to reach the cladding layer of the SIO wafer(Silicon on Insulator) The waveguides are deeply buried. The other company uses an optical interposer to produce multilevel waveguides in a dielectric stack that is deposited on the surface of the low cost bulk silicon wafer. An architecture that allows for an ease of design that can’t be matched in typical silicon photonics applications. They will be breaking into the wearables market eventually, and with great success too imo.
Anyway, an ongoing cash crunch is the future here imo. Artificially raising your share price with a reverse split is all smoke and mirrors for this company at this time.
It's the end of the year and could be time to sell the dogs and write them off.
Good luck to those holding these shares as your success is years away, if ever imo.
We have to wait 18 more months before we know?
Having a published patent application doesn’t mean your patent has been allowed, or that you now “have” a patent. Lightwave Logic has only APPLIED.
At THAT point,( after the 18 months) the USPTO will truly “publish” the application.
You can’t stop anyone from infringing your patent rights until you actually have those patent rights.
In Lightwave Logic's own words:
"Published Patent Application to Improve Stability and Performance of Lightwave's Proprietary Polymers"
In my opinion, Lightwave Logic are masters at creating illusion.
The shorts will remain in control imo.
Here's why over 2 MILLION shares were shorted imo.
I'm hearing that $LWLG needs to significantly improve polymer performance. Does it not work as well as was thought and that's why it must be significantly improved? Where can we read the published data referencing that failure? This data should be provided to shareholders, right? Their recent PR is creating questions imo.
The shorts own us right now and I don't like the sounds I'm hearing.
You do know what a PUBLISHED Patent Application means, right?
It is going to take a LONG TIME.
In my opinion, Lightwave Logic was premature in going to the NASDAQ.
I am questioning whether there was an illusion of readiness to justify their valuation being so far from generating revenue, the lifeblood of sustainable stock prices.
Should we sell until they get this figured out?
I saw this was also posted yesterday.
What Happens When $LWLG's Patent Application is Published ?
No matter how beautifully written your patent application is, or how amazing its drawings, the application won’t officially see the light of day for quite a while. In the US, a patent application normally remains secret for 18 months after its filing date.
"Published Patent Application to Improve Stability and Performance of Lightwave's Proprietary Polymers"
Having a published patent application doesn’t mean your patent has been allowed, or that you now “have” a patent. Lightwave Logic has only APPLIED.
At THAT point,( after the 18 months) the USPTO will truly “publish” the application.
You can’t stop anyone from infringing your patent rights until you actually have those patent rights.
In my opinion, Lightwave Logic are masters at creating illusion.
CAVEAT EMPTOR
aimho
Is this true?
Saw it posted yesterday.
Uh-Oh! $LWLG needed to significantly improve polymer performance?
So what we invested in has not worked and must be significantly improved? After risking so much money and waiting so many years it STILL is not ready? Where are the published results that show that the polymer performance needed to be improved?
I do not like the sound of this at all.
You do know what a PUBLISHED Patent Application means, right?
It is going to take a LONG TIME.
In my opinion, Lightwave Logic is BLOATED in price and astoundingly premature in the story that they have sold us.
https://www.otcmarkets.com/stock/LWLG/news/story?e&id=2092396
Been on Agoracom for eight years. Actually, retired at 54, same year as John. Why so angry and what about the POET part of the post is nonsense? Sorry if my comment regarding the goo company offended you, but many are waiting to see industry acceptance. No need to blow a gasket. Seems every board is hyper-sensitive when new posters appear unless they're totally onboard. I'm completely sold on POET and started buying in 2013. Have a good day my friend.
Hey, if you like $POETF and $LWLG, it's all good. I just don't think the other one is worth $1.5 - $2 billion without some of the industry joining the parade.
Trust me, my post of Vivek giving the operational update is far from altruistic. I don't share much here because the IHUB $POETF board has never really caught on. Maybe things will improve here in 2022.
2022 should be the amazing beginning for the company with customers, contracts and soon enough, revenue. The NASDAQ is nothing to sneeze at either.
People should be accumulating shares in this gem.
Vivek Rajgarhia Updates on Operational Progress:
Interest in POET Technologies’ products continues to blossom in China, where the company’s live demonstrations at two notable industry events in September were met with critical acclaim. In a recent interview session, POET President and General Manager Vivek Rajgarhia provided updates on customer engagements following the China events and explained how the industry is viewing the breakthroughs of POET’s Optical Interposer™ and the products built form it.
Q: What have the follow-up discussions since the China product demonstrations been like?
VR: It was a coming out party for us at those conferences. The impact of those events was that people now know what we are doing and understand the value we can provide to them, and in many cases to their customers. Since those events, we’ve had multiple engagements. I would say we have three levels of engagements happening.
First, we have customers who make transceiver modules and see the value of getting an optical engine from us or a semi-customized product from us because of the benefits we provide of cost and scale, and the flexibility we have in terms of form factor. Those would be Level 1 customers and we have a whole list of them, especially in China, and also in North America that have come up since those meetings.
Second, there are technology companies who have developed a certain device and they need a platform to make that device operate for the application while working with other devices. So they’re looking to see if we can integrate their device into our platform and make it meaningful to the market. Also in that same category I would say there are incumbent companies who have been packaging their products in a certain way and they look at us and want to see if they can get to the next level of packaging and provide value to their customers.
Third, is a level of companies who are end users. These are the data centers who are coming to us to say, ‘Hey, can you provide a solution for better performing and cheaper products for optical connectivity?’
At all three of those customer levels we have multiple engagements in our pipeline.
Q: Where is the stage of your products in regards to sampling for your customers?
VR: We are sampling our engines to the Level 1 customers, and even some Level 2 customers, that I mentioned, and they have confidence in our technology and our platform. We also have unique device customers who are sending their devices to us because they want us to incorporate their device into our engine. So we have multiple communications at all levels and in all areas of manufacturing.
You start with someone coming to us through our network and then you may have conversations where you determine that, yes, there is an alignment and we can perhaps move together. Then, there is an evaluation, there is a proposal, and there is a project. And we deliver what is required to be delivered.
In terms of how things are advancing, in my assessment, over my decades of interactions with customers in the industry, I would say it is moving very well.
Q: Both yourself and POET’s Dr. Mo Jinyu have long-standing relationships with the industry in China. How have those relationships helped to elevate POET’s notoriety in that country?
VR: The optics industry is a young one. It’s about 35 to 40 years old. Optical communications started in the 1980s. So it’s new and there is a limited number of people who have been doing it for 20 or 30 years who know the ins and outs. The processes are not as well established as in the semiconductor space, which is 30 or 40 years ahead of optics. The transistor, for instance, was invented in 1947. So with semiconductors there is a well-established process and mature companies operating in the space.
In optics, it’s still a boutique industry in a lot of ways. That means that although there is a lot of innovation that happens, there is also a lot of risk. There are many attempts to make new applications commercial and we have seen over the years that a lot of those innovations do not pan out — due to various reasons: resources, money, the timing.
So when we approach a former colleague in the industry, they’ll say, ‘Okay, we’ll look at what you have,’ because we have the credibility through those relationships and network interactions. After that, the next step is to put our innovation into their system so they can see that it is working, and also on our end we have to qualify the product, to make sure it is robust enough for industry standards. That validation needs to meet industry requirements and we have already gone through that phase.
Now, we have contracts. Customers are convinced, they have given us some NRE contracts to develop the products for them.
Q: Outside of China, what are customer engagements like?
VR: With customers in North America and Europe, we have one-to-one discussions with various potential customers including some blue-chip companies. We have taken a conservative approach where we didn’t want to trigger a deepening of our engagements too early because you want to make the most of your first opportunity to present to customers of this stature. There is a certain way to launch new products in this industry and we have followed that process. Now we are at the stage that we can engage with blue-chip customers more meaningfully and we are doing that.
The next major event for us will be the Optical Fiber Conference in March 2022. We did it online in 2021 because of the pandemic, but in 2022 we are preparing for live demonstrations of next-generation products.
Q: What does the recent news of an added laser partner mean for the business?
VR: The laser source is a key part of optical communications. That’s where the light is generated. You need the laser in the optical engine, just like you need the battery in electronic modules. Within optics, there are two platforms in the data communications space that we are addressing: DML, or directly modulated lasers, which are contained in one platform, and the continuous wave, or CW, lasers. With the CW lasers, you require an external modulator. With DML, you use the electrical signal to turn the laser on and off as needed, and you don’t need an external modulator. The CW laser needs more optical power, because you are using a shutter, so the intensity of light has to be greater. We have multiple laser suppliers and that’s good for us because different customers require different performance.
Sanan IC has partnered with us on the DMLs for 100G and 200G Optical Engines. For 400G engines you need that external modulator. As the technology evolves we will have DML at that speed, we believe. Right now, we have the CW laser and external modulator at 400G, and we’ve been working with Almae for three years on those components. In early October, we announced a collaboration with a major, top-tier partner whose lasers can be customized to bond onto our Optical Interposer™. This partner’s lasers are a “KGD” — a known good device — and that means they can be incorporated into our platform without needing to be re-qualified.
So we have that newest partner and Almae supplying us with CW lasers. We have Sanan IC providing us with DMLs and we will have other DML suppliers to fill the need should Sanan IC not have the product available. We’ll integrate these lasers as needed into the Optical Interposer™ products. From there, Super Photonics, our joint venture with Sanan IC, will assemble the products for the market.
Q: What are the latest developments at Super Photonics (SPX)?
VR: There is significant progress. SAIC has been very cooperative and supportive, providing office spaces and clean-room facilities. I saw it with my own eyes when I visited in August. It is a world-class space. And SAIC has been hiring people, since even before SPX was incorporated, that shows great support and belief. We now have about 25 to 30 people at Super Photonics, a lot of them are in the engineering department but we also have staff in sales and on the finance team.
We average two calls per day between SPX and the POET offices, so there is a lot of activity and a lot of collaboration going on throughout the operations of both companies.
At the same time, POET is hiring our own people, outside of the SPX joint venture, in Shenzhen, in Singapore, and in Allentown. We have been able to attract experienced people who normally wouldn’t have left their lucrative jobs.
Q: How do you attract that talent and convince them to join?
VR: Of course the potential of being a disruptive technology and being part of building a legacy, with a long-lasting impact to the industry, is attractive to them. But in optics the risk is also high in terms of reaching success as a company. People with 10, 20, 30 years of experience don’t want to just join another company and spend their time working on something that won’t succeed. They don’t want to lose two or three years of their lives on it. How do they get the confidence that we’re on the right track? Well, they get that confidence from the people who are here, that’s a big part of it, and they also understand that POET’s technology has advanced beyond the development phase and is ready for commercialization. That’s the reason for the credibility that POET has. We are able to attract and hire talent from all over. We were able to recruit people during this pandemic without even meeting them. Talent is a big part of making a winning team and you need to be able to attract that talent to ensure you achieve what you want to achieve. We’ve been able to recruit highly qualified and experienced people. This says a lot about the stage we are at as a company.
LWLG is bloated in price imo.
Seriously:
“Several tier-1 and tier-2 potential strategic partners”
So, no customers?
So, no contracts?
So, never a profit in over 20 years?
LWLG makes a single component, nobody wants it yet, and wild-eyed investors have pumped this to an approximate value of $2.0 BILLION?
Patent moats are great, but there has to be someone who wants what they make.
You were jacked up high enough to get on the NASDAQ, but what are you going to do now?
Your “potential” strategic partners have been kicking the tires for many months.
Why no contracts?
Do you have foundry relationships yet?
I’d take my profit and run. Need to wait and see if there is a real company here.
You have hope when you start seeing contracts. Too speculative until then.
There’s more downside than upside currently.
AIMHO
Seriously?
“Several tier-1 and tier-2 potential strategic partners”
So, no customers?
So, no contracts?
So, never a profit in over 20 years?
LWLG makes a single component, nobody wants it yet, and wild-eyed investors have pumped this to an approximate value of $1.5 billion?
Patent moats are great, but there has to be someone who wants what they make.
You were jacked up high enough to get on the NASDAQ, but what are you going to do now?
Your “potential” strategic partners have been kicking the tires for five months.
Why no contracts?
Do you have foundry relationships yet?
I’d take my profit and run. Need to wait and see if there is a real company here.
You have hope when you start seeing contracts. Too speculative until then.
There’s more downside than upside currently.
AIMHO