Lightwave Logic Inc (LWLG)

[inveterate]

This paragraph from the 10-K struck me:
"We expected our initial prototype amplitude modulator to be completed by the end of the second quarter 2010. We continued to work on this device throughout 2010 and discovered its design had limitations so we terminated the program to take a different design approach. We embarked on the new design approach in 2011 with another partner, Boulder Nonlinear Systems (BNS). A feasibility study with our new design partner was started in late 2011. This research and development program continued through 2013, and was completed the end of the third quarter of 2013. The results of this study gave us a guide on how to move forward with the design of our prototype spatial light modulator. The second phase of the program is under review and we expected to start the second phase sometime the second half of 2014; but funding for phase two of this program was delayed. We hope to reengage our work on this program in 2015 after funding is approved."
Do you think that they were hoping with the share vote last summer to get the funding for this project last fall? Do you think that this is what the May meeting will be about - the funding for this project?