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Re: WisePolicalEconomist post# 18405

Tuesday, 02/02/2016 5:16:10 PM

Tuesday, February 02, 2016 5:16:10 PM

Post# of 196119
Phil Smith was a real folksy guy. Myself and another large investor
had dinner with him and Jim at the Hilton. He was constantly
pumping Jim about getting the stock up, which we all wanted but
as it turned out he needed the money to keep his two 30000 square
foot homes going,which the banks finally took. I guess he felt he
was owed this information since he brought Jim into the company. He dumped close to a million shares of Lightwave stock just as he did to his sons company Taser taking their stock from a hundred a share to less
than ten. He was the most unqualified board member in my opinion to serve with Lightwave. He was no different than the greedy individuals that just took us from the mid 80 cent range to mid 40s. Just hearing his name gives me a knot in my stomach.
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