Had a good sleep after a fantastic but tiring week week. There was a lot of mutual respect between management and shareholders.
a lot of has already been written here
Hereunder a google translate of a report of my previous banker ( retired) who follows the stock; Pay attention google translate is not perfect
LIGHTWAVE LOGIC: General Meeting dd Wednesday 19/5/2017
Before returning to the order of the day, just a repeat of the main events of 2017
- Announcement of a working device ridge wave modulator 10G
- Appointment of Dr. Michael Lebby as new CEO of Lightwave Logic
- Re-election of former CEO Tom Zelibor as Chairman of the Board of Directors
- Accession of Dr Fred Leonberger to the Board of Directors and to the Executive Committee
- Announcement of a working device ridge wave modulator 25G
Discussed in the general meeting:
- Extensive presentation of photonics and potential markets by the new CEO Michael Lebby
- Strikingly, the new CEO's enthusiasm and outstanding technology and communication skills were outstanding
- The intention is that Michael Lebby will deliver more familiarity with the aforementioned talents Lightwave Logic.
- In June there is the first meeting of photondelta in Eindhoven, and it is the intention to put polymer photonics on the roadmap, used worldwide by all potential customers.
- A contract has been signed with a provisionally unlisted external party that will provide the 25G RWM
- After finetuning and packaging, this device will be submitted to potential interested parties, timeline 12 months.
- To prove perfect scalability of polymer photonics, an 50G device will be urgent, timeline 12 months
- Built-in scalability is important to show potential customers that it's a perfect step to 100G, 400G and more
- Upscale to more efficient and economical devices can happen while retaining margin this unlike some competitors
- The LWLG team is and has already been expanded with world-class engineers to complete the above-mentioned steps
- Purpose is to continue with a limited but motivated high-tech team of people, with the aim of keeping costs under control
- Cost reduction is important and limiting dilution for shareholders remains a top priority, recent financing through exercise of warrants.
- Important to know is that the whole meeting expressed a great deal of self-confidence and enthusiasm from the management team and board that were almost entirely present.
Just check the recent price movements.
Following the announcement of the appointment of CEO Lebby and, in particular, the important 25G device, Lightwave Logic came into the interest of various parties and this resulted in a very strong rise in stock price and trading volume. With these new "investors", investors, of course, have other parties like short-term traders in the story, and the latter party intends to return soon after a nice ride (we have seen). Thus, the corrective move we saw from the peak of 1.86 to 1.25usd now is caused by traders taking their profits and, on the other hand, probably due to the activities of market makers who, due to increasing demand, had to take care of liquidity With short selling on the stock and a fall in the price, they are good at closing these positions again. For long-term investors who can overcome current turmoil, the latest messages from the general meeting only yielded hopeful and gorgeous news.
