Wednesday, September 19, 2018 1:14:09 PM
Once again - pure speculation.
1700 shares traded today in the first 4 hours of trading today, with 30k at the ask right now at 1.06. It would appear LPC has orders NOT to sell shares at a price less than say 1.05. That's good news for shareholders (if true) - would mean they're close enough to a partnership or revenue that keeping the share price above $1 is an actual priority for management.
I don't think we get any kind of announcement before, during, or immediately after ECOC. The last press release highlights a range of things they're working on - non of which I can see them completing in 3 weeks.
I will be looking forward to any interviews Lebby does at the conference. Below are videos from 2016 and 2017 at ECOC:
These videos were uploaded on 9/30 and 10/5 in previous years, so I'd expect something like this again highlighting progress made since the 2017 video rather quickly.
I just realized Lebby dresses like Steve Jobs (all black all the time). Frees up your mind to think about more important things than your attire!
One last thing on LPC. I hope people realize they own a ton of shares of LWLG. Jim made note of this at the ASM, but here's some perspective:
As of the last filing I can see, they own 2.35 million shares (3%). Jim mentioned that they keep it under 5% for reporting purposes - so that number could be closer to 3.5 or 4 mil shares.
Anavex Life Sciences is another company who uses LPC (biotech, no revenue, speculative). I personally hate this company (check out CEO comp - it's ridiculous). It also appears their agreement with LPC just ended, and they did the same thing with another company named Cantor Fitzgerald (https://ih.advfn.com/p.php?pid=nmona&article=77820575)
As of the above statement, LPC only owned 180k shares of this company (.5% of shares outstanding), which is what their bonus was for doing this deal. IE, they're not holding onto any more of the shares of this company then what they have to
So I guess I find it interesting that LPC, which is doing business with both companies, is hanging onto around 5% of the outstanding shares of LWLG (a company I like) and basically non of a company I hate.
Also of note - between LPC, the board, and Mary Goetz (wife of founder), they own 20% of the company (approximately)......
Add in the 67 non board members who participated in the private placement to that group and you have 49 mil shares, or 64% of the total shares.
Which would leave the public to fight for 36% of the total shares outstanding shares in the event of actual news.
Things that make you say hmmmmmmmmmmm
Recent LWLG News
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