Lightwave Logic Inc (LWLG)

[inversor86]

I would say that Lincoln Park has successfully been using Lightwave since 2011, not the other way around.

Prior to LPC, Lightwave raised capital through an institutional sales agent who in years prior (while working at DLJ, Credit Suisse, Cowen & Co., Société Générale, Lehman, etc) had raised the lions share of capital for numerous deals, including some important IPO's; Costco, Research in Motion, Dr. Mann's biotechs, the list is long. This person brought credible investors to Lightwave. This also brought investors who expected accountability from management and could not be placated. Lightwave was never able to meet the timelines they provided. These investors and their placement rep became a major headache for the company. I believe this experience led Lightwave to find financing with zero accountability. AKA Lincoln Park.