Lightwave Logic Inc (LWLG)

[WhiteSahara]

It's great to see LWLG is moving to the highest grade of the OTC, the QX.

The OTC, has become more respected and important post Sarbanes-Oxley, (SOX), of 2002. After the collapse of Worldcom, TYCO and ENRON where shareholders suffered huge financial loses, congress enacted SOX to shore up the public trust in U.S. financial markets. SOX holds both operating public companies and their auditing accountancy firms liable for inaccuracies, at a cost.

To many firms, Congress went too far and the cost to list and have report income on premium boards is prohibitively expensive. This brought on the upgrading of the OTC market to fill a void.

Many firms listed on Euro, Asian and other markets already have credibility but want capital exposure in the U.S.. To keep costs down, they will quote, on the OTC at all levels.

Two cases in point, Nestle NSRGY, a $323 billion dollar conglomerate is just a BB quote. Tencent Holding a nearly $711 billion dollar entertainment conglom is quoted on the OTC Pinksheets. There are some reputable firms that quote on the OTC.

Junior minors and startup firms with no current revenue stream list on the OTC for obvious financial savings. LWLG is in fine company on the OTC.