Lightwave Logic Inc (LWLG)

[ohm20]

LWLG (formerly Third-order Nanotechnologies) has been promising a breakthrough since 2004. After 17 years you'd think they'd have something to show for it.

Then take into account they say they have enough cash until November 2022 yet feel the need to do a $100,000,000 shelf registration. Not $10,000,000, not $20,000,000 but $100,000,000. With a burn rate of around $1 million a month why would they need to have a potential cash reserve of 8 years. I guess if they've done nothing in 17 years it's best to prepare to do nothing in the future.