The Schwab interest rate to borrow shares to short was 37.75% yesterday, but has increased to 44.00% today. This, in my opinion, indicates that short sellers are increasing their positions ahead of today's LD Micro presentation. They must believe nothing new will come out to indicate progress on the revenue front.
Since the last presentation, Lightwave has won a prestigious award at ECOC that supposedly required product shipments. They have announced world record speeds with very low signal loss and very low power consumption. Being a peer reviewed result is far more significant than a simple company lab test. In addition, while most do not like being associated with LPC, the terms of the agreement do seem to be favorable IF executed at the right time. Since there is no urgency, there should be plenty of joint press releases indicating revenues from MASS production volumes and MASS commercialization. Lastly, while still well ahead of the October 15th deadline, a few institutions have reported initial positions.
Market Data 
Markets 
AI
