Lightwave Logic Inc (LWLG)

[Nioman]

LWLG tumbled 11.18% on the news that two executives at LWLG (including former CEO Zelibor) had sold a large package of their shares. This is the typical noise sold by shorters to take advantage.
As part of his compensation at LWLG, Zelibor was given warrants, and to exercise them he needs cash. Warrants are only valid for a limited time. Zelibor has converted 500,000 warrants into shares at a cost of USD 650,000. Selling those shares is not free of charge, you have to pay 42% capital gains tax. On top of the USD 650,000 he had to pay USD 2.8 million to cover. Make the sum: Sell 240,000 shares to convert 500,000 warrants. He now has more shares in the company, but at a cost of 3.45 million. Don’t believe all these agitators on for instance Seeking Alpha, they are paid by shorters and market makers to shed as much negative light on these events, to finally obtain what you have: cheap shares