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Re: zdog post# 99928

Thursday, 05/12/2022 11:08:20 AM

Thursday, May 12, 2022 11:08:20 AM

Post# of 195476
Zdog,

I would also like more details at SHM. My guess is that foundry deal(s) were signed in 4Q21 which led to the language change from LWLG to specify in filings and press releases "our foundry partners" and ubiquity, BUT trigger into production phase of agreement were dependent upon successful milestones reached such as PDK finalization, performance in prototyping and pilots, and GF successfully integrating into production lines. Just a wild guess but maybe LWLG knew these milestones were already achievable in 2022 given the years in testing and enhancements to get to that point so bonuses were paid. I still would leave on table the timing of 2021 bonuses assuming certainty of milestones being consummated that the prevailing thought at that time was much higher taxes in 2022 so this created a tax strategy aspect. Pontification and guesses is all I have while I wait for SHM.
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