Lightwave Logic Inc (LWLG)

[JohnSamuel]

SHORT ATTACK ...

Kerrisdale Capital
@KerrisdaleCap
We're short $LWLG. Report available at http://kerr.co/lwlg. Lightwave Logic is a photonic device company that's been stuck in "development stage" for 30 years, and will probably never come out. (1/8)
9:43 AM · Jun 2, 2022·Twitter Web App
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Kerrisdale Capital
@KerrisdaleCap
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@KerrisdaleCap
Lightwave says its electro-optic polymers and optical modulators will enable 2-3x faster internet speeds, but it's been saying that since it went public in 2007. In the meantime, optical transmission speeds have increased >20x and $LWLG has generated zero revenue. (2/8)
Kerrisdale Capital
@KerrisdaleCap
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1m
Lightwave's claims are not even impressive. The modulators it supposedly tested in its labs run at slower data speeds than what's commercially available, and the power consumption specs are irrelevant for modern transceivers using advanced DSP functionality. (3/8)
Kerrisdale Capital
@KerrisdaleCap
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1m
Worst of all, former $LWLG employees confirmed that Lightwave has no way to consistently and repeatably manufacture the underlying EO polymers due to the fraught nature of electrical poling, which is a critical process in the fabrication of the polymer. (4/8)
Kerrisdale Capital
@KerrisdaleCap
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29s
In other words, any polymer or device that $LWLG claims to have developed, built, and tested is just a one-off production that can't be replicated consistently. (5/8)
??_DD
@afroeeee
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1m
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@KerrisdaleCap
Sounds like $akp on #ASX