LightWave having enough cash on hand till January 2024 with little to no debt is very reassuring in this down market.
I think JM has done a great job in keeping LWLG above water financially all these years as they were in the development stage. To have less than 112 million shares outstanding, with no revenue all these years, with an unparalleled and unique product about to hit the market with potentially very high profit margins and the likelihood of being ubiquitous throughout the world is very exciting :) All that with 1 lab and maybe 50 employees max at point of mass commercialization...wow, what's not to love about this little gem of a company and it's amazing potential for life changing returns for current investors for decades to come!
So for true longs, this current share price and the all too obvious attempts from the shorts and those with disingenuous motives is more of a side show. One must wonder when reading the board lately about the motives of a company with seemingly very little credibility flooding this board, and apparently only this board, with negativity and FUD regarding a small company about to change the world, and do it in consortium with several individuals with those same credibility issues. What sucks is if these actions have taken shares from good honest people who are just very unaware of these types of 'games' that get played. Some people and institutions have no shame. I believe in karma and the saying 'what goes around comes around'!
LightWave has as good as chance as any company to be minimally impacted by a potential recession and bear market and even to thrive in same. The current share price should be of no great concern for true long term investors who can afford to hold as 6 months from now it will likely be considerably higher and continue upwards from there for many years to come.
And for anyone looking to add to their share count or get in for the first time, this is a wonderful opportunity.
Long and Strong LightWave Logic!
tcubed
