Friday, July 29, 2022 8:32:37 AM
Sold all of my position at around $2.70 post reverse split, as I discovered a much more promising company making a proprietary polymer that will revolutionize data transmission from Data Centers into fiber optics at 3-4x current technology and at 1/5 to 1/10th the power (energy) needed to run these modulators. Lightwave Logic (LWLG); got in initially in low $3's and now it is at $10.37. They have their first pending deals with a number of large Foundaries (chip fab plants) in the weeks and months ahead.
It was all about timing and price potential over time. Plus, I love the CEO of LIghtwave (a brilliant technologist, collaborating and leading a Photonics group in Europe, and has vast business experience), their top notch BOD and Advisory committee.
One open question still in my mind is how is NEXT going to finance their Phase 2 which will have large capital expense, as well as any spherical production plant? That made me less optimistic in some ways, as Lightwave has minimal cap ex, and is using the Foundaries as a partner to lay their polymer product down into silicon wafers for sale to buyers (e.g. Cisco, telecom , etc).
Recent NSRCF News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 08/01/2023 03:52:37 PM
- Form 40-F/A - Registration statement [Section 12] or Annual Report [Section 13(a), 15(d)]: [Amend] • Edgar (US Regulatory) • 08/01/2023 03:50:36 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/01/2023 10:02:52 AM
- Form 40-F - Registration statement [Section 12] or Annual Report [Section 13(a), 15(d)] • Edgar (US Regulatory) • 07/24/2023 08:27:00 PM
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