Lightwave Logic Inc (LWLG)

[KCCO7913]

in order to mitigate risk they partnered with multiple foundries in case one is slower or has problems

That is not THE reason why they are working with many foundries. It may be A reason, but ANOTHER reason is that an end-user guided LWLG to work with at least one of them.

(ie by year end 2021 at the latest)

6-9 months from mid-May 2021 is not end of 2021 at the latest.

They likely had problems with several if not ALL of the foundries they are working with.

You have no basis for that statement. Problems? ALL? Perhaps engineering hurdles is a better phrase?

my conclusion

Your opinion, you mean?

If they can't get one 'result' -- ie a finalized PDK –

No one ever said an “expected result” was a finalized PDK.

it will be more clear to more people that something is seriously wrong

Absolute FUD

Again, read this post for the PRECISE and UPDATED timeline language provided by LWLG management.

https://www.reddit.com/r/LWLG/comments/xmhzx7/critical_timelines_provided_by_lwlg/