Lightwave Logic Inc (LWLG)

[dude abides]

More on Kerrisdale - really interesting.

I use a company called straight path communications as an example as to how i see Lightwave playing out. Ticker was STRP

Long story short - they had some 5G tech that ATT wanted. Stock was 15, they offered 90, then a month later Verizon jumped in and offered 184. This information is really hard to find now since it happened in 2017, but i remember that the stock actually traded well above $200 / share after the Verizon offer was announced because SHORTS WERE FORCED TO COVER.

Check what Kerrisdale had to say on Straightpath Communications on JAN 31 2017:

We remain short shares of Straight Path Communications. As we argued earlier this month, Straight Path is dramatically overvalued relative to the most appropriate comparable transaction: Verizon’s potential future acquisition of XO Holdings’ millimeter-wave (mmWave) spectrum. Reaching this conclusion does not require any particular skepticism about the prospects of mmWave 5G. However, some investors – apparently taking marketing fluff at…

more here: https://www.kerrisdalecap.com/commentary

The Verizon buyout happened on MAY 11 2017

https://www.verizon.com/about/news/verizon-acquire-straight-path-spectrum-accelerate-5g-deployment

Hysterical.