Lightwave Logic Inc (LWLG)

[tedpeele]

While not a scam I think management has kept shareholders in the dark while benefiting financially, and significantly so.

Directors made millions on their share sales while investors scratched their heads in early 2022.

The top two paid themselves $5.2m while investors scratched their heads.

Dr Lebby bought only 1000 shares with his bonus while Marcelli bought a $2m house with cash while investors scratched their heads.

Over $112 million dollars has been put into 'research' with only a dozen or so employees over the last decade, with hopes and expectations for revenues nearly every year while investors scratched their heads.

Shares outstanding went from 40 million to 114 million and the price has gyrated from 25 cents to $20 and back down to $4 while investors scratched their heads.

Index funds bought as they would any newcomer to the Nasdaq having their market cap, and then shorts came in at the inflated levels and when scathing research was reported while investors scratched their heads.

Dr Lebby reports at conference after conference providing titillating information that dances around and obfuscates the true technological status and problems they encounter while investors scratch their heads.

These things are NOT 'superficial nonsense'. They are serious observations that reasonable and level-headed people recognize as problems with company communcation and management greed. Whether that means it is a scam or not is anyone's guess but I think at the least this is a FAKE IT TILL YOU MAKE IT company that is VERY shareholder unfriendly, and I've long been a huge supporter of shareholder rights and transparency.