Lightwave Logic Inc (LWLG)

[tedpeele]

Newcomers, the company has entered into what I called the “phase of disappointment” following a so-called “commercial acceptance” agreement announced on the very day of the annual shareholder meeting in front of frustrated shareholders. Unfortunately over four months later, nothing has come from that agreement to validate it.

The result has been a true loss of credibility, as it increasingly appears to have been a farcical announcement intended simply to appease the shareholders.

This may well be the “final phase of disappointment” as the company has put themselves in a precarious situation: more or less saying big developments are coming in 2023 and 2024. Well here we are with the so-called “cadence of catalysts” nowhere in sight and less than three months remaining to this year.

It is do or die time from a shareholder sentiment perspective.

Some think the stock has fallen enough. But for Pete’s sake, this company is valued still at over $400 million with almost nothing to show for it. It could fall much further. It could get very ugly. It could be really brutal.

The next 2 to 3 months matter greatly and by mid-year 2024 the verdict will be in IMO.

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