Lightwave Logic Inc (LWLG)

[tedpeele]

12 years in a row of predicting commercialization that never happened.

From 2008 through 2018 the company stated every year that they had an objective to commercialize their technology during that year. This is a HUGE RED FLAG given that during none of those years did they do so. It is very difficult to believe a company could continually miss yearly goals for that long of a time period. It is hard to believe it was not intentional, rather than continued poor planning. Either way it is a big blow to management credibility.

During 2 of those years Dr Lebby was a director and in the last year (wording for 2018) he was CEO.

https://www.sec.gov/Archives/edgar/data/1325964/000094344007000568/sept07-10q.txt (page 22)

Our cash requirements are expected to increase at a rate consistent with revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic plastic technology during 2008.

https://www.sec.gov/Archives/edgar/data/1325964/000094344009000293/form10k2008.htm (page 48)

We expect that we will incur in excess of $1,200,000 of expenditures over the next 12 months. Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic plastic technology during the latter portion of 2009.

https://www.sec.gov/Archives/edgar/data/1325964/000094344010000254/lwgl2009final_10k.htm (page 35)

Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic plastic technology during the latter portion of 2010.

https://www.sec.gov/Archives/edgar/data/1325964/000094344011000152/lwlg2010_10k.htm )[page 40)

Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic polymer technology during the latter portion of 2011.

https://www.sec.gov/Archives/edgar/data/1325964/000094344012000284/lwlg123111_10k.htm (page 46)

Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic polymer technology during 2012.

https://www.sec.gov/Archives/edgar/data/1325964/000094344013000360/lwlg123112_10k.htm (page 47)

We expect that we will incur approximately $3,000,000 of expenditures over the next 12 months. Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic polymer technology during 2013.

https://www.sec.gov/Archives/edgar/data/1325964/000155335014000315/lwlg_10k.htm (page 43)

We expect that we will incur approximately $3,240,000 of expenditures over the next 12 months. Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic polymer technology during 2014.

https://www.sec.gov/Archives/edgar/data/1325964/000155335015000254/lwlg_10k.htm (page 39)

We expect that we will incur approximately $3,500,000 of expenditures over the next 12 months. Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic polymer technology during 2015.

https://www.sec.gov/Archives/edgar/data/1325964/000155335016001731/lwlg_10k.htm (page 39)

We expect that we will incur approximately $3,540,000 of expenditures over the next 12 months. Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic polymer technology during 2016.

https://www.sec.gov/Archives/edgar/data/1325964/000155335017000281/lwlg_10k.htm (page 31)

We expect that we will incur approximately $3,960,000 of expenditures over the next 12 months. Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic polymer technology during 2017.

https://www.sec.gov/Archives/edgar/data/1325964/000155335018000222/lwlg_10k.htm (page 41)

We expect that we will incur approximately $475,000 of expenditures over the next 12 months. Our cash requirements are expected to increase at a rate consistent with the Company’s path to revenue growth as we expand our activities and operations with the objective of commercializing our electro-optic polymer technology during 2018.

AFTER 2018:

The company set commercialization (ie a deal announcement) during the 2021 ASM for the next 12 months. This was missed.

It again set one for the next 12 months. One the FINAL DAY they announced a PR commercial deal in which neither the company name, the kind of company, or any specific details were spelled out. as of 4 months later there has been no sign of any customers placing orders from that deal.