Lightwave Logic Inc (LWLG)

[tedpeele]

MARCO, YOU JUST PERFECTLY ILLUSTRATED MY POINT WHEN YOU SAID THIS:

I do not see Dr. Lebby as utilizing obfuscation in order to purposely confuse and hide things.

Your viewpoint is comparable to KCC saying that he doesn't trust Mr Marcelli while in the same sentence repeating a super positive statement from him.

The signs of intentional obfuscation are numerous, as I showed in my list of 50 items.

The ONLY question is why?

1. Either they do that to keep investors buying up LPC shares so they can keep the doors open
or
2. They do that to keep the industry completely in the dark so they can surprise everyone.

The problem with #2 is it flies in the face of all of these presentations, articles, and papers that Dr Lebby utilizes as a way of spreading the message.

You are smart enough to know that if he REALLY wanted to spread the message he would answer the industry with irrefutable evidence, and not off-the-cuff statements about poling, or saying 'we got this'!

I NOTE TOO that you completely IGNORED the evidence I gave from ASM 2021 that DEMOLISHED your contention that 2024-2025 has been the big plan communicated by Dr Lebby all along. It is clear from 6-20 min into that presentation that Dr Lebby was giving the impression that MASSIVE commercialization should be expected by the end of 2021 or soon thereafter.

Serious investors aren’t lap dogs.

Here are a number of questions that intelligent longs just can't answer without twisting common sense into pretzels:


1. Why did the Dr Lebby lead investors to expect massive commercialization by year end 2021?

2. Why did the company include in their 10k 10 years in a row to expect commercialization by year end?

3. Why was Dr Lebby so wrong about multiple deals closing as soon as year end 2023?

4. Why would Dr Lebby NOT have known of reliability and scalability concerns by prospective customers as soon as discussions began (ie PRIOR TO the Dec 4 letter)?

5. Why doesn't Dr Lebby tell investors exactly what reliability or scalability is being required by customers, as well as how long it will take, if the truth is that the company has no doubt that they can demonstrate it?

6. Why didn't Dr Lebby tell investors in ASM 2021 that a PDK often takes 2 or 3 years instead of talking about "partnering for mass commercialization" and showing a slide with commercialization beginning in 2021?

7. Why doesn't Dr Lebby tell investors the actual reason(s) why no transceiver company has agreed to produce a demo for 800gpbs when THAT is what the industry is looking for?

8. Why did Dr Lebby say recently they would be showing their demo for the next 6 months? Why not 3 months? Or 12 months?

9. If they really have tested foundry produced modulators at 200gpbs per lane, why didn't he just say so in plain English?

10. Why didn't Dr Lebby ever mention ALD process needs earlier, or expain the delay they would bring to the process?

11. Why did they change wording from "we are implementing" to "we are planning to implement" 4 channel within one month of the 3rd qtr commentary - for
inclusion in the far more important annual shareholder letter?

12. Why does the industry continue to come up with new solutions years after the company says they have reached their limit?

13. Why has the company r&d for foundry work been so small if they are really gunning to change everything?

14. IF the recent news about 200gpb from Lightwave were really so great why has Synopsis post of it not generated a single comment? Synopsis is a photonics solutions company with over 10,000 employees.

15. Why didn't Dr Lebby say how consistent and good the yields are when he briefly mentioned their full poling results in the q&a at OFC?

16. Why has the company never directly announced a single major company partner?

17. Why did the company lead investors to believe they were "foundry ready" at ASM 2023 when not a single foundry had produced a 200mm wafer with their modulators on it yet, and apparently didn't for some 9 more months?

18. Why did they company REALLY refuse to discuss their annual goals at ASM 2023 in light of the above as well as the fact that they had not met the tech transfer license goal?

19. Why has the company never mentioned they have a commercial deal with Polariton?

20. Why doesn't the company allow a serious article by an analyst in order to drum up industry interest by giving them some sensible 3rd party validation?

21. Why hasn't Andy B still "updated his slide" after Dr Lebby suggested he could have done that 6 months ago?

22. Why is Thin film NB the talk of the town and nobody seems to talk about Perkamine?

23. Why is their only sales person working for 2 other companies if they really are ready for prime time sales?

24. Why is Marcelli saying Vanguard and Blackrock talking regularly with the company when they would have no incentive to do so?

25. Why does the 10k still say PDKs are in development at foundries and not indicate they now have any that are qualified and complete (ie both front and back end ready)?

26. Why has the stock done dramaticaliy worse than all comparable indexes that would include it?

27. Why did investors change from declaring that there is NO WAY the top 2 would each take $2.6m in cash bonuses if a deal wasn't right around the corner, to later saying they are ok with it when the company had still produced such little evidence of meaningful progress?

28. Why doesn't the company not tout world record performances on plasmonics and not using their own polymer modulators created in a foundry?

29. Why did the company say they had expanded into new warehouse space 8 months before they really did?

30. Why were shareholders light deer in the headlights when DIRECTORS ALL sold large share amounts in late 2021-early 2022 while shareholders were expecting "partnerships for mass commercialization" on any given day?

31. Why does the company keep their shareholders in the dark on the status of each of their 3 products, being extremely evasive about where foundry work stands and even how many foundries they are currently working with?

32. Why does the CEO spend all kinds of time traveling and staying in fine hotels instead of pounding the pavement to get those deals signed?

33. IF things are really going foward and so great, why are shareholders not seeing any sign whatsoever that anybody other than they are aware of it?