Lightwave Logic Inc (LWLG)

[tedpeele]

"TFLN isn't ready and Perkamine is better" is the basic narative response to Mark which follows the "announcement of a TIer1 partner -any day" following Antwerp.

The latter is just the same carrot they have dangled for 2 years now (really since ASM 2021)..

If the above are really true, then why does the industry favor TFLN? A former employee wrote of Hyperlight:

They went many steps further and released very promising products on the market and published multiple journal and conference papers. Again, however, they have not demonstrated any manufacturing advantages like scalability.

It appears the industry knows about TFLN (I mean Mark L did an entire presentation on it at OFC!) and is pretty much in the dark about Perkamine - and it appears that is because TFLN has been developed much further and exposed more more widely to the industry.

Is Perkamine really better? We see what the company wants us to see. Does the industry get to see what they ask for?

Speckie says reliability (then later added stability) is "not an issue" per Dr Lebby. That would be an SEC violation - as it directly contradicts a good faith interpretation of what he said in the 4th qtr commentary 2 months ago: Clearly SOMETHING re the technology was not proven - so it would still be an issue even if the company doesn't think it is. The company doesn't get to decide if something is an "issue" or not. The decision makers do.


TIMELINE EXPECTATIONS:

In addition to all of the above, the company also has a credibility problem with timeliness (always has), and yet they HAVE made it clear to not expect anything over the next 4-5 months while they are showing demos. What Tier1 is going to cut a deal when they don't even have a product to demo? Come on..

Further, any new Tier1s start back at the Dr Lebby's own 18 month funnel beginning point don't they?

No PIC and the word is it is "under construction". Come on Jeunke: "engineers working hard" doesn't mean deals. Engineers don't put together deals.

And increasingly 400g/lane is the new industry target for incorporating new materials it appears - bypassing 200g/lane anyway...inP still rules

Dr Lebby put on a good carrot dangling show at Antwerp and he'll do the same at ASM, but perhaps shareholders on this side of the ocean will be a bit less naive and really pin them down on the critical questions - and it's not just one or two like "are you on track?"