Lightwave Logic Inc (LWLG)

[The Great Pumpkin]

Perplexity AI: Is lightwave logic a scam company?

Based on the search results provided, there are strong indications that Lightwave Logic (LWLG) may be a scam or highly questionable company:

- The company has been around since 1991 but has consistently reported zero revenue for at least the past 10 years, despite claiming to develop photonic devices and electro-optic polymers[1]. This raises serious doubts about their ability to commercialize any technology.

- Their main business appears to be selling shares to investors through constant promotional campaigns and press releases, rather than actual products or services[1].

- The massive 2,000%+ stock price increase in 2022 seems to be driven by stock promotion from a firm known for promoting penny stock scams, rather than any fundamental business progress[1].

- A hedge fund called Lincoln Park Capital has been involved in managed selling of LWLG shares, which is often associated with stock manipulation schemes[1].

- Independent research firms like White Diamond Research and Gold Panda Capital have published scathing reports calling out LWLG as a tiny, glorified science lab with no substance behind its extreme stock runup[1].

- While the company issues optimistic shareholder letters touting technological progress, there is no evidence of actual revenue generation or major customer adoption after decades of supposed development[2].

However, some investors argue that the lack of evidence disproving LWLG's technology means it cannot be definitively called a scam[4]. But the overwhelming evidence points to LWLG being an extremely risky and likely overhyped company at best, if not an outright scam enriching insiders through stock promotion while lacking a viable business[1][3].

Citations:
[1] https://www.reddit.com/r/wallstreetbets/comments/rfn1yq/puts_on_lwlg_hedge_fund_managed_share_selling/
[2] https://www.prnewswire.com/news-releases/lightwave-logic-issues-shareholder-letter-and-provides-corporate-update-301705656.html
[3] https://peabodystreet.substack.com/p/lightwave-logic-light-years-away/comments
[4] https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171962603
[5] https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-lightwave-logic-inc---lwlg-301581028.html