Lightwave Logic Inc (LWLG)

[tedpeele]

Is the message intentionally misleading? That's the question that all must ask if they want to have the proper perspective on Lightwave Logic.

Which, if any, of these messages was intentionally misleading because the company KNEW they would not happen?:

1. The 2021 ASM messaging re proximity to commercialization now that they had been working with foundries which had compatible PDKs and they were already in the commercialization process (his own words).

2. The 2022 ASM which listed 5 foundries and said to expect PDK results by year end without mentioning a "front-end" or "back-end" distinction.

3. The 2022 year end shareholder letter saying they were on-track to meet their goals by 2023 ASM and said they already had expanded into the new space even though it didn't happen for another 8 months

4. The 2023 ASM announcing their first deal, removing any need to account for the prior year goals (had they really been on track?), and setting production goals by the end of 2024, even though it turned out it would be another 8 months before one of the foundries would successfully fabricate a 200mm wafer (required for high volume to be possible)

5. The year end 2023 shareholder letter coming out early in December when the stock had been plummeting - announcing that deals were in progress and may happen as early as year end.

6. The revelation mid-year 2024 that despite previously explaining that reliability, scalability, and supply concerns were issues that were holding up deals the company had received new interest from Tier1s and therefore decided to focus on getting deals with them exclusively - thus muddying the waters re the real reason deals had not happened early in the year. And the removal of the production goals made in the prior year without any comment, while reaffirming timelines a week later after the price dropped.

These are all events under Dr Lebby's watch. When you add to it the way he and other insiders significantly benefitted financially from the market response to the wildly positive 2021 ASM and the long-standing history of the company leading shareholders to expect massive commercialization every single year, it increases the odds that something is askew and has been for a long time.

It only takes ONE betrayal of trust for many reasonable investors to wonder if the company can be trusted enough to invest hard earned money because of a serious credibility concern. How does one reasonably dismiss every single one of these?

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