LR, Lightwave isn't deceiving the industry - scamming the retail investor doesn't require scamming the industry. It's not even clear that the industry cares that much about what Lightwave is doing. As I said, previously, a well-connected industry insider told me that an optical circles Lightwave’s name and polymers are rarely even mentioned The fact that they are in conferences etc... only shows that those who put on the conferences are glad to have the participation for their paying members.
You mentioned their sharing the updated lifetime and reliability data and point to the fact that noone in the industry has challenged the results of that data.
Dr Lebby himself told us in March that the people looking at the data want to see more data - that they aren't satisfied.
A perfect scam is one in which the reality is far different than the appearance. That doesn't mean they aren't doing real science and sharing real data - but I"ve pointed out for over a year now that the company doesn't tell us what the 'industry' is requiring/requesting/wanting to see that they haven't showed them.
Turn it around - if their data was mind-blowing and near proximity to scalability - then why is NOBODY else in the industry saying so?
Your #15 fails the scam test:
Once again, Lightwave may be the perfect scam:
1. The vision: Find a niche within a technology that few people in the world understand and that will require development for decades to come: polymers within photonics
2. Initially raise money from private investors and go public on the US over the counter market
3. Once public find a financier willing to support you as long as they can sell their shares to retail regularly: LPC
4. Cultivate a shareholder base that will not only regularly buy up the financier shares but will also spread the hopes and dreams daily on public forums to keep the cycle going year after year
5. Hire a 'visionary' CEO who loves to dream big and to keep the dream alive for shareholders no matter what the reality is. Add several directors with successul pasts, and PHD scientists to give credibility to the dream.
6. Hint that your technology is known by the largest companies in the world who are sworn to secrecy under NDA agreements.
7. Never threaten the money flow by revealing the magnitude of the obstacles and hurdles
8. Always lead the public to believe in near term massive commercialization deals with large entities no matter how far away it really is. Put out press releases and file patents on every development to keep excitement going. Rely as heavily as possible on using and being protected by Forward Looking Statements.
9. Keep investors guessing continually as to the true status of the technology by being vague about development, conflating your different product offerings, pushing only the positive. Don't be afraid to 'enable' your shareholders to spread exciting rumors..
10. Further enhance pubic perception by becoming more visible within organizations that are hungry for any and all promotion related to the far-reaching technology. Promote and advocate them, and they will promote and advocate for you in return.
11. Pump the stock so that it makes it to the Nasdaq to help give the appearance of credibility as large passive index funds buy your shares, so that can buy you several more years of development - and a windfall of large 'uplist' bonuses as well as increased salaries and share compensation awards. Don't be afraid to sell it by using words like 'ubiquity' and phrases like 'this is GREAT' and 'massive partners for massive commercialization'.
12. Pay other companies in the field to test out your technology and put the best spin on it as possible for your shareholders by calling the relationship a 'partnership'.
13. Hope to get lucky but rememer what got you to where you are: the naivety of the retail shareholder.
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