Lightwave Logic Inc (LWLG)

[tedpeele]

KCC, your honest admission and dirty perspectives that remain on several issues:

And yes, I was pushing for info from you because the low info crowd is being fed slop about readiness - and you yourself have repeated some comments from the engineer as well as Dr Lebby that give the wrong impression re readiness.

1. First - my question as to what is truly commercially ready now and what isn't.

You verified that they aren't commercially ready on the tech that people are here for. That's huge and I'll bet if I had said it half the people here would call me a liar. Individual modulators and materials alone aren't valuable. Maybe someday but they aren't close. It's the PIC/transceivers that could ramp up nicely and it isn't ready. As you just said clear as a bell.

Proto dishes out slop daily saying they are - by misleading with the 'we are commercially ready' messaging that doesn't apply to the high revenue potential products. Hopefully the low information crowd gets it finally. Integrity requires calling out those that mislead. I encourage you to do so more often than you do because (apparently) you are one of the few that can see through it.

2. You recently validated my immediate claim that Marcelli was the mystery 'high executive'. I can only wonder what Dr Lebby was thinking when he laughed when you told him what he said. It's disappointing that after the things you have said about your own lack of trust in him that you still shared the carrot with investors. Integrity comes to mind once again. Rememer my 10th prediction? We'll see.

3. At least twice now you have responded to my claim of only one 200mm wafer foundry to say there is more than one foundry without addressing the wafer size. Why do you do that? Careless or disingenuous? There has been no evidence of more than one foundry sending 200mm wafers, and Dr Lebby strongly implied AMF is the only one in an interview, and common sense supports it based on how/when it was reported. Concurrent runs from AMF can explain multiple 200mm wafers at the lab when you were there.

4. You are wrong to deny that the company said commercialization had begun in ASM 2021, so I have to call you out on that one as well, as the facts are clear and anybody can verify from the video presentation on YouTube.

You wrote:

ASM 2021 did not say commercialization had begun

This is demonstratably false.

Actual quotes from the ASM 2021:

16:08

We've been commercializing this.

18:56

Our portfolio of partners continues to increase as we get deeper into the commercialization process.

24:00

..our focus on deeper commercialization with selected customers.

24:40

[Question]:Do you have revenue guidance for 2021/2?
[Answer]: We have internal models however we are not ready to provide guidance. [imo this was misleading: their internal models surely didn't include any meaningful revenue for either 2021 or 2022.

26:00

[Question - point blank]:When will this technology be commercialized?
[Answer]:It's already in the commercialization phase and we are prototyping.

27:46

Our polymer business is being commercialized.

It's clear as a bell: They did say that commercializtion had already begun. The company has been talking about already commercializing or being 'ready for commercialization", or being in the 'commercialization process or phase" for years, including during the 2021 ASM. Even worse, the ASM 2021 led investors to believe that products were on the verge of being ordered for manufacture and mass commercialization - clearly supported with both Dr Lebby's words and tone throughout the entire presentation. While it was positive that they moved into foundries, the presentation now should be an embarrassment to the company and those that continue to defend it.

The question is why do you and other continue to stubbornly give them a pass on that? Facts are facts. Check them out yourself.