This is in reference to Inversors question as to why Leonberger does not buy on the open market.
In the past when I really really questioned the company hard about something and pushed for an answer their response was that if you really want to see that then you will need to sign a Non Disclosure Form and once you sign the NDA “you will not be able to trade the stock, do you really want to do that?”.
Honestly I’m not sure who brought in Fred Leonberger, more than likely it was either Miller, Turpin or Fasick, I don’t know, somehow he found out about Lightwaves Perkinamine. OK so Fred is asked to take a look at this technology (sign an NDA) then low and behold (just as nearly every Homerun hitter they tip their hand to) he decides to become an advisor to the company and as such knows what is going on in the background. They have been working with a Large System Supplier a Fortune 100 Company for I think about 3 years now so he’d be aware of that AND they are not allowed to disclose who it is to the public, knowledge of who that is IMO must be the inside information that is preventing him from trading, I’m not an attorney but common sense would dictate that it is. So I’d guess that as long as these guys know the details of that, IMO buying it would be insider trading. Z did say that they are trying to set up a way for these guys to trade the stock, I’m not sure what he meant by that but perhaps there is a way they can do it. One time in my travels I meet an Electro Optic Polymer scientist type that worked for Dow or Dow Corning and I was talking about the Lightwaves Perkinamine and when I mentioned Fred Leonberger he took a step back and said “WOW” and something to the effect that I do not understand the significance, the respect that Leonberger has in that community, both political and commercial . Oh and by the way after researching what Lightwave has he did in fact buy stock in the company. (Oh and for you Gig types when I mentioned Larry Dalton and the Lumera molecule, he said that he knows Larry and that,,,,,, ah never mind, the Gig clowns will think that I’m bashing) Anyhow when I asked the guy questions about the science (his English was bad and he was talking over my head) he would go get books and bring them to me, he was trying to become my buddy I guess, anyhow he’s gone by the wayside but I did bounce quite a few hypothetical’s off him, just not my cup of rice. The bottom line is that he became an investor.
So I think the short answer to your question is insider information is the reason. The bottom line is that Tom Zelibor is a formal Admiral, he will tell you straight up that he is managing this in a very conservative fashion and that he refuses to succumb to pressure by investors to move forward on the Public relations front until the science is ready.
Well guys this is what he said "With many positive developments in progress, I strongly believe now is the time to present the investment thesis to select institutional investors.” And "We have a compelling story as we approach an outstanding opportunity to penetrate enormous markets desperate for solutions to increase bandwidth while at the same time, lowering costs. Institutional investors need to be made aware of organic, nonlinear electro-optical polymers and the future of organics in the electro-optic device markets."
This science is VERY deep, it took me years to understand.
The majorities guys in this company are some of the most knowledgeable in the world in this field, shoot Joe Miller the Senior Vice President and CTO the man credited with saving Corning glass is here, when the time is right he can demand an audience with almost any CEO in the world. I sat behind him at the shareholders meeting and when Zelibor said that Miller and Leonberger were here because they believe in this science and see something in it he (very, very subtly) nodded his head. I’m probably the only one that noticed, it is that and words like “our” used by Leonberger that are important to pick up on. Oh and Fasick, now Fasick is the guy that has IMO gave this whole companpy credibility, I’ve meet numerous people that worked for him when he was the V.P. at Dupont that knew him for 20 or 30 years when asked about him could not speak more highly about an individual. This science is Very, Very, Very difficult to understand, geez I think Fasick looked at it for a year or 2 prior to lending his name to it. So you either believe them or you don’t, not sure how I got off on that tangent but some day this Ponz guy that posts under many names is going to be kicking himself for trying to discredit this, make up things about me (which I find amusing) and trying to somehow trash the Goetzs and this company, the only reason that I can come up with is that I was right years ago, I make one post that turns out to be correct and he flips out for months (I live rent free in that boys head), he doesn’t say that I was right that (Gig) stock has been one of the worst investments I’ve ever seen, but they persist. Just looked Ponz is up first thing Saturday morning posting on a Lightwave Logic board, LOL. Honestly Ponz, I’m just a normal dude. Most of the gang here has met me, but I guess the internet has given folks, I don’t know something weird to hide behind, I’d say that he’ll be disappearing in a few months and reinventing himself as a long here, and as Forest Gump would say, "that is about all I’ve got to say about that". And no Ponzi I’m not going to spend all day playing on here, I’ve got about 3 or 4 cord of wood to bring in for the winter.
Good question though Inversor, hey why don’t you call Steve Cordovano and ask him it what I’ve said about insider knowledge preventing them from buying is true.
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