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Re: Scope08 post# 8878

Thursday, 12/05/2013 8:48:48 PM

Thursday, December 05, 2013 8:48:48 PM

Post# of 195986
Scope,

Yes, the LSS is on hold. My understanding from prior shareholder communications was that everthing else was on HOLD because the LSS was LWLG's BIG priority. Now the opposite is true but the NEW priorities are only priorities by default. Apparently, LWLG hit most of the LSS's parameters but did not pass the final hurdles. Just listen to the cc and you can tell Tom, Lou and Jim sound dejected and somewhat distraught. Their attitude is a far cry from the last several conference calls/ASM. I give them credit for being forthright regarding the situation.

Scope, I know you are a relative newcomer to this company. However, many of us longtimers have been down this road too many times before. We can cite a litany of failures and missed opportunities. Remember Phil Smith's "rocket on a launchpad" presentation. And didn't Lou Bintz say "we hold all the cards" to a crucial aspect of what the LSS was developing (this was said this year). I am starting to wonder if BSmith knew much more than we gave him credit for (including his insights on Greenlee).

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