Lightwave Logic Inc (LWLG)

[x993231]

That was something that Z mentioned that I thought everyone understood. No the BOD only has options not outright shares and the options are only in the money when and if they get the share price up above their option price. Look at the form 3’s and 4’s you will see the price of their options; the last time I looked I think the average was about $1.25. Raj has a Stock Option (Right to Buy) 200,000 shares at .93 cents. OK I thought most knew this, so let’s say down the road Raj cashes in his option for $4.93. he gets 200,000 times everything over .93 cents or $4.00 or $800,000, the first .93 cents of each share goes back to the company and into Lightaves checking account, if he sells at $1.00 he makes $14,000 for his troubles and Lightwave makes $186,000 off him. These guys only make money IF we make money. Their goals are perfectly aligned with ours. If you will look you will see that many companies do not do it the same way and price the options dirt cheap (basically free unearned money). These guys see the potential here. Oh don’t get me wrong he may get a stipend for attending a meeting and of course his expenses would be covered. Oh I didn’t look but typically they vest over time so if you leave early like Smith did you lose what you haven’t earned. Remember Phil wanted his last years options for free and he was turned down by the board. Whoever said it the other day, while yes many of these guys know each other this is not the good Ol Boy thing that you see at many companies, giving away shares that were not earned.


Qtera was only 18 Months old and was working on its third round of financing when four large telecommunications companies started talking to Qtera about a possible deal, Diner said. "We weren't looking to sell the company," I’m not sure about his compensation but I’d bet that Product Architect & Vice President came with options that were cashed in. I’m assuming that everyone looks at what Rajs current company does. I’d also say that going forward there some sort of collaboration with them.

As for Leonberger not taking a BOD slot you are probably right he is content without those responsibilities that come with a BOD position however he is an Advisor to them, IMO the best of both worlds, and yes it looks like he is the one that brought in Raj., Geez I wonder why?