My take is different.
I read the "INTC" comment as meaning they plan on displacing INTC's role in electronics with a similar role in photonics which is the future of datacom and computer processing.
So INTC was probably the LSS and remember that LWLG took the added step of slowing down cooperation so that they could compete with INTC offering similar product sales in parallel.
The current letter no longer mentions an LSS and so I have to think that at some point LWLG felt that it was better to proceed without the LSS either because the LSS was slowing them down or that the built in conflict-of-interest was making the relationship problematic. If the relationship is dead, LWLG probably used their name as a shot across the bow to show them that they will do this without their help.
Note, this is all a WAG and I could be very wrong about any or all of this. I really have no idea how any of this went down or will unfold going forward.
Anyone want to guess how long between LWLG's first market-ready prototype and first reported quarter product sales revenue?
I will not be attending the investor meeting but will follow news and this board carefully. I do insist that we need more of an update on the UCB/BNS/DOD LADAR work and a little more color on where it fits with the optical correlator and how either or both projects will impact LWLG financially and otherwise (if at all). Someone please bring this up at the Q&A if you are going.
BOL to all of us struggling longs,
-WISEGUY
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