Replies to post #24672 on Lightwave Logic Inc (LWLG)

[inversor86]

The company would be better served setting up an ATM and issuing shares directly at the actual trading price.

[inversor86]

As far as I can tell it is not an offering but rather an adjustment to how many shares LPC could get. I'm in Boulder and working from a cell phone. They filed something like this one year ago I believe. The price is set at a Max of .75 which reads poorly. No management in their right mind would sell shares that cheap while the stock is trading 100% higher. I don't believe that is even legal. Two quotes from the filing

The offering price has been estimated solely for the purpose of computing the amount of the registration fee in accordance with Rule 457(c) under the Securities Act. The price per share and aggregate offering price are based on the average of the high and low sales prices of the registrant’s common stock on April 17, 2017, as reported on the OTC Markets (OTCQB).


The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission becomes effective. This prospectus is not an offer to sell these securities and we are not soliciting offers to buy these securities in any state where the offer or sale is not permitted.

[inversor86]

Talking to Steve C right now. This is an annual filing/update there is no placement.