Replies to post #31358 on Lightwave Logic Inc (LWLG)

[236T568]

huh?

the LWLG stock price has now dropped to $1.34 and heading to below $1.00 in the near future as the Toxic Financing with Lincoln Park Capital continues

using Friday's 9/22/17 close of 1.53, and referring to the financing agreement with LPC, the company can sell up to 200,000 shares per day to LPC to raise capital for remainder 2018, this translates to about $300,000 per day currently, so to finance remainder of 2018 at the current burn rate of about $400k per month, it would take only 13 days, and the issuance of approx. 2.5 million shares, this is approx. additional 3% dilution

[236T568]

Well thanks for letting us know that LWLG will be completely out of cash in only a few months from now

CASH >> per 2nd quarter 10Q the cash position reported as of 6/30/2017 plus the subsequent cash raised will provide cash lasting through at least February 2018

[236T568]

Wow, just Wow!

So the stock price of LWLG, currently at $1.34, has DROPPED a whopping 60% from the high of $3.33 only a few years ago.

thanks for letting us know about this

not good

as the share price rises into the 2's and 3's and eclipses the 2012 high of 3.33, the dilution lessens, for example at 3.33, LWLG would only have to issue an additional 1.2 million shares to provide cash adequate to finance all of 2018, this is a mere 1.7% dilution