Inverso86,
Actually, my purchased averaged basis turned out to be under a penny although my bid was $0.011. I really don't understand the trading dynamics. I only have 100K shares so this was just silly money and I did nearly no DD on the stock. I will look for an opportunity to exit but I do think its possible the stock rises significantly if management can ultimately return to profitability. We all have outsized opinions of our abilities but after a good 20+ years in the markets, I am more convinced than ever that market investment/trading success in the market is determined more often by luck much more than skill.
LWLG seems like such a gem. I am not that well connected with the industry. However, Intuition informs me that LWLG's "driverless" innovation has got to be so absolutely transformative to the networking/database industry that I get a bit giddy just contemplating it, and that is not even talking about what Perkinamine should be able to accomplish above and beyond legacy materials. Its just disturbing to me that even though LWLG, has appeared so incredibly promising to me, and remains the company I have had the most enthusiasm for over these last two decades, has disappointed me again and again and again. Feels like an eternity, here we are in our second economic collapse in 10-12 years and I am watching LWLG trade as if it is grass growing or pain drying. One day though all the stars will properly align and LWLG will be off to the races to conquer the world.
Hope springs eternal,
-WISEGUY
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