Replies to post #91149 on Lightwave Logic Inc (LWLG)

[yanquitrader]

Richard, you are a treasure!

[GhostsOfLumera]

“When it starts to roll, it’s gonna roll.“ -JM

[Lewrock]

The company should have close to $35 million in cash at the end of last year. One of the goals outlined in the 2021 ASM presentation was 1) commercial agreement and 2) getting on a customer’s preferred vendor list. So, of course, we should expect revenue this year and that should start by the 2022 ASM.

Barring another patent announcement or a new hire, the next press release should be a joint PR announcing a partnership.

[dude abides]

Also of note they changed the vesting of the options Lebby and Marcelli received.

Here's the language from last year:

"Additionally, the Board of Directors granted Dr. Lebby an option to purchase up to 250,000 shares of Company common stock at an exercise price equal to $1.60 per share, which shall be issued from the Company’s 2016 Equity Incentive Plan. The options vest quarterly over two years in equal installments of 31,250 shares per quarter beginning on May 1, 2021. The options expire on April 18, 2031."

So Lebbys not fully vested in his 2021 options until May of 2023.

For this year check the language:

"Dr. Lebby was also granted an option to purchase up to 100,000 shares of Company common stock at an exercise price equal to $9.65 per share. The options vest in 12 equal monthly installments over a period of 12 months, with first installments vesting January 31, 2022. The options expire on January 17, 2032."

Another nice tell. They will be fully vested in this years gift before last years - I wonder why that might be important :)

[F2]

Richard, that’s a GREAT find. I saw it (but wasn’t bright enough) to digest the significance of it. So many ‘tells’ that the company believes in themselves going forward. This is a huge tell. Thanks for pointing it out for the full and slow to see…

A side note, I have had a time watching the drop, but wouldn’t permit myself to log in to any of my accounts lest I do something I would regret after 15 years. No stop losses, no stupid moves. I will hold all my shares to the end. A lot of capitulation perhaps, but if there is more in store, it simply won’t be with my shares…

Hang in their longs, first agreement and we are up 5-10 times here in no time. That’s why I wouldn’t short this … I get the institutional side to this… I will let them play with it…

F2

[Ehv]

Or a bonus for revenues from the LPC agreement ;)

[Ned4Flanders]

You never miss a thing do you Richard? Thanks, thanks and thanks!

[noblynx]

I'm thrilled about the indemnification agreement as well, in fact. The way I read it, Lebby and Marcelli are now free to sue the Great Pumpkin for slander - at company expense. I'm fine with "chipping in" for that.

Imagine the court reporter sketches. Someone here up for the job?

(Such a case was actually successful in Canada, btw - an "anonymous poster" on a message board for Theralase Technologies was identified and nailed hard / fined heavily for the same kind of "SCAM!" accusations that were deemed harmful to the company. It was wonderful!)

Then there could be a few others hauled in... TBD second in line... maybe even right on down to the one who just called them "scumbags" here. (Oh... a toddler, that's right - maybe not down that far.)

[Egidio77]

SEC Filing. 8-k

It is interesting to read all of the definitions included under the indemnification section. Im sure it is all procedural but it would lay out the clear definitions for a merger, acquisition or consolidation.


https://dd7pmep5szm19.cloudfront.net/2586/0001553350-22-000046.htm


Definitions. For purposes of this Agreement, the following terms shall have the following meanings:

(a) "Beneficial Owner" has the meaning given to the term "beneficial owner" in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

(b) "Change in Control" means the occurrence after the date of this Agreement of any of the following events:

(i) any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 20% or more of the Company's then outstanding Voting Securities unless the change in relative Beneficial Ownership of the Company's securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors;

(ii) the consummation of a reorganization, merger or consolidation, unless immediately following such reorganization, merger or consolidation, all of the Beneficial Owners of the Voting Securities of the Company immediately prior to such transaction beneficially own, directly or indirectly, more than 50% of the combined voting power of the outstanding Voting Securities of the entity resulting from such transaction;

(iii) during any period of two consecutive years, not including any period prior to the execution of this Agreement, individuals who at the beginning of such period constituted the Board (including for this purpose any new directors whose election by the Board or nomination for election by the Company's stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved) cease for any reason to constitute at least a majority of the Board; or

(iv) the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company's assets.