I can understand where you are coming from as it wasn't deep into detail going over how wrong they were. However they did also put in their PR;
"At the time of the misleading report's publication, Kerrisdale Capital declared that it held short positions and put options on Lightwave Logic's common stock. The misleading report is not an independent and disinterested report, its primary purpose is to devalue the Company's stock price in order for the short selling firm to profit at the expense of Lightwave Logic's shareholders."
With this statement you are clarifying why the price was declined and what the intentions of this report were. With this statement alone I do feel they handled it very graciously and professionally.
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