I remember this same lecture from a year ago about how shorts were totally screwed because LWLG is a "sunrise business." The reality - again, proven by easily accessible facts - is that the shorts made money hand over fist in 2022 because LWLG was unable to deliver any news or developments that the market liked. The stock will likely get killed by shorts again in 2023 if LWLG continues to issue meaningless press releases like "Lebby is presenting at the blah blah blah conference" or "LWLG announces that it is excited to be on track towards further improving its platform".
"Lebby does need to close a deal though."
That last sentence is the most accurate and the only one that matters. And right now there are no signs that LWLG is anywhere close to a deal.
X, Short Interest beginning 2022 was only 4.4 million shares, it means that Shorts have been borrowing & selling an additional 1.3 million shares EVERY MONTH on average during 2022!!!! They have dug a very deep hole now!!!
here are some FACTS about LWLG and the Nasdaq in 2022
LWLG - on Jan 4th 2022 LWLG started the year at the high point of $17 which was coming off the incredible run in mid-2021 from 70 cents to $20 (2800% increase or 28 bagger), and by the end of Jan 2022 LWLG had droppped all the way back to a low of $6
LWLG had a Short Interest entering 2022 at only 4 million share and the latest Short Interest reported was over 18 million shares end of Nov 2022 and because we have paid subscription information we already know the Short Interest has ballooned to 20 million shares this week as Shorts desperately work to suppress the price they actually Shorted another 2 million shares, and the Days to Cover has now ballooned to 36 days!!!
Nasdaq began the year 2022 at it's peak of about 16,000 and is close to it's 2022 low of 10,000, from top to bottom in 2022 the Nasdaq dropped a whopping 40% and let's keep in mind that LWLG is a High Beta stock with a large and growing number of Institutional shares being held, so being High Beta it amplfies the Nasdaq moves
Ok, so to summarize, it is NOT SURPRISING to have LWLG trading down from the beginning of 2022 for the following reasons
1) an incredible stinky Nasdaq in 2022 moving down 40% top/bottom
2) an increase in LWLG Short Interest from 4 million shares to 20 million shares, and keep in mind that the ACTUAL SHARES OUTSTANDING OF LWLG are around 100 million so the Short Interest is like adding 20% more FAKE SHARES to the float/market
Bottom line is that LWLG development performance has been outstanding and they are MEETING & EXCEEDING ALL GOALS and investors have been told they are on track to meet ALL THE 12 MONTH GOALS set out at the May 2022 ASM, here those are,
(1) Alpha Prototypes built in foundries >>> 2H22 (2) Beta Prototypes >>> 2H22/1H23 (3) Licensing Agreement >>> 2H22/1H23 (4) Tech Transfer Agreement with Foundries >>> 1H23
Please keep in my that the Licensing Agreement and Tech Transfer Agreement are for MASS COMMERCIALIZATION of a truly DISRUPTIVE technology the Industry has been trying to accomplish for 40 years!!!
The TAM today is $20 Billion and LWLG costs are almost nothing!!!
The Polmer is a dye, and about an ounce or two can coat up to 10,000 devices, so just ONE GALLON can make a MILLION DEVICES!!!!
Do the math and you will see that PPS easily can be $100, here
Strategy, IMO, was for some institutions to buy shares and loan them to shorts in order to manipulate the stock. Both stockholders and institutions knew the company was closing in on commercialization so stockholders wouldn't sell cheap and institutions were desperate to get a toehold.
THAT is why the price spiked.
It shows that institutions had to pay dearly for that first 1.5 million and participated in the run up. The chart shows a surge of BUYING - not SELLING.
Quarterly institutional interest.
June 30, 2021 383,488 0.34% (ex 13D/G) Sept. 30, 2021 1,572,492 - 1.39% 4x Dec 31, 2021 10,650,274 - 9.44% 6.75x March 30, 2022 16,023,079 - 14.20% 1.5x June 30, 2022 25,953,669 - 23.00% 1.5x Sept 30, 2022 26,398,135 - 23.39% 1.017x (note that stock price went to 12 to get this small increase in September)
There are currently 19.3 Million shorts and at this price I don’t think the shorts will be shorting into this very much because the risk/timing is just too great.
Are you now saying to us that shorts are bad?
_________________________________________________________________________ "Do you guys literally not understand that you can purchase more shares when the price drops? Do really want to own less shares than more shares? Over the long haul the shorts providing discounted shares is of benefit to the longs that are buying them."
Apologies if you have explained this before, but is that an institutional standard to achieve 50% and are you saying that target is meant to be reached before a company starts producing news that elevates its stock price? Thanks, x Mike