If anyone really followed this company from the beginning they would know Fred Goetz initially was funded by the DOD to develop the polymer. DOD dropped the program and Fred continued on his own. Started his own company PSI TEC then TDON now LWLG. They stopped their relationship with the DOD around 20 years ago. When Zelibor became CEO government contract speculation was thrown around but nothing developed
I believe the reasons I mentioned in my post are relevant but not gullible newbies running to buy stock in Lightwave. As I said, the majority of heavily shorted stocks have recently done well so I believe it is largely due to changing sentiment in the market. Several people including myself and especially you pointed out there are likely flaws in the the answers Google Bard gave so there is a need to be cautious. I don't agree that LWLG belongs in the penny stock category where pump and dump schemes can drive the price up and down dramatically. The company has much more credibility as a viable company than those you are suggesting. Most pump and dump schemes arise in companies hardly anyone knows or cares about. People buying such a stock do so with small amounts of money they can afford like buying a lottery ticket. The money involved would not move the price of this stock much if at all. The shareholder base between long term holders of LWLG and funds offers stability for the price. The long term price decline has been due to macroeconomic factors for over a year and the rising short selling due to the risk off environment.
The stock price will go up on real news worthy enough to bring in shareholders and lead to short sellers covering their positions. If they were smart they have started to do so in anticipation of the news.
Retail is only 22-23% of total volume, at most....
It's fact that there was no significant shorting in this stock until the institutions started buying in and loaning out their shares. Retail is NOT a significant factor here.