I have a lot of empathy for you early investors that have held on for so long. I understand why you look at it so differently than us newer investors. Dr. Lebby is the only CEO the company has had since I have owned the stock.
All the positive items in the December 4 letter about how close they are to signing more licenses and all the interest from potential customers etc. means nothing to you, as you have evidently heard it all before, and you just don’t believe it.
Something for you to consider that is different now than many years ago is now the technology is needed. I don’t know what they were going to use the early versions of the polymer for and who they were unsuccessful marketing to, but now we all know data centers can use 3x faster, 10x less power modulators. Lightwave now has these modulators and has been developing and patenting the process to mass produce them. 20 years ago, and even 10 years ago these improved modulators were not needed.
I believe you asked in a previous post about Lightwave putting out a press release about their reliability and stability testing. I believe the better format for reporting that data exists on their website under technical presentations and white papers. If you look at the October and November presentations, you will see the information about the testing. This is something the old polymers certainly did not have, proof of long term reliability and stability. From what I understand in my time here, the photonics industry did not believe polymer were either.
I believe Dr. Lebby has moved this company from going nowhere to the beginnings of commercialization. In my time here they have steadily improved the Perkinamine, they have created foundry produced modulators, they have provided proof of reliability and stability, and protected their creations with patents. They also now have a signed customer license.
I will not only feel good for myself when the contracts prove they are going to make money, but I will feel good for all the long timers that waited it out.