Replies to post #207870 on Lightwave Logic Inc (LWLG)

[prototype_101]

Marco said, It was time to make a strategic change Exactly 100% correct, Lebby masterminded the entire process of getting LWLG on the Industry Roadmap, to advancing the technology to the world class performance and record setting technology that all the Tier 1's were clamoring over at OFC in 2024 that led Lebby to his shift to ONLY the Tier 1's which in retrospect is likely the only reason he didn't meet his one and only long-standing TImeline first set out at least 6-7 years ago, but investors learned that Lebby was working Commercial Agreements with Tier 1's on 3 Continents and had working PDK's producing Wafers at perhaps 6-12 Foundries including the one announced Foundry, AMF, producing on large 200mm Wafers to support millions of units, something Tier 1's require which is why TFLN won't win, they are stuck producing on smaller Wafers for the next 3 or more years!!! (and their Yields are relatively low learned from the Safe Capital meeting)!!

Lebby's departure was a BUSINESS STRATEGY decision because Lebby was being TOO STUBBORN on the deal making, so now the BOD installed a true seasoned DEAL MAKER but Shorts continue to post any false narrative they can to get Longs to sell their shares

I believe MrLWLG's post summarizes this well, here

There appears to be significant internal disagreement within the organization regarding the company's future direction and strategies. While Lebby's exit might have been planned for the longer term, the sudden turn of events and the lack of a prepared PR statement suggest a heated dispute, culminating in the immediate end of Lebby's CEO tenure. A possible scenario could be that the Tier 1 company has analyzed and integrated all test results of the PIC, and these results, as shown in LWLG's slides, have proven to be superior to competitors. One of the largest transceiver companies might now be pushing for exclusivity over LWLG's technology, potentially presenting an acquisition offer. A strategic decision by LeMaitre, Connelly, and other board members might deem such an offer irresistible. To put it bluntly, we know Marcelli is motivated by bonuses and likely wants to capitalize, just like other aging board members. Lebby, on the other hand, wants ubiquity for the technology, likely leading to a significant dispute and an abrupt one-against-all scenario, with his sudden departure as the result.

LeMaitre's initial communications indicate an acceleration in deal-making timelines.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175522421

from Dec 4th 2023 letter to now, here's what happened,

Lebby never lied in regard to the stated intentions of the Dec 4th, 2023 shareholder letter as Shorts here have continued to try and push this false narrative!!

Excerpt from the Dec 4th 2023 letter, Lebby said

In addition to this first licensee, we continue to receive strong interest from other potential customers in our innovative device platform and licensing our technologies. We are working hard to close additional commercial agreements by year end, but since, these are long deliberate processes, we can't guarantee that we will do so. We are presently working with a wide spectrum of companies including multinational tier-1 corporations which manufacture data communications network equipment

https://s3.amazonaws.com/b2icontent.irpass.cc/2586/rl128870.pdf

LWLG had a breakthrough in Jan/Feb 2024 with success on 200gbs modulators on 200mm Wafers at AMF which they got overwhelming interest from Tier 1s from Demo's done at OFC in March 2024, so they ditched the advanced negotiations with the Tier 2s they were dealing with that related back to the December 4th 2023 letter which indicated they were closing in on deals, what investors didn't piece together was that these were deals that could be supported by production on 150mm Wafers; these were not the Tier 1s which aren't interested in dealing with a company unless it can scale its volume to meet HVP needs, ie millions of units, which is what production on 200mm Wafers is capable of doing!!

First Quarter 2024 and Subsequent Company Highlights:
- Over 20 major corporations have viewed Lightwave Logic's technology demo of our polymer modulators with worldclass performance of 200Gbps at 1V drive voltage.
- Provided details on how polymer modulators are now being fabricated on standard industry 200mm silicon wafers at a commercial silicon foundry

https://s3.amazonaws.com/b2icontent.irpass.cc/2586/rl134093.pdf

Bottom line, Lebby never lied in the Dec 4th 2023 shareholder letter, but what he did do was pivot his strategy in the 1st Quarter of 2024 from focusing on the Tier 2s to focusing on the Tier 1s, and because of limited resources he could not do both, and he chose the Tier 1s for obvious reasons in pursuit of Ubiquity, but that was at the cost of a lengthened Timeline

And now couple that with these excerpts of what Lebby said to the Benzinga (Nov 14th 2024) question on the commercialization status,

we've had a lot of interest from Tier 1 companies since then, I've given a few talks and a few updates, but what I can say today is that we have deepening relationships with these folks, and they are not just in the U.S., they are in Europe, as well as in Asia, and so this is interest level, these companies include some of the world's biggest Transceiver component manufacturers

we've been in deep discussions with this, and I'm working very very hard to put together Commercial Agreements on that, and this is something that I've indicated to our shareholders that is taking a little longer than it was expected, but it's also really exciting because now you can start thinking about the scale of our technology, so this is happening and I'm working really hard on it

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175387701

Lebby has the LWLG technology 100% ready for the Mass Commercialization TODAY, that is the ONLY reason the BOD could choose to let him go because they disagreed with Lebby's "business strategy"!!! Lebby told investors he wasn't "going to leave anything on the table" when it came to the deals, that was why the deals were taking so long, Labby was being stubborn and not willing to make concessions or give "first mover advantages" or "limited exclusivity"

Ultimately that is why Yves was brought in to fulfill the deal making role!!!

The technology is 100% ready for the Mass Commercialization!!!!

ASM Slide 29 was COLOR CODED and it showed that the 4x200 PIC and Packaging were "In Qualifications" as of May 2024
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175536533

And from the Lebby Podcast interview December 2024 investors learned that in Tier 1's Qualifications of the 4x200 are going EXTREMELY WELL, in fact Lebby was quoted as saying "trying to really understand how robust this material is, and actually we've been positively surprised, this is more robust than we expected"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175537540

I believe Lebby was too stubborn on getting the deals, plus I'll bet any money he ditched the Tier 2's that he could have closed in Mar-Sep 2024 after the Tier 1's interest swamped him at the OFC in Mar 2024, he would have been smarter not to switch horses mid-stream and closed the smaller deals, and prioritize the Tier 1's as best he could behind the existing smaller company deals

Yves was not brought in to advance the technology, he was brought in to get the deals done, even Lebby said that Yves has more/better access to the c-suite corner offices than himself

[Lurker3]

Michael Lebby is a perfectionist

No he isnt.

[WooptdooU]

You give that balheaded (his word), MISGUIDER (my word), LET GO, X-ceo...too much credit...he basically failed! Cost huge cash for basically ZERO SALES....can you spell NOT SO EXPERT WITNESS TYPE? K&Lgates will wonder about his abilities?

Take a HIKE, MIKE...

[mattymatt66]

No. Lebby was proven to be a very good scientist, yet a failed CEO. I appreciate all he did for us. But he promised too much to people that believed in him, the failed to deliver. And that cost him his job. And, alot of credibility.