Take that one step further AB and you have who benefits the most from TFLN? The answer is CHINA. They control the vast majority of the material. Holding back LWLG's polymers would be to their advantage as it is a race for 1.6T. How much leverage would China have if TFLN became the major new material for advanced silicon photonics? The answer, PLENTY. Look what they have done with rare earths using them as a restriction that is affecting multiple critical industries, especially the military.
China has insinuated itself through proxies here in the U.S. and affects what is communicated and could be behind some of the trading practices of the shorts, again distancing themselves through proxies. China is developing its own polymers for silicon photonics and would like to catch up to and leapfrog LWLG. Like from the song, "I shot the Sheriff", kill it before it grows.
The only defense is the company succeeding. TZ promised more open communication this past January. So far, it is lacking. That could be very good or very bad depending on what comes out in the near future. Management will have to talk and answer questions next week.