I agree 100%. The 8k had me scared until I read the strike price of $1.75. Clearly the Admiral must have liked what he saw.
I take the increase in BOD members from 4 to 6 as a bullish sign as well. Hopefully positive test results will be confirmed very soon, and we can get a better glimpse into LWLG's plan to commercialize their products moving forward. I figure that's why they hired on someone with connections: they have the goods, now they need the delivery service.