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inveterate

12/05/13 8:28 PM

#8879 RE: Scope08 #8878

Thank you, Scope, for your post. Did they explain what they mean by the "LSS kind of on hold"? Did they say how long this has been the case? Do you have any idea of what they consider to be "roadblock hurdlers"?

gatesoft55

12/05/13 8:48 PM

#8882 RE: Scope08 #8878

Scope,

Yes, the LSS is on hold. My understanding from prior shareholder communications was that everthing else was on HOLD because the LSS was LWLG's BIG priority. Now the opposite is true but the NEW priorities are only priorities by default. Apparently, LWLG hit most of the LSS's parameters but did not pass the final hurdles. Just listen to the cc and you can tell Tom, Lou and Jim sound dejected and somewhat distraught. Their attitude is a far cry from the last several conference calls/ASM. I give them credit for being forthright regarding the situation.

Scope, I know you are a relative newcomer to this company. However, many of us longtimers have been down this road too many times before. We can cite a litany of failures and missed opportunities. Remember Phil Smith's "rocket on a launchpad" presentation. And didn't Lou Bintz say "we hold all the cards" to a crucial aspect of what the LSS was developing (this was said this year). I am starting to wonder if BSmith knew much more than we gave him credit for (including his insights on Greenlee).

GATES