I have no affiliation with White Diamond or Adam Gefvert. Sorry you all feel this way about the research; I put out this research in hopes of warning retail investors of the significant downside. Would love to hear the bull case for Lightwave, such as when they'll generate revenue.
Well for me personally, next gen tech is all speculative. While I am always cautious there is (IMO) no difference in this company with no revenue and every other company out there with no revenue. NKLA or RVIN for example, yes I understand these are different industries.
I think what I, as a reader, have a problem with, in terms of an article like this is that while you point out things that seemingly are red flags, it's not the whole story.
Perhaps the reason the U of C didn't order more was because they decided to investigate a different avenue in photonics. Perhaps you are correct, perhaps at the time LWLGs product was not up to snuff. Perhaps those involved in the U of C study moved to a different university or perhaps the study's hypothesis proved invalid which would then mean there was a rethink involved.
The point is I have no idea. You wrote the article, you take on the responsibility to investigate why U of C didn't reup. But you did not do that, you just let it hang as a way to imply scam and scare, not inform investors.
The ECOC as well as a lot of other players in photonics really respect the guys at LWLG and the ECOC itself, which is not filled with morons, has recognized and acknowledged that LWLG's tech is quite impressive.
Why have there been no orders? I do not know. However, I do know there are a number of major companies talking with them and I know of at least one (semi-rumormill) working with them.
If I, as a dunderheaded retail trader can find this out, you as a professional in the field certainly could.
Adam and White Diamond have a very biased view and a simple follow of Adam's twitter feed and his alter ego White Diamond show that not only is his goal to create fud, but that his research really is either sloppy or stilted.
I did my research on not just LWLG but photonics, the people involved in the company and the industry. I own stock in a number of next gen photonics companies as well as AI and other long shots.
Maybe LWLG is a theranos situation but I don't think it is. Just as you don't know it's a scam, yet you present it as such.
And of course this at the end of your article, may make those who have done as much DD as possible from the retail sector doubt you:
We are biased investors and as such may take a financial position in the company written about above.
I understand this is for legal reasons, but when I read this coupled with a shout out to Adam and White Diamond and then add in the suspicious timing of this article as shorts are definitely hunting the stock right now.
Well, I'm dubious.
To disclose I started gobbling up shares of LWLG at around 48 cents a share. I've sold and repurchased and have made a lot of money off these folks. I play the market, like all investors should.
However, I also think the potential here is long according to the white papers I've read and how their peers feel about the folks involved with the company.
I think shorting can be beneficial when it's a really bad company trying to bilk people like a lot of the sub-pennies do, especially in the cannabis field.
However, what's going on now and what Adam has been trying to generate is shorting for sport. Shorting because one sees an opportunity to make money off of an unproven company by spreading fear.
Photonics is new, insiders and money makers are buying. These are not people that are swayed by a twitter account, these are not people who are limited to Reddit, discord and basic fintel information.
These are ruthless bastards who have inside knowledge so the question really should be why are B of M, B of A, and Citigroup among others starting to dip their toes in the LWLG waters?
I am always wary of companies like this but I feel like my personal research and reasons to stay long overall seems to be far better than the sloppily, slapped together short articles that seem to regurgitate the same info with a misleading bias.
This is not an attack on you personally, though I do think the article was written to scare, not to warn.
This is just my opinion on why I think LWLG is a good play in a mainly unproven field.
Did not proof read this, there are gonna be some typos bud.
Timothy, I appreciate the well-thought out comment. I will be the first to admit that I left some details out of the paper that I should have expounded upon further; this was partly intentional to protect the anonymity of people I spoke to in the course of my research.
The order from the University of Colorado actually never result in financial payment nor being listed as an AR based off Lightwave's quarterly earnings report in the 6-month time period following the press release documenting the sale in August 2013.
While Lightwave's technology is impressive & I do have immense respect for the ECOC; the research conducted and presented respectively is quite academic in nature. Several academic labs specializing in photonics such as the University of Washington have an immense level of grant support from well recognized organizations; it makes me ponder why Lightwave does not have this same support/customer base. I am uncertain of the companies Lightwave is claiming to be partnering with. I have watched several of Dr. Lebby's presentations and while he does mention certain companies as prospective customers--none to date appear to be actively engaging with Lightwave from information available. I'm yet to see news of official partnership agreements and/or definitive revenue on the income statement.
I am sorry that acknowledging Adam & White Diamond Research was seen as a low blow--I felt obliged to acknowledge his research as I did find his research relating to the financing agreement with Lincoln Park Capital to be informative to investors. Going forth, I will refrain from covering companies which White Diamond has previously covered in hopes of upsetting less people.
This was by no means meant to be a hit piece or allege Lightwave as the equivalent of Theranos, but rather a contrarian viewpoint of the company. It is highly likely Lightwave has to draw additional capital from Lincoln Park Capital within the next 12 months further decreasing the share price given Lincoln Park's previous track record. Gigpeak being acquired for 250M versus Lightwave's market cap of a billion should be a concern to any investor. Additionally, I am quite skeptical of a developmental stage company that for 18 years has only generated $5,700 in net sales; something is not right and I think retail investors should be made aware of the risks. The intent of my report was not to scare or allege fraud but rather make known that it likely Lightwave is grossly overvalued based off their checkered past history. I really appreciate the well thought comment.
Your points are fairly taken. And yeah the lincoln park thing does cause me concern. However, I will continue to play the stock, sell and buy as I see opportunity while holding a number of shares for a potential payoff long-term.
And I certainly understand you wanting retailers to be made aware of the irregularities regarding LWLG from their PR, sales and valuation so I get it.
For me, still at this point, the reward outweighs the risk so I'll continue to play it.
But keep in mind you're talking to a guy who started gobbling up shares of Centro recently so I do like risk.
LWLG soaring lately due to an announcement that an unnamed company has requested some form of arrangement regarding LWLG's Perkanamine chromophores. Not sure if this means LWLG will actually, truly record a sale for the first or second time in their entire existence.
I have no affiliation with White Diamond or Adam Gefvert. Sorry you all feel this way about the research; I put out this research in hopes of warning retail investors of the significant downside. Would love to hear the bull case for Lightwave, such as when they'll generate revenue.
Well for me personally, next gen tech is all speculative. While I am always cautious there is (IMO) no difference in this company with no revenue and every other company out there with no revenue. NKLA or RVIN for example, yes I understand these are different industries.
I think what I, as a reader, have a problem with, in terms of an article like this is that while you point out things that seemingly are red flags, it's not the whole story.
Perhaps the reason the U of C didn't order more was because they decided to investigate a different avenue in photonics. Perhaps you are correct, perhaps at the time LWLGs product was not up to snuff. Perhaps those involved in the U of C study moved to a different university or perhaps the study's hypothesis proved invalid which would then mean there was a rethink involved.
The point is I have no idea. You wrote the article, you take on the responsibility to investigate why U of C didn't reup. But you did not do that, you just let it hang as a way to imply scam and scare, not inform investors.
The ECOC as well as a lot of other players in photonics really respect the guys at LWLG and the ECOC itself, which is not filled with morons, has recognized and acknowledged that LWLG's tech is quite impressive.
Why have there been no orders? I do not know. However, I do know there are a number of major companies talking with them and I know of at least one (semi-rumormill) working with them.
If I, as a dunderheaded retail trader can find this out, you as a professional in the field certainly could.
Adam and White Diamond have a very biased view and a simple follow of Adam's twitter feed and his alter ego White Diamond show that not only is his goal to create fud, but that his research really is either sloppy or stilted.
I did my research on not just LWLG but photonics, the people involved in the company and the industry. I own stock in a number of next gen photonics companies as well as AI and other long shots.
Maybe LWLG is a theranos situation but I don't think it is. Just as you don't know it's a scam, yet you present it as such.
And of course this at the end of your article, may make those who have done as much DD as possible from the retail sector doubt you:
We are biased investors and as such may take a financial position in the company written about above.
I understand this is for legal reasons, but when I read this coupled with a shout out to Adam and White Diamond and then add in the suspicious timing of this article as shorts are definitely hunting the stock right now.
Well, I'm dubious.
To disclose I started gobbling up shares of LWLG at around 48 cents a share. I've sold and repurchased and have made a lot of money off these folks. I play the market, like all investors should.
However, I also think the potential here is long according to the white papers I've read and how their peers feel about the folks involved with the company.
I think shorting can be beneficial when it's a really bad company trying to bilk people like a lot of the sub-pennies do, especially in the cannabis field.
However, what's going on now and what Adam has been trying to generate is shorting for sport. Shorting because one sees an opportunity to make money off of an unproven company by spreading fear.
Photonics is new, insiders and money makers are buying. These are not people that are swayed by a twitter account, these are not people who are limited to Reddit, discord and basic fintel information.
These are ruthless bastards who have inside knowledge so the question really should be why are B of M, B of A, and Citigroup among others starting to dip their toes in the LWLG waters?
I am always wary of companies like this but I feel like my personal research and reasons to stay long overall seems to be far better than the sloppily, slapped together short articles that seem to regurgitate the same info with a misleading bias.
This is not an attack on you personally, though I do think the article was written to scare, not to warn.
This is just my opinion on why I think LWLG is a good play in a mainly unproven field.
Did not proof read this, there are gonna be some typos bud.
Timothy, I appreciate the well-thought out comment. I will be the first to admit that I left some details out of the paper that I should have expounded upon further; this was partly intentional to protect the anonymity of people I spoke to in the course of my research.
The order from the University of Colorado actually never result in financial payment nor being listed as an AR based off Lightwave's quarterly earnings report in the 6-month time period following the press release documenting the sale in August 2013.
While Lightwave's technology is impressive & I do have immense respect for the ECOC; the research conducted and presented respectively is quite academic in nature. Several academic labs specializing in photonics such as the University of Washington have an immense level of grant support from well recognized organizations; it makes me ponder why Lightwave does not have this same support/customer base. I am uncertain of the companies Lightwave is claiming to be partnering with. I have watched several of Dr. Lebby's presentations and while he does mention certain companies as prospective customers--none to date appear to be actively engaging with Lightwave from information available. I'm yet to see news of official partnership agreements and/or definitive revenue on the income statement.
I am sorry that acknowledging Adam & White Diamond Research was seen as a low blow--I felt obliged to acknowledge his research as I did find his research relating to the financing agreement with Lincoln Park Capital to be informative to investors. Going forth, I will refrain from covering companies which White Diamond has previously covered in hopes of upsetting less people.
This was by no means meant to be a hit piece or allege Lightwave as the equivalent of Theranos, but rather a contrarian viewpoint of the company. It is highly likely Lightwave has to draw additional capital from Lincoln Park Capital within the next 12 months further decreasing the share price given Lincoln Park's previous track record. Gigpeak being acquired for 250M versus Lightwave's market cap of a billion should be a concern to any investor. Additionally, I am quite skeptical of a developmental stage company that for 18 years has only generated $5,700 in net sales; something is not right and I think retail investors should be made aware of the risks. The intent of my report was not to scare or allege fraud but rather make known that it likely Lightwave is grossly overvalued based off their checkered past history. I really appreciate the well thought comment.
Your points are fairly taken. And yeah the lincoln park thing does cause me concern. However, I will continue to play the stock, sell and buy as I see opportunity while holding a number of shares for a potential payoff long-term.
And I certainly understand you wanting retailers to be made aware of the irregularities regarding LWLG from their PR, sales and valuation so I get it.
For me, still at this point, the reward outweighs the risk so I'll continue to play it.
But keep in mind you're talking to a guy who started gobbling up shares of Centro recently so I do like risk.
Take care and thanks for engaging
LWLG soaring lately due to an announcement that an unnamed company has requested some form of arrangement regarding LWLG's Perkanamine chromophores. Not sure if this means LWLG will actually, truly record a sale for the first or second time in their entire existence.
anyone associated with or giving props to Adam Gefvert is just as much a scam artist as he is. Go ahead and look him up.
Yup, totally agree. His "research" is basically asking someone on twitter to look into something. He and White Diamond are a joke.