{"id":3367,"date":"2013-12-09T11:12:27","date_gmt":"2013-12-09T11:12:27","guid":{"rendered":"\/?p=3367"},"modified":"2013-12-09T11:16:55","modified_gmt":"2013-12-09T11:16:55","slug":"lightwave-logic-inc-otcmktslwlg-tanks-as-shareholders-lose-their-patience","status":"publish","type":"post","link":"\/articles\/lightwave-logic-inc-otcmktslwlg-tanks-as-shareholders-lose-their-patience\/","title":{"rendered":"Lightwave Logic, Inc. (OTCMKTS:LWLG) Tanks as Shareholders Lose their Patience"},"content":{"rendered":"

\"1LWLG.png\"Lightwave Logic, Inc. (OTCMKTS:LWLG<\/a>) is still a development stage company and as such, a potential investment in its stock can be very risky – a point hammered home by Friday’s performance. Just six and a half hours of intense trading was enough for the ticker to wipe out around 19% of its value while recording a trading volume nearly twelve times higher than the three-month average. So, what seems to be the problem? <\/p>\n

A conference call was held on Thursday afternoon in which the management team wanted to update their shareholders on the developments around the company. Having listened through a replay which is available on LWLG<\/a>‘s website, we can see that investors aren’t really happy with the way things are going. <\/p>\n

Part of the problem lies with the time frame. Ever since the beginning, LWLG<\/a> was viewed by most people as a long term investment. The business plan and the materials and products that they’re developing have certainly captured the imagination of quite a lot of investors but it’s been nearly a decade since they started and the lack of revenues is resulting in some frustrated shareholders.<\/p>\n

What’s more, not everything is going according to plan. They tried to battle the lack of significant sales with an acquisition of a smaller company that has already gone through the development stage. The management team did a lot of due diligence, sifted through many merger candidates, picked one, and made an offer. Unfortunately, it got rejected.<\/p>\n

To top it all off, the people running the company admitted that they have been a touch too optimistic with their revenue projections. Thomas Zelibor, LWLG<\/a>‘s CEO, said in a previous conference call that the company should generate some sales by the end of the year but from the latest update, we learn that this isn’t going to happen. A small order is expected to be received during the first quarter of 2014, but once again, there can be no guarantees.<\/p>\n

Predictably, some angry shareholders called in to ask for a specific deadline for the start of the commercialization process, but the management team wasn’t able to give one which, we’re sure, isn’t helping boost investors’ confidence.<\/p>\n

On the bright side, LWLG<\/a> is easily distinguishable from other development stage enterprises by the comfort of a relatively solid balance sheet. Here’s a quick summary of the most important figures as of September 30:<\/p>\n