Lightwave Logic, Inc. Message Board

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Technology Stocks : Lightwave Logic, Inc.

LWLG 4.845

+0.9%

Nov 14 9:30 AM EST

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To: rrufff who wrote (890)	12/29/2008 11:48:40 AM
From: rogerover	1 Recommendation Read Replies (1) of 1811

They're trying to raise $600,000 in a private offering. Remember they said they'd be out of cash as of the end of November. The stock price was depressed because the marketplace knew they were looking for financing, and of course it would be at a discount. They went to people who had $1.00 warrants and offered them 4-for-1, which is not unreasonable given that the stock price was .28. Note that the stock price has rebounded since the filings. If you read the Form 4s, Fasick disposed of 15,000 warrants and acquired 60,000 shares at .25 each. Smith disposed of 62,500 warrants and acquired 250,000 shares at .25 each. The two of them put in $77,500 of the (up to) $600,000 the company was seeking. Obviously it's a positive that directors are putting up their own cash, even at .25. And I'd rather see their directors reap the rewards than "vulture capital" investors.

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