Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lightwave Logic, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (1588)	5/12/2011 9:56:37 AM
From: caly	Read Replies (1) \| Respond to of 1811

In the category of FWIW, I've seen a similar situation unfold before my eyes with the same outward appearance as this. In the case I saw, the two founders of the company who were technical geniuses lacked the business acumen to make a go of the company. They quickly burned through all capital they had raised without being aggressive about getting a product to market and getting revenue flowing. When they finally sought business help and additional capital,they ended up having to give up control of the company. Long story short, within three years, one was out the door, while the other lasted 10 years in a strictly technical role. Both would eventually resign from the board, but I assume they were forced to. They both did extremely well with their stock which they sold over time, but there were no doubt hard feelings.