Lightwave Logic, Inc. (OTCMKTS:LWLG) is a stock that is finally pulling back a bit after a wild ride higher. We have seen a ton of interesting action in the name, and volume has been steadily increasing in LWLG shares over the past month as the stock rips higher. To be sure, this stock has become a mainstay at the top of the most-traded list on OTCmarkets.com for a reason. We have been bullish on the stock, but the recent break in momentum suggests a good spot to circle the wagons and take a fresh look at the situation.
As we have previously covered, the company seeks to produce significant advances in information carrying conduits and data transmission materials by moving from inorganic to organic base substances for IT infrastructure. When we first came across the company, the idea and approach really stood out as one of the more exciting OTC stock stories around.
Lightwave Logic, Inc. (OTCMKTS:LWLG) frames itself as a development stage company nearing commercialization of a portfolio of organic, nonlinear electro-optical and all-optical polymers (plastic), which have the ability to alter light waves for various optical applications.
Initial use of this material is for the conversion of digital information into light pulses at speeds that are orders of magnitude faster than conventional materials, which are based on the nonlinear capabilities of inorganic materials.
In addition to developing materials for integration into customer contemplated designs, the Company is using these advanced materials as the basis for a series of proprietary, advanced integrated optical devices and sub-systems that have broad application in telecommunications, data communications and optical computing for applications in both military and commercial markets.
According to company materials, “Lightwave Logic, Inc. is a development stage company moving toward commercialization of next generation photonic devices using its high-activity and high-stability organic polymers for applications in data communications and telecommunications markets. Photonic electro-optical devices convert data from electric signals into optical signals.”
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As we noted in our last piece, the company’s shift at the top of the management team signaled a test for leadership execution. The company’s last press release included this heartfelt message to shareholders from the company’s new CEO:
“Today, with great pride I assume the post of CEO of Lightwave Logic (LWLG). I have been an independent board member since mid-2015, and I have personally seen the company move quickly and efficiently towards the commercialization of its polymer photonics materials under the leadership of Tom Zelibor and Jim Marcelli. Going forward, Tom will remain as Chairman of the Board, and Jim will continue in the President/Chief Operating Officer role; both continuing to provide the valued and expert leadership we have all seen over the past few years. Lightwave Logic is in excellent health, and is ideally positioned to advance polymer photonics based technologies onto the world stage.”
That same piece closed with the following instructive message:
“2017 will be an important year for us as we progress our technology development further towards commercialization. We still have many issues to address, specifications to hone, and performance to optimize; however, by 2018 we believe our company will be in a much stronger position to engage with large partners for business development opportunities. Because the value proposition of our polymer technology is so compelling, we expect to attract enormous interest by potential partners.”
Traders will note 100% tacked on to share pricing for the listing in the past month. This is emblematic of the stock. LWLG is a stock who’s past is littered with sudden rips. Moreover, the company has seen an influx in interest of late, with the stock’s recent average trading volume running topping 300% beyond its prior sustained average level.
Earning a current market cap value of $104.6M, LWLG has a reserve ($2M) of cash on the books, which must be weighed relative to virtually no total current liabilities. The company is pre-revenue at this point. We will update the story again soon as further details emerge. For continuing coverage on shares of $LWLG stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!