Lightwave Logic (NASDAQOTH:LWLG)

CAPS Rating: 1 out of 5

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Member Avatar SmartAce (99.86) Submitted: 8/4/2014 2:12:47 PM : Underperform Start Price: $1.14 LWLG Score: +21.42

I'd only give one piece of advice to anyone marrying. We're all quite similar in the end. We all get old and tell the same tales too many times. But try and marry someone kind.

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Member Avatar jed71 (47.62) Submitted: 8/4/2014 10:37:47 AM : Underperform Start Price: $1.24 LWLG Score: +29.04

Pretty easy downthumb, in my opinion. And a whole bunch of the "red thumb team" has apparently beaten me here whilst I was sunning myself on the beaches of the East Coast. TSIF provides a nice summation here :

http://caps.fool.com/Pitch/LWLG/7189636/i-played-this-one-a-few-times-.aspx

As for why I chose the downthumb, it's a bit of a combination between following some of my favorites, and the atrocious financials out of the 10-Q. Since January of 2004, the company has generated revenue of $5,700 WHOLE DOLLARS and accumulated losses of just over $33 MILLION. In addition, while you do have to dig for this information a bit, this company was formed in 2004 via a reverse merger. You can readily find this in the Statement of Stockholder's Equity in the line "Retroactive recapitalization upon reverse acquisition" on the first page.

Any company that requires 23 pages to list out its stockholder's equity transactions in its 10-Q, pretty much deserves an immediate downthumb. I was seeing transactions where founders were receiving shares in 2004 for $0.16 a share - 13,292,927 shares to be precise. I realize this was 2004, but I don't understand why anyone would value the shares higher than this price given their current financial performance and apparent lack of ability to bring a product to market. Yes, they could hit a home run and suddenly find some sort of wonder product, but given their 10 YEAR performance metrics, it seems highly unlikely.

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Member Avatar pchop123 (79.69) Submitted: 7/31/2014 4:49:09 PM : Underperform Start Price: $1.15 LWLG Score: +23.36

great short right now

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Member Avatar getrichdietrying (82.57) Submitted: 6/12/2013 5:17:09 PM : Underperform Start Price: $1.01 LWLG Score: +32.07

It's a Spam

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Member Avatar BuffettJunior1 (97.56) Submitted: 5/5/2012 4:32:23 PM : Underperform Start Price: $1.21 LWLG Score: +70.16

I always wondered why companies like this are allowed to go public. Only a fool would invest in this trash stock.

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