Lightwave Logic falls after Kerrisdale Capital declares short position

Lightwave Logic

02/06/2022 17:17

** Technology platform Lightwave Logic Inc's shares  LWLG.O 
fall 18.2% at $6.62 after Kerrisdale Capital reports short
position https://www.kerrisdalecap.com/wp-content/uploads/2022/06/Lightwave-Logic-Inc.-LWLG.pdf
 on stock
    ** The hedge fund says that according to engineers formerly
at the company, the engineering process of its flagship
electro-optic polymer "can't be replicated systematically"
    ** "The implication is that Lightwave has no chance of
commercializing anything in the foreseeable future" - Kerrisdale
Capital Management 
    ** With no sales reported for the quarter, LWLG reported a
loss of 3 cents per share in Q1 2022 
    ** Up to last close, stock had fallen 53.6% YTD,  while
peers - Lumentum Holdings  LITE.O  fell 18.4% and Neophotonics
 NPTN.N  rose 1.4% YTD  

 (Reporting by Nandhini Srinivasan)
 ((Nandhini.Srinivasan@thomsonreuters.com;))