Making a presentation at a key event can often be a positive for most companies and may even lead to a spike in the stock price, but things did not work out that way for the Lightwave Logic Inc (OTCMKTS:LWLG) stock on Thursday.
Back on September 1, the company announced that its management team had been invited to make a presentation at the H.C. Wainwright 23rd Annual Global Investment Conference. It is a key event for the finance industry and is going to be held between the 13th and 15th of this month. The event is going to be held virtually.
It goes without saying that the presence of its management at the event is a big thing for Lightwave Logic. However, the investors do not seem to have seen it in that light and on Thursday the stock slumped by as much as 8.50%.
The President of the company Jim Marcelli and its Chief Executive Officer Dr. Michael Libby are going to be engaged in direct meetings with potential investors throughout the course of the event. Additionally, they are also going to be make a presentation on September 15 and it will be made available through a webcast.