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I think at the interview we were told they would send out approximately 500 invites, and 100 acceptances on dec 2. But LECOM knows they're few people's top choice and will surely have to send out more than 100 acceptances over the long haul. This is pure speculation, but I think being on the waitlist here means something very different, in terms of your chances of admittance, than being on the waitlist at your state school.
I agree. Their acceptance line up will progress much quicker than most other schools because most people consider them a back up. It is also probably why their fee to secure your seat is high compared to other schools ($2500 if I remember correctly).