Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.568

+0.5%

Dec 12 3:59 PM EST

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To: EL KABONG!!! who wrote (9439)	3/14/2003 10:09:16 AM
From: N. Dixon	Read Replies (1) of 10293

1) You're stating that the licensees aggregate (meaning, all of 'em; consolidated) have actual sales (not merely sales projections) that exceed $1B (US dollars), and that (by inference) 100% of these $1B in sales (or reasonably thereabouts) employ SPD technologies to which REFR is entitled to 5% to 10% royalty payments; and No. Bill was questioning why I'd invest in a company with REFR's market cap and revenues and I correctly pointed out that I'm investing in the SPD industry, which includes companies who are currently active in producing and selling SPD products. 2) REFR solely owns the 5% to 10% (as measured in US dollars via the royalty payments) of the SPD technology (via patents, copyrights, or legal contracts), and that REFR owes nothing of that same 5% to 10% in royalties to some/any competitor, or that no competitor owns any of the specific SPD technology which the licensees intend to use in the product(s) comprising their aggregate $1B in sales... True. REFR gets 5-10% of the net sale price even if the product contains other technologies or wiring. It's from the entire product. Most every major car manufacturer has an SPD project in the works with one of our licensees. We now have marine products and our windows are being sold by several companies. These markets are huge and sales will grow exponentially. ND

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