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Technology Stocks : Research Frontiers (REFR)
REFR 1.770+1.1%12:43 PM EST

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To: Bill Wexler who wrote (1296)8/12/1999 3:20:00 AM
From: Bill Wexler  Read Replies (3) of 50038
 
The REFR stock fraud. For your amusement.

REFR has recently been mildly pumped on announcements of new "licensees" for their worthless "SPD technology". A Yahoo REFR shill/poster boldly opines that there is "nothing tentative" about today's news non-event...

messages.yahoo.com

Interesting to note that in REFR's 35 year history, not one of their many announced "licensees" has ever developed an SPD product. In fact not one of REFR's "licensees" has even bothered to issue a press release mentioning their association with REFR. Nearly all of REFR's licensees (including GE) have let their agreements lapse after conducting "look-sees". What REFR conveniently neglects to mention in their press releases is that all the licenses usually need to conduct further evaluation after signing to determine commercial viability. In fact, one of REFR's licensees, Glaverbel, found SPD technology so lacking in commercial value that they sold a small SPD patent portfolio to REFR for less than the cost it took to file the patents.

I reiterate my STRONG SELL/SHORT SELL recommendation of the REFR stock fraud.
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