Bill, I have read everything you have posted here. I see no reason to fear the fact that you have been in Ft. Lauderdale or what you may have seen or heard, unless you left a bomb in a hangar somewhere.
You do repeat so much old crap that maybe I missed what your point was. I think you were vague and complained the first plane was done for a company who was a neighbor. So? Soon enough, we will hear reports of completion of the Helo they have a contract for and perhaps additional planes. Be warned that because of non-disclosure agreements, and the nature of a private company, InspecTech has not claimed it will release all news rapidly. You have no idea what they are doing and may be unhappy when they release information about what has already happened. REFR only needs to disclose how much they have been paid 90 days after the end of each quarter. So, shorts are gambling more than longs.
As it happens, I have other friends who have visited Ft. Lauderdale and I personally have met with Martinez and Laing several times. So, I have no reason to fear any statements you have made or might make.
And, if you will pardon my bluntness, why would I be expected to believe anything you say when you claim to be short in a stock I support strongly and I see what lies other shorts are saying? You have never established any credibility with me. Naturally, to be symmetric, I would accept that you have no reason to find me credible. My friends do, but you will never be my friend.
Believe me that if I saw signs I did not like, I would be out of a stock quickly. I have done this with other stocks and rarely come out at a loss, let alone a major loss. For example, I got tired of waiting for IDT/NTOP to change and sold my position for decent profits and only buy when I see an opportunity based on something ready to change. I did not ride CSCO and SCH and many others down. Yes, I have ridden REFR up and down many times because I do not want to play the timing game and be out at the wrong time, and frankly, my position is too big to trade more than a small amount.
Yet, I have never spent as much time investigating any stock as I did REFR, both before I invested at all and as I added. I added under 10 recently and am ready to add lower, if that is how the stock heads on no news and a horrible market and people like you slamming it. No, still not adding on margin, so you can't squeeze me. I have a steady stream of cash coming in and am patient. I may jump in as it rises, though.
I am fair. Clearly the environment allowed some shorts to win. At $9 to $10, you could even have covered many of the shares you shorted at some profit, although I believe you also shorted at prices like $8 years ago and that was dead money for a long time. I now even believe the biggest shorts have a chance now to lose less by the time they eventually cover. (Last we checked maybe 1.8 million shares were reported short although I think there may be additional shares not reported and shorted naked and some shares are being held in long accounts to counteract it.)
Of course, those shorts who truly want to wait to cover at $5 or are deluded enough to wait years for $0, could end up losing if the stock moves up sharply on the reality of products and profits. Unlike you, I don't depend on hype or news releases to make my money. I expect the stock to reflect the dividends being paid and present and estimated future sales by licensees.
Just remember that not every stock is a fraud, especially not just because you said so. I clearly trust my research and instincts over your. But, clearly, some shorts can make money short term and I will still make money long term, even if my net worth drops while they are having their sadistic fun. I will get what I want whatever you guys do. |
