They naked short them from Canadian accounts. REFR is already impossible to borrow. If you want to read how Asensio has operated in the past look at this:
asensioexposed.com
Also the DTC is not too careful about making sure there's a balance in shorted/margined shares.
As I said, no problem with shorts, just don't like those who use the system to hurt investors and promote false and misleading information.
One call to Dr. Lampert could clear up everything. Why is Bill so afraid to hear that he is wrong about REFR?
ND
P.S. Some more education on how a new technology gets introduced in the glass industry:
Low-E Product Cycle
Ducker Research has been researching the low-E market since the late 1980s, and we continue to track shipments through ongoing studies of both flat glass and glazing applications. We have also recorded and tracked the evolution of dozens of building products over our 40-year history. This allows us to assess low-E market adoption against the typical pattern of a product life cycle within the construction industry.
The first statement that can be made about product adoption in construction (the rate at which a new product gains share of a market) is that it is slower than essentially all other market segments. Product life cycles in software can be measured in months, and in years for consumer electronics and even automotive vehicles. But in construction products, it is measured in decades, particularly for commercial (nonresidential) construction products. It is not uncommon for a construction product to have reached only half its market potential a full ten years after introduction, and such is the case with low-E. Product extensions and demand side factors have extended the life cycle well-beyond 20 years.
A major theme of low-E evolution has been competing coating technologies, primarily between off-line or sputtered coatings and on-line or pyrolytic coatings. This competition has driven a series of product enhancements for the ultimate benefit of both customers and suppliers.
Pyrolytic and Sputtered Coatings
The first low-E coatings introduced were sputtered, and were soon to find
applications in the residential window market. However, they were constrained by their fragile nature and by the difficulty insulating glass fabricators had in processing. Pyrolytic coatings were introduced a few years later, providing a very durable coated surface, which facilitated handling and distribution, and also provided the first post-temperable low-E product that could be tempered after coating (rather than having to coat glass that had already been tempered). One result of this technology development was that the commercial glazing market started to develop, as pyrolytics provided a market entry point for independent, architectural glass fabricators who could rapidly deliver a custom glazing solution.
While pyrolytics grew in share in the early 1990s, the next generation of coatings saw sputtered low-E regain share. Traditional low-E products combined low U-values with high solar heat gain. These products are suited ideally for heating-dominated cold climates, where solar heat gain provides a free passive energy source in winter, along with excellent thermal insulation. However, the same product does meet the ideal solar control needs of cooling-dominated buildings and homes.
High-performance or double-stack sputtered coatings were introduced that offered both very low U-values and good solar heat control, combined in a product that still maintained the clear appearance preferred by most homeowners and many architects. This extended the opportunity for low-E across all climates. Pyrolytic coatings with solar-control properties have now been introduced, and post-temperable sputtered products are also available. The range of low-E products available offers a high-performance energy management solution for practically every window application—and one that is fabricator-friendly. |
