Mr. Faulkner is paid (and paid well) by the company to promote this stock. Each time he has made a new recommendation the stock has moved up, only to drop down after the promotion was over. I know, I've bought and sold each time.
Want a list of Licensees? Try this one:
Japan Steel Works, LTD. and Central Glass Company of Japan- Smart Windows
(Japan's third largest glass manufacture)
Hankuk Glass Industries, Inc. Of Korea- Smart Windows
(Korea's largest glass manufacture)
Litton Systems of Canada, LTD- Eyeware, flat panel display, windows for military vehicles.
( Litton is the largest maker of military optics, including nightvision)
Glaverbel S.A., of Belgium-Automotive vehicle rear-view mirrors and sun visors.
Compagnie de Saint-Gobain of France-Smart windows
(World's leading glass company)
Sounds great, except it was the list in November 1994.
<<Regarding some comments about the application of SPD technology to eyewear, do you believe that the Oculite division of Monsanto, a division that has developed,marketed and manufactured state of the art eyewear would make the agreement they did with REFR if they had serious doubts about the feasibility of the SPD technology to eyewear?>>
Do you understand why companies sign license agreements? By doing so they can explore a products potential at little cost. If they were sure a product would sell they could by its rights outright. Or buy the company, as was rumored to be GE's objective when they signed the license agreement in 1995, and that took the price to over 16 (intra-day). At that time an independent analyst put the PRICE of a take over at $23-$25. Not bad, but not $200.
Got to go, but one last quote:
"Our goal is for our licensees to be able to commercialize the technology by the end of 1993, and to go into production in 1994, although it's conceivable that a product could be out in 1993."
Bob Sax, President, Research Frontiers
January 1993 Edition of The Securities Traders Handbook
Michael- My point is- They have been saying the same thing for YEARS. Lets see a product. |
