It's 2007:
1) I remain 100% correct about the REFR criminal enterprise, its "management", and promoters.
2) In the nearly 4 (!!) years since I covered my REFR short position, the interest alone on the gross profits would probably exceed the net worth of most of the poor saps who got suckered into this swindle.
3) REFR - once again - avoided .OB or pink sheet oblivion by another round of dilutive financing. For those of you who haven't figured it out by now, REFR controls the float by selling restricted stock at a discount to investors who then short the stock immediately through offshore entities, thereby avoiding embarrassing disclosures. In fact, it's easy to determine when the short sales take place because shares suddently become available as they filter down through the brokers. It then becomes Christmas for retail short-sellers who get another trading window.
4) The REFR board - long a source of endless amusement - has revealed another fascinating fact about the REFR sucker. Not only are they scientificaly illiterate and naive about how stock markets (and particularly short sales) operate, but they also tend to subscribe to the same sort of cartoonish, jingoistic, hatemongering of the crypto-Christian right-wing nuts. Is it any wonder that they employ the same tactics of ad-hominem attacks when anyone questions their investing acumen?
Sad to say, it is clear that they will hang on 'til the bitter end....simply out of spite. In the meantime, I remain, rich, happy, and great-looking.
Here's wishing all my REFR pals a great new year! |
