Stock Fraud Alert -- REFR Research Frontiers-40 years of fraud
REFR - Research Frontiers consistently loses money. For 40 years has accumulated a deficit of over 90 million dollars. Yes, that means they have lost over 90 million dollars without making any money ever.
The company sells stock to pay their executives. REFR has never returned a single cent to shareholders, or in this case, stuckholders.
REFR is currently running a PR blitz with shiny brochures and glowing reviews by Nancy Dixon Wold who comes from a family of stock scammers going all the way back to her great uncle (she calls her grandfather), who was manipulating stocks during the 1920's. She had another relative file false financials and in 1976 the NYSE found this man responsible for the collapse of what was then the 5th largest brokerage in the US. Stock fraud is in Nancy Dixon Wold's DNA and she is proud of it.
In an attempt to make her favorite stock appear like a worthy investment she continually posts on message boards from stocktwits, to seeking alpha, to yahoo, to right here at silicon investor. Nancy even keeps a facebook page for her favorite stock fraud here, facebook.com You may ask yourself why would someone do this? The only answer is she gets compensated for trying to bury the truth about the company, although she claims otherwise. But why would someone waste 20 years of their life pushing an investment to "friends" if anyone that ever got involved lost money? glad she isn't my friend.
As you can see as Nancy and REFR management claim they are increasing sales, but their actual reports filed with the SEC show they are actually losing sales, or as they call them, fees
Here is some of the truth about REFR- Research Frontiers.
In 40 years the company has only had one profitable quarter and that was years ago.
As they now try to claim that Mecedes Benz will save them with royalty payments, they neglect to tell you that their fees have been going down for 3 consecutive quarters that are reflected on their 10-q's on file with the SEC. So the more they promote and spend on shiny prochures, the less money they are bringing in on the top line and the losses are getting bigger on the bottom line.
For example from the company's most recent 10-q's
Fees collected (revenues)
Quarter 1 2013-----707,231
Quarter 2 2013-----521,844
Quarter 3 2012-----505,and change
And there is a nice note that explains why Q1 was higher as REFR took in one time, NON-RECURRING PAYMENTS. So not only do their one time fees go away, their quarterly fees are declining.
Do your own research but if you buy REFR stock you can bet you will be separated from your money. REFR has already spent 90 million dollars of investor's money and hasn't been able to monetize anything except management and executive salaries.
Buyer Beware. |
