Research Frontiers (REFR) Message Board

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Technology Stocks : Research Frontiers (REFR)

REFR 1.730

+10.2%

Nov 11 3:57 PM EST

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To: inchingup who wrote (504)	2/8/1998 7:44:00 AM
From: Joe Hoofnagle	Read Replies (2) of 50122

Licenses are often issued after patent protection is assured as a means of getting third parties to help finance 1) additional research; or 2) manufacturing. They can also be a means of getting other technical expertise to help carry out additional research required to get to commercial viability. I don't believe the chain of events appears unusual, based on some of these type deals I've followed before. Yes I wish this was moving faster (you can say that about every one of these things I've ever seen). Yes there is risk that it will never happen. Yes I believe the potential payoff far outweighs the risk. I for one have watched this thing develop long enough, and seen & heard enough evidence that I believe the liklihood it will never happen is low. They always seem to have the ability to get new financing long before they approach the brink. These private placement investors are pros with substantially more information (nitty gritty technological info) than ever hits the street. The company has generally been very forward with information about problems with the technology. They have explained why the eyewear isn't here yet & what they need to do to get it here. They have also explained what problems they have with flat panel displays. Gary, if you have not seen refr's candid comments about these problems, then you haven't been following the company close enough and perhaps you shouldn't be an investor. However, I believe the Hankuk application is viable (flat glass windows) now and it is up to Hankuk when they can go into production. They are probably trying to tackle the marketing problems. I also think anytime you can execute an order at 7 or less, you oughtta load up.

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