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Microcap & Penny Stocks : Research Frontiers - By Long on Refr, Larger stock holder

REFR 2.030

+0.7%

3:59 PM EDT

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From: wallstreetbull	10/20/2024 10:58:24 AM
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Tink made a very dumb comment. "the scary thing is Joe said they cant stop others from making/selling/advertising SPD makes for Pause." Joe is exactly correct. You can't stop anyone from anything. You can't stop people murdering either. The only thing you can do is sue in the court of law. Anyone can rip off or duplicate products and technology. If someone advertises its shocking that tinker is shocked that Joe can't show up at their door steps with a baseball bat. Regardless of what he is making on asts...you made nothing unless you sell. Just as reff came very close to break even he is in a company burning money. Asts As of June 30, 2024, we had cash, cash equivalents, and restricted cash of $287.6 million. We have additional liquidity of $51.5 million in gross proceeds available to draw under the Senior Secured Credit Facility, subject to certain conditions and approvals • Total operating expenses for the second quarter of 2024 were $63.9 million, including $29.3 million of depreciation and amortization and stock-based compensation expense. This represents an increase of $7.9 million as compared to $56.0 million in the first quarter of 2024, due to a $5.6 million increase in general and administrative costs, a $1.7 million increase in engineering services costs, a $0.4 million increase in depreciation and amortization expense, and a $0.2 million increase in research and development costs • Total Adjusted operating expenses for the second quarter of 2024 were $34.6 million, an increase of $3.5 million as compared to $31.1 million in the first quarter of 2024, due to a $2.0 million increase in Adjusted general and administrative costs, a $1.3 million increase in Adjusted engineering services costs and a $0.2 million increase in research and development cost

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