Research Frontiers (REFR) Message Board

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Technology Stocks : Research Frontiers (REFR)

REFR 1.910

+3.8%

Oct 31 9:30 AM EST

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To: RMP who wrote (887)	10/3/1998 7:25:00 PM
From: Alastair McIntosh	Read Replies (1) of 49995

Re: No longer floorless There is nothing in the PR that indicates any floor to the price. There is, however, a ceiling of $15/share. Looks like Ailouros got a sweet deal. However you want to spin this, more shares are coming onto the market at a discount (giving Ailouros an instant risk free profit of 8%) to provide cash for REFR and to dilute existing shareholders equity. By the way short term TA is meaningless here. Also, appears that the short position is only 4% of float. By the way, it won't be "short if you dare", it will be short if my broker can borrow shares. Excellent risk/reward ratio for a short play. Al

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