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Technology Stocks : Research Frontiers (REFR)
REFR 1.820+5.2%Nov 12 3:58 PM EST

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To: N. Dixon who wrote (1112)10/13/1998 9:39:00 PM
From: Jonathan Babb  Read Replies (1) of 50136
 
Dixson -

I am not espousing an opinion. Just pointing out that REFR has been a net seller of shares every quarter that I have analyzed, and has announced their intentions to sell even more shares. We called Joe and he confirmed that yes, they were intenting to sell more shares in exactly the manner stated in the S-3.

Jon
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