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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (7966)	6/20/2001 10:27:33 PM
From: xcr600	Read Replies (2) \| Respond to of 10293

Boy, it sure didn't take long for them to crawl out from the woodwork, did it?

To: Kevin Podsiadlik who wrote (7966)	6/20/2001 10:46:18 PM
From: N. Dixon	Read Replies (3) \| Respond to of 10293

Kevin, Bill Wexler is lying to people about REFR. I know it and he knows it. Why else is he avoiding me and why are you trying so hard to make this more complicated than it is? Bill came on the REFR thread and asked me how I felt about REFR being a fraud. I told him that I was confident about REFR, so much so that I would make him a wager. I reposted it here so his followers could see the level of his conviction. The bet was clear. I will try and make it crystal clear, with bold annotations. the Company expects to earn royalties from sales of licensed products (payable under license agreements within 45 days after the end of the quarter in which sales of licensed products occur) early next year [SEC filings will verify any ROYALTIES received from SALES OF LICENSED PRODUCTS "early next year" would be Q 1 or Q2], achieve its first quarterly profit next year [Either Q1, Q2, Q3 or Q4 SEC filings will show that they made more money than they spent], and achieve its first full-year of profit in 2003 [RFI will make a profit every quarter of 2003 or RFI will not have one quarter in 2003 where they don't make a profit], but possibly in 2002. Thereafter profits are expected to escalate rapidly." If this doesn't happen, Bill wins, I lose. If it does, I win, Bill loses. Now if Bill TRULY believes what he is saying about REFR and SPD, how could he possibly NOT take me up on this wager? What's he afraid of? Oh yeah, the truth! As for debate Kevin, I have no need to convince you or argue with you. If you truly believe what you do then short the stock. I encourage people to look into this company and kick all the tires. I'm glad I'm in it. My family's glad they're in it. We don't need to defend a thing. I just thought it would be fun to have a wager. ND

To: Kevin Podsiadlik who wrote (7966)	6/21/2001 12:41:28 AM
From: BinkY2K	Read Replies (1) \| Respond to of 10293

Kevin, why are you debating? Nancy offered a deal to Wexler. Are you Wexler? Would you like to take her up on the bet instead? Wexler has been absent here since the discussion started. I have no interest in the bet but it would be trivial to devise a clear set of guidelines. In a nutshell, the company has said it would make more than it spends within an allotted maximum time. So, if their earnings report shows earning 10 million and spending 5 million and there are no odd tricks like one-time events that are not expected to continue, then Nancy wins. Specifically, you must accept any kind of royalty income if that company paying it states it expects to continue selling the product that finances the royalties. Interest on investments like T-bills counts too. Make similar agreements on what expenses will count. For example, the company paid a billion won ($750K in U.S. dollars) for about 6% of the new company Hankuk formed, SPD Inc. Is something like that an expense? I see it as an investment that will earn them money. We know the company spends about 4 million a year. Chances are expenses will rise since they may do additional research and marketing and advertising and so on. That is why I chose 5 million. If licensees sold between 50 million and 100 million in end products, the company makes that 5 million. They can also make money on license fees and minimum royalties from companies who pay now, such as VisionEase, even if they are slow in getting products out. What are the odds more licensees will sign up if current licensees are minting money. Feel free to make a wager with nancy in place of Wexler. Check with him to make sure it is binding. LOL!