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Technology Stocks : Research Frontiers (REFR) -- Ignore unavailable to you. Want to Upgrade?

To: N. Dixon who wrote (2036)	5/5/2002 11:36:14 PM
From: Bridge Player	Read Replies (1) \| Respond to of 50245

Nancy, REFR stock hit $30/share back in 2000, and again in 2001. In the face of all this good news, production started, "hundreds" of completion centers for aircraft windows, royalties starting to come in and going to be profitable in 2003, and the absolute barrage of publicity, why do you think it is that the stock price is closer to its 3 year low than the 3 year high? Any rational explanation? And please spare us "because the whole market is down". The action of the stock price gives credence to the short argument. Which is, as I understand it, is no longer that this is a total fraud, but simply that the economics of this product will sharply limit the future market. I would like you to address this specific issue if you can.