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

To: N. Dixon who wrote (4876)	2/26/2004 2:33:03 PM
From: inchingup	Respond to of 50680

Nancy: "Mass production" commenced in 2001 with supposed runs of 20,000 square feet of SPD per month according to the thives at Hankuk. To date, not a single veriified sale of a product exists. Last year, REFRs total revenues were about $50,000 including the licensing fees. In Q3 2003, REFR couldn't seem to even come up with a fabricated sale to put in their filings. In other words, for survival to take place SPD sales would have to be about $200K per day. Income from those sales would have to be about $12,000-15,00 per DAY. Unfortunately for you dear, even if SPDi was running at 100% capacity of 20K square foot per month and SPD was sold at $100 per square foot, it would leave REFR short by about 2/3 of what they need just to break even. As you can see, you are screwed any way you look at it.