To: inchingup who wrote (4894 ) 3/1/2004 11:27:05 PM From: inchingup Respond to of 50499 To:gary schrimpf who wrote (4883) From: gary schrimpf Saturday, Feb 28, 2004 10:25 PM Respond to of 4922 Nancy Dixon--SOMEONE WHO WANTS TO STEAL FROM YOU! Yes, Nancy is a thief. She has 60,000 shares of worthless stock in REFR and can't sell them. In another era she was stuck with worthless shares of BCAM when the CEO left the country to avoid prosecution taking her funds with him. She is a complete liar. Here are some examples of her lies from years ago. These are the same lies she is perpetrating today. "To:Fred g who wrote (826) From: N. Dixon Friday, Jul 3, 1998 12:23 AM View Replies (1) | Respond to of 3993 <<Do you think that this company will ever have a marketable product?>> Yes. There will be SPD products on the market within 12 months. I would suggest that you contact Bob Saxe rather than ask people on this board. There are many who are trying to misrepresent where we are at this point in time. We HAVE a real product. It is being delivered to our licensees within 90 days. It is the licensees that will be producing the SPD product and THEY are the ones who are manufacturing the product. You should contact licensees as we have done. You are GROSSLY misstating facts when you say we have "nothing" until a product is out. Many companies triple and quadruple in value when it is KNOWN that product is coming out. WE ARE LESS THAN 12 MONTHS AWAY!!!!!" "To:Fred g who wrote (830) From: N. Dixon Saturday, Jul 4, 1998 7:21 AM Respond to of 3992 Fred, You can list every licensee you want. Just read my post regarding what the long-term investor in REFR has understood ALL ALONG!!!! <<We understood that the company by licensing this technology saved us MILLIONS of dollars in research and development by getting the necessary technological expertise from a variety of industries. We knew that not all these licensees were expected to IMMEDIATELY develop products nor was it necessary to our future profitability that they do so.>> Estimates are it has cost 25MILLION to develop SPD and bring it to market. Saxe and his crew did it and REFR has NO DEBT, cash reserves of 9 MILLION dollars with a burn rate of LESS THAN 3 MILLION and 2 licensee who are manufacturing product (HANKUK AND MSC) next year resulting in SUBSTANTIAL ROYALTY INCOME!!!! (CONSERVATIVE estimates are $100 MILLION which will go to the BOTTOM LINE since we don't have ANY manufacturing costs. When asked at an online conference what they intended to do with this income, Joe Harary replied that REFR intends to become a "royalty-collecting, dividend paying CASH MACHINE!!!)" So Nancy, 5 years ago you predicted $100MM in earnings for 1999. Now you are predicting even more than that for 2008 knowing that SPD is a commercial failure. You are a piece of work Nancy, a real piece of work.