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

To: inchingup who wrote (5197)	4/7/2004 5:26:12 PM
From: Edscharp	Read Replies (2) \| Respond to of 50536

Gary, You're reaching for dirt more than any person should be allowed to. First, there was no June 24, 2002 release. I will assume you meant to refer to the July 19, 2002 release which is when Saxe's selling began. smartglass.com Secondly, the July 19, 2002 concerned a rather innocuous release concerning InspechTech. It advertised 'better than expected results' for InspechTech with no numbers given. This is not what I would call earth-shattering news. Thirdly, If you believe that Saxe was taking advantage of his insider information to pick the best possible time to sell you would be wrong. Saxe's timing couldn't have been worse. He actually ended up selling during the lowest point of the year. If he was looking to milk the REFR cow he failed miserably. If he were the conniving fraud you suggest then he would have sold the first week of January, 2002 when the share price was close to $20 per share and not during the two week period beginning July 19, 2002 when the closing share price ran in a range from $10.45 (July 19, 2002) to $8.79 (July 31, 2002) Fourthly, between mid June and end of August 2002 REFR issued about 10 press releases. It seems to me that no matter when Saxe would've sold you would have accused him of selling into one of those press releases. 10 press releases in 10 weeks is an average of 1 a week. Also, during that same period of time that Saxe was selling Keen bought 22,000 shares. If this was a golden opportunity to sell, as you suggest, you have to wonder why Keen didn't sell as well. He did the exact opposite. You supplied me with no information about the Saxe/Harary sales of 1998 so I assume they have even less substance than the 2002 Saxe sales. Also, you didn't answer my inquiry about whether or not insider buying is a legitimately good sign for a company. Funny how you missed this. It's the simplest question on earth to answer...except for you. Your posts are pretty lame Gary. You need to do a lot better than this to be convincing. Ed S.