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

To: inchingup who wrote (5201)	4/7/2004 11:42:19 PM
From: Edscharp	Read Replies (1) \| Respond to of 50536

Gary, Saxe has made some foolish overly optimistic predictions. So have I. So have you. So have a lot CEO's for a lot of companies. That is a far cry from fraud. I'm familiar with quite a few penny stock scams. It's very typical to observe crooked execs receiving undeserved options and cashing them in with monotonous regularity. I don't see the same pattern with REFR. Saxe sold stock 2 years ago and apparently, I'll take your word for it, in 1998, 4 years before that. This is not the definition of monotonous regularity. I also see other REFR execs buying shares and not selling shares. The case your trying to make has too many loopholes in it. You still haven't answered my query about whether or not insider buying is a plus. It's not hard to guess why. Your benefactor has sent down the word that you are not to acknowledge anything positive about REFR. I hope you're being compensated generously because I think your employer is making you look like a jerk. BTW, I once had a boss like yours. Early in my association with him he once harangued with a 30 minute speech about how it was not illegal to lie when doing business. He argued that it was perfectly ok to lie to a customer about shipping, product availability, quality issues, competitors, pricing issues and so forth. And, strictly speaking he was correct. You can't go to jail for being ambiguous or obtuse about all sorts of subjects. A customer may sue and win, but nobody goes to jail as a result of a civil suit. Unfortunately for him his business theory ended up exploding in his face on one fateful day - and in a most unexpected way. One day I'll share the rest of the story with you.