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

To: balaw who wrote (5277)	4/14/2004 7:37:52 PM
From: inchingup	Read Replies (2) \| Respond to of 50560

cwink: DuPont is no big deal and you will understand why if you read the rest of my post. Frist you have to remember that REFR has had a licensing agreement with GE (bigger than Du Pone, eh?) for nearly a decade. They also have had agreements with other names such as: Sanyo Hitachi Litton Air Products and literall dozens of others. Of course, REFR fails to disclose what these agreements really say. I too could get a licensing agreement with DuPont if I so chose under the following scenario. Here is how it would work. I go to DuPont and say: "DuPont, I would like you to possibly make "x" number of widgets for me sometime in the future. If you do make me those widgets I will pay you "x" amount of $$$'s for each widget you produce. To induce you to take me seriously I will pay you an upfront fee of "x" number of $$$'s and if the time should ever arise that one of our other licensees needs a "wideget" I will ask you to make that for us. You can sell it to them for whatever price you choose to and then pay REFR a royalty of 10% of your sale price". That's pretty much the gambit as I see it cwink. That is why REFR doesn't disclose terms of its agreements IMO.