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

To: N. Dixon who wrote (9259)	6/24/2014 7:27:21 PM
From: N. Dixon	Read Replies (2) \| Respond to of 50037

RE: Boxing .Research Frontiers has lawfully obtained and turned over to the proper authorities documentation indicating that ASENSIO & Company has maintained a long position in Research Frontiers common stock during the relevant periods when ASENSIO & Company had indicated in its press releases that it had a short position in Research Frontiers common stock. We invited you on several occasions to publicly explain in detail why this is so, and why you have not publicly disclosed this fact in view of the legal requirement that you make full disclosure.

To: N. Dixon who wrote (9259)	6/24/2014 7:47:52 PM
From: StockDung	Respond to of 50037

On June 15, 2001 you issued your first public “press release” about Research Frontiers entitled “REFR makes unsubstantiated future profit forecast.” While our targets are based upon data supplied to us by our various licensees, your conclusory statement that you believe our forecasts to be unsubstantiated is your own opinion which itself is not supported by any facts.In addition to the unsubstantiated opinions you express in your June 15th press release, we have publicly noted and stated in earlier correspondence which both we and our law firm have sent to you which you have chosen to ignore, that statements contained in your various press releases are false and misleading." Message 29596756 REFRMADNESS!! "

To: N. Dixon who wrote (9259)	6/24/2014 8:04:02 PM
From: StockDung	Respond to of 50037

"On July 12, 2001 you issued yet another false and misleading press release which, among other things, publicly maligned one of our licensees for SPD smart windows, ThermoView Industries, with false accusations regarding their corporate history. It has been reported to us that you were subsequently privately apologetic to ThermoView, yet you still have not publicly retracted this false accusation despite your having been publicly and privately corrected by several sources. We also note that documentation which conclusively disprove your accusations has been turned over to the SEC and NASD for further action. Your failure to retract repeated statements by you which you know to be false relating to ThermoView again shows that you are at best careless with the truth and with those that you defame, and is also a violation of applicable laws and regulations which apply to you and your firm." Message 29596756 ThermoView Industries, Inc. Announces Reorganization Under Chapter 11 and Delisting from the American Stock Exchange LOUISVILLE, Ky., Sept. 26 /PRNewswire-FirstCall/ -- ThermoView Industries, Inc. (Amex: THV), which designs, manufactures and markets home improvements, today said the company and its subsidiaries filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code on September 26, 2005. ThermoView and its subsidiaries employ over 700 people in 17 states with corporate headquarters located in Louisville. The Company's bankruptcy filing was the result of increasing pressure from high debt levels, including senior debt coming due in mid-2006. The Company has been struggling to overcome these pressures for some time and had achieved several financial restructures with its senior lenders in the last two years. However, recent conditions had made it impossible to continue operating outside of bankruptcy protection. The Company enters Chapter 11 with an interested buyer, an affiliate of Milestone Capital Management, LLC, which has already executed an Asset Purchase Agreement with the Company, subject to the auction bidding process and court approval. The Company also expects court approval of a $750,000 loan from an affiliate of Milestone Capital to shore up its liquidity during the bankruptcy proceedings. The Company had been seeking various forms of a restructure, including an infusion of capital, a buyout of the senior lenders' positions, sale of part or all of the company's assets to a strategic buyer, or an internal voluntary restructuring by all stakeholders. Company officials stated they expect this financial restructuring to result in ThermoView Industries becoming a stronger, more efficient company. ThermoView CEO Charles L. Smith stated, "We voluntarily filed for reorganization under Chapter 11 in the best interests of our customers, suppliers and the 700 families of our ThermoView employees. It is our intention and belief that we will continue to operate as near normally as possible during this time. We will continue to perform all contracted work and generally do whatever it takes to make our customers happy. It is crucial to the success of our reorganization that we continue our high standards of customer satisfaction throughout this process. We look forward to emerging from this reorganization a stronger company with a promising future." Mr. Smith further indicated that it would be contacting all vendors and other business partners in the very near future about the details of continuing relationships during and after the reorganization. "We are thrilled to have the opportunity to work with the management team of ThermoView to reorganize the company and emerge from bankruptcy," said Murry N. Gunty, Managing Partner of Milestone Capital. "Unfortunately, though the business is very sound, they were operating under a legacy capital structure that inhibited the company's performance and opportunities for growth. Upon completion of the transaction, we look forward to growing the business with management." ThermoView also stated that its Board of Directors resolved on September 22, 2005 to inform the American Stock Exchange that ThermoView would not be able to regain compliance with the Exchange's continued listing standards within the extension provided by the Exchange. As previously communicated, ThermoView received notice from Exchange staff by letter of April 28, 2005 indicating that the Company was below certain of the Exchange's listing standards. ThermoView was granted the opportunity to submit a plan of compliance to the Exchange, and on May 31, 2005 presented its plan to the Exchange. In a June 28, 2005 letter, the American Stock Exchange accepted ThermoView's plan of compliance and granted the Company an extension of time to regain compliance. However, the Company has today informed the Exchange of its inability to regain compliance with the continued listing standards. Recent charges for impairment of goodwill, as well as the Chapter 11 reorganization, ultimately necessitated this decision. The Company expects the Exchange to begin delisting procedures immediately. About ThermoView Industries, Inc. ThermoView is a national company that designs, manufactures, markets and installs high-quality replacement windows and doors as part of a full-service array of home improvements for residential homeowners. ThermoView markets home improvements in 17 Midwest and Western states under well-known regional home center brands that include Thomas, Primax, Rolox, Leingang, ThermoView and THV. All of these brands are consolidating under a national brand, "THV, America's Home Improvement Company." Additional information is available at thv.com. Milestone Capital Management, LLC, is a Washington, DC based private equity firm with $88 million of capital under management. Milestone seeks investments in a range of industries, including manufacturing, distribution, health care, restaurants and specialty retail. Additional information is available at www.milestonedc.com. Safe harbor statement Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates" and "likely" also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to our history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure, general economic downturn and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission. Contacts: David A. Anderson, Chief Financial Officer, ThermoView Industries, Inc., 502-968-2020. SOURCE ThermoView Industries, Inc.

To: N. Dixon who wrote (9259)	6/24/2014 8:24:26 PM
From: StockDung	Read Replies (1) \| Respond to of 50037

"In your various "press releases" you have repeatedly stated that you have sold shares of Research Frontiers common stock short.Research Frontiers has lawfully obtained and turned over to the proper authorities documentation indicating that ASENSIO & Company has maintained a long position in Research Frontiers common stock during the relevant periods when ASENSIO & Company had indicated in its press releases that it had a short position in Research Frontiers common stock. We invited you on several occasions to publicly explain in detail why this is so, and why you have not publicly disclosed this fact in view of the legal requirement that you make full disclosure" I see Joseph M. Harary also has never heard of boxing a stock. He should read Asensio's book "Sold Short" Asensio was most likely short REFR and also long the stock. Boxing your shorts: Why I could short TNGS when almost no one else could Categories: All Categories, Trade Recap, Trading Strategy, Very Important Posts by Michael Goode One of the problems with a lot of pump and dumps is that there are often not any shares to short when the stock is about to fall. However, there are often shares available to short days before, when the pump is just starting. For example, there were at least 5,000 shares per day of TNGS available to short at Interactive Brokers for many days prior to its big drop day. However, from January 19th (the day before its big drop) to January 21st (the 2nd big drop day) there were no shares available to short at Interactive Brokers. Below is a chart from Interactive brokers showing the share availability to short of TNGS. So what can a short seller do? The simple answer is to box the shares(this is also referred to as simply boxing). Boxing originated as a tax technique designed to delay the realization of capital gains while eliminating the risk of holding a stock. So for example an investor who was long 1,000 shares of AAPL since 1990 would then go short against the box, selling short an equal number of shares either in the same account (some brokers let you do this) or in another account, if he believed the stock was temporarily overvalued. This eliminated the risk of holding AAPL stock and did not require realizing a huge taxable capital gain. This tax loophole was closed in 1997. Now the only reason to box shares is to lock up short shares. What I do on many pumps (the ones I know I will want to short sell) is I short shares at Interactive Brokers while going long an equal number of shares at SpeedTrader. Sometimes I will already be long the stock as I do sometimes try to make money by buying pumps (but shorting is much easier). Other times I will scalp to open the boxed position (for example I might scalp short and then buy long in my other account to box, rather than covering). By boxing the shares I accomplish two things: (1) I can now short whenever I want by selling my long shares, even long after no new shares are available to short, and (2) I can get better fills when I do decide to short an OTC stock because Speedtrader has more direct-routing options than does IB. So how did I implement this for pump TNGS? I shorted 3000 shares at Interactive Brokers at an average price of $2.51 on 1/14 (that I later covered at $2.096 on 1/20 and 1/21). The same day, I bought 3000 shares in my Speedtrader account (I think I actually ended up buying for poor scalps multiple times, which explains why my average buy price is so much higher than my average short, and why Profit.ly has the position size at 4900 shares). To get net short on 1/19 when TNGS was looking weak and I thought it might drop, I sold my long shares at Speedtrader, and I rebought them when TNGS held up (again, I had partial fills and some scalping so Profit.ly shows more than 3000 shares). On 1/20, soon after the open, TNGS looked weak and actually went red on the day. I shorted then by selling my long shares and I bought them back for a loss. When it went red again just a little bit later I believed it was time for the death drop and I sold my long shares a final time (2500 at $2.83 and 500 at $2.85). To cover, later that day and the next day, I covered my short shares at IB. I covered 2,000 shares on 1/20 at an average price of about $2.16; IB bought in 800 of my remaining shares at 2.05 the next morning, and I covered the last 200 shares into the 2nd down day morning panic at $1.64. Overall I netted $1913.21 from my trades on TNGS. Even considering the total capital I needed to make these trades (6,000 shares * a maximum price of $2.89 = $17,340), my percentage return was nice (11.0%). There are of course downsides to boxing. It uses up capital (and if you aren’t careful you can generate a margin call in one account even though you are not losing money overall), generally requires multiple brokerage accounts, generates more commissions, and requires more planning than just shorting. That being said, as long as the net result is a profit on a stock that would not have been otherwise shortable when you wanted to short it, the end result makes the hassle worthwhile. The only risk to boxing is forced buy-ins of short positions. This actually happened to a couple traders I know who had boxed shares of TNGS in preparation for its big down day. One of those traders was forced by Interactive Brokers to cover his short shares right at the open on 1/20, just an hour before the stock dropped. However, being forced to cover part of a boxed position will only saddle a trader with the costs of commissions and slippage. A note on the psychology of boxing: I have seen other traders refer to ‘making money’ on one side of a boxed position while ‘losing money’ on the other side. I do not think of it like that. If I am long the same number of shares I am short, I have no net position and no risk. I consider myself ‘flat’ and think about it as if I had no positions in the stock. I then consider myself to be shorting when I sell my long shares

To: N. Dixon who wrote (9259)	12/29/2014 10:06:04 PM
From: StockDung	Read Replies (1) \| Respond to of 50037

And 13 years later REFR has not made a dime and has had loses every year and no dividends. "On June 15, 2001 you issued your first public “press release” about Research Frontiers entitled “REFR makes unsubstantiated future profit forecast.” While our targets are based upon data supplied to us by our various licensees, your conclusory statement that you believe our forecasts to be unsubstantiated is your own opinion which itself is not supported by any facts.In addition to the unsubstantiated opinions you express in your June 15th press release, we have publicly noted and stated in earlier correspondence which both we and our law firm have sent to you which you have chosen to ignore, that statements contained in your various press releases are false and misleading."