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

To: lawrence smith who wrote (639)	2/16/1998 10:15:00 AM
From: fmrick	Read Replies (2) \| Respond to of 50212

Mr. Smith, look, I would question other companies I own, if I thought they were not doing things the way I thought is best. That is what it is all about. If you look at some of my posts on other SI boards, you will see this is not the only company I have had problems with. I can think a product has potential, but also see problems with the way it is being developed, or with the way management has handled its development. Thus, my problems with this company. In 30 years of development of this product, only a handful of people have gotten rich off it. All of those people work (or have worked) for the company. Shareholders own the company. They have a right to voice an opinion. People on this board have told me to call the company if I have questions. Well, I went through that 3 years ago. Why should I do it again? From what I see here, they would say the same thing they said then. I know this because they are saying it to people who post comments here. So what? No, I still don't like the pace of development. No, I still don't like every press release being about a new Licensee, rather than a product. No, I don't like the management. If GE had this product, we would all have our SPD glassed on today. But I still like the potential. Or, maybe I like what the product COULD be. So I stay here and watch the development. I'm sorry if I don't have the blind faith you people have. But the reason I don't is because I have been here so long. If I had put my first investment in this company in a top 10% mutual fund, what would I have now? 400-500% return. (I own shares in 2 such funds) REFR would have to be at $40-45 to match that. And I don't see that until the second or third year after the first product hits the market. Rick