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

To: Paul M. who wrote (726)	3/8/1998 3:12:00 PM
From: lawrence smith	Read Replies (1) \| Respond to of 50255

i received a very short note on my answering machine from my source at msc. he was in chicago on his way to london. he said that they are waiting to receive from rfi a new batch of what ill call emoluments to coat and test. he said he was as positive as ever on this stuff and to call him back in two weeks. more news as soon as i hear it.

To: Paul M. who wrote (726)	3/8/1998 3:24:00 PM
From: Richard	Read Replies (3) \| Respond to of 50255

I have read several of the negative posts. Most are reminiscent of many notes that I have personally directed at the Company over the years. In defense of Bob Saxe, he has never promised anything regarding commercializations during all this time. Rather, he has poorly predicted the time frame in which commercialization of SPD products would appear in the market place. Annual reports that go back as long as the company has been public have intimated that commercialization was just around the corner. I think that the most negative side of Bob Saxe is that he has never appeared to be a person with a lot of business acumen. He has never been able to "close the sale", while all the time appearing to be so close. But while he has been a miserable predictor regarding the time frame in which events would occur, as an investor for so many years, I have seen everything, with the sole exception of commericalization, that he has predicted eventually come to pass. Research Frontiiers has always attracted powerful, large companies that have signed on to the technology through the years, but for whatever reason, they did not achieve any tangible results. These companies have included, ITT, Litton Industries, Tokheim (gas pump displays), and Owens Corning, to name the most notable. When General Electric signed on a few years ago, the stock hit an all time high of around 16. There was speculation at the time that GE would buy the company. But GE, like several other American companies that have shown an interest in REFR, has shown a lack of interest in pursuing the technology. The company has received great attention in the media in respected publications such as Science News, The New York Times, Popular Mechanics, trade industry publications, and many newspapers have carried articles about the Company. Always, there is a spike in the stock price, and always has it dropped again to lower levels and await the next news announcement. That has been pretty much the way it has gone since the company came public in 1986. The coming and going of large companies has been the norm. That is, until the Koreans signed on as licensees. Even the giant Japanese and French (St. Gobain) companies seemed to show little interest in advancing the technology. But not the Koreans. Hankuk has taken the company into a new realm. Control for the future of the company has been seeminly taken out of the control of Bob Saxe and the future of the Comany is now being driven by Hankuk. It has been the bold prediction of Hankuk that SPD products would appear in the market in 1998. It is Hankuk that diplays their prototypes at trade shows. And from my understanding, because of the advancements made in the laboratory by Hankuk, Material Sciences has devoted a team of personnel and resources necessary to developing and marketing SPD film products. And so, I am told, has Monsanto intensified its efforts through money and manpower to the commercialization of SPD products. These events show a marked departure from REFR's past. There is a definite momentum toward commercialization, and again I would like to point out that this is not being controlled by Bob Saxe. Forces outside REFR are now in control of the company's future. Advancements in the technology have demonstrated that problems which prevented commercialization in the past have been overcome. Never before have so many high powered international companies, with so much to gain, been so close to commericialization. And an emphasis must be placed on ":so much to gain". The profit potential is, as it has been shown to be for many years, is enormous. And as the Company gets ever closer to commercialization, it is being noticed by a larger audience of investors. It seems to me that one day the company will be bought out by one of its giant partners. I have always believed that $200 per share would be reasonable. I still hold these thoughts and am more confident than ever that they will be achieved sooner rather than later. Another important departure from the past is that REFR now has a very high powered PR firm in control of its press. This company orchestrated the tremendous PR success of "Deep Blue" for IBM. Why would such a company with so many powerful clients put its reputation on the line for such a small fish as REFR if they didn't believe that commercailization was soon to be achieved? I could go on. And I hope that this response hasn't droned on too long as it is, but REFR's tiime has come. SPD technology is on the brink of handsomely rewarding everyone involved.