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

To: Jonathan Babb who wrote (955)	10/6/1998 8:49:00 AM
From: Alastair McIntosh	Read Replies (2) \| Respond to of 50111

Jonathan, you wrote: BTW, REFR has another way to sell stock - issuing loans to the officers and then allowing the officers to pay those loans back in equivalent stock. See the filings, currently 1.4M in such loans appear to be outstanding to the officers. If you check the filings, in addition to the current loans, this has been ongoing for some time. Saxe has already had large loans from the company cancelled in exchange for turning in his stock. Al