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

To: Jonathan Babb who wrote (1004)	10/6/1998 5:55:00 PM
From: Roger A. Babb	Read Replies (1) \| Respond to of 50504

Jonathan, yes it is time to move on to a discussion of the technology merits now that the financials are understood. I have some work underway in that regard. The S3 can be simply summed up as follows: The company has the right to sell shares to the investor at an 8% discount to market subject to a floor price. Almost like calling your broker and saying "sell 100 MSFT limit $95" where the broker will then sell the shares at the market price IF the market price is $95 or more and charge you an 8% commission for making the trade, the broker may or may not keep the shares for his own account.