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

To: Jonathan Babb who wrote (1015)	10/8/1998 7:45:00 AM
From: lawrence smith	Respond to of 50170

dear jon. read the post from your pal mr. mason and then tell me who is doing the hyping. to answer most of your questions all you have to do is review my previous posts on this board, and yahoo. it states many times who i have spoken to at msc, and their phone numbers. last month i even offered to mail my phone records to a neutral party for verification of everything that i said. mr ov2 demurred on my challenge. i will be going back to san diego today, and will be there until sat or sunday. i will call my friends at msc and say hello. just so you know, their initials are gf, and ds, and mm. i suggest you go back and read what i have said many times about what they told me. i was impressed enough to buy another 30000 shares of refr based on their comments. and i offered to back this statement up with my transaction statements.by the way, my one source at msc knows how much i want to move back to san diego. he told me that both he and i should be able to buy a very nice house in san diego, where very nice houses are very expensive. you interpret what he means by that. yes, i have been to visit rfi, aug 19 or thereabouts was the date. you can read all about it on yahoo. i believe i met all of the employees from the company. i visited the lab, where 3 of the employees were holding their noses to the grindstone. as for credentials, check out mr. saxe's and mr. harary's credentials. i know they could easily make far more in salary than they do now. but we give them stock options. they own a lot of shares of refr.in fact, they have almost all of their net worth in refr stock. i believe in them. everything they have ever told me has been absolutely right on. and right now, they are very, very optimistic about how things are going with the company. i also visited one of the roadshow displays in sfo july, 1997. i have seen the prototypes. quite impressive. i have done my homework. so as i said, i love it when all these newcomers who know absolutely nothing about the company come on the boards and bash the living daylights out of a company and management that they know nothing about. by the way, as for the burn rate, i suggest you read the agreement with orcolite to see about the minimum royalties paid to refr. they have more than three years of cash to burn. refr has stepped up their stock buyback, aggressively so. where do you think they are getting that cash from? as i said, short sellers will soon get their heads handed to them. best regards. larry smith

To: Jonathan Babb who wrote (1015)	10/8/1998 9:23:00 AM
From: lawrence smith	Read Replies (1) \| Respond to of 50170

i have reread your post. it seems to me that someone who would invest, or go short, would have already had answers to some of your questions before they made their investments. but just to clarify a few points, my first contacts with msc were over a year and 4 months ago. it was then that my one source(who frequently calls me long distance, even when he is on business trips) made several comments to me that i have posted several times. it was he who over 1 year and 4 months ago told me that they had already hired 3 additional chemists to help with the development of this technology. it was he who told me that they had never done anything like that before, but that they chose to do so in this case because they were so impressed with the technology .it was another source at msc who told me how well the meetings went with rfi last july. it was he who told me about the lower cost polymers that they want to utilize, and that was a pretty hot scoop .it was he who told me how they are experts at working with new materials as required by their customers. i have in my hot little hands some of the informational brochures that they sent me. pretty impressive. ill quote part of it for you." MSC/SFI is the leading global producer of metallized film and metallizing technology with two us locations." " MSC/SFI is the global leader in sputter metallization of films..." i can't describe the pictures of their equipment, but it does discuss how it is being updated. now all they are waiting for is the big batch of goop. they have done one small run, and as i stated before the test went as advertised. and they have told me about the durability tests that they need to do. one sample will be tested in florida, some more tests in the desert.also the alpha and beta tests with customers, location of the bus bar, etc. as for the big plans, my first source has all along told me that this will be their biggest seller. that the 1% market penetration that rfi has mentioned is way too low. yes, they have big plans for this. rfi hired one additional chemist about 1 year ago. i was briefly introduced to him when i toured the plant. and no, i did not ask them or msc about the chemist's qualifications. i do not think i need to question their judgement of who they hire. so perhaps this will explain some contraditions about me discussing the technology being developed, and n . dixon talking about the technology being ready. the goop will be delivered in two months or less. a lot has been done since my first posts, as you will be able to tell if you review the patents. by the way, you mentioned the old patents that expired. ov2 keeps worrying about them also. i suggest you concentrate on the new patents. by the way, may i ask you some of the same questions i asked him a few months ago about patents. what is your background in this regard? are you a patent lawyer? do you have any experience in this area at all? do you have any background in this type of chemistry. have you ever visited any of the companies that you invest in? if so, when? are you familiar with the background and qualifications of anyone at rfi? do you know how much has been spent developing this technology? do you know how much msc and hankuk and now visionease have spent on this? do you have any idea how far along they are, or what they have been doing for the past 1-2 years since they have become licensees? do you have any projections on how much revenue rfi will get from, lets say, each pair of goggles? in answer to the last question, i suggest you get a copy of the Faulkner report, and check out those projections. and you may want to increase it some, since the 1% projection seems " way too low."