Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mama Bear who wrote (1087)	10/13/1998 5:47:00 PM
From: N. Dixon	Read Replies (1) \| Respond to of 50136

<<To continually try to represent others as liars and unethical because they do not agree with your farfetched conclusions demonstrates your lack of character clearly.>> All I ask of any of you is to put in writing WHAT FACTS we don't understand. Then perhaps we can get you the information you need to verify what we have said. Is that asking so much? If by "farfetched" you are referring to the following than I suggest you read it in context. It was not my scenario but the reaction of someone else to the absurd scenarios that were being thrown around shortly after the announcement Please note the context so that you don't misconstrue this as MY belief as to what will transpire. <<Just got this email from one of the attorneys whom I had look over the SEC filing. I had faxed him Mr. Babb's and Mr. Wexler's interpretation as well as some of the notes from people on the board.. I think you will find his response interesting. "Death spiral? Who are these guys kidding? The agreement clearly states that ALL the options are in the hands of Research Frontiers and the only death spiral I can envision is for the short seller. You see Research Frontiers has already announced that they intend to buy back stock in the open market and retire the shares. With this agreement they can now easily pick up $15million dollars worth of shorted stock and sell it back to Ailorous for a profit. Ailorous is obligated to buy and Research Frontiers sets the price. I would imagine Robert Saxe would know best how to time this since he is priviledged as to what news items are coming and their potential impact. So a short seller would have all his stock bought up by the company providing a floor for the stock price until news is released and then be forced to buy it back for a loss after good news drives the price up. Then the company can just "put" the shares to Ailorous and make a tidy profit for shareholders without even diluting the float. I hope Saxe is smart enough to do it!">> My personal opinion is that if and when the funds are used it will be at significantly higher floor prices than the stock currently sells for and it will be used for things that will enhance shareholder equity and will far outweigh any dilutive effect. What else would make sense? ND