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

To: Jonathan Babb who wrote (1104)	10/13/1998 7:52:00 PM
From: N. Dixon	Read Replies (2) \| Respond to of 50119

Jonathan, <<she tends to choose stocks with convertibles at first glance appears to be correlated to the kind of risk she is interested in taking, and not that she is intentionally promoting convertibles.>> I think this statement is intentionally disingenuous. I have owned several stocks over the last twenty years, among them blue chip stocks. I don't think the above statement in any way accurately reflects my investment pattern. I have repeatedly told you and all the others who continue to paint the REFR financing as negative that it does not fit even the most farfetched scenario of how the investors could be hurt. On the contrary it provides us cash well into the millenium and way past our first revenues which will follow product introduction next year. Your statement still seems to imply that there is a scenario in which this financing could hurt the investor. I would appreciate if rather than obtusely alluding to it, that you stated it plainly and the evidence you've compiled that would back up such a scenario. I would like to put to rest once and for all the false impression that there may be something that investors should be concerned with as opposed to delighted with (as most people see the deal) regarding the Ailouros financing. I will assume that if you cannot come up with a "reasonable" (i.e. likely) scenario then there is none. ND