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Microcap & Penny Stocks : Research Frontiers (REFR)
REFR 0.830-1.4%12:59 PM EDTNews

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To: Rancon56 who wrote (21668)3/8/2018 4:30:58 PM
From: JoAnnBarbour5 Recommendations

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Sorry shorts/bashers, no death spiral financing.

In February 2018, a small group of long-time shareholders of the Company made an interest-free long-term loan of $1.25 million to the Company which is expected to convert into common stock at a price equal to the market price of the Company’s common stock when the loan was made plus warrants exercisable at a premium to such market price.


There is now enough cash on hand to last through the end of 2019.
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