|Shorts expect that REFR is headed to $0, which IMO is substantially more than its worth.|
I'd short this at a buck.
43 years without an arms-length product sale.
About 200 press releases containing a plethora of outright lies, material misrepresentations and dare I say "fraud"?
Not a single verification of so-called SPD properties by an independent certified laboratory.
Supposed "first sales" of products scheduled for 1991, 1993, and in 1996 a press release stating that "products to appear in the near future".
Company announced in 2002 it "expected" to be profitable in 2003. End result for 2003, not a single verified product sale...as usual.
A failed, or an investor rip-off, of $7,000,000 for a supposed SPD plant that to this day has only been verified by pictures of a building in Korea that had a sign, in ENGLISH, saying it was used for production of SPD. And known sales of products from that plant totaling -0-.
Buyback programs announced that management who immediately sold stock rather than buying back stock as per PR.
Management selling directly into fluff press releases and conference call.
Supposed distributors for the product that seemingly worked from their garage.
And then there's you Nancy who claimed in a post in 2004 that you had ordered a 2005 auto with SPD windows. Where is that, eh?
REFR and their shills are a pack of lies. REFR will soon be trading back in the single digits and I expect it to be under a dollar....soon.