"You cant redraw new lines in the sand. What is next years argument? PE numbers? One year its all a scam years later everyone is going to be fighting over REFR patents? I dont think so! You cant argue both ends here. You are arguing the company will never have enough sales to amount to anything. Then you take the other side and say its is so valuable everyone will fight over patents."
Since I said I was going to take a break from Nancy's board and post my replies here, I've kind of cornered myself into this awkward format, but I didn't want Finta's questions to go unanswered.
Sorry, Finta, but I can make both arguments and I am. The conceit of Harary's vision of REFR as the "royalty collecting, dividend paying machine" is that there's just one more hill to climb, they just have to get over the break-even point, and REFR shareholders get to feast on shrimp and crab balls on their private yachts in perpetuity thereafter.
Back in the real world, though, it just isn't that simple. Hitachi is not here to put REFR's interests ahead of their own. If they really have managed to turn the proverbial sow's ear that is REFR's SPD technology into a silk purse of something actually marketable, they're not going to just hand over a big cut of the profits to a company that contributed nothing to that effort, if there's anything they can do about it.
And it is most emphatically not necessary to concede Hitachi has succeeded in doing this, before pointing out that argument exists as a backup to the long-running bear case in REFR.
But go ahead, keep bidding up that stock. I'm sure it'll work out somehow.