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   Technology StocksResearch Frontiers (REFR)


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From: Bill Wexler11/14/2007 4:44:13 PM
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Update on the REFR stock fraud

In years past, and usually during the "dump" phase of REFR's numerous pump-and-dump schemes, I would usually post a note explaining to new investor-victims exactly how they were defrauded, and the fact that Robert Saxe and Joe Harary have been engaged in this criminal enterprise for a long, long time.

This time around I really have no sympathy for the victims. Anyone idiotic enough to pay near $200 million for a concern with a thoroughly documented history of stock fraud, which has produced no earnings (much less verifiable arms-length sales) going on close to half a century, deserves to lose every penny - and then some.

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To: Bill Wexler who wrote (7024)11/14/2007 4:57:15 PM
From: 613
   of 37344
 
Welcome back Bill!

You don't still claim that the film doesn't exist, do you? Lot's of people have now seen the film (myself included). Not many have seen an products though (myself not included).

So if there is film, how can you call the company a fraud? Still to be determined how well it can sell but that's a whole different story.

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To: 613 who wrote (7025)11/14/2007 5:33:58 PM
From: Kevin Podsiadlik
   of 37344
 
You don't still claim that the film doesn't exist, do you?

You don't still beat your wife, do you?

So if there is film, how can you call the company a fraud?

Now really, isn't that just about the silliest comment that gets made about this company? Since when is "nonexistent product" the only kind of corporate fraud in the world?

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To: Kevin Podsiadlik who wrote (7026)11/14/2007 10:40:45 PM
From: 613
   of 37344
 
Kevin - are you Wexler?

Unfortunately, all predictions - as stupid as they may have been - are made under the safe harbor act. But if you choose to file a class action lawsuit against against the company for being over exuberant to the point of financial fraud, I might sign on.

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To: 613 who wrote (7027)11/15/2007 12:37:13 AM
From: Kevin Podsiadlik
   of 37344
 
Kevin - are you Wexler?

I'm surprised at how often I get asked that.

if you choose to file a class action lawsuit

Even if I believed in that as a viable course of action (hint: REFR could be easily bled dry by management long before such a suit got to court), I don't personally have any damages to claim. Not from REFR itself at any rate.

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To: Kevin Podsiadlik who wrote (7028)11/15/2007 8:43:22 AM
From: 613
   of 37344
 
Kevin - save me the trouble of going through your old posts.

Do you believe that the growing list of large companies announcing something to do with SPD are all being paid by RFI to develop the emulsion, film and products, put them in a bus at an auto show (and highlight it - not like the Jeep from a few years ago), go to the trade shows etc.

All that does cost some significant money and as you point out, they really don't have that much.

Until these last couple years (since the presentation by Hitachi and DIC at the annual meeting, you're arguments had much more of a basis.

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To: 613 who wrote (7029)11/15/2007 11:46:22 AM
From: Kevin Podsiadlik
   of 37344
 
save me the trouble of going through your old posts.

Oh, please do. I've made enough of them, and there aren't 1% of them I'm not proud of in hindsight. How many bulls can say that? In fact, I find the easiest way to get a REFR bull angry is to bring up old posts.

Do you believe that the growing list of large companies announcing something to do with SPD

What "growing list"? That little Houston company is the first new licensee in quite a long time.

are all being paid by RFI to develop the emulsion, film and products, put them in a bus at an auto show

I don't know how much, if any, of that was subsidized by REFR. Then again, there's hasn't exactly been much "developing" that I can see; the "new" film has been known about as far back as the message boards go. As for the bus, it's not like Hino wasn't putting together concept buses anyway, so the incremental cost of installing SPD on half the windows of one bus is pretty minor relative to the overall budget.

(and highlight it - not like the Jeep from a few years ago), go to the trade shows etc.

By "highlight" you mean "mention", I think. As I recall, the windows were like the seventh thing mentioned in Hino's writeup of the bus that contained them. And even then they called them "photochromatic" like they didn't even understand what they were working with.

Similarly, is there any reason to think AGP wasn't already a regular exhibitor at Sema?

Until these last couple years (since the presentation by Hitachi and DIC at the annual meeting, you're arguments had much more of a basis.

I see, and how many SPD products have been sold over the course of the two-plus years since that landmark presentation? Yeah, that's what I thought. The only thing that gave that whole argument credibility was the boom in the share price, and now that's going away at a rate that's even surprising me.

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From: Bill Wexler11/15/2007 1:22:17 PM
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If you're a victim of the REFR stock fraud...

Here is an interesting thing you can try...

Call the Woodbury office and ask to speak to Robert Saxe or Joe Harary. Ask them if they have a single pane of SPD glass installed in the headquarters or in their homes.

In nearly half a century, the REFR criminal enterprise has not delivered a single penny in earnings to its shareholder-victims nor a single verifiable arms-length sale of an SPD window.

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From: N. Dixon11/16/2007 1:54:52 PM
   of 37344
 
INSIDER BUYING!!!!

VICTOR KEEN - 6000 SHARES
snl.com

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To: Bill Wexler who wrote (7031)11/16/2007 2:03:22 PM
From: N. Dixon
   of 37344
 
Better yet call Toyota, Isoclima, Hitachi, AGP, Isoclima, Raytheon, Dainippon, Asahi's oem subsidiary for auto glass.

Those sales pay ROYALTIES!!!.
While you on the line with Hitachi, ask them why they spent 96 million yen to make sure they received all future improvements as part of their license agreement.

Bang, bang!

ND

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