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Research Frontiers Inc. Message Board

didibug01 15 posts  |  Last Activity: Jul 11, 2016 6:08 PM Member since: Mar 22, 2001
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  • didibug01 didibug01 Jul 11, 2016 6:08 PM Flag

    Standel,

    I suggest you look at the archives of posts here for a possible smoking gun.
    Shorts haven't proven a fraud conspiracy. And the Longs haven't proven that is is a viable business entity, model or product. There has been no evidence that consumers want SPD. And I know from first hand accounts that SPD in the Mercedes is for most consumers an interesting gadget for about 5 minutes and then the novelty wears off.
    One suggestion is the post on 1/24/2012 by CSMulturm. Search under, "NM scandal"
    In that post CS recaps (and provides links) how the R&D for the company "jumped" by nearly a million dollars in 2007 (greater than the 2006 period and then in 2008 it returned to more typical levels) during the New Mexico State Retirement Fund scandal in 2007 when the fund became heavily invested in REFR and there was a Business Week tout on the stock. Allegations in the scandal were that there was a "Pay to invest" scheme going on (hence the jump in the R&D expenditures for just that window of time). For most of the last 20 years there have been allegations and suspicions of the company "buying sales with R&D expenditures--less a commission of course". This action all correlated with a jump in the SP followed by a greater drop in the SP.
    It would have been impossible for at least the CEO, President and CFO of REFR to not be complicit. IMHO, it would not seem that the board members had the smarts to have any idea of what was going on or how to determine it.
    The auditors, who knows?
    Best of luck.

    Sentiment: Strong Sell

  • Reply to

    Another question IO

    by threespeech Jul 27, 2009 10:53 AM
    didibug01 didibug01 Jul 6, 2016 11:22 AM Flag

    Coinstar9 is no Karnack.
    In july of 2009 Coinstar9 predicted the following for the year 2012:

    No need to raise additional funds (hrumph--well Kevin Douglas showed up in the nick of time)
    Predicted a share price of $30-60.00 (only missed by 90%)
    Predicted $2-3.00 per share of profitability (not even close)
    Predicted $50MM in FILM sales and $300MM in product sales (what can I say?)
    Said if the stock price hit $.15 he was going to take his bucket of change and put it in a Coinstar machine and buy a ton of REFR stock. (So I guess Coinstar is doing the buying this morning)

    DIDIBUG in 2009 predicted:
    Sales would not go over $2MM by 2012
    REFR would continue to lose $1MM per quarter
    REFR would need to continue to raise more and more and more money selling stock
    $3-4.00 stock price

    CONCLUSION: Listen to the Bug.

    Sentiment: Strong Sell

  • Reply to

    SPD is becoming the betamax of smart glass

    by threespeech Jul 5, 2016 8:28 AM
    didibug01 didibug01 Jul 5, 2016 10:58 AM Flag

    Les,
    Nice try on the STORYBOARD, but really you don't have any retrofit business. Nor aircraft. Nor architectural. And M-B is the only game that REFR has....for now. I think there is a better chance of losing M-B than growing it to another auto OEM
    The Betamax analogy is spot on!!! Kinda grim story line, no?

    Sentiment: Strong Sell

  • Reply to

    The STORYBOARD at REFR is b-l-a-n-k

    by didibug01 Jun 28, 2016 3:24 PM
    didibug01 didibug01 Jun 28, 2016 3:48 PM Flag

    Yeah, I heard that same line in June 2014 about the S-Class and aircraft and new OEM's. Thanks for validating my point!
    Sure would hate to be long, 20MM share long and 900K short, seems the longs are way more stuck than shorts.

    Sentiment: Strong Sell

  • The storyboard at REFR is b-l-a-n-k.

    There is no potent stories left in this story stock.
    A year ago the story contained:
    1) BMW, 2) Lincoln Continental, 3) The E Series, 4) The S-Class, 5) North American film maker, 6) Milan, 7) Museums, 8) Jets, including Boeing and Airbus. 9) The patent case against E-Ink, 10) A confident, optimistic CEO making calls on the M-B dealerships

    POOF! Its all gone.
    Look at SI on the "Happy Board", what have they go to say? ZIP, ZERO, NADA for a week at a time.
    POOF! its all gone!

    Cash is dwindling, revenues are faltering, losses continue, Mercedes doesn't have the S-Class (WITH MSC) in either the dealer inventories or on the MBUSA website, nonsense now is that Mercedes is "sharing" its testing with other Auto OEM's, Mercedes acting like they are going to dump MSC and REFR, patent case is out of gas, critical patents are closer to expiring, KD can't buy more stock, Craig-Hallum is a no show for 4 quarters at CC's, SAGE and View are booming, CEO in the CC's sounds like "a little boy caught with his hand bopping the baloney" by his angry Auntie Maime.

    POOF! The STORYBOARD at REFR is b-l-a-n-k!

    Sentiment: Strong Sell

  • Reply to

    NEW 52 week low for REEFR

    by stockdung1 Jun 27, 2016 1:20 PM
    didibug01 didibug01 Jun 27, 2016 2:09 PM Flag

    I think the next SI poll should ask, "When do you think the REFR SP will drop in to the Terrible Two's"?
    Before July 1
    Before July 8
    Before July 15

    But the "Cult of REFR" will never sell. Zealots will never admit defeat. Joe will quit before Dixon does.

  • "Please help me I'm falling...."
    "REFR bridge is falling down..."
    "REFR keeps falling on my head..."

    Oh, did you see, the price of REFR is falling?

    Ah but the zealots, crazies and the true believers on SI know that Messiah Joe will arise in Q4

    Sentiment: Strong Sell

  • Reply to

    Joe is a dairy farmer

    by stanledel Jun 13, 2016 12:31 PM
    didibug01 didibug01 Jun 14, 2016 6:07 PM Flag

    You are wrong! All wrong. Automotive revenue is not "slow but growing" it is DECLINING.
    If you don't sell, I don't care, in fact I wish you would double-down and buy buy buy.
    SEPT 2016 $5.00 Calls are only 10 cents. Heck of a deal!
    There is not one GD thing that looks good here anymore. The story board is empty. Even the cheerleaders and refr employees on SI can't find anything good. "Maybe later" is the new story?
    The story board is blank.

    Sentiment: Strong Sell

  • Reply to

    Joe is a dairy farmer

    by stanledel Jun 13, 2016 12:31 PM
    didibug01 didibug01 Jun 14, 2016 11:41 AM Flag

    Lester,
    The hard reality here is that REFR revenue has been flat to trending DOWN over the last 4 years. And losses and the fat salaries, bonuses and stock options continue.

    The promise of growth and riches has not just been broken, it has been shattered.

    *Nothing of any substance has come out of aircraft.
    * There is no second film manufacturer, in North America or anywhere else.
    * That big lawsuit and IP case--CRICKETS.
    *Nothing has come out of the World Expo in Milan (in fact REFR did not get paid one dime of royalty there) and you have not one single thing (not one project) to point to that has come of Milan.
    *Your weak come-back is all this blather about the V222....which the likes of you and Dixon and Akna have been hyping and promising since mid May of 2014..And so maybe you will have a quarter in 2017 that goes above $500K. And then, probably not. You will remin a $2MM annual revenue company at the very, very best. I know quite a number of Mercedes dealer principals and general managers and none of them have even had a phone call from Joe or anyone else at REFR--save a presentation.

    There is absolutely no reason to buy or hold this stock. It has a management that is committed to collecting a lot of money and not doing much, or working very hard, or spending much time in return. There is nothing to show that revenues are growing. Say it with me, "There is NOTHING to show that revenues are growing." And nothing to suggest that revenues will grow, in that favorite word of REFR-speak, "soon".

    I get it, you are a true believer. You are probably still sending money to Jim and Tammy Faye Baker..

    Sentiment: Strong Sell

  • Reply to

    Joe is a dairy farmer

    by stanledel Jun 13, 2016 12:31 PM
    didibug01 didibug01 Jun 13, 2016 3:28 PM Flag

    I think Joe is a pig.
    Oink. oink, oink.

    I don't think you have to worry about poor old Joe going to too many car dealerships and helping them sell cars with SPD. He stays home as much as 80 year old Bob. And Michael LaPointe stays home in Anchorage tending to his dogs and amature baseball. One item of interest in discovery would be to unfold the various forms of nepotism within the employee ranks (several are related by marriage where spouses are sisters). And second would be to unfold the "other jobs" the senior REFR employees have held concurrent with their REFR employment.

    I think you are looking for malfeasance or misfeasance. And Joe, and Bob before him, have hidden behind "safe harbor" for decades. Very very tough battle.
    What exists here is nonfeasance....and I doubt that is can be litigated. It would require proving harm from doing nothing. Joe has just imitated Jerry Seinfeld, both have made millions doing a show about "NOTHING".

    Sentiment: Strong Sell

  • Reply to

    Preparation for dilution

    by threespeech Jun 4, 2016 8:49 AM
    didibug01 didibug01 Jun 6, 2016 12:47 PM Flag

    Kinda interesting to look at the REFR financials to have a consideration for when more cash will need to be raised in another PIPE.
    The company continues to have 65% of annual revenues showing up as Account Receivable. Seems to be a risk factor for a default and a "surprise loss". Or is it "channel stuffing"?
    Total Assets on the Balance Sheet from 6/30/15 has shown a drop from $11,390.000.00 to $8,466,000.00 on 3/31/16. In four quarters there is a loss of right at $3MM and that is with raising about $315K in stock sales in the period.
    Even IF my Boy Lester is right and the company can hit $750K/Q in top line revenues in Q3 (and he has been wrong about that prognostication for over a year and a half) the company will continue to lose at least $3.5 MM for the current fiscal year.
    How can they avoid selling more stock and diluting stuckholders further?
    Read over on SI that AKNA has suggested that if REFR were to get all of the Boeing business it might add less that $1MM annually to the top line--so much for the fastest growing sector of the SPD business.
    I just cannot see how the prospects for REFR can improve.

    Sentiment: Strong Sell

  • didibug01 didibug01 Jun 3, 2016 1:42 PM Flag

    Poor Nancy, it has been a while since she has even posted that silly take rate chart.
    Been quite a while since she mentioned anything about the IP lawsuit.
    No talk lately about profits or share buy back or dividends on SI.
    She has even admitted that predicting anything about REFR is near impossible.
    She has been as quite as Joe when the news is bad.
    She is red with embarassment.
    She looks stunning in red!

    Anyone else wondering if we'll see REFR go below $4.86 today?

    Sentiment: Sell

  • didibug01 didibug01 Jun 2, 2016 12:10 PM Flag

    So Networthdev seems to be saying that it is the longs that are keeping the price down so, "the last thing you want to do is don't attract attention to your buying and make future purchases more expensive".
    So Lester is finally right about something, " the stock is manipulated".

  • didibug01 didibug01 May 31, 2016 1:26 PM Flag

    So what manner of explanation do you have for the SP dropping when there was buying to cover short interest and the 70K shares of buying that Goldman did?
    What in the world was Ira thinking?

    Sentiment: Sell

  • didibug01 didibug01 May 26, 2016 3:40 PM Flag

    And that $400K in aviation revenue costs $140K in compensation just to Michael LaPointe (one of the most inept, dimwitted people I have ever, ever spoken with), the VP of Aerospace, plus his expenses.
    Plus any possible "subsidies". Nice business if you run it on someone else dime.

    Sentiment: Sell

REFR
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