Woodbury's Research Frontiers heralds 'smart' glass
Join the discussion below, or Read more at Newsday.
#1 Jul 31, 2007
Newsday is giving credence to this scam. Your story includes some balance but fails to note the extreme hype that has been a hallmark of this company. They have been luring investors for decades with tall tales of huge profits. They have been promising, "revenues are around the corner" during almost all of the 40 years. Mr. Saxe and his buddies have been making huge salaries that dwarf sales. The reporter should have looked at press reports for 2003, 2001, 1999, 1994 etc.
#2 Aug 1, 2007
If future was so bright, he wouldn't be dumping into the scam. All you need to know: NO SALES, NO EARNINGS, NO DIVIDENDS, yet the insiders get rich on megasalaries and stock options. REFR is selling hype and a dream. Show me the money!!!
Research Frontiers President Sells Stock
Friday July 27, 10:58 am ET
Research Frontiers President and Chief Operating Officer Sells, Gifts Stock
NEW YORK (AP)-- The president and chief operating officer of Research Frontiers Inc. acquired 31,43 shares of common stock, then sold and gifted shares, according to a Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Joseph M. Harary reported he sold 24,431 shares for $14.42 to $15.03 apiece Wednesday and Thursday.
Harary also gifted 7,000 shares Tuesday.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Research Frontiers is based in Woodbury, N.Y.
Harary said that Hitachi's recent announcement is the most tangible evidence to date that the product is close to reaching a worldwide market. Other licensees also will soon begin production, Harary said, and potential customers, such as architects, are beginning to integrate it into their design plans. Research Frontier's stock prices have increased with the Hitachi announcement, rising from its 52-week low in September of $4.06 to $15.24 this month. The stock closed yesterday at $14.27.
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