Maintaining appearances

A followup, almost by way of epilogue to the investigating101 survey of InspecTech, was submitted early this year by soulard1_1999, one of the regular critics on the Yahoo! REFR message board.

Apparently Soulard called National Jets and asked the receptionist about James Lang, president and sole proprietor of InspecTech, whose office space is located within the headquarters of National Jets.

Soulard learned that James Lang was in fact an employee of National Jets. This no doubt goes a long way to explain how his office came to be in a "secure area" within the National Jets building. Then Soulard asked what department Lang worked in.

"Maintenance," he was told.

Soulard went on to converse with Lang's boss at National Jets, named Forrest "Twig" Dodd, who went on to reveal that Lang's jobs was primarily "inspections". Thus, the name "InspecTech", one might surmise.

This matter raises a number of disturbing questions about the complicity of National Jets in the whole phony promotional effort, but that is a line of discussion for another day and most likely another forum.

In summary, we have seen that REFR made a profitability projection in 2001 -- and in the process significantly boosted its stock -- based on a "sales goal" set by a maintenance worker at National Jets. This is either an example of inexcusably poor scrutinization on the part of REFR management, or conspiracy to commit fraud.

And yet some people claim to trust these people with their investment capital. Just incredible.