Quarterly report time

As per standard procedure, REFR released its quarterly figures via its SEC 10-Q filing, with no fanfare whatsoever.

A glance at the balance sheet reveals that the cash position has indeed pulled back from the brink, up to $6.2 million, meaning that the company has bought themselves almost exactly five more quarters with their latest shelf offering. The quarterly loss was down as well, due mostly to the lack of a partially-owned subsidiary being shut down and written off this year.

That leads in to what was basically the only other item of interest in the filing, a lengthy paragraph detailing the whole sorry story of REFR's investment in SPD Inc. The bottom line, REFR invested about $825,000 in SPD inc., and in the end received a liquidation payment of $44,203, for a return of -94.6% on their investment.

Compared to that, an investment in REFR stock was actually relatively good.