Thermo goes cold

Yes, I know I said I would discuss REFR's presentation at the Long Island Investor's Conference last week, but frankly, no one I've talked to has had anything to say about it, and I haven't gotten around to listening to it for myself. Whatever they said seems to have attracted some tepid interest based on the subsequent price action, but with Stark Investments sitting there taking whatever they can get for their mountain of shares, this thing is not going anywhere fast anyway.

But meanwhile, one of REFR's more infamous cohorts, Thermoview Industries, filed for Chapter 11 bankruptcy earlier this week. Thermoview was the architect of the "rollout" in 2002 into which REFR founder Bob Saxe sold a significant chunk of stock. To this day Thermoview carries a link to a page describing "AlterLite" windows based on SPD, but apparently sales from that miracle product weren't enough to turn the tide for the struggling home improvement company.

This, coupled with Infinitint (f/k/a Razor's Edge and SPD Technologies) appearing to have repackaged itself once again, this time as PrivaSee Glass, selling a decidedly non-SPD-based product, and the decline of the REFR "empire" is becoming more and more evident by the day.