Uh oh, Asensio!

As if the past week were not eventful enough for a company notable primarily for its dormancy over the past couple of years, an old acquaintance of REFR's, the research firm Asensio and Company, has broken a nearly four-year silence on the company's continued failure to produce results of any kind. The firm, which, depending on who you talk to, may or may not maintain a connection with its namesake founder, controversial short-seller (a phrase about as redundant these days as "tall basketball player") Manuel Asensio, issued two brief reports Thursday summarizing the total failure the company has been over the years, referencing, as noted here first, the questionable lack of a "going concern" clause in the recent 10-K filing, and hypothesizing that the company's ability to raise funds to pay its management's comfortable salaries may be nearing an end.

Reaction to the reports was swift and predictable. It was noted that the report stated that REFR has been trying to sell SPD glass for years, when in fact it has not been trying to do any such thing. So apparently the primary objection to the report is that it gives REFR too much credit.

Other various charges were hurled at Mr. Asensio himself, none worth the dignifying that spelling them out here would give them. Suffice it to say that even asensioexposed.com, your one-stop shop for ad hominem attacks on various short-sellers including Asensio, is thus far not touching them.

Seems like everything old is new again, in REFR land.