ForecloSPD

Yet another dead spot in the storyline here, so let's take time-out for an amusing if somewhat sad story of SPD on the message boards.

In the never-ending process of combing for any speck of publicity for SPD anywhere on the Internet, one poster found an SPD window in the sales description of a house for sale (see the listings in the middle of the page) for over a million dollars in Los Gatos, CA, near the edge of Silicon Valley.

Jubilation turned to consternation and embarrassment, however, as other posters dug into the story and discovered that the house, like so many others in California, was both well behind on property taxes (which had ballooned around about 2005) and in default on its mortgage to a tune of just under $600,000.

Now, while the mortgage default doesn't reflect on REFR as such, it makes it unlikely in the extreme that the SPD window would be some brand-new addition to the house. Who spends thousand on "home improvement" for a home they're losing?

Besides that, REFR claims in its SEC filings to this day that there has never been a successful SPD product, so the question arises: where exactly did the window come from, then?

There's one mystery we may never solve.