"The Enterprise is yours."
"...for as long as she lasts."
-- Jean-Luc Picard and Will Riker, Star Trek: The Next Generation, "Contagion"
REFR shares underwent a mini-rally the past couple of days on word that they were getting a new CEO to replace founder Robert Saxe. The not-so-good news: the position is simply being taken over by Joe Harary, the man who's been running the company in all but name up until now, just making it more-or-less official.
Saxe remains onboard, literally, retaining the title of chairman of the board, but basically this amounts to more chair shuffling while giving Saxe more of the semi-retirement he's probably already halfway into already.
REFR shares, having been pummeled all year, needed little excuse for a relief rally. But in the longer haul, REFR is appears to be more and more resigned to having to make their next capital raising effort at record-low prices in a horrible market for such speculation.
At any rate, I remain with only the best holiday wishes for all readers.
Tuesday, December 23, 2008
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