Marking time

I really didn't have much else I wanted to say, the past couple of years of developments notwithstanding, as in the end was all just chasing the wind, as the Book of Ecclesiastes puts it. But just for completeness sake I will note the following that has taken place in the couple of years since my last check in here.

Apparently REFR's SPD formulation did finally get a taste of the big time, being offered as an option on some of the higher-end Mercedes Benz models.  The low inclusion rate of the feature, roughly 2% per scans of automobile websites, made the rather large bump in quarterly income quite a surprise to the message boards, but the actual stock market was deeply unimpressed, as well they might be given that even with the increased income they were in fact no closer to profitability.  Expenses, strangely, seemed to increase in line with the newly found income. I will leave the theorizing of the wherefores behind that to the usual suspects.

Actually, though, there was one exception of note to the blanket declaration that Wall Street was wholly uninterested in REFR's story. A Mr. Kevin Douglas popped in one day a few months ago with a filing that showed he had acquired 9% of REFR's common stock.

Who is Kevin Douglas?  A very good question, and one that has been of interest to some on Wall Street.  Mr. Douglas had a rather successful run of trades in companies such as IMAX and Monster Beverages. So the revelation that he had taken an interest in REFR in September started a small run on the stock, up as high as $5.00 a share.

However, other large investors appear to have failed to follow suit, and we may never know what spurred Douglas's interest in REFR, as earlier this month he registered the majority of his stock for sale, enough to put him below the threshold for any further reporting requirements.

(To address the inevitable nitpickers, yes, the filing does not constitute the sale of stock in and of itself.  After all, for example, Douglas has no guarantee he can find buyers at an acceptable price. But, let us be grownups about this: people do not file SEC registrations just to keep in practice. This is clearly a statement of intention to sell, and no further notices will be issued regarding the sale. So you may feel free to remain in your la-la land of "you can't prove he actually sold", but the rest of us will just ignore you.)

So effectively, we are back where we were two years ago.  And with that I bid you adieu once again.  I don't promise this will be my last word on the topic, I don't promise that it won't.  Good luck out there.