Asensioexposes!com offers accurate facts that disproves past criticism of the Manuel Asensio Reports. - Manuel Asensio Report: Aug. 24, 2001 REFR‚Äôs "short squeeze" is a myth, reports Asensio & Co.

“Short-sellers play a valuable role in the market.... certainly the record of Manuel Asensio, perhaps the most notorious of short-sellers, testifies to that.”

James Surowiecki. New York Magazine

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Manuel Asensio Report: Aug. 24, 2001 REFR‚Äôs "short squeeze" is a myth, reports Asensio & Co.

Earlier today Asensio & Company, Inc. ("Asensio") and Manuel P. Asensio, its Chairman, President and Chief Executive Officer, blankly denied all statements referring to them contained in today’s Research Frontiers Incorporated (Nasdaq: REFR, $19) press release. The following is issued in specific furtherance of our earlier statement:
Manuel Asensio and Asensio did not contact REFR on behalf of any short seller, it did not state and does not believe that covering REFR would cause the stock to go up, and it did not request that REFR sell stock to any short seller. Manuel Asensio and Asensio do not believe that any investor needs to buy into REFR’s silly 35 year old money losing stock promotion. Manuel Asensio and Asensio note that according to REFR’s own absurd press release REFR’s short interest increased after REFR alleges that short sellers were seeking to cover.

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