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Thought I better mention this high tech company I've been following for a while now. Recently went to $1.62 but with lack of news/delays has drifted quietly down to .56. Very little volume these days. 11.7 million shares outstanding with a float of only 700,000 shares. There technology is a fusion energy producing device called the IEC (Inertial Electrostatic Confinement) unit as well as a diamond filming technology. The IEC unit is now being produced in Trauen, Germany by the joint venture partner DAIMLER BENZ AEROSPACE (DBA)and uses include contraband detection at airports, cancer control, coal-oil and mineral exploration as well as medical and dental x-ray machines. Rhombic will recieve a 3.5% royalty from all worldwide sales. We are waiting for a news release by DBA announcing their announcement with Rhombic. A major financing is in the works with a US brokerage firm who are at the d.d. stage of just returning from Germany where they checked out the plant in Trauen. As well, a factory is about to be setup in Columbia, Missouri with respect to their diamond filming technology. This one could be VERY explosive! |
