For any newcomers to this thread, I recommend reading the next several parts from a NEW newsletter writer (Kathy Knight-McConnell)...
Rhombic Corporation
Symbol: NUKE
Exchange: OTC:BB
Shares outstanding: 12,394,000
Restricted shares: 9,894,000
Float: 2,500,000 (3,500,000 when private placement is completed)
Shorts: Estimated at around 2 million by Mike Skerry
Market Makers: FRAN, HRZG, PGON, SHRP, HILL, GVRC, NAIB, WEIN
Incorporation took place in the state of Nevada on February 26, 1987, by the
predecessor company which was acquired by Rhombic Corporation on November
21, 1994.
According to Mike Skerry an in-house private placement of from one to three million
float shares with some offshore investos is being negotiated for up to $1 million. On
May 15, 1998-- Rhombic Corporation announced that the company is completing a
$200,000 financing. News may be out as early as today!!! They hope to be fully
reporting in 60-90 days as a step toward full listing on the AMEX. They also expect
to report positive earnings of .05 to .10, for the 3rd quarter which begins in July 1998.
In March 1998, Bruce Baron aggressively recommended purchase of Rhombic
Corporation in his newsletter, PERCEPTION INVESTING. His one-year target
price is $10.00 per share, with a $30.00 price target for two-years. Baron estimated,
Rhombic should earn $1.00 per share in 1998. Projected earnings in 1998 (according
to company) for P type diamond film and diamond grit is estimated at $9.5 million and
$5 million for the IEC technology add up to projected earnings of $14.5 million in
fiscal 1998. |
