| |
Rhombic update:
1. First of all the corporate guys got back from court and the judge has placed a
restraining order on the shares. This will be in effect till late October when a final
ruling will be given - looks very good for maintaining the restriction on the 3,000,000
shares that Rockford holds. These were shares that were paid to Rockford for their
technology and the deal was that they would be restricted till year 2000.
2. Back in April, Rhombic was in desperate need of financing. Since that time they
have essentially completed a 504 (around $200K - not much but it helps), they also
have a New York investment house very close to a long term financing deal ( a few
million). Recently, they have had additional parties knocking on their door! That is a
very positive indication of the potential worth of Rhombic. The biggest risk we have
as shareholders is stock dilution due to the need for financing - so far thinks are
working out pretty well.
3. OK now Daimler... It looks like the product line using the IEC technology will be
FUSION STAR (TM). They (Daimler) continue to put together marketing info and
brochure, video tape, etc. In my mind, the main reason for seeing any release from
Daimler on the IEC is to further validate the connection between Daimler and
Rhombic. However, I think we're already there. I've seen several emails from John
Sved who is the project manager at Daimler. I don't think there is any question that
Daimler is indeed manufacturing Rhombic's IEC technology under a JV license
agreement. It still is not clear to me when Daimler will publish a PR to their
shareholders introducing this new technology...It is clear that Daimler will do that on
their own terms.
4. Diamond film - looks like it will be moving in a few months. Diamond doping - they
still need to get the good Dr Prelas back into the lab to repeat some of the
science...that's about 6 months of verification. It sounded like there would be periodic
published updates on the diamond doping as it is being repeated.
5. Now the PR machine. Looks like we're supposed to show up in the July 15 Market
Pulse publication. A few newsletter writers will be profiling Rhombic and Daimler
could inform their shareholders at any given time...they have a new product line, they
will publish something
Although, I remain a bit skeptical of why they did a deal with Mine a Max (MAMX), I
do see that they are trying to be a diversified high tech company within their stated
objectives. Overall, I continue to be positive on NUKE. I believe it is indeed tightly
held and traded. It seems to have a minimal amount of BS associated with it and it's
shares, but things are (as they often do) moving slow. I don't think this stock is a good
trader. It's one to put on the shelf for a while, look back in a year and smile. :)
SR |
|
