I had this response e-mailed to me by "Investor to Investor" regarding the article...
"It has come to my attention this morning that the Stock Detective has written an article on Rhombic Corp. (NUKE) in which they are casting aspersions on the company and it's claims on it's technology. It is dated yesterday June 22,1998. The technology on the IEC fusion machine was written up in an article titled, "Neutrons For Sale" in the "New Scientist" December 13, 1997 on page 32. The technology is of such a quality that Daimler-Benz has set up a production line called FusionStar to produce and market the technology
throughout the world. This is documented and has a great potential. When I first invested my hard earned money in the company I did my due diligence first. I intend to keep my investment in this company, but I felt that it was only fair to inform my readers of both sides in this issue. Make your own judgements based on your own due diligence.
I recently stumbled across this information on the Internet which gives another picture of the Stock Detective and I present it to you along with the article that they wrote about Rhombic so you can make your own judgements about this company whose technology was written up in
"Unfounded statements made by an Internet publication named The Stock
Detective have hurt many of you. On a regular basis this publication publishes its OPINION about various stocks traded on the NASDASQ BB system. A system and listing that is a place of incubation for many companies that do not have the wherewithal to be formally listed on a major exchange.
Unfortunately, this system leads to abuses, both by the listed companies and by the markets themselves. Add to this the component of US regulations not permitting US brokerages to short these BB issues and Canadian brokerages the ability to do so, and you have a volatile situation.
It now appears that the parent of The Stock Detective, AXXESS Inc. Symbol,AXXS, 201 Park Place, Suite 321, Altamonte Springs, FL 32701, (407) 834-4443 is one such BB issue. It does not report any numbers, is not formally listed on any of the major exchanges. Only on the BB, pink sheets if you will the same place that The Stock Detective focus's its attention, looking for "scams."
Furthermore, it appears that The Stock Detective was itself the target of a shorting campaign last December to drive its price down severely.
businessweek.com
Now what has all this to do with the price of rice you might say?
Rumor has it, only rumor mind you, that The Stock Detective, or certain people associated with The Stock Detective and/ or its principals, are now working in concert with a certain Canadian brokerage firm, and is taking very large short positions in various US BB issues. Then, when the timing is appropriate, The Stock Detective publishes their negative and usually unsubstantiated "expose"
(death by innuendo,) to accomplish the obvious. It would appear, if this rumor were proven factual, that The Stock Detective has found a way to get even with the shorter's that did them in last December.
Furthermore, if these rumors can be proven, it would appear that The Stock Detective may have to face formal charges from the SEC on behalf of stateside investors in other BB listed securities.
Has your stock price ever been affected by the opinions of The Stock
Detective?"
>From "Business Week" Article
Are Brokers Being Paid Off to Sell These Stocks?
Here are some of the stocks that sources say have been the subject of payoffs to brokers within the past few months. Company officials who could be reached for comment denied knowledge of any payoffs.
COMPANY PRICE 52-WEEK DEC. 1
HIGH
APPLETREE ART 3 3/4 10
AXXESS 2 1/2 8 3/4
HARVEST RESTAURANT GRP. 1 7/8 8 1/4
IMMEDIATE ENTERTAINMENT 4 3/4 7
JUNGLE STREET 4 1/8 7 1/2
LEGEND SPORTS* NA 8
SCOTTSDALE CIGAR 4 15/16 9 1/2
TCP RELIABLE 5 1/8 7 3/4
TELLURIAN 5 9/16 7 1/2
TTR 9 11/16 16 23/32
*Not trading
DATA: BW; BLOOMBERG FINANCIAL MARKETS
The related article is in Business Week on the following web page:
businessweek.com
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