SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : RHOMBIC CORP.(NUKE.Nasdaq BB) Daimler Benz Aerospace JV -- Ignore unavailable to you. Want to Upgrade?


To: Chuca Marsh who wrote (924)6/7/1999 2:23:00 PM
From: VAB cowboy  Read Replies (1) | Respond to of 1364
 
For all those out there, that are a little shaky after today's action:

We spoke with Mike Skerry; NUKE's PR person and he informed us that they have received the current share count from the DTC as we requested. Seems that over the past couple of days overseas investors requesting their shares in certificate form are slowly eating up NUKE's float. He figures that if it continues at this current rate the entire float could be gone by week's end. If this happens the DTC will notify the market makers that are selling NUKE shares that they will be placed on a cash and carry basis only. This means that any market maker that sells shares of NUKE must deliver to the DTC the certificates within 72 hours.

He assured us that there will be no shares released by them into the float so this could force the market makers to raise the price until those holding certificates decide to sell them back to the market makers. This could get very interesting over the next couple of weeks to say the least. We will keep you posted to any new developments as we receive them.

PS: I just went over to check on Bobz board and they are bashing the stock. This happens all the time, one guy even sounded convincing about the company not being able to do what they say they can do. All I can say is it seems to me a good Rag like Barrons, always do their own investigative work before anything go's to print, if they didn't they wouldn't be the type of magazine that they are. These bashers a lot of time are day traders that make money going up. And short the stock going down....and they don't care about anybody else or the companies that they bash.

So, I'm going to put this in simple terms and in my own opinion. Don't sell your shares, don't place market orders for stop loss, tell you're brokers that your NUKE shares are not available for shorting.....and we will see what happens........like making a lot of money.