To: Hollywood who wrote (13941 ) 5/19/1998 4:14:00 PM From: Steven Messina,L.M.T. Respond to of 17305
Re: NUKEThought 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 Yes, that was a year ago. The company's shareprice at that time had just been shorted somewhere around $1.50, and the shorts rode this one all the way down. The proverbial "lack of news" can kill even the most heavily traded blue chips, and our NUKE is no different. The big difference from then and now is that NOW WE HAVE NEWS...but the confirmation from Daimler Benz Aerospace is forthcoming. I've contacted NUKE's IR and have been informed that Daimler will be issuing a press release in the nearterm. All the shorts that did their deed around $1.50 or so are getting a tad nervous...deservedly so as about 50% of the co's stock is being held short. A rush to the gate would cause a stampede and the stock will respond accordingly.Very little volume these days. 11.7 million shares outstanding with a float of only 700,000 shares The volume "these days" are a helluva lot better (check out the past four days or so).......also the float has increased from 700,000shs to 2,500,000 shs. A lot more people are in NUKE now than one short year ago....most are holding the stock short!!!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 That news release will be out soon, and that's in black and white.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 In response to that, ..well here it is: VANCOUVER, British Columbia--(BUSINESS WIRE)--May 15, 1998-- Rhombic Corporation [OTC BB:NUKE - news] is pleased to announce that the company is completing a $200,000 financing, and is negotiating terms of a major private placement with a New York brokerage group. The initial $200,000 financing will prepare for the company's move to a more established stock exchange. Also, it will fund the beginning of the second and final stage of developing Rhombic's patented N and P type dimond technology at Columbia, Missouri. Through a licensing agreement with Daimler Benz Aerospace, Rhombic Corporation soon will receive long term royalties from world wide sales of all Inertial Electrostatic Confinement (IEC) neutron generators. Rhombic retains the marketing rights for all the IEC units throughout North America. What we have here is a blockbuster stock. I could go on and on..but you can obtain much more info on the thread. Pvt Msg me if you want to discuss a trading strategy. See ya's Boi