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Microcap & Penny Stocks : RHOMBIC CORP.(NUKE.Nasdaq BB) Daimler Benz Aerospace JV -- Ignore unavailable to you. Want to Upgrade?


To: Chuck Rubin who wrote (471)6/23/1998 11:56:00 AM
From: Bruno  Read Replies (2) | Respond to of 1364
 
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



To: Chuck Rubin who wrote (471)6/23/1998 1:46:00 PM
From: xbrent  Respond to of 1364
 
I have watched a few stocks criticized by the Stock Det or like organization. You could do the same thing to many or maybe even most BB stocks. Sometimes they are right and the stock in question is especially suspect, like a shell or bankrupt company. Rhombic is a viable enterprise with potential. They do have a contract with Daimler etc. I am so skeptical of motives anymore, who knows who anybody is. You know that there is a very heavy short position in NUKE and those folks have to be squirming on what to do. I have seen stocks trashed by Stock Det and then rebound as if nothing happened in a few days.
In a few days we will see how this plays out. My hypothesis is that by the end of the week this sell off will be history. Supposedly there are many buyers of NUKE at under $1. We will find out how many shortly.



To: Chuck Rubin who wrote (471)6/23/1998 2:33:00 PM
From: D. H. B.  Read Replies (2) | Respond to of 1364
 
Chuck,

I read both the stock detective acticle and the investor to investor response posted by Bruno. While I cannot vouch for the validity of either, but the implications for the stock may be severe. Many stocks highlighted in the stinky stock section have tanked following the article. Three that I recall falling over 50% after the article include BAT International (the car that gets 100 mpg), Say Yes Foods (the wholesome milk distributer), and Zitel (the cure for the millinium bug). All three were targeted for excessive product promotions and troublesome financials. The articles were well written and contained many apparent financial facts. Whether you believe in the company or the stock detective, this articles does not bode well for NUKE.

Dan



To: Chuck Rubin who wrote (471)6/24/1998 9:36:00 AM
From: see clearly now  Respond to of 1364
 
Chuck ..there is a phenomena in Vancouver...home grown pot..I have smoked it !..it creates a sense of magic in every idea one may have..its bigger then life..everything is possible..if you get a lot of people on it you can have a lot of fun with an idea...I am told it trades on par with coke (not the cola)..its so powerful! I have noticed a few threads on it...