NUKE has popped off the bottom of .05 in the past couple weeks.
This stock has been on hold for many months and now has life again so keep it on your list folks.
Last news out:
(COMTEX) B: 8-K: NUKE Approves Stock Purchase Agreement
B: 8-K: NUKE Approves Stock Purchase Agreement
Ridgeland, MS, OCT 11, 2002 (EventX/Knobias.com via COMTEX) -- Rhombic
Corporation (OTCBB: NUKE) released an 8-K today.
On September 23, 2002, the board of directors of the Company approved a Stock
Purchase Agreement, by and among the Companyand Next Advisors, Inc. a Delaware
corporation ("NAI"). Pursuant to the Agreement, the Company purchased
approximately 31% of the issued and outstanding shares of NAI from John Hartman,
in exchange for 37,000,000 shares of the Company, representing over 50% of the
issued and outstanding Common shares of Rhombic. At the time, John Hartman was
the Chief Executive Officer and director of NAI.
On September 26, 2002, the board of directors of Rhombic appointed John Hartman
as director and Chief Executive Officer and appointed George Bell as a director,
Vice-Chairman and Chief Operating Officer. Stan Porayko resigned from the board
as a director and secretary, which left four directors remaining. Albert Golusin
was appointed as secretary and treasurer. During the week ended October 4, 2002,
a primary creditor of NAI was unwilling to negotiate the settlement of a
$750,000 credit line secured by substantially all of the assets of NAI. As a
result, on October 7, 2002, the board of directors of Rhombic and NAI terminated
the Agreement by mutual consent and Mr. Hartman returned his 37,000,000 shares
of the Company and the Company returned Mr. Hartman's shares of NAI stock which
represented 31% ownership in NAI.
Mr. Hartman remains a director and Chief Executive Officer of Rhombic; however,
as of October 9, 2002, Mr. Hartman resigned as Chief Executive Officer and
director of NAI. Other than his relationship as a director and employment as a
Chief Executive Officer of the Company, there are no other arrangements or
understanding between Mr. Hartman and the Company currently in effect.