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Rim Semiconductor Company (fka RSMI)

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Last Post: 9/3/2016 10:29:24 PM - Followers: 199 - Board type: Free - Posts Today: 0



Company Website: 

Rim Semiconductor is developing semiconductor technology that allows 
data to be transmitted at  greater speeds over  longer distances 
using regular copper telephone wire.  This technology dramatically 
increases the capacity of the existing telephone network, 
allowing telecommunications carriers around the globe to provide 
enhanced voice, data, and  video services over today's copper 
infrastructure.  With this strategy, carriers can reduce or  eliminate 
the need to install fiber optic technology, reduce operating costs, 
and  increase revenue per line.

RSMI owns Broadband Distance Systems, Inc.

Rim Semiconductor Co., a small Portland company that develops advanced broadband technology, has been locked out of its Southeast Portland office.

A notice, dated Aug. 25, taped to the company's front door says that Weston Investment Co. LLC, the owner of the building, has exercised its "right of possession and lien" under Oregon law and under the terms of Weston's lease with Rim Semiconductor (OTCBB: RSMI).

The notice also states that Rim Semiconductor may not enter the office or remove any personal property from the building.

Legal sources say such notices are usually posted when a tenant is delinquent on rent.

Rim Semiconductor, which has never reported a profit in 12 years of operation, said that it had $1,621 in cash at the end of April.

The company pays monthly rent of $11,394.90 for roughly 7,000 square feet of space in the Weston-owned building.

The office appears nearly empty. Two chairs, three potted plants and a coat rack stand in the lobby.

Rim Semiconductor issued 3.1 billion shares in July to pay off $1.6 million it owed to various lenders and service providers. That brought total shares issued to 4 billion. The release of so many shares has caused the stock to fall to one-thousandth of 1 cent per share. In January, Rim's stock was trading at 4 cents per share. In December 2003, when the company announced it was moving its headquarters from San Diego, Calif., to Portland, shares were trading at 25 cents.

In June, Rim announced it had received a $1 million order but could not fill that order unless it received financing to build and ship the products.


In addition, Rim Semi has made many great claims about their technology in the past, yet they have not realized any revenue from it.

Contact Info:
305 NE 102nd Ave, Suite 105
Portland, OR 97220
Phone: (503) 257-6700
Fax: (503) 257-6622

Outstanding Shares:

Current OS is 4 Billion (which is the maximum AS as well).

Note to readers: this board is for the purpose of discussing RSMI. It does not promote any buy/sell investment decisions. Do your own DD before making any investment decision.

A perfect description of the whole RSMI story by Spokeshave...

#78699   Hey, Austin, long time no hear from you. goldrusher 09/03/16 10:29:24 PM
#78698   nvxe excel 09/02/16 10:06:50 PM
#78697   What was the company RSMI named before NVEI? austin01 09/02/16 10:44:40 AM
#78696   Unreal. The IRS are right there with Brad excel 02/18/16 09:10:44 PM
#78695   flopflip...I WISH I could share my correspondence file goldrusher 02/18/16 02:44:22 PM
#78694   Wells Fargo sent me a 401b and removed flopflip 02/18/16 11:51:19 AM
#78693   Tell them that this was a scam even goldrusher 02/17/16 08:36:09 PM
#78692   Tell the IRS to look up PR'S involving excel 02/17/16 08:26:24 PM
#78691   Is rim worth anything as a company I flopflip 02/17/16 07:29:17 PM
#78690   A Christmas Story excel 12/23/15 09:42:01 PM
#78689   Hey beachbreak.....back atcha with a Merry Christmas. goldrusher 12/01/15 10:03:55 AM
#78688   Well, time for my annual "Happy Holidays' to beachbreak 11/29/15 03:55:19 PM
#78687   LOL. is STILL for sale after goldrusher 11/27/15 07:31:33 PM
#78686   I have no idea. excel 10/30/15 03:21:52 PM
#78685   austin....good question and I can understand the emotions, goldrusher 10/29/15 04:59:06 PM
#78684   excel, how have Ray and Brad not been prosecuted? austin01 10/29/15 03:21:42 PM
#78683   Now if they do what they should of excel 07/21/15 07:47:25 PM
#78682 pennyplaya101 07/21/15 07:01:12 PM
#78681 pennyplaya101 07/21/15 06:46:11 PM
#78680   Another wilderness thought...... goldrusher 06/18/15 07:36:35 AM
#78679   Having now just spent one and a half goldrusher 06/18/15 07:22:54 AM
#78678   Nostalgia time.....just finished reading my e-mail file and also goldrusher 04/08/15 09:38:40 AM
#78677   Google Brads name. excel 01/29/15 05:54:50 PM
#78676   Do you believe old Ray W and Brad foreontee 01/29/15 12:21:06 PM
#78675   Oh, for the good old days when RSMI goldrusher 01/20/15 10:24:45 AM
#78674   Marc a Bruner is peddling garbage I have Crittenden 12/27/14 09:18:49 AM
#78673   Even after knowing the TRUTH you still went excel 12/21/14 04:50:09 PM
#78672   If Rim gives us nothing else, maybe we goldrusher 12/21/14 04:40:41 PM
#78671   Excel: What would you like me to apologize for? 427Cobra 12/21/14 03:46:47 PM
#78670   Merry Christmas to you all! excel 12/20/14 09:14:56 AM
#78669   That's what made the stock more believable the flopflip 12/19/14 06:28:30 PM
#78668   Don't feel like the lone ranger. I goldrusher 12/15/14 03:00:42 PM
#78667   We still might get the Chirstmas story about flopflip 12/15/14 12:55:39 PM
#78666   LOL..still a "first responder" cop. The only goldrusher 12/14/14 04:10:27 PM
#78665   Hi Goldrush, beachbreak 12/14/14 02:46:05 PM
#78664   LOL...I got a PM from "huy_low", who hated goldrusher 12/12/14 09:04:10 AM
#78663   Where are they? excel 12/12/14 12:35:12 AM
#78662   Wow!! That post jogs the old memory goldrusher 12/11/14 11:50:23 PM
#78660   That stopped years a go after Pengy flew excel 11/27/14 06:52:46 PM
#78659   What happened to Alices Restaurant? flopflip 11/27/14 06:18:38 PM
#78658   Thanks, Teddi.....8 broken ribs couldn't keep me down goldrusher 11/24/14 11:57:05 AM
#78657   goldrusher- I am glad to hear you are well.-TB teddibear 11/24/14 10:00:55 AM
#78656   Hey,, is up for sale for $2,295. goldrusher 10/26/14 04:46:33 PM
#78655   excel....that post is right on the target. goldrusher 10/14/14 10:25:35 PM
#78654   Excel...thanks for the concern, but no obituary goldrusher 10/14/14 10:13:57 PM
#78653   Brad Ketch nor Ray Willenburgler cares a bit excel 10/08/14 09:07:41 PM
#78652   What's my 2+ Million Shares worth now? IgotYourChange 09/29/14 10:22:15 AM
#78651   Anyone have Goldrushers phone number? excel 06/21/14 02:52:04 PM
#78650   No posts on this board since about the rimscam 05/20/14 01:45:20 PM
#78649   Yes. But ..................... excel 03/31/14 09:50:10 AM