Home > Boards > US OTC > Delisted >

Rim Semiconductor Company (fka RSMI)

RSS Feed
Add Price Alert      Hide Sticky   Hide Intro
Search This Board: 
Last Post: 9/17/2018 9:48:40 PM - Followers: 198 - Board type: Free - Posts Today: 0



Company Website: http://www.rimsemi.com 

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...


PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
#78728   ...broken dreams. Broken promises. Broken homes. Broken lives. GaryInPB 09/17/18 09:48:40 PM
#78727   Ha, Rim Semi was my first big otc $Money Bags$ 09/17/18 06:30:45 PM
#78726   I reread all the press releases a few GrooveMaster 09/17/18 01:22:32 PM
#78725   Somebody ripped us all off pretty good!!! GrooveMaster 09/17/18 01:14:50 PM
#78724   I didn't know we were both in this! GrooveMaster 09/17/18 01:08:37 PM
#78723   Did you notice the Ganga stocks I am GrooveMaster 09/09/18 12:03:47 AM
#78722   No idea on Cupria, but good to see goldrusher 09/08/18 11:59:58 PM
#78721   Does anyone ever know what happened to Cupria? GrooveMaster 08/30/18 10:00:51 PM
#78720   “If anyone has evidence that one of our GaryInPB 05/18/18 09:22:28 AM
#78719   Hey Brad! excel 05/03/18 07:29:48 PM
#78718   Merry CHRISTmas to you all! excel 12/23/17 10:14:55 AM
#78717   Hey Brad how is spending other people's hard excel 12/05/17 03:08:00 AM
#78716   Their MOTHER! excel 04/25/17 11:08:46 PM
#78715   Excel....you are talking about fine Christian men that goldrusher 04/25/17 11:01:55 PM
#78714   I know quite a few people that the excel 04/25/17 07:36:55 PM
#78713   No. I'm still here. GaryInPB 03/27/17 09:12:54 PM
#78712   A few more nostalgia names. goldrusher 01/13/17 10:59:02 PM
#78711   Nostalgia time........how many of you remember these names? goldrusher 01/12/17 06:30:14 PM
#78710   Merry Christmas ............ excel 12/23/16 10:21:14 PM
#78709   Had no idea myself. excel 11/26/16 07:52:33 PM
#78708   This song Alice's Restaurant is based on true flopflip 11/26/16 06:34:49 PM
#78707   The other one I think is a classic excel 11/24/16 03:43:29 PM
#78706   Here you go ........... excel 11/24/16 03:41:37 PM
#78705   Today is Alice's Restaurant day or Thanksgiving day flopflip 11/24/16 03:34:15 PM
#78704   I'd be giving nothing but speculation on that excel 11/14/16 12:59:15 PM
#78703   excel, how did they get away with this austin01 11/14/16 12:27:17 PM
#78702   I'll give you my answer. excel 11/14/16 12:21:24 PM
#78701   goldrusher, I'm not mad at you. Is this austin01 11/14/16 12:17:06 PM
#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. TickTockStock.com 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   http://www.theotc.today/2015/07/nine-pump-dump-recidivists-indicted-in.html monsterstockwizard 07/21/15 07:01:12 PM
#78681   http://www.theotc.today/2015/07/stock-castle-fraudsters-identified-and.html monsterstockwizard 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