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Created: 03/09/2001 06:11:14 PM - Followers: 197 - 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...

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W# ,7+6(…..!ee*$*?? superman2512 11/16/2021 09:58:56 AM
#78728 ...broken dreams. Broken promises. Broken homes. Broken lives. GaryInPB 09/17/2018 09:48:40 PM
#78727 Ha, Rim Semi was my first big otc $Money Bags$ 09/17/2018 06:30:45 PM
#78726 I reread all the press releases a few GrooveMaster 09/17/2018 01:22:32 PM
#78725 Somebody ripped us all off pretty good!!! GrooveMaster 09/17/2018 01:14:50 PM
#78724 I didn't know we were both in this! GrooveMaster 09/17/2018 01:08:37 PM
#78723 Did you notice the Ganga stocks I am GrooveMaster 09/09/2018 12:03:47 AM
#78722 No idea on Cupria, but good to see goldrusher 09/08/2018 11:59:58 PM
#78721 Does anyone ever know what happened to Cupria? GrooveMaster 08/30/2018 10:00:51 PM
#78720 “If anyone has evidence that one of our GaryInPB 05/18/2018 09:22:28 AM
#78719 Hey Brad! excel 05/03/2018 07:29:48 PM
#78718 Merry CHRISTmas to you all! excel 12/23/2017 10:14:55 AM
#78717 Hey Brad how is spending other people's hard excel 12/05/2017 03:08:00 AM
#78716 Their MOTHER! excel 04/25/2017 11:08:46 PM
#78715 are talking about fine Christian men that goldrusher 04/25/2017 11:01:55 PM
#78714 I know quite a few people that the excel 04/25/2017 07:36:55 PM
#78713 No. I'm still here. GaryInPB 03/27/2017 09:12:54 PM
#78712 A few more nostalgia names. goldrusher 01/13/2017 10:59:02 PM
#78711 Nostalgia many of you remember these names? goldrusher 01/12/2017 06:30:14 PM
#78710 Merry Christmas ............ excel 12/23/2016 10:21:14 PM
#78709 Had no idea myself. excel 11/26/2016 07:52:33 PM
#78708 This song Alice's Restaurant is based on true flopflip 11/26/2016 06:34:49 PM
#78707 The other one I think is a classic excel 11/24/2016 03:43:29 PM
#78706 Here you go ........... excel 11/24/2016 03:41:37 PM
#78705 Today is Alice's Restaurant day or Thanksgiving day flopflip 11/24/2016 03:34:15 PM
#78704 I'd be giving nothing but speculation on that excel 11/14/2016 12:59:15 PM
#78703 excel, how did they get away with this austin01 11/14/2016 12:27:17 PM
#78702 I'll give you my answer. excel 11/14/2016 12:21:24 PM
#78701 goldrusher, I'm not mad at you. Is this austin01 11/14/2016 12:17:06 PM
#78699 Hey, Austin, long time no hear from you. goldrusher 09/03/2016 10:29:24 PM
#78698 nvxe excel 09/02/2016 10:06:50 PM
#78697 What was the company RSMI named before NVEI? austin01 09/02/2016 10:44:40 AM
#78696 Unreal. The IRS are right there with Brad excel 02/18/2016 09:10:44 PM
#78695 flopflip...I WISH I could share my correspondence file goldrusher 02/18/2016 02:44:22 PM
#78694 Wells Fargo sent me a 401b and removed flopflip 02/18/2016 11:51:19 AM
#78693 Tell them that this was a scam even goldrusher 02/17/2016 08:36:09 PM
#78692 Tell the IRS to look up PR'S involving excel 02/17/2016 08:26:24 PM
#78691 Is rim worth anything as a company I flopflip 02/17/2016 07:29:17 PM
#78690 A Christmas Story excel 12/23/2015 09:42:01 PM
#78689 Hey beachbreak.....back atcha with a Merry Christmas. goldrusher 12/01/2015 10:03:55 AM
#78688 Well, time for my annual "Happy Holidays' to beachbreak 11/29/2015 03:55:19 PM
#78687 LOL. is STILL for sale after goldrusher 11/27/2015 07:31:33 PM
#78686 I have no idea. excel 10/30/2015 03:21:52 PM
#78685 austin....good question and I can understand the emotions, goldrusher 10/29/2015 04:59:06 PM
#78684 excel, how have Ray and Brad not been prosecuted? austin01 10/29/2015 03:21:42 PM
#78683 Now if they do what they should of excel 07/21/2015 07:47:25 PM
#78682 betterdaysaheadotc 07/21/2015 07:01:12 PM
#78681 betterdaysaheadotc 07/21/2015 06:46:11 PM
#78680 Another wilderness thought...... goldrusher 06/18/2015 07:36:35 AM
#78679 Having now just spent one and a half goldrusher 06/18/2015 07:22:54 AM
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