The train wreck happened many years ago. What agreement with Embarq? They have no agreements with anyone other than a bogus company called Extreme Copper, which appears to be little more than a mail drop.
Run away or burn your cash for the warmth it will provide.

Maybe this will help:

We received five hundred thousand free trading shares from a third party, not an officer, director or affiliate. We intend to sell all five hundred thousand shares now, which could cause the stock to go down.
This company has: an accumulated deficit, nominal cash, no revenues in its most recent quarter, and the float of stock is currently rapidly increasing. These factors raise doubt about its ability to continue as a going concern. A failure to finance could cause the company to stop operating.

The Waterville report is very old news. Waterville was paid by RSMI to write the report (per Brad) so I don't think it has much credibility. However, thank you for bringing it to our attention. You earned whatever you're being paid.

That list of fantasy PRs is an eye-opener. I came along about the time of the Adaptive Networks deal. Had I known the history, I would have run away.

Just demonstrates that anyone can pay press release services to print anything. Not much fact checking.

Very good question! Could be up to $50,000

WR or an affiliate of WR has been/will be or may be compensated in Rule 144 stock of the Company for the publication and circulation of these reports. The maximum amount charged by WR is $50,000 in Rule 144 stock per report. WR intends to sell all or a portion of the of the Rule 144 stock in accordance with all securities laws, which prevents WR from selling stock for a period of one year. WR, as a matter of internal policy, will not buy or sell shares of Company(s) stock in the open market. These reports contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of the individual Companies including the company's most recent annual and quarterly reports.

Industrial Partner doesn't sell or stock any products. They merely forward a "request for quote" to the company they supposedly represent.

Yes, Google must be broken. Extreme Copper is nowhere to be found and neither are any of the officers and employees. Except Peter Gil, who appears to be tied to some failed, delisted companies. And Robert Nino, who may or may not be Nolan Bushnell's brother-in-law.

Other than that, nothing. These fellows must work hard to keep a low profile.

I have searched and contacted many in the industry and cannot find a single instance of a. Anyone using Extreme Copper products and b. The availability anywhere of any Extreme Copper products.

If their products exist, how are they sold? Direct, distributors? If they exist, surely someone is using them. Who?

This is beginning to develop that all too familiar smell of a 5 day old scam.

I got 2 Lebed emails today: 5 exclamation points is Lebed's highest rating!

First:
I just found out that Infonetics Research has come out with a report that telcos are on target to invest $26 billion by 2009 into building IPTV systems!!!!!

Annual IPTV service revenues are expected to reach $38 billion!!!!!

RSMI's Cupria technology can significantly reduce the costs of building an IPTV network!!!

2nd.
I will be sending out a huge report on RSMI today!!!!!

I believe it was you that mentioned the Mercatus Loan. I found this which is an amendment to articles of incorporation filed 7/29/03 after the 10Q which mentioned the Mercatus Loan. Easy to see how someone could consider the loan a reality.


In addition, we need to reserve and keep available a large number of shares of common stock in connection with our May 26, 2003 loan agreement with Mercatus & Partners Ltd. ("Mercatus"). Under the loan agreement, Mercatus agreed to use its best efforts to loan us up to $6 million in a series of loans, each of which will be secured by our issuance to Mercatus of shares of a series of our preferred stock. If we default on the loan, these shares of preferred stock would then become convertible into shares of our common stock on a 1 for 1,000 basis. Otherwise, they are not convertible. Except for the preferred stock used to collateralize the loans, the loans are unsecured and are made without recourse to us or our assets.

To date, we have issued approximately 92,000 shares of preferred stock to Mercatus in connection with proposed loans to us of approximately $2,427,000. If these loans are not made, the shares of preferred stock will not be convertible, will have no liquidation preference, and must be returned to us on request under the loan agreement. We agreed in the loan agreement to use our best efforts to authorize, reserve and keep available a sufficient number of shares of common stock in case we default on the loans and Mercatus desires to convert its preferred stock into common stock. If these loans are made, we will need to reserve and keep available approximately 92,000,000 shares of our authorized common stock.

Correct me if I'm wrong, but isn't it in the best interests of floorless convertible holders to convert at the lowest price possible, amass a huge number of shares, and then dump their shares after the pump?

Last time, the price dropped steadily to under 3 cents, then when conversions were complete, the pump to 27 cents made them a lot of money. That, along with the change in the pricing of the warrants from 15 cents to 5 cents.

Educate yourself. Visit this site and read the article on VDSL standards from 2005. Note how it mentions Centillium, Ikanos and the "triple play".

Just so you know, there is more than one standard that must be met.

http://telephonyonline.com/mag/telecom_vdsl_standard_put/

You may not care about "silly" standards, but then you aren't a buyer of telecomm gear, are you?

I disagree. First, I don't think there are "many" small companies that sell DSLAMs and other customer premise equipment to telcos. Telecomm equipment mfg. is a very capital intensive industry and not very welcoming to small companies.

Second, I seriously doubt that the the telcos themselves would allow non-standards compliant equipment on their network. Far too risky.

Until they have a standards compliant chip, they will not sell any and furthermore, a telco would not even allow it to be connected to their network for testing.

I am surprised that the standards issue is only now being considered. A good analogy is if GE built the world's best locomotive, it runs on distilled water, can pull a thousand cars and costs only $10,000. Only problem it will only work on rails 6 feet apart, not the 4 foot, 8.5 inch that is the standard. Now, how many will they sell?

"Are you kidding me...LOL This is the eaiest sales job ever. It is matter of taking orders and asking how many."

This has to be a joke! "Easiest" sales job ever? The idea of "build a better mousetrap and they'll beat a path to your door" is a myth. Every product or service, no matter how cheap or how good, needs extensive, expensive marketing.

I'm glad I'm not selling this. First, Spokeshave is 100% correct about standards. You simply cannot sell non-standards compliant electronic equipment to people like Lucent, NT, Alcatel etc.. The telcos rely on them for 100% uptime equipment, and there is no way they would even listen to a pitch about a chip that meets no standards. What engineer/purchaser/decision maker would risk their career on a chip that didn't, at the very least, meet accepted standards? Second, big companies care a great deal about who they're dealing with. They tend to look askance at penny stock firms with big plans. Does "All hat and no cattle" ring a bell?

This sounds very much like the ZZZZbest carpet cleaning situation of several years ago. An analyst from a major firm paid a visit to the ZZZZbest HQ and esentially reported that "yes, it is a real business". A few months later it was exposed as a gigantic scam. Google Barry Minkow.

A similar situation concerns the Russian General Potemkin who built false front villages along the Volga so Catherine the Great would think he was spending money wisely when she floated by on her barge.

Anyone can rent space, hire people and sprinkle some electronic parts around. Developing and selling a highly complex electronic device takes a little larger skill set.

Hold on there. You really believe that Telcordia conducted the test for free?
Then what does this mean from the press release?

Telcordia conducted an independent third-party contracted study comparing Rim Semi's Embarq(TM) DSL solution to the performance of VDSL2.

In the real world, "Contracted study" means they were paid by someone to do the study.

You are absolutely wrong and it is patently obvious you do not have the slightest clue about the technological arena in which RIM intends to operate. An FPGA is an intermediate step in the development of a chip. It is created to simulate and then test the functions of a chip prior to committing funds for manufacturing a run of chips.

Telcordia did not test a chip or the FPGA. They tested a design "theory" against a model of the "network".

Don't believe me? Ask Brad and then post his response.

Are you saying they lied and didn't actually test a chip???????

How could they test an actual chip? Are you saying they went from a thoroughly tested and debugged FGPA, contracted with a foundry, actually produced a quantity of chips and then installed them in a third party DSLAM for testing? That never happened.

Telcordia tested a model against a model. There was no real hardware involved.

You must have missed my reply to Cobra 427 when he posted the same PR.
Dr. Poon worked at Singapore Telelphone and from there he went to a company selling hair coloring and some snake oil Glucosamine compound. Sounds to me like he is trading on his credentials and not his accomplishments.


PS. Why do you people continuously re-post old press releases?

Evidently, Moxon still runs his consulting firm while leading Rim's product development "teams". One would think handling new product development for an "emerging" company like rim would be more than a full time job.

http://www.moxon.com/

My point is that the world is full of people who will lend their name to any company, any time for the right amount of money. Just look at the parade of notables who were or are on the RIM BOD or Advisory Panel.


What was your point in posting that Dr. Boon was formerly with Singapore Telephone? You don't know what he did there. Was he fired for incompetence? Did he quit? Just seems odd that he would go from a prestigious telecom to an over-the-counter pharmaceutical company selling hair cream via infomercials. Whatever credibility he lends RIM is diminished by his association with Lynk.

You left out the part about Dr. Tan working for Lynk Biotechnologies. http://www.lynk-biotech.com/page/aboutus(leadership).html

Lynk is famous throughout the Pacific Rim for products like this one:

CosmeLYNK™ Hair Cream for Men

Key Benefits:
- Restores Grey Hair, contains natural hair dye
- Nourishes hair follicles
- Contains special herbal blend to keep hair strong & healty
- Provides antioxidants and moisturizes the scalp
- Also functions as normal hair cream for styling purposes
- Heavy metal free, suitable for daily use

Why would he leave Singapore Telephone to sell hair cream?

That is not correct. You're confusing revenue with sales.

You can book a sale upon receipt of an order or when title changes hands or according to industry custom. Sales is an income statement item, revenue is a balance sheet item. So, when you get an order, you debit sales and credit accounts receivable

Revenue is cash. Cash is supposed to be what accounts receivable becomes. When the customer pays, you credit cash and debit A/R. I may not be an "MBA", but I do understand some basic business acounting.

This is all an exercise. RIM will not have any sales and therefore will not have any revenue. To accomplish those items they need a product and they don't have one.

More than a few cents. The Lebed spring pump took it from about 4 cents to 28 cents in a few days. Knowing when a pump is going to begin is like getting advance winning lotto numbers.

I agree. At most there are 250 who read this board. If they told everyone they know, maybe 2000 people will have positive or negative information. Maybe half will act on the info.
Lebed has an email and fax penny stock sucker list that exceeds 1,000,000. Other stock promotion firms ("boiler rooms") when combined, have lists bigger than that. When Lebed and the others begin a scheduled, paid for pump, the stock moves. The boiler rooms ask for a $10,000 minimum order, they send fed ex to pick up a check, and they do it over and over.

All the "action" you describe came from either the company's own press releases or from third parties employed by the company. Can you or anyone present any information from either a prospective customer or from an unpaid reviewer? That would go a long way to restoring credibility.

PS. The Embarq PR doesn't count, that had too many conditional phrases.

The reality is that RSMI is an emerging company that has potential.

Not so. There is a 5 year statute on use of the term "Emerging".
RIM, NVEI, has been "emerging" for 9 years. Time is up and they are now are racking up penalty points. Even an elephant eventually gives birth.

He is also on the board of an asian company that makes hair coloring for men. Unless they plan to co-market Rim's chip with the hair dye, I don't see what he brings to the party.

Well and good, ask them to submit an order for the FPGA test pack that was released according to the company. They can probably test it for practically nothing.

However, by communicating with customers you are liable to get in trouble with the company:

"Management at Rim Semi would prefer that our shareholders and other supporters not engage in discussions with journalists, customers, or analysts, though we of course recognize that they have a right to do so. Journalists, customers and analysts are naturally skeptical, and are typically interested in hard facts. The only hard facts that are available to them are those which we have publicly disclosed. These sources of public information are already known to them, and they can refer to our sites regularly."

Please enlighten us as to what sources you used when compiling your due diligence.
Was it SEC filings? Those clearly show 8 years of accumulated losses, going concern warnings, no sales, and survival only by diluting current investors through share sales and floorless convertible financing.

Was it company press releases? Not one single development issue announced has ever come to fruition. Not one merger, product sale, convention attendance, nothing. Now when they announce the addition of another board member or the hiring of some overpaid hack, those things did happen

Was it other investors? If yes, you might ask the extent of their accumulated losses or if they are paid by RIM to promote the stock.

Was it industry reports? Those mostly discuss fiber and wireless, copper is on life support.

So, not to be too negative, I sincerely am curious as to your DD sources. I realize you might see the glass as half full and others half empty. An astute investor can't even see a glass.

"Typically, that means Embarq will instruct their equipment manufacture to incorporate our chips into a system in a random test area, offer the triple play, give it to people for free for a period of time, see if it is preferred over their old method and then evaluate what they will pay to keep Embarq."

I'm curious as to how you arrived at this conclusion. Equipment manufacturers who spent millions developing DSLAM hardware do not take kindly to being "instructed" to use a third party chip. In most cases, manufacturers use a chip of their own design, a chip that is INTEGRATED into their complete product.
It is the height of naivete to think that a major company like Lucent or Alcatel would: 1. redesign their equipment on a whim and 2. even consider using a chip from an unknown, unproven company like RIM.

How on earth do stories like this fairy tale get started?

It has significance because it is an integral part of the company's history in product development mis-steps. The failure of the original concept led to Adaptive, that failure led to Hellosoft. The curious investor might be able to discern a trend.

All part of the saga that is RSMI.

China has virtually no copper network, and few other third or second world countries have copper. Wireless lets them leapfrog the task of running copper.

Some copper in Europe, but it is in worse repair than US so more noise to contend with.

Verizon would not be spending billions on fiber if they thought that using the existing copper network was feasible. The future is fiber, wireless or satellite, not copper.

A more appropriate (at least for RIM) George Bernard Shaw quote:

"The power of accurate observation is commonly called cynicism by those who have not got it."

Much has been said here about unusually high salaries for people at an unprofitable company. I think that the high salaries are a form of compensation for sacrificing their integrity. I have to believe that Brad and the new guy know exactly what is going on and they charge a premium to stick around.

"if Brad can't see Ray for what he is, and if he chooses to stay regardless, that says something about Brad too IMO. I think it says the money is more important than being involved with an organization with integrity through and through."

I'll bet those three words you bold-faced are never mentioned at Rim headquarters!

I don't know where you learned accounting but you got it all wrong. Show me on any income statement an entry for an "order". You don't book "revenue", you book sales and only when the order is shipped or title to the product changes hands or the service is performed. You also don't book "income" when you receive the money. You debit accounts receivable and credit cash. You show income on the income statement and only if you have any after deducting expenses.

Austin, Lynk Biotech makes hair cream! What does that have to do with VDSL?

CosmeLYNK™ Hair Cream for Men
Key Benefits:
- Restores Grey Hair, contains natural hair dye
- Nourishes hair follicles
- Contains special herbal blend to keep hair strong & healty
- Provides antioxidants and moisturizes the scalp
- Also functions as normal hair cream for styling purposes
- Heavy metal free, suitable for daily use

And you think they proved their validity with a few press releases? Press releases are meaningless unless backed up by tangible events. Like an actual order being shipped or validation of the chip by a potential customer, not a paid consultant like Telcordia. Or some positive movement in the stock price. In fact, the falling share price tells the compelling story here.

No, I don't work for free and neither does the good doctor mentioned in the PR. The point is his statement should not be taken at face value without knowing if and/or how he was compensated.

While we're on the topic, I'm curious as to how you went from this post:

Posted by: cosmoworld7In reply to: ophelia who wrote msg# 45033 Date:4/11/2006 12:57:32 PMPost # of 48801
oph, the scary part is that they have mislead those very same investors on past occassions any yet they still are blindly obedient.

to your current unquestioning position?