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RSMI chat room to change name effective September 27.
New name will be BTDH chat room, for beat the dead horse, since hardly any of this information can be deemed practical and is VERY redundant. zzzzzzzzz
remember this
PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 21, 2006--
Rim Semiconductor Company (OTCBB:RSMI), an emerging provider of
semiconductors to the broadband telecommunications industry, is actively
pursuing the broadband security market with emphasis on secure high-speed
modem-to-modem communications. As a part of those efforts, in November 2005 the
Company began initial discussions with the U.S. federal government about how
the Department of Defense (DoD) and the Department of Homeland Security (DHS)
can use the Embarq(TM) family of transport processors to increase the security
of their wireline communications. As a result, in December 2005 the Company was
invited by the General Services Administration (GSA) to respond to a
solicitation for information technology equipment in which it proposed the
government's deployment of Rim Semiconductor's transport processors. The
Company tendered a formal offer to sell chipsets to government agencies and
submitted an extensive package of materials. In January and February 2006, the
Company made a presentation and conducted follow-up meetings with the GSA. The
Company plans to continue to work with the GSA until a contract award is made.
President Bush's proposed budget for fiscal year 2007, which begins Oct. 1,
2006, allocates $550 billion for the DoD and $43 billion for the DHS. While
there is no assurance that the Company's efforts will result in a particular
dollar amount of purchases by the government, if any, the Company is encouraged
by the fact that both departments have large programs currently underway to
upgrade their wireline communications on military bases and in governmental
data centers.
getting close, maybe we can score, but i won't hold my breath.
They said a demo I guess of the tech, I haven't got a call back. If I get a chance later I'll watch it again and figure out what it said exactly. They said something about it on their short shareholder video, so I decided to see whether I, or anyone could tour their facility and its extra space. Do I think this stock will make money.YES. Do I think it's gonna get worse before it gets better.YES.
I'm trying to set up a demo since the shareholder meeting said they'd have one set up when they moved in the new building. It said for analysts, potential customers, and shareholders. They are supposed to call me back, we'll see whether they have it set up. My friend lives about 10 blocks away, so I've convinced her to go watch the demo and take pics inside just so I feel like my money is safe. I'm confident in the existance of the company, but I'll decide whether I'll weather the conversion storm or jump ship and climb back on with more deckhands.
This room kills me. Maybe instead of stock trading, we should start a rsmi drama tw show. Insider accusations, fraud, scams, betrayel, he said, she said. Better than what's on TV. Obviously all the nit picking is neither here nor there with only 2 possible endings, make money or lose money. We'd all prefer the 2nd ending, even the naysayers who are no doubt long as hell and bitter, but trying to spare people from what they've been through.
Now that it's trading under sevie.ob due to late filing, I hope they get straightened out soon. Only when the conversions are done will this have a chance to move any. I'm curious how many shares are outstanding now, 300m, 400m?
Here, I got it working, this thing is big.
Gotta watch my back, faster dsl is dangerous.
Man, it's true, I digress, here's proof. It's bigger than RIM now.
I think I typed this right
<IMG SRC="http://www.orbitfiles.com/download/id876240333" >
As anyone can do, if you search around the internet there are tons of companies that could be using the same pic with some photoshopping. Depends who does their site, pics get reused alot, I'm good with photoshop and could have made that pic easily too. Good or bad, it's just something to spice up the site inserted by an HTML junky and NOT A FPGA JUNKY. Computergate is getting deep, when they said they presented it to the government for testing last year, now they're involved in the scam. I'm closing my blinds tonite, maybe now I'm a witness and since I made money, too scary, Halloween coming too, spooky. GO RIM GO!
Maybe these guys are pretty smart and feel that their pay is based on their ability to multitask. Small companies often have engineers/presidents/whatever is needed to get the job done. Maybe they are like a squad of geeks who have done a little overbuffering on their comps. New things come to light everyday, for instance a company is putting out a red laser dvd that does 40gig. Everyone said blue laser was the only way to do that. NMEN got some love, maybe rim will too, only harder love with so many shares.
Saying the fpga doesn't exist is quite a stretch isn't it. I guess hellosoft has converted rim stock to further the conspiracy. It's huge, we'll have to call it Computergate or something. Granted they have done some photoshopping, but I doubt they bothered to spend the extra time/money just to get pretty logos printed on their test chips that they plan to use only until the final version. Call their action the Katy Couric of the chip business, happens everyday and most never know it, or even care for that matter. Sorry if your longer than john holmes on this stock, maybe it will crash, maybe it won't, only time will tell.
They always say, A gamblers money has no home. So the fact that I'm invested in RSMI and made alot of homeless money I'm considering flying to OR. in the next couple weeks just to check on my money and fly back. First I've offered a friend that lives 2 blocks away from the new office 50 bones to take a camera and go check check the place out, send pics, tour the new facility, and tell me if they think my money is safe. If this person does I'll report back what I find, if not I might go myself.
Me and guy at work were talking about this, if they really can do this with a red laser, imagine what they could do with a blue one. Like a terrabyte or something. I am suprised it hasn't pulled back any, there's been some pretty aggresive buying on this stock.
Interesting reading although grossly inaccurate. Someone was be really long to issue some crap like that. Unless they know the company is gonna do a crap reverse split or buy back some shares (which they really should if their revenue is true) while it's cheap, even .10 is a farce. After making some huge turnarounds on this stock, I now sit in a castle of pain with a moat full alligators. Good company I still believe, needs to shape up on their filings, investor relations, and issuing stock for everything. If they worked as hard keeping the stock price up, it wouldn't be getting so diluted as we speak.
I can dig with you guys on this, my girls are 1 and 3 and I was in for just over 2 grand at .02, the upside is huge and the downside not to bad from where I sit. Since I sold high and am back in, It's like rim paid me to invest in them. May we all have nice upside, when it happens the first round of beer is on me.
I bought in 30000 shares at .09 and tried to buy more a while back. I recently sold at .20 hoping to pick some back up on pullback. I liked the gain but boy look at it go, it might have some MAJOR LEGS!
Oh rsmi you make me nervous, almost giddy. About the technology, does it really matter how much better it is? Even if it was 10% faster it would still be faster, so we can only hope the telcordia release didn't overhype it. Today was shaky, a weird push/pull. We need some MEATY RELEASES. Earth shaking. Go rim Go.
P.S. Since this is my first year doing this stock thing and I was lucky enough to hit rim right and cash out then buy back, how much will I be taxed on this gain.
Those numbers for the shares are prob. quite diluted by now, Be aware that an incredible amount of dilution is happening and only when it stops will this stock go anywhere. Management is good at this company, but also be aware that they ignored the stock and left everyone out to dry for months while it fell to this level. I'm pretty long on this stock and I'm still shaky on it until they get their ducks in a row. You can't just issue stock for everything, damnit I mean everything, they might even have issued shares to Pizza Hut for lunch. Oh, plus filing late with no real reason, ughh.
Thanks for clarifying the whole 3-d thing, sounds interesting, too bad it didn't work out. I couldn't seem to find anything on it when I checked. Just for the record, I've owned step to liquid for years and think some of the footage is amazing in hdef, too bad they didn't quit talking most of the time and let you really get into it.
Mccloud,Interesting that someone still makes something like it,I'll check it out.
Wow this news on rim could have some potential long term upside, way up! Let's hope we have good luck today. Remember the market will be having a moment of silence today.
Having just picked up rim in the last year, what is the 3-d lens that I've seen mentioned quite a few times. I take it this was one of their original inventions gone terribly wrong?
I know there are some crazy posts in this place. Why is it too hard for some to fathom that someone may have more understanding of complex algorithms than we do. The product might just exploit something that most overlook, innovation. Many are mad that they bought in during the dot com bust when everything was grossly overvalued and I know it must have sucked to watch it go to .02, but for those of us who got in around the lows, it might be a storybook stock one day. Granted, they do some crazy things, but what company doesn't fly by the seat of their pants sometimes.
For those who lost a ton, just think of rim as the underdog. If the underdog loses, it was expected, but if they win...
Recovered pretty nice, the constant pounding dilution slowed. Maybe they have a heart, or maybe they are pulling for rim too!!! go rim go!
At least a little news, Brad knows how the price reacts during these conversions is critical. It will probably be absorbed today, but hey, they're trying.
thx whp.
What's always screwy about when you see alot of conversions going on, you see these people selling on the quotes you usually never see, and strangely enough they often have bids in close to the days bottom. The market overall today was crap. Didn't the 6m financing have to be converted by 8-31. If so hopefully quite a bit got converted higher. So let me get this straight, for 6.2m if they converted at .12 with roughly 25 % interest that would be roughly 64 mil shares, ug. What is the interest on this type of financing? Maybe we should be loan sharks instead of stock traders. I agree on the package, should've gave him some kindof target, not just mediocrity. Oh well, go rim go, but not down.
Finally got to go back to work and had to watch rim conversions on my cellphone. Looked real yucky on a small screen, but considering 2m volume at least the buyers were still somewhat present. It is kindof queer that rim only removed the recent news involving telcordia, let's only hope it's to announce they're teaming up or something.
This stock will murder you. Like a mini enron of derivative accounting. If I recoup this stock, I'll buy a keg for all to drink, but we'll die of thirst first. We can only hope they have an ace up thier sleeve. No, make that a whole deck of aces. Stop the bleeding. argghhhh.
looks like it might selloff to .15 today.
hey cosmo, where are you finding this news at.
At least whoever is converting as we speak has a heart. They could've run it through the mud like they did to get it back down to this price. Since Coop bought some, maybe that carried a little weight.
They better update their news section soon, kindof shady to be empty so long. The dilution is expected after the last sec filing. (http://www.sec.gov/Archives/edgar/data/1026595/000095013406016339/d34782b3e424b3.htm) Brad needs to pull out the ace if he's got one.
After watching the new video they have posted, they mentioned having a demo set up at the new place that investors could come see. Don't any of the 100% scam posters live close enough to go in and prove it. I had a girl i graduated with that lives in portland go in and fake like she wanted an application a month ago, just so I could make sure they exist. They did, so hopefully, their chip does too. It's crunch time.
I live on the outskirts of Nashville where iptv is just beginning to arise. This is comcast territory and they make sure that you wouldn't benefit by trying to split services. The problem is I'm fairly far away from a relay and dsl right now, I was told by the rep, would be a little faster than dialup. What I'm getting at is that if you really think you could benefit from a company, is't it worth your investment. It's obvious looking over rims charts that many got burned, better yet scorched, but we can only hope they have a chance to recoup some. NVEI wasn't the only stock to get crushed in the dot com bust, my 401k took 3 years to recover.
Only time will tell, maybe tues. they'll announce that the chip is finalized and starting production. After all, noone wanted that old crappy coding that Bill Gates took under his wing and created Windows with. Then when the turd was polished, everyone wanted in. Some people still think out of the box, whether they are one, time will tell. You know, 4-25% gains are the same as 1-100% gain, so even not falling in love can make you money sometimes.; )
I like rim for what they're bringing to the table. I like all things embedded in chip, if it really cuts the chip count that much it can be marketed at a premium. (assuming it works) The way I see it, I owe 66,000 on my home,so the stock HAS TO REACH .66 for me, then say .22 for taxes.I'd exit, saving 20 years on my home, thus being the best return ever. It would be hard for it to return as much as paying 20 years of interest at 7%. Oh the pipe dreams. Oh I watched that new video, kindof glad I got pnuemonia and did't get to make it to the shareholder meeting, looked like the set of Miami Vice circa 1985. It would've kindof spoiled the mood me in jeans, t-shirt, and sandals. Hopefully we'll all make money together, because the other option makes me sick.
Lets hope that these guys are just trying to unload their remaining conversions before the holiday, everytime I see NITE,ARCA, or UBSS I get nervous. They always seem to be the ones with tons of shares to sell. In the last sec filing (amended) didn't it say the shares had a conversion price of .154 so maybe it will have some cushion.
Can you please inform me on what broker is allowng stop losses on OTC stocks now?
I'll take my answer tomorrow I see your posts up
Well I went into etrade so I could copy and paste the stop limit description and it now does say no otcbb. So I dug through my orders in Feb. and found it didn't accept my first order and said it was .05 on bb stocks, then my next order went through and wasn't cancelled until I sold the next day. Since that was the only bb stock I've owned with more than a .05 margin I've never tried to use again. Thats not the first screwy thing etrade has done, I hate to love them.
Oh, what's with the calender joke, did I miss something in here. lol. Anyway, let's hope that rim is gonna mention that there chip is nearing the presses, (hence the hellosoft conversion) I like to stay ahead of the game.
Oh and for the guy talking about the sec filings, by using them and reading all that garb, you could've predicted 90% of all rims big moves prior to their listing them on their site. If your in it because you live in an area where comcast has you by the balls, you just keep hoping. go rim go!
My bad, I was just adding some input of a little morning research and letting anyone know it's not without merit. I have a hefty 401k for retirement,but I'm trying to get paid in full off of my stock account. If you need to further pry, goto cutpharmers.com, otherwise, I appreciate your concern. I'm only posting because I've been bored after having my gaul bladder removed and I'm tired of staring at the studio. Just nice to see others interested/uninterested in rsmi. If there wasn't such a push pull, the stock market would be a boring place wouldn't it. My 3 posts are up feel free to bash me all day cosmo.
You know, I always wondered about at the shareholder meeting when he spoke of a large cpmpany in chicago if it might be usrobotics. They've faded off the scene and something like this could return them to glory. who knows. These are my first posts on here, just for clarification on where I stand,I'm up almost 800 % on this stock and now holding, I owned at .02, sold at .175( tried to sell that morning at.24 by cell phone but it moved too fast, ugh, dropped past my stop loss.Had to sell that afternoon and some later) when the sec document stated that they were issuing 400,000,000 more shares. I figured based on .25 at 500,000,000 it would settle at .12. Bought back in at .12. and holding, rode out the dilution dip we're in and even bought more at .15. crazy, maybe. making money, yes please. I even had a plane ticket to goto the shareholder meeting but came down with pnuemonia and ended up grounded. My wife thought I was crazy, but hey, if a company makes you a ton of money, the plane ticket is nothing.