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Re: spokeshave post# 43837

Thursday, 03/09/2006 7:28:00 PM

Thursday, March 09, 2006 7:28:00 PM

Post# of 78729
Spoke:

When I first read the 8K, I concur that this deal looked to be a bad move for the company, but if you consider that in the original $3.5MM debentures deal that the company was to receive zero funds for these 40MM warrants and now potentially managed to bring in $2MM without additional dilution then it looks much better.

40,000,000 shares is far fewer than were required to raise the initial $3.5MM...

Now RIM only needs $10-20MM more to build an ASIC. Can $2MM produce anything?





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