Rim Semiconductor Company (fka RSMI)

[Hound]

Spoke:

I re-read the statement in the filing per your reply and I am just not exactly certain what is meant in regards to filing an additinal registration.

So at this point, I will not disagree with you.



(Y) if such Registration Statement has been declared effective by the
SEC at that time, file with the SEC an additional Registration
Statement (an "Additional Registration Statement") to register the
number of shares equal to the excess of the Increased Number of Shares
to Be Registered (where the number of shares determined by clause (x)
is based on the Conversion Price in effect on, or within three (3)
Trading Days prior to, the date the additional Registration Statement
(or any amendment thereto) is filed, over the aggregate number of
shares of Common Stock already registered.