Rim Semiconductor Company (fka RSMI)

[ElderWolf]

TFN- Please give a detailed explanation of what death spiral financing is. Once you are done with that, I challenge you to find where they have done this. In fact, I'll give you 5000 shares of stock if you point out in the filing where it has been done.

Death spiral financing is when a company issues convertible debentures that do not have a floor set on the conversion price. These types of transactions usually occur offshore.

When New Visual issues shares, those shares are subject to rule 144.

Just the opposite of what you said is occuring. New Visual is NOT seeking out death spiral financing. They have turned many of those types of deals down. That is why they continue to sell RESTRICTED stock. In fact, I know of MANY shareholders who have bought restricted stock in the last year to 18 months and have NOT registered to sell that stock myself included.

I want you to keep in mind also that Ray has many many options priced at $3.92. Brad has a bunch for over a dollar. Why would they want to risk being thrown in jail? Ketch has stated publically in the RAQ's that the tech works better than anything out there. That is NOT subject to the safe harbor provisions my friend. Oh yeah...they're risking jail time for their salaries. WOW...THAT'S WORTH IT.

Do a little due diligence before you invest in a stock. It's amazing what you might find out.