Rim Semiconductor Company (fka RSMI)

[famlydog]

I looked into the Mercatus & Partners connection a bit as well today. Needless to say I did not come away with any positive understanding. Like WHP03 has been posting, they have many failed funding ventures. I have yet to find one that went through. They, like any business, needs to fulfill their business plan to make money. If they are in business to fund then they are doing terrible. I also notice that they are putting together creative packages

These developments follow the need by the lender, Mercatus & Partners Ltd., to revise the structure of original loan agreement based on the needs of a master loan facility intended to simultaneously finance a large group of companies in a single transaction. QMT is taking advantage of this window to defer its portion of the transaction without obligation. All collateral pledged under the agreement has been returned to the Company. The original loan facility was introduced to QMT by Ash Capital Partners and Wellfleet Partners, affiliated New York investment banks, who will continue to assist the Company with financing alternatives.

http://www.cnw.ca/releases/April2003/15/c1190.html

This portion of the PR was during the time that we first heard of Mercatus. I would think that we were part of that group of companies. It sounds highly unconventional. Their avg loan agreement was basically straight forward @ 5.5% interest. They are making very little and trying to boundle their prospects as well?? If we are indeed the *first* company to recieve funding, then ..why.

I certainly can see caution flags like many others. Still there are many positive signs; like ALL the people who have positioned themselves together as advisors or board members with New Visual to see us get through. Plus the caliber of these individuals. And also the Zaiq factor, along with the compliance of all sec regulations and the progress we HAVE attained towards our goals.
Without getting too sidetracked, the Mercatus venture seems suspect. I WANT to believe its a certainty, but my better business judgement says this funding is wrong.

BTW, who has ever heard of Mercatus or can find a phone number for them. They were introduced to Quick-med tech. by Ash Capital Partners, I looked into them a bit too....they are just as transparent as Mercatus. Yes Bill, I cautiously await for the SHM and its supposed trigger to future events, but the math doesn't add....