Rim Semiconductor Company (fka RSMI)

[spokeshave]

iOwn: Re: The question is...How much did Ikanos give up to get that funding?[i/]

I think the bigger question is how much have shareholders with NVEI given up while they wait.

We gave up 75% of our equity with the R/S. Additionally, that remaining 25% of the original equity now has the potential to be diluted by 80% because of the massive increase in authorized shares. So, we potentially end up with 5% of our original equity, losing 95% of our equity, while NVEI management pisses it all away claiming they are looking for financing that is non-equity.

It makes no sense.