Rim Semiconductor Company (fka RSMI)

[WHP03]

Flip - I think it depends on what ones definition is of "price holding". Personally I don't think 90% dilition over 3 yrs is holding much value, and at current prices we're pretty much at an all time low (all-time low presplit). Some may be impressed with the price, I'm not. Some may choose to interpret that the price not dropping into the teens is some sort of sign that we're at the cusp of great things, finally. Don't ignore the fact that they are not acting in out best interest by not updating the owners of the company (us) on the technology (is there anything to update on?) and they only recently rec'd $1M of $2M in announced capital, which is less than 15% of what they need (the $1M).

It's all relative - but the price has not held and I can not convince myself that the fact it's in the .20s rather than the teens has any positive meaning in so far as "pending events" is concerned.

IMO - B