Rim Semiconductor Company (fka RSMI)

[WHP03]

"This is a high risk stock that will most likely FAIL."... uhm, excuse me, but as a stock - it already is a failure (99.9% decline in market value from its high)...as a company, it never had a chance...

The financials are a disaster, they have no viable product to sell, and 3 out of 4 of their "mgt team" just walked out the door, and besides a 1 sentence mention in a late '07 President's Letter - the company has failed to even mention these high level departures... how convenient.

When you have to give up 150MM shares to "raise" $300,000... you're in a world of hurt. You're admitting with a brass band and fireworks that no one will touch you with legitimate funding... NO ONE! RSMI is the ultimate definition of a bottom feeder.

Anyone who begins to categorize them as a viable company should have their head examined... quite literally.