Rim Semiconductor Company (fka RSMI)

[excel]

WTM. I will try to answer your concerns.

WTM says....................................................
Please tell me if I misunderstand this picture (no pun intended).
You say............
This company has cash flow problems (actually no real cash flow) -- the only way they have been able to raise money and pay bills is to sell stock or issue convertible notes. Their goal is to develop a last mile DSL solution.

Excel says..................................................
The on going concern was said company didn't have enough money for beyond 3 months. That three months is long gone. They had a financing package available but it would have caused to much dilution. This statement can be verified by calling company.

WTM says........................................................
In the midst of all this, they manage to find $2.25 million to produce a film? This doesn't raise red flags for everyone? They are supposed to make money off this by getting 50 percent of the "net profits?" I'll admit that it has been a few years since I negotiated a movie deal, but unless Hollywood has changed its way of doing business in the last few years, no one (who knows anything) cuts deals for a share of "net profits." This "deal" is a joke, right?


Excel says...................................................
How much DD did you do before jumping all over NV?
They were an Entertainment company before the technology came to them. In fact they still do have the Entertainment division but their FOCUS is on the technology.

3D and movies was their goal before technology came along. During that time a financing deal was made for the up coming movie. THIS WAS MADE BEFORE THE TECH!!!

It was a deal that NV has completed and the harvest will be coming shortly.

If you don't want to believe the details of the way the profit will come to NV then why not go to the company with that?
You have any FACTS available to prove it is not true?

WTM says...................................................
And to top it off, someone is actually saying that it could gross $20 to $30 million? Aside from the fact that this has nothing to do with GAAP "net" much less Hollywood's definition of "net profits," if it were this easy to make this much money is the movies, wouldn't everyone would be doing it? Such "predictions" are inconsistent with reality and the going concern disclosure; specifically:

Excel says.................................................
You want to say it can't make 20 to 30 million. Guess we will have to wait and see now won't we. Marketing is the key.

WTM says......................................................
<<Our continued existence is dependent upon our continued ability to raise funds through the issuance of our securities or borrowings, and our ability to acquire assets or satisfy liabilities by the issuance of stock.>>

Excel says...................................................
I already touched on this subject above. One thing to remember. Two years ago we would be having money thrown at us. Different market now. They are developing a technology. In this type of market you get the money the best way you can giving the best value to shareholders you can in the quest of the funds to continue. NV will tell you they have NO fear of running out in order to bring tech to market. Call and verify!

WTM says........................................................
This movie deal smells very similar to the guy who in a desperate effort to keep his personal financial situation from going bust, begs and borrows whatever he can to come up with $$ for the deal that cannot miss. It is desperation at its best and worst.

Excel says..................................................
Your opinon is NOT based on DD as if it was you WOULDN'T be making this statement! This subject is also talked about above for your education. You sure like to repeat yourself. Hmmmmmmm.

WTM says....................................................
<<We agreed to pay the principal and an amount equal to 50% of the principal if we reach certain milestones from the distribution of our feature length film currently in production. The promissory notes are convertible at any time, in whole or in part, into shares of our common stock at a conversion price of $0.40 per share. In December 2001, we raised an additional $250,000 through the issuance of convertible notes on these terms.>>

They agreed to pay 50% "interest" to get the money to try and get illusory "net profits." This does not raise red flags?

The notes are convertible at any time at $0.40 share. Price recently went to 1.00+ for a short time and is still above .80. If you are an investor and have a choice of making 50% (and only 50%) by doing nothing or doubling (or better) your money by exercising and selling, which do you do? I'd be surprised if the notes had not been converted and most, if not all, of the stock sold. Of course, that means a bit over 2 million more shares issued.

Excel says..................................................
I suggest before you SUGGEST items as FACT you bring something here to back up the above statement.
All of my statements are backed up by past PRs or you can call John Howell at 877 610 0333.

WTM.
Based on the disclosures, this company has to raise more money NOW in order to even think about making it to the end of summer. Of course, this comes at an ever increasing dilution to existing holders.

And, in the face of all this, one employees gets $600K a year in salary? I now know who is making money off this company. Is anyone else?

What am I missing in this picture? If I am missing something important, I sure wish someone would fill me in.

Excel says....................................................
What are you missing you ask? 600k salary? Could you please show me a filing listing that? Or did you get that from reading RBs Mikeygoldpennypickawinnerdaytraderraliass?


It helps to find out for yourself the truth instead of reading so much garbage that after a while if it is said enough people think it is true. Got news for you. It's not! There is no one making 600k salary.

This board has a links post with plenty of places to do research. You might be surprised by what you find.

I think if you called John Howell and gave him your concerns he could give you a much better explanation then I.

It is my opinion you could benefit greatly from that phone call as I have many times.

I constantly bring things to John that I don't like or undrstand.

After I'm done getting their take on matters I either understand and I'm very happy with the answer. Or I'm not happy but understand why it happened that way.

No matter the end result is in the phone conversation I'm always glad I took the time to educate myself more.





Excel
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