Rim Semiconductor Company (fka RSMI)

[porscha]

excel - thanks for the info on the adaptive deal.

TLSI was owed $ 850,000.00 and accepted 624,480 restricted shares as payment in full. that averages out to $ 1.36 per share.

Zaiq is owed the remaining $ 3.1 million and they are accepting either cash or 100% market value stock as payment. the 10 day average closing price for NVEI is $ 1.09. if the deal was closed tomorrow Zaiq would receive 2,844,036 shares of NVEI

that's a total of 3,468,516 shares NVEI would have paid for the adaptive layer 2 and 3 technology. not only a good deal but a FAR cry from some of the 12 to 16 million share estimates that others have put forth.