Reuters Rim Semiconductor Company Reduces Convertible Debt by 34%
RMSI sold 4 BILLION shares to reduce debt by 34%
Looks like 66% has yet to be paid!
No new shares have been issued since the 4billion sold out, so if the PR is accurate, someone is OWED big money by Willenberg!!!
"Mr. Willenberg was recommended to us by some of our largest institutional investors ( who have many millions tied up in our company)" Evidently the millionaire investors have not heard the word on Willenberg? ROFLMAO!!!
It would be good to have an answer to this question. That doesn't seem like "sound business philosophy" to me!!!! Thoughts?