Rim Semiconductor Company (fka RSMI)

[NorthernTrader]

spokeshave, I agree that continued funding at this point is very important to the company. Ketch mentioned this as a high priority and something to which they are giving considerable attention. They are in contact with some significant sources of funding and working to obtain what they need. Once the funding is in place I'm quite confident they'll move forward as agressively as possible.

It's still a very tough VC market. (Just this morning I read the following quote in an industry publication: "Money is the elixir upon which start up companies sprout and grow, but these days it seems that this nourishment is hard to find. Rumor has it that only companies that don't need money can raise it.")

As I stated in earlier postings, I'm optimistic that new investment money will be made available to the company following the public release of the specs. I believe there are those in the investment community who have been waiting for the public release of the tech's capabilities and I believe we'll begin to see new investment interest, both on a funding basis and on the open market.