Rim Semiconductor Company (fka RSMI)

[WHP03]

dsc31 - that quote is in direct conflict to the statement(s) made in the recent SEC filing that indicated nearly all of the funds will go to paying off debt and current obligations.

With that said, the market is voting "thumbs down" to date re: the recent funding package, and inability to raise enough money to meet current obligations and complete the "BETA product" and commercialize an ASIC. Clearly, even if NVI could spend every penny of what they raised, beyond paying Ray his hefty finder's fee, they still would fall far short of having enough capital to complete an ASIC (i.e commercialize their so-called technology; which has yet to be seen or proven in reality).

Although I suggested the price might spike up to the high-teens before it heads below 10 cents/share, it appears to be moving lower on "nothing-volume", and I doubt it will go higher unless NVI somehow pays for a new pump, and soon.

What a shame. No money, no technology (that they can show or prove), just inflated comp plans and conflicting PRs with official filings, leaving the few hopeful scratching their heads and reaching for straws - if they're so inclined as to not see the obvious.

Bill