Rim Semiconductor Company (fka RSMI)

[Hound]

Spoke: I have not read the complete filing, only the part released through the business wire, but it should be pointed out that instead of the millions of shares listed on the press release that a cashless exercise would only purchase the number of shares that the amount in excess of .15 cents allows for and then the number of warrants used to produce the excess value expire.

In my opinion, the way this creates a lot of dillution is if the share price increases significantely to utilize the cashless option or the investors purchase the shares.