Rim Semiconductor Company (fka RSMI)

[Trexville]

Once again the language of the 10Q was put into the filing by company attorneys, who viewed the signing of the funding package as a material event. So the deal has been agreed to by both parties and signed. But the funds have not been delivered yet. Brad Ketch explained this the day after the 10Q came out.

NVEI's management did not want to mention this information in the 10Q and it was the corporate attorneys that insisted it be included. If NVEI's intention was to dupe you they could have issued a sexy PR, they could have fanned the news among shareholders or done several other things to pump this thing. That was not their intention. On the contrary, the day immediately after the 10Q came out Brad Ketch was quick to explain in the RAQ that while the deal was signed (and looks good) that the funds have yet to be delivered.