Rim Semiconductor Company (fka RSMI)

[Trexville]

Spokeshave both parties have come together and agreed on the terms. NVEI has signed the loan documents. Now it's up to the lenders to forward the money. They haven't done so. So although the company has entered the deal, there is no deal until the money comes into NVEI. Will the lender forward the money? That remains to be seen. If they do, we have a contract and away we go. If they don't, obviously there is no deal. There are other irons in the fire regarding funding, but this one does look good.

Because the company has indeed signed the documents and because this event took place at a time close to the 10Q the attornies considered it a material event and insisted it be included. If NVEI wanted to bamboozle people Brad Ketch would not have come out with a clarification of the deal the VERY NEXT DAY. They would have simply let the information in the 10Q, which is correct, stand. They wanted everyone to realize what was happening.

I'm not sure I get why this is difficult to understand.