Rim Semiconductor Company (fka RSMI)

[GrooveMaster]

Thanks Pengy.

From what I have read the loan is done....funded.

This is an excerpt from Tom cooper last year.

For those of you who read my letter to the Shareholders a month or so ago let me summarize the steps we'll be taking in the coming months:

1) Complete the underlying science and communications technology and see that it works via simulation.
2) Put this knowledge in the form of a prototype semiconductor.
3) Gain positive evaluations of our prototype board and subsequent chip from carriers and equipment providers such as those mentioned earlier.
4) Begin volume production and deliveries.
5) Recognize meaningful revenues from these sales.

It looks to me like we are on step 4.