Replies to post #12732 on Rim Semiconductor Company (fka RSMI)

[427Cobra]

spoke:

How do you know it isn't true? I f I were holding a convertible note that had either:

1) a 50% cash payoff, or

2) can be converted to restricted shares

I would be a fool to convert. The movie is sold, and they will get some money. The cash option is a basically sure thing. That means a 50% return for noteholders if they choose payout.


I converted mine, and some others I know did too a while back to get the year of eligibility out of the way. I don't know how many haven't, i just know that some have.

My point on Cono is that the payoff could have happened since the last filing. I'm not saying that it has, only that we don't know for sure.