Replies to post #12774 on Rim Semiconductor Company (fka RSMI)

[flopflip]

I think you can get your answer in raq vol 10 #6. What concerns me is that the computer simulations were done to replace the fpga. Then I thought the next step was the asic but according to raq vol 16 #3 we still need to make the fpga that was due out in Jan. and then have that tested before moving on to asic.For me this is another step (more time) that I didn't expect.I thought the computer simulations took the place of the fpga stage in testing.

[cosmoworld7]

Mr. Ernie McCloud, what you are saying might in fact be what NVEI was telling us, however, I have a real problem with that argument on their part. In the past year, NVEI has issued about 30 million additional shares. Now lets say the average discounted share price was .25 (based on avg price charts), this would indicate an approximate capital of $7,500,000. Now I find it very difficult to believe that out of those funds they simply couldn't budget approximately $80,000 - $100,000 each for another few engineers. Heck, they could issue a few more shares it that's all the holdup was regarding the completion of the tech. JMHO.