Replies to post #13223 on Rim Semiconductor Company (fka RSMI)

[excel]

Austin. do you believe NVEI may have already recieved the test results?

In order to answer that question with any amount of faith towards getting it right you'd have to look at what has been spent on R&D imo.
From the filings last 3 months up to April was $30,000 listed for R&D.

That being said, Brad in his Presidents Letter stated R&D numbers from the filing in a different way.

We said that we would invest more in research and development(6). We did. In our fourth quarter 2002 and first quarter 2003, we invested about $231,000 in each quarter. But now in our second quarter, we invested $300,000, which is a 30% improvement.


6 - termed "Research and Development" on the Income Statement and also "License and development fees payable" on the Balance Sheet.

Now you need to ask the $$$$$$$$$$$$$$$$$ question.

Is the License and Development Fee from past due funds owed?

Imo it may certainly be.

In fact I spoke with Brad on 4/25/2003.

Remember the recent filing was for end of 4/30/03

http://www.investorshub.com/boards/read_msg.asp?message_id=952595

Why can't we negotiate with Adaptive to help more right now with their engineers? Tack on a percentage to royalties?

Adaptives books are private. But it is my understanding they aren't in a position to cover payroll in order to do that.
A side note on Adaptive - Next month we will make our last payment to them for old debt. All caught up.

The next month of course would be May.
Brad also stated at that meeting....... "of course being able to make that last payment depended on the raising of funds".
You now can come to your own conclusion.