Replies to post #65127 on Rim Semiconductor Company (fka RSMI)

[goldrusher]

foreontee...this part is too good not to share as it was quoting
an official of the company, not batman.

"Each of our founding engineers did receive their 1,250,000 shares (10,000,000presplit) upon release of the predetermined milestone (lu verf.) they are promised more upon 1 billion in sales."

Anyone note the (lu verf.) LOL, wasn't that Lucent verifying
the garage boy'z tech that has been abandoned? There was no
need for bashers. A co. man saying "billion in sales" should
have sent any thinking man straight to the sell button. LOL

cheers

PS Guinness is good for you.

[cosmoworld7]

You can cut and paste that one today, and you can see the same buzzwords and techniques are still going on - right Eric?

Posted by: famlyinvstr
In reply to: excel who wrote msg# 20 Date:3/11/2001 4:44:15 PM
Post #of 65130

I spoke to John recently about this fall's expo. Whereas NV fully expects to have a market ready product to demonstrate by this fall, John does not rule out the possible it will be available much sooner. If it were to be completed sooner, it would be the result of the alliances and combined partnerships we are pursuing to bring our technology to market. With our corporate plan to license cu@ocx, we will need companies to make the chipsets/equipment and companies to use/operate this technology. These 800lb gorillas will have the human resources and R&D departments to develope our prototypes faster.

Each of our founding engineers did receive their 1,250,000 shares (10,000,000presplit) upon release of the predetermined milestone (lu verf.) they are promised more upon 1 billion in sales.

10,000,000 restricted shares of common stock have been delivered to an escrow agent and will be released to the New Wheel stockholders upon the achievement by New Wheel of a technological development milestone. Additional compensation would be paid to the New Wheel stockholders if New Wheel's high speed digital transmission technology generates revenues for the company in excess of $1 billion, or if there is a sale of assets or stock, or a merger of New Visual or any of its affiliates in which the New Wheel technology comprises at least 15% of the consideration.

*************

Now the question is, how could they have been contemplating and forecasting a completed chip and HUGE sales back then, when the technology isn't even ready today?

[iOwnSomeBio]

How about this one?

from 1/12/01
My wife and I bought a few thousand shares in NVEI to secure our future.
She will graduate college in June of 2002. Is it possible that the
verification, NASDAQ listing and some marketing will be completed by then?

Thank you,
*****

*****,

As you may know, we are very reluctant to put time lines on the process of
commercialization of our technology. However, with the expanded period of
18 months you have suggested, it is safe to project that all of the issues
you addressed will be accomplished. By investing in NVEI as a long term
investment, you and your wife have demonstrated a vision for both our
proprietary solution to communications and also to where the market in
general is moving. As we enable the telcos to provide low cost complex
content over their existing infrastructure, the ease with which we
communicate will be greatly improved. We remain confident in our strategy
and in the contribution we will be making. Thank you for joining us in this
endeavor.


John Howell