Replies to post #28576 on Rim Semiconductor Company (fka RSMI)

[WHP03]

Skid - either that or as I suggested perhaps they have dirt cheap shares and they are loaning NVI the money to essentially enable the next pump so they can cash out of their dirt cheap shares at a profit even taking into consideration their $250,000 investment. If they can pull $250,000+ out of a short term pump on a cost basis of next to nothing, they "got their money back" and the loan money repayment is a bonus. My hunch is the loan gets converted to even cheaper and more plentiful shares (i.e. $250,000 get them 5 million shares @ 5 cent per share) when NVI fails to deliver - beyond the near term pump. So, they get paid twice... once on the nearterm pump where they can sell all or most of their existing 600,000 shares, and then low and behold NVI fails to be able to pay them back and after 3 months, but before the six month loan term is up, NVI offers to convert their loan to stock at dirt cheap prices... without restriction (or with the promise to register those shares on a future registration, such as the second registration that is pending, also a second quiet period, for shares already given earlier this year).

Seems more than logical to me given the twisted ways in which this dog has been funded to date. All of this of course yields lower and lower new lows as they rob Peter to pay Paul, and NVI continues to fail to deliver anything "real".

I know some think next week is going to be the end all be all week. We will see. I just hope, for a change, that those very same people have the courage to admit Brad and Ray have taken them for fools if nothing happens next week. Given this announcement of a $250,000 15% loan (which is a major rip off relative to current interest rates) I don't see how next week is as magical as many say it will be.

As I've always said - happy to be wrong, because if I am we all win. That is if you can sell into the pump and don't mind seeing a new lower low afterward, as I don't see us getting back to $1.50-$2 anytime soon where many of us could get out in one piece or closer to one piece.

B