Replies to post #31621 on Rim Semiconductor Company (fka RSMI)

[hitimer]

jjz - exactly my point in one of my previous posts.
If I were in the bank's position and evaluating NVEI's history, such as it is, I'd sure want one of my people on the board BEFORE I'd make any commitment. That is a given, in my estimation. That we haven't heard of any loan - if it, indeed, is forthcoming - should be no surprise to anyone. When
and if it is granted, NVEI MUST announce it forthwith since it is an event of material importance - to say the least! No way can they sit on that info, nor would they WANT to, IMO. IF this IS an evaluation in process, awaiting decisions, then I suggest we make another batch of gatorade and catch some funnies, like Martha's upcoming TV show,
Decorating Cells For Fun and Profit. :-)
Rob

[ElderWolf]

Maybe I should clarify...what I meant was LEGITIMATE funding. If we had VC money coming (I'm not even going to address conventional bank loans as it's not even remotely possible) then there would be no need to appoint someone to the BOD until AFTER the funding was finalized. My understanding is that VC firms regularly get a seat on the board to oversee operations after they have funded a company. You don't put someone on the BOD because you MIGHT give that company money. So, my theory is that if this dude is here because we have money coming from a VC firm, Brad would be falling all over himself to make the announcement. ALSO, knowing the history of this company, we would have seen a tremendous spike in volume because Ray ALWAYS ALWAYS tells his buddies ahead of time when something good is coming down the pike.

Therefore, I believe it's reasonable to make a very strong assumption that they don't have a darn thing.

One last thing...now that I've had a chance to really get into the world of REAL investing (legit private placements), it's VERY CLEAR to me that if New Visual had anything even remotely resembling something that MIGHT have a good chance at making money, they would have absolutely no problem at all getting the funding.
They wouldn't have to resort to peddling cheap stock to non-accredited investors. In fact, the little guy wouldn't even stand a chance at getting this stock.

This is a scam and Brad is a liar. That's all there is to it.