Replies to post #31623 on Rim Semiconductor Company (fka RSMI)

[mag300]

EW, Please refresh my memory or at least fill in the gaps if you don't mind.

What specifically did Brad say or write that he knew was false at the time he spoke it or wrote it? This is important because if one is willing to lie once, he will likely have no problem in lying again and again. I have seen a lot of references to lies and I have looked for one but I haven't found it yet.

If you can cite the specifics it would greatly help others, like me, who are unaware. If, on the other hand, you are speculating about the possibility of the lying, you may wish to state as such.

I doubt that safe harbor statements would even protect company officials who have intentionally put out false information. If I have read the law correctly, intentionally putting out false information is prohibited. So the lies would just be compounded from then on.

Don't get me wrong, I have seen plenty in the past 6 years which can seemingly be described as at best poor judgment. If there have been out and out lies, I'd like to know about them.

Again, please be specific. I'm neither pro-Brad or anti-Brad. I am pro-truth, however.

Thanks,
mag300

[WHP03]

I particularly agree with the bold sections of your post:

"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."

[immitt]

Great post. Pretty fair to boot.