Replies to post #7996 on Rim Semiconductor Company (fka RSMI)

[hitimer]

austin01, NVC does not have the wherewithal to support a bank loan application; they have no revenue or profit, obviously, at this time for that purpose. IF all they can show a bank loan officer is their expense sheet and burn rate, no friendship with anyone will get them beyond the front door. Of course, once they have a demonstrable product which works, with the supporting technical data, things can change in a hurry in that fund sources will be glad to entertain their loan application, imo. Once
these financial sources, knowledgeable re the telco an telecom sector, are apprised of NVC's technology,
I dare say that not a few of them would be more than willing to "bet on the come", as it were. They might ask for a few more points than in a standard loan
situation (my guess), but NVC would likely be more than willing to accept "non-standard" terms.
Perhaps someone more familiar with banking in this area might care to comment on my surmises. The fact that Brad has alluded positively to future loan opportunities augers well for their successful step forward into commercialization.
hitimer - Rob