Replies to post #10348 on Rim Semiconductor Company (fka RSMI)

[ElderWolf]

One other point I'd like to add is this...

If NV signed the dotted line, then they are required to put it in the filing whether or not they received the money.

If it's in the filing, they almost certainly signed the dotted line.

That is, of course, unless they are outright lying which I HIGHLY DOUBT is the case here.

So in effect, they "borrowed" the money. It's just a matter of getting the money in the account. Unless you're a lawyer, you cannot really question the legalese involved here. I will admit though that I did believe the money was in the bank after reading the filing. Oh well, Brad did clear it up rather quickly, just not quickly enough to suit some folks here.

[34Simmons]

ElderWolfe..All loans have many parts, the one holding up funding most likely would fall under the "conditions" section.