There are several world caliber trade shows in March 2008. The IPTV World Forum in Olympia, London is going on as we speak. (Read)
The Chinese Broadband Triple Play conference is posted on the home page and begins March 26, 2008 in Beijing. (Read)
I asked Brad if Rim Semi is participating in any of these conferences. Here is his response.
Hi George,
Our reps in Asia and Europe regularly attended virtually all of the telecom shows. Our domestic employees also attend some shows in the US and occasionally abroad. I don’t think that it’s a good idea to get into specifics about each show. People can assume that in general, we are there in one form or another.
Anyone care to speculate as to what the "multiple recent material developments" that caused the deferment request on the latest filing might be?
I know what we all would "like" it to be, but...
Review of the annual report: As of 1/31/08, Rim Semi has obtained a registration waiver from 9 of 12 2007 of the 2007 debenture holders.
That means at least 75.59% of the warrants that could potentially be converted to stock and sold in May 2008 will not be available. That's good news!
It appears from their willingness to delay registration, at least 75% of the debenture holders are confident in the company’s future prospects. This is important considering a flood of new shares hitting the market would diffuse any rally prompted by order announcements. Hopefully the remaining debenture holders will also agree to waive their registration rights.
2007 Debentures (Continued)
As of January 29, 2008 the Company has not filed a registration statement and is not in compliance with the terms of the registration rights granted to holders of the 2007 Debentures. However, the Company has obtained waivers from 9 of the 12 holders of the 2007 Debentures (representing 75.59% of the outstanding 2007 Debenture principal) waiving such registration rights. (read)
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