T M M Inc (TMMI)

[Frackedup]

Fool, you're confusing yourself again. DFI was required by the licensing deal to pay $500k PLUS 5% of the company to Iterated. The $500k was paid to Iterated out of the 29 investors funds sitting in Simpson's brokerage account NOT a DFI checking account. The 5% company stock could not be paid by DFI since it was an S corp, so DFMI was created and the shareholders who put up the funds put into it to finish the deal and it did so, making it the only license holder.

To summarize, DFI did not pay any money or stock to Iterated for anything. It took the 29 investor's funds and DFMI to complete a valid deal for the license.

Its really not that complicated, just follow the money AND stock. DFI never had a valid license! There are plenty of crooks around here to rant about, you're just looking the wrong direction.