Monday, April 21, 2014 4:25:16 PM
The $500,000 raised to pay Iterated for VDK2.0 was done by the 29 selling their pooled TMMI shares to the investing public. Iterated agreed to sell the VDK2.0 source code to DFI with the understanding TMMI would acquire DFI. Instead, the source code was hijacked by a split away group from the original 29 and shuffled through four different companies over the years. The members of the split away group violated SEC laws.
Securities fraud,also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws
The selling of their shares, especially while these same people were actively promoting TMMI on various chat boards to the public with the intention of using the proceeds to strip TMMI of its asset was ILLEGAL!!!. These 29 people have committed securities FRAUD!
And there NO Statute of Limitations for this......
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