T M M Inc (TMMI)

[4retire]

We're currently at the $.05 level. Nothing but downward movement. This is sad when we were at $.20 two years ago. Since that time we received a strong PR in May about RTN stating that we were in a joint research program with them. Not a word since. Then a month or so ago we read about another joint program with Gapetto. The RTN announcement moved the stock for a day or so. The Gapetto thing didn't even have that effect.

Most here don't like talking about financials and I know why; they're bleak. The report we read for the 3rd quarter financials showed approx. $500,000 in cash but upon closer review, there was little information about accounts payable and there are no accounts receivable that can be discerned. The reason I bring up accounts payable is due to the very small payments that went for legal. One can only surmise that those bills were paid after October 1, 2014. History has shown us that the quarterly legal fees for this lawsuit are considerable. That will certainly quickly degrade the current available cash.

We then read where TMMI was attempting another private placement at $.05/share but had only raised $25,000 at the end of that quarter. Now we're at the same price where the PPs bought that $25,000 worth of stock. This is going to make raising further cash very difficult with a current market price at a nickel.

For those of you who have never participated in a private placement, the bought shares are restricted. That means to turn them into saleable shares you have to spend a few hundred dollars to get them removed from restricted through legal steps/fees.

Unless we get a revenue bearing announcement soon, TMMI will be in jeopardy. That, or the company reduces the price for future offerings of a private placement. We need a revenue bearing contract NOW!