T M M Inc (TMMI)

[Urbanlegend]

Very fair minded of you to point that out. Sincerely. I have discovered that a few change their posts substantially post production to make the responder look silly. So thank you.

In this case, I'm not sure it changes my response. VDK costs were booked as capital. The abandonment of VDK and the dismissal of litigation means a write down of all costs previously described as on account of capital, with costs now pure expense. (I think I've previously expressed some surprise here).

But as I say, you may be right, and Tmmi spent 3/4 of a million dollars advancing a claim only to pull the plug before trial. If they did so they paid too much, and were charged too much.