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The preceding post should give you an indication as to why the lawsuit continues.
Insanity.
Essentially, TMMI owns all iterations of the code provided by Iterated, spanning from VDK 1.4 to VDK 2.3. This encompassed a significant investment of tens of millions of dollars in development through TMMI. Hope this helps clear up the confusion.
I had to do a little digging to find an old post giving some insight into the confusion created by all the lies instigated about ownership of the code. This is a brief one as I don't have the energy to provide the full story but I think you'll get the gist FWIW....
Ghost_of_TMMI
Re: Shadow Stevens post# 35979
Monday, September 30, 2019 10:39:46 PM
"How about relitigating the case in California where merger laws are more strict? DFI never legally merged with DFMI. Under California law DFI still owns the restricted "PVS/SGI Source Code License". Before you guys keep high-fiving each other do you understand the contents and limitations of the "PVS/SGI Source Code License" you so highly value? Dimension can not make any claims against TMMI's VDK2.1 license from 1994, its a totally separate issue. The DFMI separatists sure got schooled in 2000, they should have stuck with DFI and received their TMMI shares when the dust settled. That's what greed does to people. The funny things is, they still haven't figured it out after all these years what they think they have is virtually worthless. Their prized "PVS/SGI Source Code License" has become nothing more than a weapon for waging a war of extortion.
4,000,000,000 TMMI shares for a $54,000 debt? Someone has been whiffing too much laughing gas."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151445939
Thank you for your responses. It's intriguing to consider Elon Musk's approach, as he enjoys teasing his followers with somewhat cryptic clues, such as the hashgraph symbol in this instance. Needless to say, Hedera will achieve mass adoption with or without Elon.
"on apr one, the price was much lower than today and elon did buy."
Please share how you came to know Elon Musk bought Hbars on April 1st.
I wish I had more to give lol. As a student of the naked shorting phenomenon, I recently stumbled upon a video featuring Power Nickel's CEO discussing the impact of naked shorting on the Canadian Mining junior resource markets. I was impressed by his remarkable clarity on the subject and his genuine passion for mining. Interestingly he piqued my interest by bringing me here and it seems that his endeavors in developing a nickel mine may have taken a fortunate turn, possibly leading to a significant discovery in Platinum Palladium.
Good luck!
Your friends will be thanking you bigly if the step-out holes hit.
What has me intrigued is the potential for a Platinum Palladium discovery. This could get crazy in a hurry if the step out drill results come in showing continuity to the original discovery hole.
I smell a short squeeze in the works.
Any idea on when to expect the next set of drill results?
"In essence, I believe the aim is to hinder the stock from getting traction with retail buyers reflecting a real fear of this stock exerting pressure on offside naked short positions contained within the bowels of the DTCC.
"this is crazy: all this in the last 37 secs."
How about these opening trades where the seller sells the stock down to about half its opening value?
04/01/2024 10:36:10 EDT 0.0118 191500 OTCBB
04/01/2024 10:35:55 EDT 0.015 7500 OTCBB
04/01/2024 10:35:32 EDT 0.01715 1000 OTCBB
04/01/2024 9:53:19 EDT 0.021 67500 OTCBB
04/01/2024 9:52:56 EDT 0.02025 12500 OTCBB
04/01/2024 9:30:19 EDT 0.023 184290 OTCBB
This type of trading has plagued this company and us shareholders for years.
"And for just a few bucks? Why?"
It's crucial to grasp that TMMI was a targeted company initially deemed unlikely to survive. The ongoing naked shorting of TMMI's stock is no longer solely driven by profit motives; rather, its primary aim is to perpetuate the manipulation of price and momentum. Over the past few decades, the accumulation of naked short positions has reached such magnitude that the mere act of covering them could propel the stock price to extraordinary levels. What sets TMMI apart from many other shorted stocks is its resilience in withstanding the onslaught of naked selling that occurred years ago, managing to survive without resorting to the numerous toxic lenders that often precipitate a company's downfall when funds run dry. This resilience is rare among public companies, which frequently succumb to the insurmountable dilution accompanying such financings, leading to their ultimate demise. This is why we see these intermittent spurts of volume followed by negligible trading sessions due to a lack of available shares; it is to prevent the stock from gaining traction with the retail public.
This is what makes TMMI a rare company - a "Unicorn" so to speak.
Let's hope this recent price activity is an indication of better things to come for us long-suffering shareholders.
It appears that every time there's a rise in volume, it's swiftly met with selling pressure. There currently seem to be two sellers: legitimate long sellers shadowed by naked short sellers. Today's volume is negligible compared to the previous 2 trading sessions where approximately 1.6 million shares exchanged hands and almost half of which is recorded short.
https://www.otcshortreport.com/company/TMM
As my previous responses adequately address the nonsense you spew, there truly is no further need for me to expend any more energy on you as your post exemplifies everything about you.
Well said newbie, under the guise of a concerned shareholder, he deceitfully manipulates the conversation by weaving false innuendos into his statements, ultimately leading shareholders into a fabricated narrative. His actions betray a lack of integrity and represent a willingness to exploit the trust of others for personal gain. Despite his outward appearance of concern, his true intentions are shrouded in dishonesty as he seeks to advance his own agenda at the expense of transparency and truth. His messages are intended to erode trust within the TMMI shareholder community and undermine any ethical engagement and collaboration for meaningful discussion.
I agree it's time to move on and not pay further attention to him as it only feeds into his twisted sense of self-worth.
Who stole TMM SoftVideo?
https://www.siliconinvestor.com/readmsg.aspx?msgid=12834866
__________
To: Dan Keenan who wrote (18483) 2/10/2000 3:25:00 PM
From: Larry Panik
18484 of 19109
NEWS! Thursday February 10, 2000 2:01 pm Eastern Time
Total Multimedia Inc. Clarifies Preview of Enhanced Audio Sound to the New TMM SoftVideo Player and Patent Status
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Feb. 10, 2000--Total Multimedia Inc. (OTCBB:TMMI - news), the developer of SoftVideo compression technology and software supporting multimedia content developers worldwide, today clarifies the status of the preview availability for new audio technology added to the TMM SoftVideo, and the ``enhanced audio' technology developed by Ryan Eldred.
The preview of Eldred's new ``enhanced audio' is now available for download on its Web site at www.tmmgroup.com. The preview was delayed by modification of the CD audio files to formats for Internet delivery. The ``enhanced audio' provides listeners a surround-sound experience through stereo speaker systems on home computers and will be integrated into the next-generation TMM SoftVideo player.
Digital Focus and Eldred will integrate the ``enhanced audio' technology into the new TMM SoftVideo player, which will be the exclusive product of TMM. The company clarifies that the enhanced audio developed by Eldred has not yet been patented. The company, however, intends to incorporate Eldred's technology into a TMM patented SoftVideo Player that will integrate Eldred's enhanced audio into the TMM SoftVideo player.
About Total Multimedia
Total Multimedia is the developer of patented SoftVideo compression technology and software supporting multimedia content developers worldwide. The company's products enable the industry's highest-resolution picture quality today while requiring extremely small computer file sizes and minimal data rates, which promotes the ease of its use.
Applications of the company's current broadband-based product include SoftVideo, and EZ Images utilizing TruDef compression. In development is a product for low-bandwidth users equipped with 56K modems, which enables a ``like-video' experience utilizing a unique streaming of still pictures over the Internet.
Who are you attempting to persuade in this situation?
"I was drawn into that lawsuit and had to testify."
Your skewed versions of events continue. You seem to overlook the fact that you consistently posted here portraying yourself as a "concerned TMMI shareholder," all the while failing to disclose your vested interest in DFMI. It's clear that you willingly inserted yourself into the situation rather than being drawn in or forced to testify.
Besides myself, it appears your credibility is less than stellar with others too.
As I said, there is a ladder in desperate need of its owner. I think I'm just going to let this last post of yours hang out there.
Let me be clear, I have found you to be a deceptive poster dating back decades and I have no reason to believe anything has changed in that regard. Once again I am obliged to point out DFI was provided the PVS/SGI license on behalf of TMMI which had spent millions in development costs. This fact is indisputable, whatever conversations you may have had with Fernandez is immaterial to the actual ownership of the various iterations of the fractal code that TMMI developed.
As for the court's decision concerning ownership, it is with regards to the PVS/SGI license which had to do with the vastly outdated supercomputer application of that era. That's it. None of TMMI's previous software was ever transferred out of the company. This whole DFI fight back in 2000 was over the development of a new player that would have enabled TMMI's Soft Video to play in Windows and also over broadband and as a further reminder and previously stated, TMMI developed its own modern VDK 3 player from scratch and is not dependant on any of the code that been under dispute.
This is what you get when you have people with little or no software development experience interfere with the internal affairs of a company.
There is a ladder out there in desperate need of its owner.
Excellent post tmmi-newbie. Your description of the technology and the excitement from industry experts on their reaction to what they saw is bang-on. Unfortunately, we have a poster who has managed to taunt and insult posters who recognized MAXD for the scam that it is and drew them here. I believe they will come to a better understanding and realize this poster is not worth their effort.
Regarding the ownership issue, this is my broad understanding of what transpired over the years and why this legal fight has gone on for as long as it has. 4retire continues to mislead shareholders with his driveby twisted version of ownership. TMMI spent over $3,000,000 on a JV with Iterated Systems Inc. in the early 1990's to develop both VDK1.4 and VDK2 fractal codecs before MCI came along and spent and spent an additional $30,000,000 on the code. The $500,000 you mentioned was a final payment (considering the $40,000,000 spent to date) to ISI for the delivery of SGI/PVS version of VDK2 source code license. At that point in time TMMI was disfunctional and in the interim DFI was created to conclude the transaction on behalf of TMMI. This was all done with the understanding TMMI would later acquire DFI. When the Dentist refused to honor the original agreement, another company, DFMI was created and fraudulently claimed ownership of the SGI/PVS VDK2 source code license which was never legally transferred out of DFI. When the Dentist found himself without TMMI support he misrepresented the original agreement to ISI and was given access to the source code and has created confusion over ownership ever since.
Fast forward to 2012-2103, TMMI acquired DFI and the SGI/PVS version of VDK2 source code license and withTMMI already owning its previous SoftVideo products it had co-developed with ISI in the early 1990's, TMMI carried on and created its own modern 64-bit multi-threaded VDK3 player that had nothing to do with the old DirectShow filter code from 2000 and despite this fundamental development work the Dentist and his cronies continued to interfere with TMMI's potential customers over the years and on numerous occasions claiming ownership of the codec.
Unfortunately, this has caused immeasurable damage to TMMI and its shareholders and one hopes this long path to legal resolution may be finally coming to an end. Here's hoping for a successful outcome for all of us long-suffering shareholders.
This new addition to the Hedera Governing Council is a game changer. Mainstream attention is not far off now.
https://hedera.com/blog/bitgo-joins-the-hedera-council-to-further-the-success-of-the-hedera-network-and-support-innovation
I'm speaking figuratively when I say that TMMI could become a unique stock if all the pieces fall into place. Ergo a "Unicorn".
Lawsuits were filed when it became evident that the Dentist and his associates were trying to obstruct TMMI's progress by falsely claiming ownership of TMMI's fractal compression technology, which TMMI had invested millions in developing. The harm caused by the Dentist and his associates is immeasurable, and for him to be rewarded with millions of shares of the company for his actions would be a grave injustice. I cannot speak for the company, but from my perspective, the failure to resolve this unfortunate chapter in TMM history is not about ego; it reflects a flawed legal system that permits such absurdity to persist for what seems an eternity.
That's an insightful question MisteraVA. From my perspective, it seems that liquidity in TMMI's market has been intentionally restricted to dampen retail investor interest in the stock. What's particularly interesting is despite the considerable accumulation of stock over the past twenty years, TMMI remains confined to under two cents. This indicates to me there is a genuine fear among those responsible for the naked short position regarding TMMI gaining momentum with retail investors. One need only look at the last few trading sessions to see what I speak of.
We are sitting with a unicorn stock if things ever fall into place with TMMI.
I really have no interest in engaging with you much further as I can see it becoming an exercise in futility.
"yes your reaction speaks for itself that you don't bother go past third sentence."
You assume, once again, that I didn't go past the third sentence, the tone of my response was influenced by the second last paragraph contained in the petition as follows -
"The author of this petition is ColdAI LLC. based in Delaware. It is merely translating the comments made by the Hedera community on X in response to twitter.com/Zetagammaphi/status/1756522729656979912 and using ChatGPT by OpenAI to understand the legal side of some of these statements. ColdAI LLC. does not accuse any party of any wrongdoings and this petition is merely representing statements made by the Hedera community to improve the health of the Hedera network and the HBAR cryptocurrency. This petition is an expression of opinion and advocacy protected by freedom of speech rights. The creator of this petition is exercising the constitutional right to petition for redress of grievances. The information presented in this petition is based on available responses of the Hedera community and constitutes the opinion of them. The creator of this petition is merely a messenger and shall not be held liable for the content of the petition or any actions taken as a result of its dissemination. The petition is provided for informational purposes only."
"is second time when I post something and you got this arrogant attitude of Hbar specialist."
I am just an Hbar enthusiast and by no means an "Hbar specialist" and as for arrogance, maybe you should take a good hard look at your posts. All of them negative in nature.
"did you read it? based on your reaction I assume not.
and is not my petition."
I most certainly did read it and my reaction speaks for itself concerning the AI-aggregated negative commentary. My reference to "your petition" was not meant literally, it was metaphoric with regard to your posted link.
You assume a lot.
The cyclical nature of markets is well-known. While the Hedera platform has been operational for only a brief period, I maintain a long-term perspective as an investor. I anticipate that the Hbar price will surpass its previous all-time high of 57 cents during the upcoming bullish phase thus rendering your petition somewhat inconsequential. With Hedera's tokenomics enabling us to acquire positions at modest prices, there exists genuine potential for the token to reach values exceeding $1000 each once adoption reaches a critical threshold.
Meanwhile back at the ranch -
Mondele¯z International Joins Hedera Council to Accelerate DLT Adoption, Digital Transformation, and Improved Business Efficiencies
1/ We are excited announce that @MDLZ International - the multinational food company behind iconic brands such as @Oreo, @Ritzcrackers, and @Toblerone - has joined the #Hedera Council, furthering its exploration into real-world applications of #DLT.
— Hedera (@hedera) February 14, 2024
➡️ https://t.co/enrsdyQ3iZ pic.twitter.com/2SWe9rWTHw
Here is why Hedera's Hbar price just popped.
https://invezz.com/news/2024/02/06/heres-why-hedera-hashgraph-hbar-price-just-popped/
Good to see you too planetaryfuture! Hope you're still in for the long haul if you know what I mean?😜
🤑
It's unfortunate the significance of Hitachi joining Hedera is completely lost on you.
p.s. There is no dilution involved, new council members do not receive any HBars for joining.
"With a focus on innovation, partnership, and user experience, Hedera is not only investing in its future but also shaping the future of decentralized technology. As the world watches, one thing is clear – Hedera isn’t just playing the game; they’re redefining it."
https://www.cryptopolitan.com/hedera-network-commits-over-400m-in-hbar/
Another giant endorsement. HITACHI joins the Hedera Governing Council.
HITACHI
And the beat goes on....
As I recently stated - "It is imperative that TMMI lay out a plan that is realistic and blue sky in nature for us to have a fighting chance in winning the battle before us."
Exactly! These daily trades and in some cases, clearly uneconomic bot trades, have been happening for years. Why does TMMI, this lowly pinksheet listed company, get this kind of attention?
Why?
Thanks, Antro and StocksSeedGems for your kind thoughts. This has been a long tough slug for us all and I still have hope for a positive resolution despite all that has transpired over the years. To be honest, it is the naked short position entwined in TMMI's share structure that has kept my interest and hopes alive. I am convinced the size of the naked short position is a gargantuan one. This is not an easy fight when you consider the formidable forces that have maintained this ongoing manipulation for so many years. It is imperative that TMMI lay out a plan that is realistic and blue sky in nature for us to have a fighting chance in winning the battle before us.
There's a popular saying, "Beauty is in the eyes of the beholder," and when it comes to assessing the current state of TMMI, perspectives can vary widely. Taking an optimistic view for instance, the name Total Multi-Media, coined by Taylor Kramer, holds significance in today's multi-faceted landscape. Taylor's original vision was to create a video delivery platform with diverse content for the internet, a concept that resonates well in the current environment. Comparatively, it stands out as a more compelling and marketable name than X (Twitter), the platform Elon Musk currently is urging video content creators to migrate to. Musk's eagerness to address and reverse the substantial losses following his Twitter acquisition is evident, especially as he looks to take advantage of the current YouTube demonetization of a significant portion of its content providers with the promise of a better share of the advertising revenues.
https://fortune.com/2024/01/09/elon-musk-x-video-first-platform/
https://www.reddit.com/r/youtube/comments/17r49l0/100_million_views_but_youtube_has_demonetized_us/
My Youtube has been demonetized
I know this is wishful thinking on my part. Here's hoping for a positive outcome.
I believe we share a common understanding. As I previously acknowledged the improbability of your involvement in the suspicious activity, it's evident that there's an undeniable concerted effort to suppress TMMI's share price at any expense. Unfortunately, the lack of substantial updates from the company has inadvertently assisted these perpetrators.
It is incumbent on me to emphasize the potential magnitude of the naked short position caught within TMMI's share structure, possibly accumulating to hundreds of millions of shares over a span of twenty years. In my view, the notion is no longer speculative; instances where naked short positions exceed a targeted company's outstanding shares are undeniably real, as exemplified by the highly publicized GameStop short squeeze. The reported short position at that time exceeded 140% of the company's issued shares. This raises a crucial question: if the reported short position surpasses 140% of the issued shares, it begs the question; how many additional naked short shares are negatively impacting the company? Unfortunately, this is an elusive number to attain as it is by design that transparency is not available for us to determine the actual numbers. We can only rely on the daily short report for an indication of what that number could be.
If my assumptions are accurate, we possess a rare gem in this OTC realm that might trigger significant consequences for those responsible for the long-standing fraud that has unfolded unchecked over the past couple of decades. Here's to hoping for a positive outcome for all of us.
While BigB has expressed clear discontent with the management, I am not inclined to attribute the recent trading activities to his influence. What unfolded appears to be a sequence of pre-arranged trades strategically executed to mask the actual size of the shares involved. It is crucial to closely monitor daily short sales to comprehend the pervasive downward pressure on TMMI's share price.
OTC Short Report