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SORRY, you know what they say about statistics, they lie! LOL
Case over but actually not really even close to being over. Buckle up!!!!!!!!
Projections of a big TMM turnaround next year are completely ridiculous and everyone here knows it.
2017 TMM Expectations
Its great to be optimistic but occasionally a dose of reality should be added in. Why would 2017 be any different for TMM than than the past 30 years of failure have been?
Good for TMM:
The current lawsuit had its trial and that trial is over.
TMM claims it has a new product better than anything else in the marketplace.
Not looking good for TMM:
The lawsuit had its trial and TMM lost. TMM will owe costs, maybe lawyer fees, and faces an open ended possibility of a new lawsuit for the abuse of process claim. Also, since TMM lost the stolen VDK 2 license rights what will they do about the tens of millions of shares given to Simpson, Haskins, Stratter, Kim and others? Seems like they should be going back after those shares doesnt it?
There is no information about this new product other than PR hype. The most recent online mentions of it by TMM were for an open source codec variation that anybody could duplicate.
TMM still owes its lawyers at least $450,000 and has loans with undeclared collateral of at least $570,000. How long before these groups foreclose?
Not much interest in TMMs future today. ZERO volume looks like TMM took a three day weekend.
2017 TMM Expectations?
Its great to be optimistic but occasionally a dose of reality should be added in. Why would 2017 be any different for TMM than than the past 30 years of failure have been?
Good for TMM:
The current lawsuit had its trial and that trial is over.
TMM claims it has a new product better than anything else in the marketplace.
Not looking good for TMM:
The lawsuit had its trial and TMM lost. TMM will owe costs, maybe lawyer fees, and faces an open ended possibility of a new lawsuit for the abuse of process claim. Also, since TMM lost the stolen VDK 2 license rights what will they do about the tens of millions of shares given to Simpson, Haskins, Stratter, Kim and others? Seems like they should be going back after those shares doesnt it?
There is no information about this new product other than PR hype. The most recent online mentions of it by TMM were for an open source codec variation that anybody could duplicate.
TMM still owes its lawyers at least $450,000 and has loans with undeclared collateral of at least $570,000. How long before these groups foreclose?
4retire, I think if you are one of the select few who TMM hands 800,000 shares to for absolutely nothing its easy to be optimistic. Your stock price base is zero so anything you get is a profit. A great position for newbie to be in.
And yes Im sure 2017 is going to be a GREAT year to be a TMM....... LAWYER!!! But only if you take cash in advance. LOL
So, was the statute of limitations motion granted? No. Kind of speaks for itself then doesnt it?
Like I said, buckle up this ride is just starting!
Well I think we can safely say that it was TMM who has wasted everyones time and money the past 4 years by starting this whole mess with zero help from anyone else. Nobody told them to attack another company minding its own business or to try and steal its IP property. So, TMM deserves whatever punishment it gets as a matter of both legal remedies and karma in general.
Again, we are just speculating what the costs damages will be but it will likely take a while to resolve it.
And of course my list of additional potential legal actions is still in play, should be interesting to see how many of those items are filed, if any.
I seem to recall estimating 10-20% max of the total legal bill that gets related to the final claim. So if we assume both sides spent a million bucks we have to reduce it to the part related to the last claim right? Not sure how much that is but the better part of the whole thing was fighting over who owns the license. I could see the final costs portion being between $25k and $150k, printer ink is expensive.
So share with us when is TMM going to follow-up on the recent price pump? Everyone knows its coming we just dont know exactly when or exactly what it will be. Either a new joint venture with another nobody or else one of those online penny stock pump pieces. I think they wore out the pre-sold software gimic. Should be coming soon Im sure they will want to have the quarter ending price over 5 cents for issuing more private placement stock.
I think they are still laughing about that $100k TMM spent on trying to attack a patent since every claim was restored a day later in a newly approved patent by the patent office. But you always forget that part. LOL
Well I have no idea what you mean by hooped but no TMM is not moving on at this point they are between a rock and a hard place.
Besides what does TMM moving on even mean. They have never done anything but issue completely bogus PRs and play the stock price manipulation just as is going on right now. That is their only business. No products no customers no contracts no sales no revenues. False PRs of non existent "pre-sales" dont count when they never materialize.
OK, sounds good. I think what we are talking about though is the extent of TMMs remaining risk from their frivolous and abusive lawsuit against another business and its investors.
Whether the court has put a "case closed" sign up has little or no meaning for the potential repercussions. Anyone thinking this is really over is just being delusional. Unless TMM decides at some point to work out an overall solution I see it going on a long, long time.
But hey maybe Im wrong. Hasnt happened yet but you can always hope. LOL
Urban, so what do you think of the judge's court site notes from July 1 of this year.
Motion to Clarify (3:00 AM) (Judicial Officer Gonzalez, Elizabeth)
07/01/2016, 07/19/2016
TMM, Inc. and Digital Focus, Inc.'s Motion to Clarify the Court's Rulings on Attorneys' Fees and Costs on an Order Shortening Time
Minutes
07/01/2016 3:00 AM
- COURT ORDERED, matter SET for hearing on Tuesday, July 19, 2016. 7-19-16 8:30 AM TMM, INC. AND DIGITAL FOCUS, INC.'S MOTION TO CLARIFY THE COURT'S RULINGS ON ATTORNEY'S FEES AND COSTS ON ORDER SHORTENING TIME CLERK'S NOTE: Parties notified by distributing a copy of the above minute order to the parties via electronic mail.
07/19/2016 8:30 AM
- Matter submitted. COURT ORDERED, the answer to Plaintiff's question is no. The Court cannot say Defendants will not be able to get attorney's fees under the circumstances.
Sorry urban you only got part of that right. TMM is still at high risk for a number of actions as I see it even if I dont have your legal training.
Yes, the costs blame game is on. Usually those go back an forth a while before being settled. TMM will pay up or be forced to shut down I doubt there will be any "accruing" on this one.
How about the attorney fees? The judge also mentioned Dimension could go back after them if they won and they did. Not sure if that will happen but it could.
The abuse of process claim. I know you insist Dimension will not pursue that claim but they sure could if they want to.
The 8 of 10 claims denied by the judge that you say are forever gone. Sorry, not true. They could be refiled at any time against TMM. Nevada law is a lot different that Vancouver law.
This case is just getting warmed up! There are consequences to losing!
And let's not forget about the non Dimension issues. TMM still owes its old lawyers $450,000 and has an outstanding loan for $570,000 that we know about. Time will come to pay those pipers too.
TMM case closed? Not even close. LOL
Well thats disappointing most here have been looking forward to mega millions in damages and mass imprisonment of Tmmi personnel as you suggest. But hey it looks like things are just getting warmed up again doesnt it so who knows? Im sure TMMs backers wont mind another year or two of court hearings will they?
Wow that 7 cents became 6-5-4 quickly and headed downwards whats up with that? Wheres the confidence in our TMM leadership? Not to worry Im sure another wonderful and positive update is just around the corner.
No word on amount yet but I thought you guys assured us TMM shareholders that TMM was off scott free and done with this court stuff? Wow I guess not looks like payback time who knew?
So is this it? Any more actions against TMM coming? I know you said no way but have you changed your mind?
Court site update! More bad news for TMM! And most likely just the tip of the iceberg!
12/06/2016 Memorandum of Costs and Disbursements
Defendants'/Crossclaimants' Verified Memorandum of Costs and Disbursements
As I said the TMM insiders obsessed with another company they have no clue about I would ask why they never mention TMM but what would there be to say? TMM, the Sienfield of penny stocks, a company about NOTHING. LOL
It seems the TMM insiders prefer to spend their time day and night fretting about what a totally different company is doing that they know NOTHING about rather than worrying about why their own LOSER TMM has blown 13 million dollars and accomplished NOTHING. No customers no products no revenues NOTHING!
TMM business??? LOL No such thing! Nothing but a hype machine. No products no customers no revenues nothing! Well TMM does have some massive debts and legal obligations. Owe prior lawyers over $450,000 and now a $570,000 loan with ??? collateral and more on the way with TMMs crushing lawsuit loss damages still to be assessed. It wont be pretty.
Yes TMM down about 98% from the Simpson - Fernandez pump and dump of 1999 - 2000. But so many TMM pumps and dumps over the years with no signs of being a real company that who can recall them all.
30 years and nothing has changed.
Interesting updates this evening. Glad I made a decision when this was a loooooot lower! Good luck everyone!
TMM still down about 80% from the last big fluff PR even after a post lawsuit loss pump up. And for that matter down about 98% from the big all time pump back in 1999-2000. Kind of a downer!
Well my track record of predictions is virtually 100% correct compared to yours at about zero but since you are sure, "I will go on record as saying that there's a good chance Tmm won't be sued anymore by Dimension." will be put in as your final word on the matter.
Correct I have TMM history on my side as in their 30 years they have always failed to make the right decision whenever a decision was called for. A perfect record you might say. Who knows if anything will happen in what is left of this year but we can all count on TMM to do what they do best....nothing!
Yes put me on record of saying a good chance of a mega million dollar abuse lawsuit coming back to a court near you and also that TMMI will be trading sub penny sometime soon. How long will the payday guys keep pumping that price to keep it up? They will tire soon then its over and out.
Well yes I guess its a shame that instead of Cavanaugh and TMM spending a dime and picking up the phone and calling Panik to see if he agreed that Simpson (the guy they were suing for forging Fernandez's signature on some docs and for reselling the VDK 2 to several other companies after selling it to TMM) had rights to the VDK2 they instead stuck their heads in the sand (being kind here) and started a 2 million dollar in lawyer fees (SO FAR) lawsuit. But nobody said these new TMM guys were any brighter than the old ones did they?
Lump of coal for the winning attorneys? LOL Probably not. I bet they have done well and are happy campers. And just think about it they have so much more work to do adjusting the TMM attitude since TMM doesnt seem to realize it LOST, a lot of well deserved money still to be made!
Yes I agree at this time of the holiday season we should be feeling bad for those stiffed TMM lawyers. Well maybe not for the probably rich east coast guy from the big firm but how about the little Vegas guy working by himself I bet a big chunk of that unpaid $450,000 was his salary for the past two years and now nothing to show for hundreds of hours of hard work. Well at least he can say this "LOST CASE" shouldn't count against his court record since he got out before the end. LOL
Yes we are all bullish on these great TMM stock prices after all how often does a company lose a lawsuit they spent a million dollars on and then see their stock price triple even before the damages are assessed against them could be unusual but remember this is TMM where anything is possible of course it all makes sense and is above board well at least on some far flung planet!
But since this is planet TMM we also need to remember they stiffed their attorneys at least $450,000 so in that sense they got a half off discount by ripping off their attorneys! And who likes attorneys anyway! Nobody! Sorry Urban!
Any guesses on that next TMM public announcement? When? What? Where? Maybe it will be news out of the Vangoober branch of the TMM mega machine! Whats TMM director TMM development contractor Stan been up to there? The last TMM PR makes it sound like real magic going on there, besides the usual making investor money disappear. LOL
As I said TMMs bill for costs would I think be relatively small compared to the overall legal bill but still a a pain in the pocketbook if you are the one writing the check. However also as said I like the chances of a mega million dollar abuse of process claim action coming on like a freight train early next year. It could take a lot of fluffy PRs to pay that bill. I also presume it could all be settled for a lot less but since TMM doesnt negotiate it doesnt seem likely to happen.
No great mystery why the TMM stock price has gone up its a last gasp attempt by the pp investors with over 13 million bucks stuck in this mess. They know they have to stink in a few more bucks to try and escape.
Goal - Get the stock price high enough so they can do another private placement at 5 cents. Running out of available shares as 4retire pointed out they need to get more than 2 cents for those that are left.
Method - Get word out to insiders that the pump is on look for more fluffy PRs and maybe as shadow suggests another of those ridiculous internet articles on how great TMMs never seen nonexistent tech is over everything else out there in the marketplace. LOL
4retire you are correct there is a lot of mystery hidden in the TMM financials. We know they owe their old lawyers over $450,000. We know they took on at least $570,000 in LOANS this year. A big question is why did that lender loan the money instead of take shares for it?
If they had taken shares at least they could get something back by selling the shares into the regularly scheduled pumps and dumps. So, it follows they thought they were getting something more valuable.
What is that? Do they have the vaunted new TMM technology (LOL) as collateral? Or maybe the countless times used Trudef trademarked name? No, there's something hidden here we need to root out.
First Ive heard a rumor of TMMs former associate (for about ten minutes) MaxD now working with Dimension? Curious indeed! We will have to keep an eye on that revelation!
Yes I expect more TMM news as soon as they run out of the current pp investment money. And we all are looking forward to hearing how Cavanaughs lab is doing. The latest word on the lab is that it has worms, fleas and indigestion but is under a vets care.
By vaporware I refer to the lack of actual TMM working products. Simpson never figured out how to make VDK 2 work for DFMI or for TMM. He, Stratter and Fernandez instead used Clearvideo which Iterated had sold to a different company (ExNnet?) and told everyone it was the VDK fractal video.
Real developers working for DFMI later took the VDK 2 to the next level and Dimension even further. Check with them for details if they want to share any. I have heard some great stories about how well it works. Simpson and TMM likely have none of that code.
Meanwhile TMM seems to always have some version of a "Trudef" or "Trupix" or some other such nonsense that when push comes to shove all they show is a VP9 or mpeg4 knockoff.
Me angry? LOL hey Im not the ones with 13 million sunk into this "new" TMM mess much of which ended up in good old Stan's pocket and his minions. But TMM has damaged both Dimension's title to the license and their reputation for the past 4 years so Im thinking there is still payback coming that direction.
Yeah thats sure a reliable source. LOLOL or we look at the facts 30 years of TMM vaporware spread through about a hundred total fluff bogus press releases churning the stock to profit those in the know the latest release being no different. Wheres the products? Wheres the customers? Wheres the contracts or sales?
Thats what I thought, nothing there.