T M M Inc (TMMI)

[Frackedup]

Mr Fool, yes I think I did answer that question but to clarify the situation you are talking about DFMI did not dissolve until December of 2008. In 2007 Panik foreclosed on his court filed lien and took the assets that were part of his loan guarantee. DFMI had borrowed a lot of money from him (don't know how much read the filings its in there). That left DFMI with no assets. They were already broke and the only asset left was the codec license which he took. There was nothing left after that to distribute to the other creditors or investors.

Long before Panik foreclosed on the lien all shareholders received letters from DFMI management telling them that without more funds the company would fold. No surprises for anyone when it went under.

Again, all apparently done legally and well past the statute of limitations if anyone had a gripe.