T M M Inc (TMMI)

[smittysstocks]

The latest TMM financials show a loan of $377,618 on the books and those "accrued expenses" unpaid lawyer bills of $478,662. The notes says the loans are due July 2018 and are at 4% interest. What the notes dont say is what was the collateral for the loans.

The prior quarters filing shows a loan of $240,000 at 6% due in early 2017 but no reference now to that loan or the money owed to Stan Fords company unless they paid Stan off in stock or decided to just stiff him like they did the lawyers.

Looks like somebody dumped their shares at the bell this morning. They got lucky to find a buyer.