T M M Inc (TMMI)

[smittysstocks]

You should try rereading that judges decision again SHE is the one saying TMM had full knowledge that Dimension claimed ownership of the VDK 2 codec license and that DFI had NO ownership of it. Your quarrel is with her.

And also note that DFI was a dead empty shell from 2000 to 2012 when the TMM accountants decided to pay the 12 years of suspended corp fees and file the 2001-12 taxes. Except the idiots forgot to put the codec license as an asset on any of them or else refuses because it was outright fraud. Pick your choice but ONCE AGAIN here is what the judge said:

4. Simpson listed the right to the "fractal codes" on DFMI's federal tax returns and not on DFI's. This representation is one which is given great weight by the Court especially given the representation made in communications Simpson made to the shareholders.

5. The representations made by Simpson were relied upon by Counterclaimants to their detriment.

6. As a matter of public policy, DFI is prohibited from asserting a position contrary to that which it took on its federal tax returns.

27. Simpson signed both the DFMI and DFI federal tax returns for 2000 and that he used the same tax accountant to prepare both returns.

28. DFI did not list the License as an asset in its 2000 return.

29. DFMI did list the License as an asset in its 2000 return.

30. The schedule for the form 1120 filed by DFMI for the tax year ending 12/31/2000 identified in the section "other current assets" the property "Fractal Codes" a beginning value of $0 and an ending value of $846,500. This is consistent with the acquisition of the license as a result of the execution of the assignment and second addendum executed effective March 28, 2000.

31. From 2002 to 2011, DFI never listed the License as an asset on its tax retums. (footnote 15)