T M M Inc (TMMI)

[smittysstocks]

TMM History Part 8

Part 8 brings us up to current times. In order to consolidate power and control of TMM Healy and Wiggins and cohorts consolidated all the loans and converted most of them into shares resulting in two LLCs controlling 54% of TMM, meaning they no longer need shareholder approval for anything they want to do. Mega millions of warrants and options that had been passed out to prior management friends and relatives were cancelled and the coup was complete.

Of course none of this makes them any money, so there has to be more to the plan. For most of TMMs past that meant phony press releases and pumps and dumps. I see this new group controlled by Healy as perhaps a little more careful to avoid jail and likely to produce an actual product. The product may or may not be already obsolete when introduced but I do expect something to be released.

Some point out the video player is already out there and white labeled "TMM" PCs soon to be sold if anybody wants them. To that I will point out any first year programmer can use an open source code to make a custom labeled video player and anyone can get their own labeled PCs. The big question is about the upscaler software that TMM says will be added. Again, will it be another VP9 custom ripoff or a legitimate new codec.

Finally, the appeals will be decided soon by the Nevada court and could be a game changer if they do their jobs. Stay tuned you are now up to date!