Excellent post tmmi-newbie. Your description of the technology and the excitement from industry experts on their reaction to what they saw is bang-on. Unfortunately, we have a poster who has managed to taunt and insult posters who recognized MAXD for the scam that it is and drew them here. I believe they will come to a better understanding and realize this poster is not worth their effort.
Regarding the ownership issue, this is my broad understanding of what transpired over the years and why this legal fight has gone on for as long as it has. 4retire continues to mislead shareholders with his driveby twisted version of ownership. TMMI spent over $3,000,000 on a JV with Iterated Systems Inc. in the early 1990's to develop both VDK1.4 and VDK2 fractal codecs before MCI came along and spent and spent an additional $30,000,000 on the code. The $500,000 you mentioned was a final payment (considering the $40,000,000 spent to date) to ISI for the delivery of SGI/PVS version of VDK2 source code license. At that point in time TMMI was disfunctional and in the interim DFI was created to conclude the transaction on behalf of TMMI. This was all done with the understanding TMMI would later acquire DFI. When the Dentist refused to honor the original agreement, another company, DFMI was created and fraudulently claimed ownership of the SGI/PVS VDK2 source code license which was never legally transferred out of DFI. When the Dentist found himself without TMMI support he misrepresented the original agreement to ISI and was given access to the source code and has created confusion over ownership ever since.
Fast forward to 2012-2103, TMMI acquired DFI and the SGI/PVS version of VDK2 source code license and withTMMI already owning its previous SoftVideo products it had co-developed with ISI in the early 1990's, TMMI carried on and created its own modern 64-bit multi-threaded VDK3 player that had nothing to do with the old DirectShow filter code from 2000 and despite this fundamental development work the Dentist and his cronies continued to interfere with TMMI's potential customers over the years and on numerous occasions claiming ownership of the codec.
Unfortunately, this has caused immeasurable damage to TMMI and its shareholders and one hopes this long path to legal resolution may be finally coming to an end. Here's hoping for a successful outcome for all of us long-suffering shareholders.
AI
