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Frackedup

05/11/14 11:24 AM

#8673 RE: jay14 #8672

Simpson was the incorporator of DFMI, not Panik. Panik was on the initial board of directors but resigned around September 2000 and a few years later rejoined the board of DFMI as Chairman until 2007. Was Panik one of the DFMI "founders"? Yes, the term founder usually refers to the initial group in any company so that would include Panik and 30 others. I know titles seem to confuse you but Chairman of the Board is not the same as President or CEO.

Do I scorn Haskin? Yes, and Simpson and Fernandez as well. They are all crooks as you well know but even a broken clock is right twice a day. Keep in mind that Simpson is pretty much the only witness tmm has for their case, how sad is that? But they have to use what BS he makes up now and yes he will say anything you pay him to say. But the other side will use his written and signed statements from 14 years ago that its too late to change, as well as court papers from 2002-3. Which would you rather use?

Like I said, Simpson's email is just one of dozens of similar documents already on file at the court, including Board of Directors minutes. The likelihood however is that the jury will decide that challenging a 14 year old contract is waaay too far outside the statute of limitations anyway.
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tmmi_fooled

05/11/14 11:32 AM

#8675 RE: jay14 #8672

"" Although these three (3) groups of people were issued stock certificate receipts from Digital Focus Media, Inc.""

Well, If Panik can not provide any legal documentation to prove that DFI and DFMI were really merged, then ,I would say DFI and DFMI were not merged legally. Then the next question is the 29 investors gave their DFI shares to DFMI, in exchange for the shares of DFMI, and later these DFMI shares turned out to be worthless due t DFMI was forced to close door by Panik.
Secondly, conflict of interest, Did Larry Panik formed DFMI in 2000 ? did he formed DFMI before or after he became the investor of DFI ?
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tmmi_fooled

05/11/14 12:36 PM

#8683 RE: jay14 #8672

Jay14,

I remember reading some where that the original plan was TMM was supposed to merge with DFI , because TMMI was a public company while DFI wants to go public . As a result, the 29 original TMM investors turn in their TMM shares and get the DFI shares , in return, DFI will sell the TMM shares turned in by the 29 investors in the market and get the fund and pay back to TMM with the fund and TMM is to issue Prefer shares to DFI to finish the process of merge , if I remember right . Then why all of sudden Someone wants to merge DFI with DFMI ?????????? What has happened ???