Replies to post #20733 on T M M Inc (TMMI)

[4retire]

I find this to be interesting: Exhibit A6 indicates that on September 20, 2000 Plaintiff DFI and ISI signed an addendum to their PVS/SGI license agreement whereby both parties warrant that DFI had assigned the underlying license agreement to Defendant DFMI as part of a merger in which DFMI acquired all assets of DFI. The document was signed by the then President of DFI, Tom Simpson. The document titled PVS/SGI Video License Agreement appears clear and unambiguous. It states: (a) DFI has assigned the Agreement to DFMI as part of a merger in which DFMI acquired all the assets of DFI; and (b) DFMI has agreed in writing to assume all the obligations of DFI. (b) Such derivatives shall be provided to DFMI as mutually agreed but in any case prior to the termination of this [Section] Once received by DFMI, such derivatives will be included as part of the PVS/SGI Source Code.

[smittysstocks]

I think most TMM shareholders should find it incredulous that TMM's entire case relies on first of all the 1% chance they get past the statute of limitations then second convincing the jury that their own witness Simpson committed securities fraud back in 2000 and stiffed the 50 shareholders who put up 100% of the codec purchase funding, filed false tax returns for 10 years, and somehow made a legal sale of something the California courts already said he doesn't own to TMM in 2012. And all of that after TMM has already sued Simpson for forgery and fraud themselves. Good luck with that plan! LOL