Simpson hasnt been a director at TMM since the very early 1990's and was certainly not an officer of any kind for TMM in 2000 when he was representing DFI and DFMI.
So then who was Tom Simpson acting for when he negotiated the arrangement to "use shares as security for a loan" to borrow money to pay this money to Iterated?
I remember a lot of historical discussion about this being a conflict of interest of sorts. Did he not resign later?