TMMI - Total Multimedia Message Board

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Microcap & Penny Stocks : TMMI - Total Multimedia

TMMI 0.00750

0.0%

Dec 18 4:00 PM EST

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To: cgstocks who wrote (13258)	3/24/1999 10:56:00 PM
From: Bruce Hoyt	Read Replies (3) of 19109

OK CG, just so you get an alternative opinion: * 100 million common shares outstanding (their limit) * Float, unknown but 50%+ owned by small number of people and another 25%+ owned by others following SI so we know pretty much where the shares are * Pros - They have a 15 million dollar tax loss carryforward they don't need; use of some very sophisticated video database software code for their product development (being successfully used by others); advanced graphic compression technology with ongoing but small sales of a photo editing product; 10 million dollar judgement (including penalties) against Randy Jackson & Mom (brother & mother of the Michael Jackson) but still have to collect; they have a OTC BB shell set-up for any company wanting to go public easily; and lots of other potential people and companies to sue who cheated them or their shareholders out of millions of dollars or stole their software code; and a few other things I forget at the moment, like our very own Elvis's house CD ROM * Cons - Current management has insufficient funds to reopen operations on any substantial scale without new partners or a buyout and is trying to find the best deal for themselves and us. We owe a former creditor approx. 3 million bucks plus lawyer cuts of the lawsuits and backpay for employees. Current rumor is that some sort of deal is close * Some of the speculation on the current merger/alliance/??? has a reverse stock split coming along with something related to MP3 technology but these are just rumors All of this is IMO until we get a news release. Bruce

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