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Microcap & Penny Stocks : TMMI - Total Multimedia -- Ignore unavailable to you. Want to Upgrade?


To: cgstocks who wrote (13258)3/24/1999 2:55:00 PM
From: Dennis P  Read Replies (1) | Respond to of 19109
 
Can anyone steer me in the right direction so I can do proper DD before investing $$$ Thanks

Yes. Run away from this thread as fast as you can!!



To: cgstocks who wrote (13258)3/24/1999 7:43:00 PM
From: J. Merlin  Respond to of 19109
 
First Read the Primer on TMMI!! POST #13248



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