Secure Point Technologies Inc (fka IMSCQ)

[zeynoc]

Blended is higher. 1.08 was the first tranche. Howevr, putting the SP range to DMRJ converts make absolute no sense as those converts are not the problem, it is the older 8 cents ones that create the problem. The SP is where it is for million reasons described in here not because of a conspiracy I.e. DMRJ's converts etc. at this point.
Also, this BAM, IP rights story that you have been saying makes no sense either. Any term loan would have the highest asset coverage protection I.e. Collateral. DMRJ gave them that priority and took out 20mn exposure because they know that 20mn would be multiple times covered so they did not see a risk w that give away in my view. At the end of the day, they did not want to put in new money as they kept a 20mn line for working capital in any case so they have not reduced their exposure at that point.