Secure Point Technologies Inc (fka IMSCQ)

[Pat]

"Prolly hear something about dmrj loaning implant 20M on .02 convertibles in early March."

I don't know if you're saying that in jest or not but it would be my guess that DMRJ WILL be our "renewed" source of funding come March much to everyone's disappointment. I would hope that the rate might come down a point or two but all other conditions will probably remain unchanged. I suppose I wouldn't dismiss the possibility that DMRJ might even kick the rate up a tick but I hope not. DMRJ is not in this to make friends. They're in it to make money. I don't think it will be as easy to get refi as everyone makes it out to be though I'm not questioning that management is trying to find a better deal.

I definitely don't look for IMSC to sell the company but I'm guessing that scenario would be more likely than a new lender in March. Some type of partnership would be a happy compromise but the partner sure would be able to dictate some pretty favorable terms for themselves.


Pat