Secure Point Technologies Inc (fka IMSCQ)

[nynewbie]

Re Liscouski.

I normally don't do company cross-talk on ihub since this may violate the terms of service since this deals with IMSC management any may prove insightful here goes.

Liscouski joined the board of VSYS in late 2012. The company had just released an amazing new security technology called Freedom.

In Feb 2014 the technology was approved by the US Government and DHS then awarded them initial projects valued between $10-$20M. Other agencies who started ordering were DOL and VA. The company was poised for huge growth.

Then within weeks and for no apparent reason Liscouski helped oust the CEO. The company had just raised $2M to market the new technology but from what I've heard Liscouski and gang did almost none. Instead, the board proceeded to spend money like drunken sailors. Highlights included renting the new CEO a penthouse for somewhere around $7k month, lots of renovations, 100% raises for the board etc.

The company started to run out of money within months, the board resorted to desperate financing options. The largest shareholders stepped in and fired Liscouski's hand picked CEO in July 2015 to stop the madness and forced Liscouski and crew off the board around November. They are now trying to save the company.

The stock was at .15 in Mar. 2014 and is at .01 now.

There you have it. Exciting company. New security technology lands a break through deal. Liscouski helps navigate the stock into the toilet. Familiar?