Secure Point Technologies Inc (fka IMSCQ)

[pumper_stumper]

They don't care because they have leverage, they have assets for collateral. So either way, they get their principal back.

Debt covenants are a way to control risk. They don't control how a company operates. They are a way of implementing controls for losing companies, not a way to control what they do to earn those losses. There is a BIG DIFFERENCE


Want an example? The bankruptcy filing of IMSC on Oct 10. PP are first in priority for the asset funds!

LENDERS DON'T RUN THE BUSINESSES THEY LEND TO! They don't determine or influence pricing of businesses they lend to. They don't determine the salaries of the businesses they lend to. Should I go on?