Secure Point Technologies Inc (fka IMSCQ)

[pumper_stumper]

Congratulations! Well deserved!

"Based on our Company-wide revenues for the fiscal year ended June 30, 2016, the Board of Directors recommended bonuses of $300,000 for Dr. McGann and Mr. Liscouski, $262,500 for Dr. Jones, $250,000 for Mr. Silvestri and $246,100 for Mr. Deschenes. Each of the Named Executive Officers bonuses is equal to 100% of the executive officers’s base salary as of the commencement of the fiscal year, with the exception of Mr. Silvestri. Further, on July 1, 2015, the Board of Directors approved a sign-on bonus of $200,000 payable to Mr. Liscouski."

They got rewarded for leading the company into bankruptcy by giving themselves about $1 million in bonuses while shareholders have taken a 70%ish decline in their share price and apparently have said thank you to management! Love dem pinks!

(and note, you can be sure those bonuses were paid BEFORE bankruptcy was filed! lol)

Wait till you see the bonuses and incentives they get from the bankruptcy process, and if the merger goes though much more $$$$$ in their pockets for "seeing us through the transition"

Just sweep it under the pink sheet rug folks!