Secure Point Technologies Inc (fka IMSCQ)

[int10a]

I do not think Zapata entered into the bankruptcy court filing at all. It was just to sell to L3 and pay off the creditors, I did not see Zapata even mentioned in the Chapter 11 filing with the court. The main point of the Chapter 11 appeared to be to sell everything to L3 clear and free of liens, claims, etc. and use the proceeds to pay off the creditors. I do not think any reorganization plan had to be submitted to go to Chapter 11 or to get the DIP financing. That seems to come later, and the equity committee is supposed to have input into it. It does seem there can be no plan to keep the company running if the ETD business is sold now that Zapata is gone.