Secure Point Technologies Inc (fka IMSCQ)

[pumper_stumper]

Of all the concepts of successful investing, capital preservation is the simplest and most obvious, but it's rarely followed in the pinks, resulting in huge, stunning losses.

There were dozens of times where investors could have sold and cut their losses. We were at 75 cents when I first said that this was a short on all rallies. This wasn't based on a guess, just based on a simple look at the debt load and cash burn.

Then there were chances to sell at smaller rallies in the 50's, 40's and 30's before bankruptcy was declared.

It didn't stop there, "wishing and hoping" that investors would get 30 cents or more after bankruptcy were based on just that, hopes, instead reading the filings.

What happens when if one doesn't do the work to look at the debt and claims and see that 30 cents was impossible? Losses, as then 20 cents was reached. Once again, data didn't support 20 cents, so what happened? We fell to 12 cents, again, plenty of time to sell and salvage.

What happens if one still clings to hope without looking the data? 12 cents becomes 10, then 7.

Now once again, there are still some wishing that they will be getting substantially more than 7-8 cents after bankruptcy, of course, ignoring the data in the filings.

Can you guess how that's going to turn out?