Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"On June 20, 2017, the Company filed the First Amended Joint Plan Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”) and the First Amended Disclosure Statement with Respect to First Amended Joint Plan Pursuant to Chapter 11 of the Bankruptcy Code (the “Disclosure Statement”) with the Bankruptcy Court. The Plan was accepted by a vote of the Class 6 Secure Point Technologies, Inc. shareholders and shareholders elected the Plan Distribution Option as evidenced by a voting certification (the “Voting Certification”) filed with the Bankruptcy Court on July 31, 2017. The hearing to consider confirmation of the Plan is currently scheduled for August 3, 2017 before the Bankruptcy Court. A copy of the Voting Certification filed by the Company with the Bankruptcy Court is filed as Exhibit 2.1 and incorporated herein by reference. There were 79,886,165 shares of common stock outstanding as of May 15, 2017 and there were no shares reserved for future issuance under the Plan"
it's not going to matter either way. Hope for an epiphany from sponge Bob and he gets Joe Saldani and the corporate profile girls again for one last pump to a new flock of sheep..and be ready to hit the ejector seat.
Sponge Bob lined pants does not build companies, he eviscerates them. Look at his track record here, and elsewhere
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120781665
With all due respect you guys are putting more thought in to this merger than sponge Bob crooked pants. It's just another lie, that moves the goalposts down the road, as he sucks sweet milk from teat of the faithful(shmucks)investors till the tap runneth dry.
Your best bet is to play any upside bounce for what it's worth and bail. That's what i'm hoping for, it's not going to matter which way the vote goes. Bob has tanked every company he's been involved in. A real piece of work, only to be surpassed by BM. The one good thing out of this it's cleansed me of any future stock market plays for this lifetime.
I'm certain very few saw criminal action with the lender coming,including our BOD. I told myself i would ride this to zero, and while that's seven cents away there is still a chance ole sponge Bob is sharpening his shears for a new herd of sheep. Hey Bob,anything with pot is a hot penny play these days..
I get a warm fuzzy knowing sponge Bob and Mike are fightin hard for us still..
Leesburg, Virginia - May 19, 2017 - On May 9, 2017, Zapata Industries SAS (“Zapata”) filed a complaint in the Supreme Court of the State of New York, New York County, against Robert Liscouski, the President and a member of the Board of Directors of Secure Point Technologies, Inc. (“Company”).
The New York complaint alleges a claim against Mr. Liscouski for tortious interference of contract and seeks damages in the amount of $450,000. The $450,000 relates to an alleged break-up fee and other alleged expenses Zapata contends it is owed by the Company under the non-binding Term Sheet entered into in connection with the Company’s contemplated acquisition of Zapata. Zapata has additionally filed a proof of claim against the Company in the Company’s Chapter 11 Case seeking the same $450,000. The Company disputes any payment obligations to Zapata in connection with the termination of the non-binding Term Sheet and intends to address the claim filed by Zapata in the Chapter 11 Case on any and all available bases. The Company and Mr. Liscouski also strongly dispute the allegations and claims asserted by Zapata in the New York complaint. As for Zapata’s contention that Mr. Liscouski engaged in conduct constituting a breach of his fiduciary duties to the Company and its shareholders, such allegations are baseless and lack evidentiary support.
Michael Turmelle, Chairman of the Board, stated: “This is nothing more than an attempt by Zapata to seek payment on an unjustifiable claim against Secure Point Technologies and its shareholders by pressuring our senior executive through a personal attack. Bob has been a loyal executive and board member and has at all times acted in the best interest of the Company and its shareholders. We are in full support of Bob and denounce Zapata’s unfounded and defamatory statements and will not let this action by Zapata or anyone who attempts to extort the company go unanswered.”
The pooch has been screwed, but think we have yet to hear the other shoe drop on this..
Oh Lord, i have learned quite the lesson. All my failures here for years have been in preparation for one final gift from you almighty one..
Noone is watching this anymore, when the results hit the wire play the retail bounce for a dub/triple off here. Never know, ole Sponge Bob could have a magic show lined up for new sheep to shear. Hey, an exciting new company debt free with millions and a former DHS oracle at the helm? Could happen..
Yes, paying attention for way too many years.
Somebody knows something...
IMO GB holds the key to the amount rewarded to shareholders. He holds seven figures of nearly worthless toilet paper here, and is arguably more motivated than any(other) shareholder. If his testimony is what we are hoping, that back dates the fraud to 2014 and that could equate to a sizeable chunk of the 50m from the good judge. Of course this will probably drag out till the fall,such is the way with this steaming turd.
Back up the truck, it's a .25 stock in an .09 wrapper!!
Winding down, place yer bets..
One would assume any non disclosure agreements he may have signed then are null and void at this point given the criminal charges. He's just another large shareholder who got an ass hammer like the rest of us. IMO he is the key for shareholders, and beyond the incentive to salvage the most possible for a personal return from this grease fire, he is a principled guy that got blindsided by desperate soon to be convicted felons.
Alas, we are the true stooges unfortunately.
Are you freaking kidding me? McScam is Curly all day!
Hey Moe!
Would think it's in the EC's contingency agreement, maybe the judge/mediator has a say. Like stated would be happy to get to that point.
True, but given our counsel has gone % it speaks volumes on what they have on them. We already have the # they are seeking, i would do the snoopy dance if it's close to that and delete this bookmark shortly thereafter.
Contact Ben Hadd at the offices of Engulf and Devour. Seriously though we are all waiting for our"compensation" brother. Me thinks they are working towards a # right now, but i have yet to be right about anything here except they had the best tech and would dominate global sales.
Thank you
Somebody knows something..
Don't count on that happening,that no talent's role is to ride his backround and limited to cratering other companies who actually had a working product..some were quite good as we know.
I could swear it was BS Bob, it was during a q&a portion of a CC and never remember Douche ne being verbally involved with anything other than the obligatory opening boiler plate BS. Regardless, they are all complicit in the scam IMO except GB.
He holds a B.S. in B.S.(Beltway Scumbag)
"Platinum is the only game in town"
Turmelle warned us all!!!
It's easy to cast him in to the lake of fire in late Jan 17, but two years ago i'm sure he was more pissed about getting turfed for doing the impossible. Fairly certain he signed an NDA so you can kiss the whistle blower deal goodby along with his compensation and a lawsuit.In the end he is just another guy who got screwed by his replacement and lender. His shares are worth the same as ours .
Hopefully he stated that verbatim when he was depo'd. He is the shareholder's ace card.
In my best Robert Blake "and dat's da name o dat tune" (For IGH)
I only look at the SP, it was never higher than right before he got sacked. They all take the money B. I'm sure he would have preferred to stay on board, pretty sure we all here would agree.
Wondering was kind, I M&F'd Lisc/McG on here repeatedly on every squandered opportunity to grab free media on the heels of numerous terror attacks. It was lights out for a reason. And that whole nonsense on why they couldn't get alt financing with 200M in worldwide govt contracts? Come on man.
Fair enough. I always found it curious on the several cable news terror incidents where he was commenting he never took the opp to pimp his main squeeze. Maybe he knew something would come back to bite him?. Pretty hard to fathom he didn't have at least a working knowledge of why GB was blown out,it was he in the one CC that's answered a SH question "PP is the only game in town" when asked about re financing.
tcm,here's some interesting reading-
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120781665
Keep in mind if true,this was all happening while he was "building the ISC brand" IMO he could change a nine dollar bill in threes. I also think he sells himself to these companies as an expert based on his law enforcement/ DHS street cred. Looks like he's getting ready for his next one,good thing for him is he get's a volume break on biz cards.
He's definitely not a babe in the woods, none of them are but with all the safe harbor BS before each CC think their asses are covered. IMO Liscouski is the one BOD guy who really facilitated the lenders actions,he is a charlatan and has a tanked other companies prior, shamefull washington insider. PP, on the other hand is different story, and where the highest return for us lays and where i'm focused. Payback is colored green for me not red.
GB was going to kill the PP golden goose, so they got the BOD to sack him and put egoman McGann in as the Patsy when they knew the wheels were coming off. They converted and collected for two years, all the while ego man McGann blew off shareholders and alt financing while he was daydreaming about his future lab at L3. He was a horribly ineffective CEO,and rode the coattails of Glenn's work, but i don't think he was complicit just figured it would all work out in the end(which it did for him) I remember on one private EM string i was on where he said " he didn't expect to make money" as CEO here,but he sure got what he wanted at our expense. He's probably already in his new digs and we are a distant memory,such is the way it goes. Good thing is more and more looking like PP in their panic really got desperate, and as stated sloppy. Funny how their atty's said earlier " shareholders are looking for fire where there's smoke".. damn right!
He left out sincerely above his signature?
Moving closer to a settlement everyday for obvious reasons IMO. What do you pay a hooker to do?
Go away.
Yeah, B&R ain't personal injury lawyers. So who else thinks these new guys here are Turmelle with a few I.P.s? LMAO
Really would love to have been that fly on the wall for GB's depo. I'm assuming he had no skin in CIC, just shares? If that's the case, and he's just another large shareholder,that would make his motivation painfully obvious. Wonder how much of BR's move to a % payday is based on his statements..he certainly is THE person who has the capacity to do damage.