Secure Point Technologies Inc (fka IMSCQ)

[Doctor Detroit]

In a technical sense, yes, but in a practical sense, no. What we are entitled to as a matter of law depends entirely on whether shareholders demand accountability.

This is a penny stock, and the company has been run as such. Just the "nature of the beast" if you will. Realistically, their "Board" isn't a board in the traditional sense, its more of a club through which membership invitations are issued by management, which leads to less accountability than you would have in an organization which actually held annual meetings allowing stockholders to vote.

I used to get upset by this, but as others have pointed out, no one is holding a gun to my head to prevent me from selling. And if a major shareholder was really upset about it, they could file a motion in Massachusetts to compel an annual meeting. No one has because, well, no one really cares.