Secure Point Technologies Inc (fka IMSCQ)

[mas]

I don't think it would be wise to advertise he's looking for a divorce. And possibly an ugly one.

Indeed especially as it would spur an orgy of 8c option selling beforehand. However the issue is that he does not appear to understand/appreciate that the shareholders really need a divorce so the stock price can actually start appreciating and maintain its gains which is impossible if there is constant selling dilution that kill any rally. It appears to me from his utterances that he is content with the status quo whereby he continues to get paid well and the company is allowed to lose any amount of money because its main creditor DMRJ likes the fact that it still has so many very cheap in the money options.

He has a good window of opportunity now to actually work for his shareholders and find the finance to replace all of the exorbitant 15% interest debt including the 8c convertibles when it all comes due for payment on March 31st 2015. This is where he has a chance to prove what a great CEO that he thinks he is or will he just continue to take the lazy non-shareholder friendly option of sticking with DMRJ as he intimated at the last CC.

There is an option whereby DMRJ (and BAM) can be part of the solution rather than part of the problem here. They can agree in March to convert all their debt at once at a discount price say 60-80c. That way all the debt (and dilution) is gone, they become major shareholders and the stock can start seriously appreciating from a dollar+. Oh, you also then have positive book value to be able to join a listed exchange too. There are many good options available compared to the current unsatisfactory one if Buldoc seriously put his mind to it.