Secure Point Technologies Inc (fka IMSCQ)

[mas]

Buldoc has been misleading investors here for years. See the PR* announcing the $6m India order which reiterated 'The company’s current pipeline of activity suggests that we are in position to achieve our FY2010 revenue projection of $19 million.' This company would never have made $19m in FY2010 even if 'The Company expects to ship the entire order within the current fiscal year ending June 30, 2010.' Where would the other $13m had come from ? The company also took a late delivery charge for delivering that India order years later than promised.

Also what about the bursting air cargo pipeline that was awaiting ACSTL ? The reason the company/CEO is not sued for such misleading nonsense is that it lives broke in penny stock land with no money to be gained from suing but these are not the utterances of a serious professional CEO.

The only number that had been ascribed to the recent TSA order has been 1170 by both the company in a PR and the initial FPDS contract although I could well believe it is 560 as the initial 1170 number has been removed now in amendments but still you must proceed from known facts rather than assume they are automatically wrong. The most important thing about the IDIQ is getting the full $162m value from it before the competition arrives rather than any grandstanding about unit prices.

* http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=7000376-12113-21646&SessionID=mvmBFSrD8APzUG7