Secure Point Technologies Inc (fka IMSCQ)

[finrafriend]

I was sent a list of security stocks to evaluate but am on the sharp picket fence for this one. Between huge accumulated and ongoing losses, a scary debt structure, absurd executive compensation, lack of insider ownership and a history of undelivered promises that seems to stretch back 20 years can someone point to the one thing that makes this stock a buy? I understand the approvals and idiq contract but the expectations from these seem to be built into the inflated stock price.