Secure Point Technologies Inc (fka IMSCQ)

[Buzzlityr]

While I haven't seen the inter-creditor agreement, I am sure DMRJ will make sure BAM is paid. Not a big deal unless its NOT done. Then, I assume, the IP reverts/will revert back to secure DMRJ's debt.

Of course all can change with a $50M strategic invest into IMSC.

No doubt, keeping order in the company is important as TSA has likely been fed all the competitve f.u.d. they can handle. With that in mind, it behooves McGann to get this done quickly because as he spec'd, IMSC can begin to deliver product according to the TSA's schedule. If I was TSA, I might wait to hit the order button until I knew that IMSC is remaining whole.

As shareholders were shaken by the coup on COB Bolduc, so were OTHER entities involved. As least Bolduc got done the financing in advance of a pps breakdown/ lack of confidence rush by all involved. But McGann was pretty casual...I don't sense it was a poker face either.