Secure Point Technologies Inc (fka IMSCQ)

[mas]

The amount DMRJ sells each quarter seems to roughly match what they hand over in credit to IMSC every quarter as I suppose they don't want to supply new money when shareholder money can do the job. So once IMSC need less credit DMRJ may perhaps ease off and be more prudent in their selling habits say just satisfying big bids. It makes you think though if perpetual share dilution was the eventual outcome why didn't the company just cut out the middle man in the first place and do the share selling direct themselves on the open market ?

The way this company has been financially mismanaged by Bolduc has always been unbelievable to me. There are literally thousands of loss-making public companies who sell shares to survive, usually around their market price, yet I have never seen any terms as bad as this company has so there is just no excuse for it especially now when the company has real sales and prospects. It is laziness and incompetence of the highest order to persist with this toxic financing and should have been McGann/Licouski's first order of business when taking over rather than not being on their list at all !