Secure Point Technologies Inc (fka IMSCQ)

[mas]

why are they setting aside some 73M shares to pay out Plat.?

You are not including the accrued convertible interest from those loans which is detailed in the 10-K. Also it about $30m at a blended 1.135 now.

http://ih.advfn.com/p.php?pid=nmona&article=63851133

As of June 30, 2014, the outstanding balance due under the senior secured convertible promissory notes issued to DMRJ and accrued and unpaid interest was $34,552,000, of which a $3,184,000 senior secured promissory and $2,175,288 of accrued and unpaid interest are convertible into shares of our common stock at $0.08 per share; a $12,000,000 senior convertible promissory note and $3,320,000 of accrued and unpaid interest is convertible into shares of Series H Convertible Preferred Stock, which preferred stock is convertible into shares of our common stock at $1.09 per share; and a $12,000,000 senior secured promissory note and $1,873,000 of accrued and unpaid interest is convertible into shares of Series I Convertible Preferred Stock, which preferred stock is convertible into shares of our common stock at $1.18 per share.