Secure Point Technologies Inc (fka IMSCQ)

[mas]

What was the shareprice when they got the .08 shares?

The original DMRJ loan was on Dec 16th 2008 and the initial conversion rate was 26c when the stock price was 27c which was a very fair conversion price. However on April 11th 2011 these 26c options were repriced to 8c even though the stock price had risen to 58c then. That is the moment DMRJ turned from a good creditor into a loan shark and basically acquired 40m+ more options from that original loan. Management's acquiescence in 2011 until this date on that 8c option matter will always be the reason that this will be a poor stock to invest in even if the company business gets much better as DMRJ will just keep unloading these endless 8c options on any good news.

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