Secure Point Technologies Inc (fka IMSCQ)

[mas]

Here's the deal with ASTC share appreciation from under a dollar. It was a combination of the return of profitable quarters combined with both the CEO *and* Institutional investors buying reducing the retail float so that it could bounce back under the right stimulus. The CEO buying in itself around 90c did not move the stock, it dropped back initially, but it importantly removed the biggest selling institution, SMH, who had quashed previous rallies. It may also have been a buy trigger for other Institutions to move in. The stock printed $4 both before and after the Space business sale because at around $3-4 the Space business was being properly valued as was proved by the $60m sale value eventually.

The lesson for IMSC here is not necessarily insider buys but reducing the retail float so the stock can go up and *keep* its gains when good news hits. The company is doing the opposite of that by persisting with DMRJ and its 8c options.

p.s. I am no longer a shareholder of ASTC at the moment as I was primarily in it for the space business which had great margins when the facilities were being utilized at anything over 50% capacity. I may return if I see a profitable business model return with the 1stDetect business but that will probably need a clear NGCD MSID contract win in 2017 from the Army to happen which is not assured at the moment as Chemring is still in the mix there.