Secure Point Technologies Inc (fka IMSCQ)

[tedpeele]

uncle, my position is that a full refinancing AT GOOD TERMS is less likely than a buyout for the simple reason that IMSC doesn't have a lot of control over $90m of debt. I understand your point, but IMO it is a certainty that big players out there want Implant's technology, and it is a certainty that they won't let $90m of debt hamper their attempts to get it. And it is a certainty that there is more than one that wants it -- therefore it is likely that we can get a pretty good buyout price given the basics: likely minimum $50m revs per year and positive or near positive EBITA going forward.