Secure Point Technologies Inc (fka IMSCQ)

[mas]

It's true that this company pps is below what you would expect from a rational analysis of its IP and potential and actual backlogs but technically the pps is below all its major moving averages which are all still descending which is bearish and scares off technical traders. No serious retail money is going to come back into this stock until this management make all the toxic debt go away, until then it's just retail gamblers thinking they can counter DMRJ's constant selling which has not worked out so far. The point about last earnings was that it showed the revenue is still not high enough to overcome the interest payments to enable overall profitability meaning there is no prospect in conventionally paying off the debt through profit which many longs had been hanging on for.