Secure Point Technologies Inc (fka IMSCQ)

[TheShadow]

I am no longer confident that IMSC will be acquired or enter into a strategic partnership. At least not at this point in time.

Let's review the victory lap comment.
The majority on this board took that statement to mean there was a buyer for the Company or a strategic partnership in the works. In all probability McGann was thanking his team and all involved in the work over the prior nine months. If you look at his comments with an open mind, I think you would at the very least have to consider this possibility.
In the body of that statement McGann states this:

Our growth over this past year has been, and you have heard Roger give so many references to it, nominally four times in revenue over any year prior in the history of the Company, and we can only accomplish this through this enormous ramp in our production capacity and our quality of service. I mean, we were talking about this earlier as a team; our production ramp was a 1000% year-over-year. I mean, we’ve delivered something like 1,400 B220 systems in the nine months of this fiscal year versus something like 130 of the previous comparative nine months. 10X. And that has been an interesting ride would be a word I’d used to describe, but more importantly, it was the real test of the mettle of the team; anything but easy, anything but easy. But the team really weathered the turbulence and stands today stronger than ever; we are now proven and truly ready, I think, to take on the new growth challenges and opportunities in the year ahead.

He goes on to say:

These things that we all face every day as a team and we’ve tackled them and we’ve made these great accomplishments. So, what I really want to do is talk about that and recognizes our team for that, and the guys sitting around the table with me here today, I really want to thank every one of you.

It is for this that McGann made the now infamous "victory lap" quote:

I really do want to be brief today and open up for questions, but again, sort of as a last little victory lap and want to personally thank my team, namely Todd, Darryl, Roger, Bob, Brenda; everybody sitting here in this room and on the phone. My Board of Directors for their support.

NOW in the midst of this Mcgann made this statement:

About mid-week through our year, we announced our intention to explore strategic alternatives aimed at fixing our capital structure. And in part, we’ve been hearing that for a long time from our investors and people in the industry alike. So we’ve set about a mission to do that; we are still in that process, so we are not going to elaborate a lot on it today, but I will say we are committed to finding a path for this company to grow profitably and unencumbered in the future, because we have a great strategy, we have a great technology roadmap and I think we have a proven theme that can execute that mission.

It doesn't make sense that McGann"s victory lap quote is in reference to completing or about to complete a strategic alternative.
You don't do a victory lap for being "committed to finding a path".

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