Secure Point Technologies Inc (fka IMSCQ)

[pumper_stumper]

Ida,
I am sure refinancing was explored. The trouble is, even the bottom of the barrel financing companies aren't going to finance this money bleeding company. Remember, this was the year that all these "great sales" were going to produce profits and cash flow. Of course, in true pink sheet fashion, that did not happen. So, they were left with two alternatives, file bankruptcy, or sell off assets and find some other company that wishes to be a stinky pinky to keep the scam running. The latter was chosen likely in part due to the bonuses the CEO will get for letting them in.

You are right about the price issue. This conf call I expect will be short on specifics, and long on hype, just like the last one.

In any case I am ready for some more IMSC pink entertainment and can't wait to hear the pink song and dance!