Secure Point Technologies Inc (fka IMSCQ)

[IDAGIRL]

We were told that the BOD had given IMSC management a mandate to "fix the cap structure" of the company. McGann said they would get it done. Following that cc, where McGann had drastically changed his tone, I expected to hear about refinancing and a plan to earn their way out of debt. Instead, we are told absolutely nothing about their efforts to fix the cap structure or why they failed, and oh yes, we now have a commodity product and no pricing control. We can't earn our way out of debt and we are forced to sell. Something is rotten in this company and it isn't with the technicians or the engineers or the sales team. I wish that IMSC was under Federal investigation. Turn the lights on and watch the roaches scamper.