Secure Point Technologies Inc (fka IMSCQ)

[poker face]

For sure they will brag about the bargain they got. It's also important to remember that this was just an asset sale. That does not include the value of the NOLS. Besides the FACT that their loans plus interest owed to our 3 lenders totaled approximately 84.1 million, first day bankruptcy filing includes the fact that they have incurred AT LEAST $116,000,000 in consolidated NOLS for US Federal Income Tax purposes. These NOLS stay with the remains shell, not L3. Had they gone to L3 the price would likely be higher.

They also did file the standard bankruptcy NOL motion for trading in US Securities under section 382 and Section 383 which of course involves 5 percent holders.