Secure Point Technologies Inc (fka IMSCQ)

[int10a]

I would agree that this is more complicated than normal due to the criminal issues with Platinum. Unfortunately the bankruptcy is still on a very fast track with the sale around mid December. It is hard to imagine how all the problems surrounding Platinum can be resolved in such a short time and whether the judge would consider anything when Platinum is under investigation without them as of yet been found guilty(even though they will be but who knows how long that will take). All the bankruptcy judge may care is that from the sale there is enough money to pay off the creditors. It may be that any attempt to reduce Platinum's debt may have to be done separate from the bankruptcy case. I do not think it is at all fair that Platimum gets their debt paid in full given that for one thing they made a lot of money converting 8 cent shares not to mention how they were really insiders in the company but not held to any rules regarding insiders. I sure hope in the end the debt to Platinum is substantially reduced but I worry about the fast pace of the Chapter 11 proceeding.

I hope in the end you are right and the debt to them gets substantially reduced or wiped out. It just seems it would be hard to litigate this in the fast track Chapter 11 proceeding since even though they are under investigation they haven't yet been found guilty.