Secure Point Technologies Inc (fka IMSCQ)

[int10a]

The whole Zapata deal is just one more poorly executed thing in the company's history. Now it seems there may be a dispute if IMSC owes Zapata the break up fee from the wording in the 8-K. There was some relationship with PP and Zapata and it seemed likely it was PP who got IMSC involved with Zapata. Now the deal is off just as it seemed the equity committee requested all documentation concerning the Zapata deal. That is not in the list of documents to be provided and interestingly the Zapata deal was called off on Nov 21 after the committee filed their motion but before the court hearing. It is just one more suspicious item in a long list of them, and PP being involved makes it even more so. I was interested in Zapata but PP's involvement made me wary of it.