Secure Point Technologies Inc (fka IMSCQ)

[int10a]

Glenn Bolduc was the finance guy. The question is why did they get rid of the finance guy just around the time they should have been able to get better financing after winning the TSA IDIQ. It was under protest immediately by Morpho but they should have been working on getting better financing contingent on the protest being unsuccessful (which it was). Perhaps Glenn was working on that, it is one theory but maybe not the correct one.

Liscouski just seemed to be a typical high level gov't bureaucrat. He is not a finance guy either. His knowledge seems to be in the areas of security and counterterrorism and he managed various projects when he was with the TSA.

It seems the company got rid of the one finance guy they had other than the CFO, right around the time they should have been able to arrange better financing. One can argue the CFO should have been doing that too, of course.