Secure Point Technologies Inc (fka IMSCQ)

[int10a]

http://www.kccllc.net/imxacquisition/document/1612238161012000000000011 says they would have to file 30 days' notice with the court since they are a substantial shareholder if they were to take any action that would increase or decrease of shares beneficially owned by them. Converting debt to equity might not change that but selling those shares would. It doesn't seem to make sense for them to convert and not sell. Why would they hold onto shares at this point that they converted? Since Chapter 11 the share price has been under 0.19 so only would make sense for them to convert the 0.08 shares.