Secure Point Technologies Inc (fka IMSCQ)

[int10a]

Somewhere in the 10-Q it said work had begun on the new TSA contract. That seems to imply manufacturing has begun but no deliveries. Seems unfair that L3 will get the revenues when those units are delivered. They are assuming some liabilities which might be the bills associated with manufacturing these units but without knowing for sure, hard to tell if we are paying for these units and not getting the revenues for them or not. Considering everything else, most likely this works against us and in L3's favor. Just one more thing that is unfair about the L3 deal, where work is done against the contract prior to the sale and revenues not recorded until after the sale. Unless units have been shipped and paid for between October 1 and now. All this is a guess but given past history not optimistic that it works out fairly for us.