Secure Point Technologies Inc (fka IMSCQ)

[nynewbie]

I stopped posting some time ago after I got out. My concern from the get go was a management group with a spending addiction with a "debt dealer" willing to fuel the addiction. You could see this 5 years ago if you looked.

So, I'm a bit out of touch but even though the sale has gone through and even if the courts are generous to the common shareholders why does anyone care here? Nobody will be getting a check.

I saw the company has changed their name to Secure Point Technologies. The only conclusion we can make from this is that whatever $$ comes back to the company from the sale will go to a management group to do a dubious acquisition or whatever.

My math might be wrong but to value the new shell I'd take the proceeds less the debtor disbursements and divide by shares outstanding for a benchmark price. Then, with no revenue but substantial Liscouski et al monthly costs I'd simply depreciate the cash by about 5-10%/month until it hits ZERO so .06 might be the best you'll ever get. JMO