Secure Point Technologies Inc (fka IMSCQ)

[pumper_stumper]

If 2/3 of the shares vote yes to the plan, there is no cash out to ANY shareholders!

You can bet the CEO is running around to those handful of large shareholders, making deals with them and pitching to them for that yes vote!!!!

The filing shows that cashout for shareholders would be 7-8 cents BASED ON CURRENT ESTIMATES of cash remaining, post bankruptcy, if the vote goes that way.

What's a long term holder to do? Hold and hope the estimates are right, and hope the vote allows cashout, and then maybe get 7 cents, many months from now, for their shares when they could get 8 cents as of this minute, and accept that their investment has lost 85% in a year? Hmmm!