Secure Point Technologies Inc (fka IMSCQ)

[nynewbie]

While the Zapata lawsuit is shocking (not entirely) what is more shocking is that this was filed over a week ago and IMSC has been silent. It is mind boggling that IMSC did not immediately issue a press release outlining the future of Liscouski or lack thereof.

Also, Zapata admits to these discussions prior to the closing last year. At the same time the attached agreement shows that they agreed to have Liscouski stay on as Chairman if the deal went through. WTF, Zapata claims they were subject to a shakedown but were willing to keep this character in charge?

Finally, this type of lawsuit is often not filed in isolation. Zapata could see it as a means to an end including the involvement of regulators or something more serious.