Secure Point Technologies Inc (fka IMSCQ)

[nynewbie]

I've seen lots of crap OTC deals over the years and this VIVOS proposal fits the pattern so perhaps someone can correct me if I'm wrong.

1. It appears under the merger Vivos receives 64% and IMSC shareholders 36% putting the valuation of Vivos based on the approx. $7M left at around $20M. And based on this can I conclude that Vivos will have full control of the company/board with 64% equity?

2. BL submitted a "due dilgence" document to the bankruptcy court on behalf of the shareholders that is nothing more than a cut/paste business plan prepared by Vivos. A typical due diligence would include .. well due diligence.
http://www.kccllc.net/imxacquisition/document/1612238170613000000000001

3. Is putting a $20M valuation on a company with $0 revenue reasonable?

4. They claim the product is new, yet has been has been around for years with over 700 trained resellers ( who pay for training) and 7000 clients and yet revenues for 2016 were $0. How does this work?

5. They claim numerous patents as part of their intellectual property but none of the patents have been assigned to the company.

etc,