Replies to post #18712 on Secure Point Technologies Inc (fka IMSCQ)

[zeynoc]

They are the party who came in last spring for the 20mn refi.

[b9molecule]

ted, check these
http://www.sec.gov/Archives/edgar/data/1068874/000106887414000010/imsc140326_8k.htm
http://www.sec.gov/Archives/edgar/data/1068874/000106887414000012/0001068874-14-000012-index.htm
http://www.sec.gov/Archives/edgar/data/1068874/000106887414000010/imsc140326_ex10z1.htm

and the PR
http://www.sec.gov/Archives/edgar/data/1068874/000106887414000010/imsc140326_ex99z1.htm

[Buzzlityr]

Ted- their 20M$ loan is secured by rights to all IMSC IP. ( in a way, you could say they own the company). They are due interest on that loan ( forget the date) and if not paid, they could foreclose, much the same way dmrj had secured its loans. But nobody would want to upset the apple cart now that is has an IDIQ for 162M$ for the tsa.

Why is the price frozen in this range, especially in light of said 162M IDIQ? Anybody else with a thought on this?

Best of Better Luck to ALL IMSC LONGS!