Replies to post #24616 on Secure Point Technologies Inc (fka IMSCQ)

[Nowak488]

Look, no one here wants another 73M going into the float.

No one here wants to have to take out 50-70M in loans.

Will they be able to fix the situation? I believe they will, but they literally just started on the long road to being able to do that. It's going to take a lot of time to get rid of the debt. It's going to take some time, much longer than you're going to like, to find someone who is willing to refinance the debt.

Orders totaling 1500 units isn't going to be enough to get someone to come in here and give us 60 million dollars at a great rate.

They have to show sustainability. They are trying to do that. Do we really need to discuss the same points 30 times a day until they do that?

[zeynoc]

If you read the notes you will understand, it is never on balance sheet. These will affect the fully outstanding diluted share count, DMRJ has converted the interest of these over the years not the principal. None of these are this management's gift to this company and as they clearly said they are considering several options for a recap. It is not easy to do a recap as some claim in here with this much debt and stringent conditions of DMRJ both as a lender and a hidden majority shareholder through converts. They need Sales, they need more sales and a projection set which the new entrant either equity or debt will buy. Therefore, this quarter and next will be milestones for them and will open up the options as they show abnormal sales growth and even break even profitability.