Replies to post #28032 on Secure Point Technologies Inc (fka IMSCQ)

[kidneybeans]

Can someone confirm that dmrj can match refinance offers

[zeynoc]

You can not simply pay back a convertible at its face value, convertible by definition comes with a call option I.e. Buying shares at a stated price. You can not delete that by paying back that loan. You can say I will pay it back and then you will see that the lender converts them into shares because they are all significantly in the money. Therefore, their target should be to stop bleeding i.e. be in a position to pay the interest on their debt and keep the share count constant from that point on. Again, even on a fully diluted basis, they cheap if they will make 45-50mn this year and can grow that amount in the next fiscal years. If people have seen that 50mn going up 75 next year, 100 the year after, we would have attracted much more interest. We are not there yet.

[shiloh12]

Not to be a Debbie Downer but bleak is looking like a very correct term here. Their outlook of 40M is not exactly rip the cover off the ball kind of #s when they spend half that a year. I think we get a volatile SP but it's never really going to move many have had it with all the delays, BS and silence and confidence is lost when you have an uncommunicative CEO. This has become a very sketchy hold for me right now. Just don't like the lack of transparency and painfully obvious DM is holding the balls of every shareholder firmly in it's grasp. How hard they sqeeze has yet to be seen, They care MUCH less about us than the BOD does. JMO and truly good luck to us all.

[tedpeele]

enchilada? I'm hungry now.. ok, I understand they have leverage due to the amounts owed, and I understand they want the gravy train to continue for as long as it can (unless a buyout offer is really good).

But, surely they should want the price to be as high as it can be at all times, because upon refinancing or a buyout shareholders (including DMRJ) always do better when those talks occur at a higher stock price, or at least that is my impression, because a higher stock price is a stronger company that has more leverage in such negotiations.