Replies to post #32765 on Secure Point Technologies Inc (fka IMSCQ)

[tedpeele]

They didn't deliver everything EXPECTED though. It seems to me that what you are missing is that to some degree investors really did think that refinancing on terms that would stop or limit the dilution by DMRJ was a viable option. Some investors expected the TSA award to be profitable to a much greater degree. Most here were saying 35k+ per unit. Now that we finally have actual TSA revenues it looks like profitability that leads to a much better refinancing deal is not nearly as likely. That may be why the price is down so much: One of the biggest hopes seems less and less likely to be realized. Investors are afraid it will be more of the same.

Those like yourself that seemed always to be looking for only the buyout possibility - which still exists - may not appreciate that SOME of the demand came from better refinancing hopes.

After the freight forwarding revenue failure the company HAD to get the TSA award, so they did what they felt they had to do but the recent reporting just added to the realization that not only did time delays hurt us with accumulating debt and interest, but that the TSA pricing appears to have hurt us by reducing our profitability which in turn reduced the options for attracting external investment.

In the end it may still not matter a whole lot due to our tech advantages, but IMO this explains the continued price weakness. In a nutshell, unit pricing appears to have limited us to continued dependence on DMRJ for the unforeseeable future.

[mas]

The relentless waves of constant dilution have worn down the existing longs and prospective new investors are not too impressed that there is still no overall profitability despite record revenue. Management have been financially inept ever since Buldoc to McGann. The only company I have seen more inept WRT shareholder price and excessive dilution is GBSN. DMRJ probably are still pulling the strings behind the scenes with their latent majority shareholding.

Maybe this stock becomes a buy at 7c and under, dunno, but the pps sure sadly has turned out like my worst case scenarios which many thought was mindless bashing at the time but was just extrapolation of continual heavy losses/dilution for the foreseeable future that would overcome any pumping or good news. Remember in the long run the market is a weighing machine and they have found the management here extremely lightweight.