Replies to post #36392 on Secure Point Technologies Inc (fka IMSCQ)

[jb128]

I didn't sense that there was any type of pressure on ISC mgt from that last CC, did you? He sounded very relaxed and almost sort of relieved. It almost seemed as if whatever is going down is about finished as he was congratulating and thanking everyone. That's just my perception.

[fantomphan]

You are missing what I'm saying and, with all due respect, I do not hold these DM rapists in the same high esteem that some do. When they raised the interest rate a percent during this low rate environment last year, after it was pretty obvious that IMSC was well on their way to having increased cash flows etc, it was a great big "FU" and "Don't screw with us, we control you". Think of this. They are in on the negotiations because we need their approval. This gives them complete knowledge of where the buyout price is shaking out. L3 doesn't need to buy us by 6/30. We need them. The ultimate price, again which is know by DM, will be the same after 6/30, and I can argue that it's in their interest to drag it out if they can rape us all a bit more in demanding more for an extension. Please tell me how that thinking is flawed. And they have no risk in dragging it out because we have cash flow now, eliminating their biggest risks in being in bed with us. I'm not saying they will kill te deal. It just might make sense for them to drag it out and bleed us more. Look forward to your answer. We gave away control when they got over 50%.