Replies to post #36937 on Secure Point Technologies Inc (fka IMSCQ)

[dave7933]

Great points Buzz, thanks.

[ki2002rom]

Buzz.... wait, it can't be! You mean I don't have until June 30 to cover my shares short in IMSC?

[tedpeele]

They could have put all of that in the buyout PR though, so I'm not really 'getting' the strategy angle. Yes, the 'why ISC' needs to be explained - a good case made - but normally that's just done in the PR that announces the buyout. Why should it be different this time? I hope you are right, of course -- just not seeing it though.

[Percy14]

BINGO BUZZ ... In addition to the buyer's retail shareholders, this type of PR contains fodder for institutional investors, fund managers and analysts who are going to hear the transaction rationale from the acquirer's management, but will feel compelled to do their own corroborating due diligence.

Likewise, although they won't find a photo of General McGann crossing a frozen river, they will find recent references to McGann and Liscouski commenting upon the Egypt Air tragedy, a discussion regarding the expanded use of Implant's products at the Brussels Airport (probably to screen insiders who have access to planes and their contents), and their overview of the importance of ETD in connection with the two "Holy Grails" of threat detection technology - an integrated security tunnel & a ubiquitous handheld screening device.

I had been assuming the slow pace of this process was initially due to competitive bids, and, more recently, to the satisfaction of certain "conditions precedent" (contract awards, government budget announcements, TSA feedback, DMRJ imprimatur), but this PR makes me think that they're likely past those speed bumps and they're likely ready to execute the definitive agreement.

Therefore, I must conclude an ANNOUNCEMENT OF A $550M+ DEAL COULD OCCUR ANY DAY!