Replies to post #38962 on Secure Point Technologies Inc (fka IMSCQ)

[kijfish]

Wow, this is getting funny!! So many losing their conviction. All the professor's here all of a sudden. "Stay tuned"....this is getting good.

I predict that there will be some news....sometime. It will be good or it will be bad. How is that for professing.

Wise investors assess their risk tolerance and invest accordingly. They don't make decisions based on pure speculation on message boards.

[pmaher]

Here's my math:

<from the clarified announcement a while back>
Series J
Principal $5,283,754.56
Conversion $0.08
Shares 66,046,932

Series H
Principal $18,970,000.00
Conversion $1.09
Shares 17,403,669

Series I
Principal $17,523,455.05
Conversion $1.18
Shares 14,850,385


From the last 10Q:

Assets $15,643,000


BAM Sr Secured Note $20,000,000.00
DMRJ Sr Secured Note $1,000,000.00
DMRJ LOC $17,662,000.00
Accrued Expenses $13,179,000.00

The Series J definitely gets converted to shares, wiping out $5MM in debt. H and I only get converted if the price is above the strike, otherwise, they'll just take the debt.

If a buyer pays $100MM, we'll end up with around 19 cents per share.

$150 MM: 53 cents
$200 MM: 88 cents
$250 MM: $1.21
$300 MM: $1.49

Not making any predictions, just doing math.
-Pat

[zeynoc]

Ted- I can't pm but I sincerely believe that it does not matter at this point whether BAM is connected to DM or not. The company's valuation and business is very different from the days of that financing arrangement and whether they thought those days is not relevant anymore. Also, given all the scrutiny, it will be impossible for them to screw shareholders for their benefit. The most important thing for us is whether we have a buyer or not for the business. I believe we do and I focus on the intrinsic valuation of this business. GLTA.