Replies to post #41686 on Secure Point Technologies Inc (fka IMSCQ)

[iGrassHopper]

Club- you left out one major detail

The COO of Zapata SAS is also a SVP of Platinum Partners.


implant Sciences Corp owes approx. $86m to Platinum Partners, all due on 10/31. $12m of the debt is secured by preferred shares which are convertible into common shares at .08 and .19, with warrants to buy another 50m shares at .19 if the Zapata reverse merger deal goes through.

Implant Sciences execs are on record as stating that Zapata will own 60% of the merged company and Platinum Partners will own around 30%.