Replies to post #43885 on Secure Point Technologies Inc (fka IMSCQ)

[mr-truthbetold]

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[buffalop51]

I don't know how a judge can settle a Bankruptcy case where the creditor that is 'owed' $80 million is under federal investigation for fraud and bribery and is in bankruptcy itself. PP investors and should get zero because they invested in a fraud.

[int10a]

I think the committee is well versed in the issues judging from their court filings. They just filed a motion to delay the deadline so they can have more time for discovery and depositions from the company and Platinum and are asking to extend the deadline to late February instead of late December. They just hired a financial advisor to help sort through all of this. All this is a good sign and hopefully the proceedings can be slowed down to get the maximum return here.