Replies to post #44653 on Secure Point Technologies Inc (fka IMSCQ)

[int10a]

No one in management has to have colluded with PP for there to be problems with PP's loans to IMSC. They were allowed to freely convert debt to shares, and then trade those shares at anytime, without being considered as insiders even though they had to have information regular shareholders did not. There's also the questions surrounding Glenn Bolduc's departure and if Platinum had a role in that, they certainly would have to be considered insiders. That could have been coercion, were they threatening not to extend the debt if Bolduc was not let go?

[mr-truthbetold]

I actually think it will be proven. And, I suspect there will be multiple smoking guns. But, time will tell.

As others have mentioned, this is not a normal bankruptcy. The equity committee is doing an investigation, deposing Implant and PP personnel. Given all we know and all we don't know, I have to think the truth will slip out from under the veil of secrecy and attempted legal loopholes.

Look again at the Zapata mess. In my view, that was an orchestrated diversion. The attempt seemed to be on placating investors while they pulled off the bankruptcy. I'm certain IMSC management and PP did not want an equity committee formed. They were hoping to pull the wool over our eyes again and distract us long enough to sell to L-3, collect their proceeds and CIC... and never be heard from again.

This, by itself, seems like collusion between PP and management. We know there is a link between PP and Zapata. Why would McGann and Liscouski go along with this unless they were in bed with PP.

I do agree, there is a large amount of speculation. But, if it quacks like a duck and walks like a duck...