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Replies to post #44943 on Secure Point Technologies Inc (fka IMSCQ)

Replies to #44943 on Secure Point Technologies Inc (fka IMSCQ)
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justinfish

12/30/16 11:22 PM

#44944 RE: Ramp Worm #44943

Ramp - We need to be careful here on the facts IMO.
Did IMSC actually own a condo in New York? If they did it should have surfaced in their financials as an asset.
However, it appears that the P.P. principals owned several.
Coincidental?
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justinfish

12/30/16 11:22 PM

#44945 RE: Ramp Worm #44943

Ramp - We need to be careful here on the facts IMO.
Did IMSC actually own a condo in New York? If they did it should have surfaced in their financials as an asset.
However, it appears that the P.P. principals owned several.
Coincidental?
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int10a

12/31/16 7:39 AM

#44949 RE: Ramp Worm #44943

Platinum and DMRJ were involved as far back as 2008. In fact the CEO prior to Bolduc signed the original loan agreememt and that is the one they at times were allowed to charge 2.5% a month. See https://www.sec.gov/Archives/edgar/data/1068874/000106887408000067/imxform8k081216_ex99-1.htm

They were converting shares and charging high interest rates (as much as 2.5% a month) during that time when the company was really struggling with low sales. At that time they were the only choice but they took advantage even then.

Once the TSA contract was obtained, it now is clear Bolduc was spending time in NYC to get better financing. Platinum had him removed as they were making lots of money off share conversions, the stock was above $1 at that time. They knew all that would come to an end.