Replies to post #45326 on Secure Point Technologies Inc (fka IMSCQ)

[TheShadow]

It is an asset sale THROUGH CH. 11 REORGANIZATION!!!

https://www.sec.gov/investor/pubs/bankrupt.htm

In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.

I prefer to trust the word of the SEC over......