Replies to post #46986 on Secure Point Technologies Inc (fka IMSCQ)

[pumper_stumper]

2/3 need to approve the plan.

The 5 stooges document does not add any information as far as the voting or choices involved, over what was in prior filings weeks ago. It's mainly another scorned lover document. They want to be able to express their opinion in a document with the voting mailings, which should be really fun to read! lol

The documents are very clear in reading.

Obviously, they cannot even possibly know what the new business is going to be when they have NO IDEA how much cash will be remaining, depending on the how much will be paid out to parties they owe, and how many shareholders will elect to cash out. Anyone looking to have that information at the time of the vote is going to be disappointed, because that information won't be available yet. Does anyone know any business that will say, "sure, we'll let you buy us out whether you have $7 million left, or $1 million left"?

There is prior information available that gives a good idea of who the largest shareholders are, and roughly what percentages are owned by the largest holders plus management. Yes, of course that is important to know.