Replies to post #1022 on Secure Point Technologies Inc (fka IMSCQ)

[Katfish]

A RS would not make any sense at this point. An up listing to the OTC BB would not require a minimum bid price. They should relist to the OTC BB as a first step since they are already fully reporting. However, they are often late filing, and I have known companies to be delisted to the Pinks who are always late filing. As a first step, they need to correct this problem before they can even think about a major exchange again.

Btw, they were on the AMEX as IMX about three years ago.

[Liquid_Bull]

Why would you even think about a reverse split with this company? Please explain what entered your mind to make you feel that way.

[vintagesake]

And I'm betting that there won't be. Dilution yes, to what degree who knows? But reverse split, umm no, imo. You can have your opinion and I have mine. Again, anyone with a keen eye, should be able to discern what is going on here. Really it's all about the sales, 15 mil debt is nothing. TSA approval opens the doors to huge domestic sales oppurtunities. They added another job opening for Govt. sales manager I believe this past week, and hired a consultant with what appears with huge connections and savvy. My advice for "threebabies" is to move on, this stock will eat you alive, and cause you to have many sleepless nights, not intending any malice,but for your R/S concerns that u have. As for me, this is a $7-10 stock, and only a few here, will see it. glta

V

[TornadoT]

Reverse splits are executed to maintain listing on the exchanges, i.e. Naz, Dow and not to raise money. Offerings, which create additional shares (dilution) are executed to make the company working captial.