Replies to post #4868 on Secure Point Technologies Inc (fka IMSCQ)

[buffalop51]

Financing a smokescreen? Look back at the sp history as we bump clsoer to debt due dates. TR-1 is holding off on buying until 'the smoke' clears. Not sure what your thinking is there.

The second part of your post RE: imsc not dislosing orders before they are shipped.

1. Buying one or two units can be done over the phone with a company credit card and shipped the next day. They are handheld/desktop detectors (28k/40k) a pop not steam turbines.
2. Not disclosing a big contract until its shipped would be astonishingly foolish.
3. Companies PR contracts all the time. They could be open ended or as in thhe case of service/maintenance contracts, occur over a long period of time.
4. India order was shipped 3 years after they pr'd the contract.

[insideoutsideupside]

I disagree that financing is a smokescreen. New financing terms will give indirect guidance, indicating the future viability of the company both short term and long. If DMRJ increase rates to 20% with a 6 month balloon and free warrants included, this signals something quite different than a 5 year term at 8% with no warrants attached. Likewise, if Implant has other financing options, that they tap on decent terms, it could indicate they have competitive options to DMRJ. Equity swaps or a cash raise via equity markets will impact as well.

A weak balance sheet with an unknown financial pathway is certain to be a SP drag.