Replies to post #8437 on Secure Point Technologies Inc (fka IMSCQ)

[ktcougar]

I'm certain they would not have received this grant without validated proof of future revenues.

Not true. Have a company in my town that received a grant and didn't produce a single product.

http://www.theblaze.com/stories/2013/02/14/fed-audit-reveals-tax-payer-backed-battery-factory-hasnt-produced-or-sold-a-single-battery-since-awarded-fed-grant-in-2009/#

LG Chem Michigan Inc., a subsidiary of South Korea’s LG Group, is back in the news after it was revealed Wednesday that it has not produced or sold a single battery since being awarded a $150 million federal grant in 2009, according to a new report by the Energy Department’s.

kt