Image Ware Systems, Inc. (OTCMKTS:IWSY) Bought Up as Results Turn Out Likable
Earnings season is proving beneficial for penny stocks, and Image Ware Systems, Inc. (OTCMKTS:IWSY) is one of the beneficiaries of improved investor interest. The stock reached more than $3.2 million buying volumes, standing at $2.48 after gaining around 4.6%. The last three days came with robust buying volumes. August has been relatively quieter for IWSY, but the ticker has gone a long way since the $1 levels in May. 
And all of this happened without a promotion. IWSY has the major benefit of a security-related business, and some of its biometric technology sales are rising. The results are as follows:
- $55,000 software royalties revenue, up 26% from same quarter of 2012
- $12,000 hardware sales
Previously, the company held quite a bit of debt, and until it updates the balance sheet, here are the results from May:
- $5.5 million cash
- $6.2 million total current assets
- $4.4 million total current liabilities
IWSY issued more than 200,000 new shares for cash, opened a $2.5 million credit line and in general showed no ongoing concern, although there are still not enough contracts to balance off the debt burden and the long period of gradual development.
The next few days will show how IWSY is capable of keeping the interest, but the extremely high volumes do not keep for long for this ticker. A promotion at $2.48 could happen only if pumpers decide to improve their volume with a relatively stable ticker.
Another relatively stable technological ticker is Virtual Piggy, Inc. (OTCMKTS:VPIG), which so far is making a gradual slide, standing at around $2.15.
At a much lower price is the recently active TouchIT Technologies, Int. (OTCMKTS:TUCN). The penny stock stands at $0.007, and at those double-zero levels, everything is possible. But any business promises may be irrelevant, given that the stock is extremely underpriced, and can move erratically.
While each ticker holds risk for corrections, a really low price could mean doubling or tripling, potentially followed by a deep cut. In the case of IWSY, any falls may be more gradual, but the high prices are not guaranteed. The company has to struggle constantly to keep up the interest of investors. IWSY is at three-year heights on unprecedented volumes, and we expect activity to keep up, but still it is best not to invest unaffordable sums.
