ImageWare Systems, Inc. (OTCMKTS:IWSY) Announces System Release, Awaits Better Days
Days in the red are multiplying for ImageWare Systems, Inc. (OTCMKTS:IWSY), a company that rose strongly in the past two months, but went on to drift sideways. The new week, however, may hold more optimism as just at the start of Monday’s trading IWSY unveiled its GoMobile InteractiveTM (GMI) system for biometric solutions. That move could generate enough publicity to cause a more active movement. Monday started with tentative buying after the sell-off phase. 
On Friday, IWSY lost just 0.9% to stand at $2.21. Dollar volumes were above $645,000. In the past month, selling days far exceeded buying. We still have not intercepted the promotional efforts for IWSY, although there were mentions of Microcap Millionaires taking up this ticker at the beginning of July. Also, IWSY is becoming more active with press releases. 
IWSY expects its cloud computing services and biometrics to be shown at a conference event in San Francisco in September. The emphasis on security gives this ticker a serious advantage, with potentially lucrative deals. But so far, the press releases are mostly hype around the company’s products, with only one deal secured to protect the identities of users of electronic wallets.
To thrive in this industry, IWSY has the following resources:
- $5.5 million cash
- $6.2 million total current assets
- $4.4 million total current liabilities
- $122 thousand revenues
- $3.4 million net loss
Still, the most financing comes in through the stocks, and IWSY has not achieved sustainability yet, unless it 
bridles its expenses or achieves larger contracts.
IWSY is relatively high-priced, and it is something of a rarity among the most actively traded penny stocks, which are attractive for their attractive prices of mere pennies. Currently, Soul and Vibe Interactive, Inc. (OTCBB:SOUL) is among the high-priced wonder, spiking suddenly to $1.48.
Virtual Piggy, Inc. (OTCBB:VPIG), the online financial service platform, is another choice at these levels. The company’s technology merited a run of the stock, although the past two months went with sideways movements. VPIG currently stands around $2.50.
With IWSY, volatility is an issue, and although good news could resume an upward trend, keep in mind that the stock’s achievements may be made disproportionate, leading up to a sharper correction. It is best to do your own due diligence and invest only if you are comfortable with erasing a big part of the value of your portfolio.
