ImageWare Systems, Inc. (OTCMKTS:IWSY) Slides Down a Tenth
We expected that ImageWare Systems, Inc. (OTCMKTS:IWSY) could not stay indefinitely around $2.20, and now the stock did the most logical and easiest thing, fell down below $2. IWSY slid down to $1.86 after two days in the red, losing almost 10% on dollar volumes above $1 million. It seems investors grew tired of the long sideways drift. 
The company got a boost from a much expected press release, stating it would present at the 2013 Gateway Conference starting this Tuesday. So the market may be up for more news on where IWSY is going with its biometric systems. IWSY aims to spread its hardware and software solutions for biometric identification both to professional security users and to mobile device end users. 
And now, IWSY will present directly to members of the investing community- so the next few days may come up with more activity, resulting in moves in either direction.
To impress investors, IWSY reveals the following financials:
- cash: $1 million
- total assets: $6.3 million
- revenues: $1 million
- net loss: $5.6 million
Whether IWSY has a long way to drop remains to be seen. But even then, there is hope. Recent contender, heavily promoted Sigma Labs, Inc. (OTCMKTS:SGLB) fell significantly in a pessimistic trend, from 13 to 4 cents, but in the past two weeks managed to recover its losses a bit, doubling in price despite the choppy trading.
IWSY is not promoted for now, though it relied heavily on press releases to create its higher positions. As we sa
id before, IWSY awaits bigger moves, and the conference press releases may give some direction to the trading.
Another close contender, Liquidmetal Technologies, Inc. (OTCBB:LQMT) is making a minor trend in the past two weeks, though only to recover previously lost levels. LQMT also relies on contracts and the sentiment is heavily invested in the company’s promises of future development and the usage of amorphous alloys in electronic mobile devices.
Even at $1.86, IWSY is quite expensive for a penny stock, and the high price does not guarantee stability or future potential. So do your own due diligence and choose the preferred price level, being aware that the days in the red can easily multiply.
