ImageWare Systems, Inc. (IWSY)

[awalkinthesun]

To start with grievances ......I have held this PS stock since sept 2010, and have reduced my position over the years. I find Ceo Miller to be ore fluff than substance and board to generally to add no value (aside from Goldman's capital injections). How Miller has survived, let alone received his bloated salary when not reduced and tied more to stock is beyond me....

That said the POSITIVE, if the Federated Project launches we can expect a slow enrollment period (it is natural and look at USAA as an example) BUT the behind the envelope math suggests that IWS's 50% split w/ Fujitsu for revenue could be a massive windfall for IWS.

It only takes $13m a year for IWS to breakeven and 5.5M monthly users to get to breakeven (see below).
i am holding for this pig to potentially fly....



Monthly sass fee ea user Users Monthly Revenue Split Monthly Revenue Months Annual revenue
$0.40 5,500,000 $2,200,000.00 50% $1,100,000 12 $13,200,000