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Subs,
IWSY can show this pump and his other shorts at SA they are wrong by "BOOKING REVENUE!!!!" through and existing contract or through a new one... How about signing a contract with a large company that they can state an actual revenue figure...
Buysbacks, responding to these shorts via Liolios Group (PR)
I am honestly questioning why I stayed in. This company appears more and more of a joke every week. What the basher aslo forgot to mention is the two boutique banks that IWSY had pilots lined up to do in 4th qtr, where'd those go.... I remember the South American border contract when I frst invested in this company and called about it, the old IR firm was not too aware of it and that project just faded away....
My fear is the retailer is the same story being played out, got a lot of folks out at $3 and then suckers came in to take their place...
Either way this is a legit short attack bc IWSY has failed its SHs and mgmt cannot take the company to the next level...
Gtoken,
Agree, the SA article is accurate with MGMT's past failed contracts and revenue generating partnerships, dead on but the article is incorrect as to the technology timeline and does not mention the two big partnership companies.
Subs-
IWSY has no money to buy back stock, they barely have enough to keep the lights on until late spring , early summer. I didn't think the stock would dip this low but here we are and really only group to blame is IWSY mgmt.
Could have sold at $3 for a 200% profit, got greedy, now the question is what to do.... Wait and hope for some miracle, or change from past performance with a PR stating retailer project is taking on revenue, hope that DB and the german healthcare project start... I don't know. Frustrated... as they seem so close but so far away from actually getting anything done.. Bell is tolling for them, next 60 days will be telling...
short back in control, seems logical since Miller and corp had nothing sig to report on recent qtr cc. going to be a long wait for news...
Agree, the 3 CCs have been not inspiring, but I have to think that if they did land Walmart and it took close to a year for them to sign then it shows how long these pilots and discussions can be with major companies.
If they announce in Jan that the retailer has started (they are collecting revenues), and that they started collecting revenues from one of the T Systems projects I will stick around. I have a $1 PPS and hurts it went to $3 only to fall so quickly...
6) IWSY does not have the infrastructure to service transunion or service the German gov't or service major corporations. They have to sell and that is the only way for GOldman to liquidate.
What makes you think that? SAS models typically require far less on hands support and most will be handled by Fujitsu on the cloud front. I don't think this is an issue. There tech does not require a lot of lifting, in fact to set up it's quite labor low / not intensive IMO.
Yes, pretty much, "wait till next qtr and we will show you something", record getting old
Miller could always work for a small base and request a higher stock option that is tied to performance (stock, revenues, etc.) but he has been running this company into the ground since the 1990's so... why change now...
What company do you think it is?
Don't expect a buyout offer until they prove they can actually bring in real revenue, until then why would someone pay for a company whose IP is all it has, which they havent defended against a large corp, just small players (which is a decent start)
Subs, understood but at what point will WS get tired of this bs un-delivering over promising CEO and company? They do have great tech, wouldnt have made the partners they have but there is some disconnect and their stock value is way inflated and only getting worse with each capital infusion.
So my question to you is how long are you going to wait for real revs ($1M plus a qtr) to book, or just show up, please explain what you are expecting and when that you think they will be stable?
Hein
I suggest you look at the type of company Global Payouts is, it is another joke. They booked a $8K, yes $8,000 dollar in the qtr ended 30 June 2014.
http://finance.yahoo.com/q/is?s=gohe
Don't expect them to deliver massive revs to IWS, and if Miller thinks so he is either a fool or lying to fools.
"During the quarter Global Payout acquired Maxie Mobile. Given the acquisition and the timing of their software updates, the rollout has taken longer than the company has communicated.
However, that now since they’ve officially rolled out earlier this month, we are expecting to recognize revenue as soon as our products are cleared for distribution by the App Stores at Google and Apple. This is how Global and its customers will load the application. We believe that will occur in this quarter"
Heinekenken, No reason to think it will change based on the usual suspect words Miller employs. Stock took his bs and shorts are back in control.. Secondary likely if not Goldman will for some reason allow Miller's bs to cause him to give more cash to this fable.
Subs, until they start to bring in money from a non-gov entity then their words from the last 1.5 years (wherein they first announced their transition from gov space) are just that, words..
You have to admit they have not delivered one revenue bearing contract with a non gov entity. Not one. Other companies have booked revenue with non government entities and corporations, but for some reason IWS cannot... Why is that? Apple has signed multiple huge corps to deliver their touch pay, there are deals announced on planet biometrics every day showing adoption but silence here...
If they stated they were booking rev from the retailer (even insignificant) I would rest easier but they again have no credibility. Even the fact they cannot announce the retailer's name is unfortunate.
Listened to call last night and read transcript twice so far, not impressed. What positives are you taking from it?
Subs, the company is a joke, or at least Miller makes them look that way. They over promise and under deliver every quarter. How many times must we here, "we are delayed but really next quarter it is going to happen..."
Frustrating as they could have steered away some of this by being more conservative in their PR on the retailer. They have done this sooooo many times I wonder why Goldman doesnt push to have Miller removed, he has the power to do so... Miller has no credibility what so ever. Goldman should shop for a new CEO regardless of short term stock price actions as longs (and those on the fence - funds etc.) would appreciate it as a sign they are listening to the market and show that to take the company to the next level they need someone more skilled and capable.
T Systems - I get that the Deusche Bahn contract is up in the air, NSA issue is valid but they shouldn't give estimates on when it will start aside from 3-6 months. No mention of the botique banks or any other pilots. The German Healthcare pilot has potential since T Systems already has contract but no start...
Fujitsu - so far retailer that I question if the multi year contract is any thing more than testing, with possibility of a rollout to other cities/countries. What is the status of the other pilots? No mention usually means they are dead...
Emida - nada / never mentioned again
Global Payout - they dont make any money to begin with
Transunion deal is a long way away, and their is no reason to think consumers whether customers like you and I or businesses will adopt this extra feature. From what I heard and read from call that is all it is, not a part of the structure but an add on feature, hopefully I am wrong on that...
Ha yes, not sharing the wealth eh, well I think you'll likley need preferred shares for that.
agreed, we can laugh our way to the bank but until then let's see what Miller states in the CC, fingers crossed retailer work started and some more flavor on the recent PRs.
Predicting stock reaches $2.75 and closes above $2.45, could always have another PR this AM on more news, unlikely but that would send the shorts running faster to cover..
Curious what the quarter report / conference call reports on:
-Retailer project - nice to see it started
-Cash status - running low
-TransUnion - B2B or B2C capability
-T Systems - Deutsche Bahn project, is it a contract / has it started (stated 4th qtr) and or stats
- Status of Fujitsu pilots, still going, passed on, etc.
Ed - beat me to it, a valid call... lets see come Monday, fingers crossed..
Heinekenken,
Agree, that would be nice. The partnerships are getting the company closer to post Miller promises.
They need to get to the point that contract wins of notable size and company further validate their products and capabilities and open doors for more contract wins.
Interesting movement on the stock, a lot of move against PRs regarding partnerships... Maybe more Monday?
Subs yes you held the line and were right, but still lets see the $$$$$$ in the form on contracts.
Surprised that this AM's Fujitsu PR or the Transunion PR is what is driving the stock, doesn't seem likely. Thoughts?
Good deal!!! About time for a reversal!
No mention of biometrics, when it does it will be a good sign.
interesting, looking fwd to the details on the next CC.
I sent it to their sales generic email, I did my part lol...
we will see, I dont expect a response.
Not sure IR would pass this onward but hope IWS knows about it, I don't have the best relationship with IR anymore after Greg left but maybe one of you does.
Hope IWSY is tracking this
"The DHS is expected to move forward with a new database within the next two to four years, with any new system expected to incorporate multiple biometrics such as finger, iris, voice recognition or even DNA if there is perceived to be a customer need."
http://www.planetbiometrics.com/article-details/i/2381/
OBIM seeking next-generation biometric technologies
11/11/14
The Office of Biometric Identity Management (OBIM) at the US’s Department of Homeland Security is seeking information on the emerging biometrics technologies and services that could replace its current system.
In a request for information (RFI), OBIM says it wants to collect information from the industry on current and near future technologies, because it is “proactively addressing its next-generation architecture and capabilities for replacing the current biometric system”.
“The vision represents a major investment to ensure that OBIM can continue to accommodate the expected growth of populations and new applications of multimodal biometric identity screening,” said OBIM.
OBIM stores and analyses biometric data, digital fingerprints and photographs, and links tha tdata with biographic information to identify and enrol identities for the DHS.
It uses the Automated Biometric Identification System (IDENT) to determine whether individuals pose a risk to the United States, and whether they meet the requirements for a specific benefit.
As of September 2014, IDENT contained more than 170 million biometric identities. It also handled approximately 290,000 transactions per day to support multiple DHS Components as well as DHS mission partners.
A senior OBIM official confirmed to Planet Biometrics at the Global Identity Summit in Tampa that month that OBIM will receive US$20 million in extra funding to keep its existing identification system operating while a new database is developed.
The current system would be overloaded should the level reach 375,000 daily queries, while above 400,000 transactions there will be further degradation - with a possible impact on response times – said the OBIM official.
The DHS is expected to move forward with a new database within the next two to four years, with any new system expected to incorporate multiple biometrics such as finger, iris, voice recognition or even DNA if there is perceived to be a customer need.
This approach is confirmed in last week’s RFI, which says OBIM is seeking: “Approaches and architectures for leveraging multiple biometric modalities in very large-scale systems to improve accuracy and identity assurance and to decrease failure-to-enroll rates.
“OBIM is requesting information on a system through the application of state- of-the-art techniques that can improve the accuracy and efficiency of its biographic pre-verify services. OBIM is interested in various approaches for using biographic information to assist in the deconfliction and disambiguation of identity information.”
The department says that interested parties should submit responses no later than 5 December, and submit questions no later than 14 November.
Subs, IMO they have enough going against them, market is disapproving of their efforts to date or lack of them. Might not be a big deal but they need to do the little things right. We will see.
But they also just announced they will provide a corporate update on the 3rd quarter, ended 30 Sept on 17 Nov... strange....
"ImageWare Systems Sets Corporate Update Conference Call for Monday, November 17, 2014 at 5:00 p.m. ET
SAN DIEGO, CA., November 10, 2014 – ImageWare Systems, Inc. (OTCQB: IWSY) (ImageWare), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, will conduct a conference call on Monday, November 17, 2014 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to provide a corporate update for the third quarter ended September 30, 2014.
Strange, what would trigger them to do this? Bad planning, what internal could cause this, not a contract or anything right?
Maybe that they are in schedule with the retailer, that would be a surprise...
Anyone betting on a surprise at the upcoming quarter conference call?
Subs,
Valid points, just I expect the story from Miller about how they have transitioned to the private sector and revenues are on the way. A long term investor can only take those words so long without tangible results...
I hope you are right, for both our bank accounts and my sanity ha
Subs, I like the confidence, but they (Miller and Co, as well as Fujitsu and T Systems) need to prove it. So far nothing is certain.
When I spoke to IR (believe one of my previous posts stated) they stated the T Systems arrangement is a pilot, which worried me. I'd like to see an official announcement and a real contract award from Deutsche Bahn to solidify some fwd progress.
I just hope the retailer project started, and it is Walmart. This company needs to create a pattern of following through.
What makes you think more contracts are on the way?
Subs with those new buyers I hope also comes new contracts.... This qtr has been dead silent...
Might sound strange but for some reason I think this next QTR call may not be so much of a disappointment.
The fact Apple and Walmart are facing off (see below) gives me hope IWSY will be a contender for one of these players to use since it is multi modal..
"Wal-Mart and allies in face-off with Apple Pay over mobile payments"
http://www.reuters.com/article/2014/10/30/us-payment-retail-idUSKBN0II2MT20141030
By Nathan Layne and Nandita Bose
CHICAGO (Reuters) - Suddenly it's Apple versus Wal-Mart in the fight for shoppers' digital wallets.
With the development of a new mobile payment system, a group of retailers led by Wal-Mart Stores (WMT.N: Quote, Profile, Research, Stock Buzz) is aiming to upend the $4.5 trillion credit card market and control the precious transaction data generated at the checkout line.
The difficulty of the task became clear this week when drugstore chains CVS Health Corp (CVS.N: Quote, Profile, Research, Stock Buzz) and Rite Aid (RAD.N: Quote, Profile, Research, Stock Buzz), in a move apparently aimed at shoring up the retailers' pay system, stopped accepting payments on Apple Inc's (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhones. That prompted consumers to complain that they were being denied a user-friendly payment option.
The “skirmish,” as Apple CEO Tim Cook put it this week, is the latest dispute to emerge from the Byzantine world of payment systems, which is dominated by banks and credit card firms.
Many payment experts said they are skeptical that the retailer-backed system, known as CurrentC, can gain traction, let alone thwart Apple Pay, a payment system launched by the iPhone maker last week. CurrentC is set to go live in 2015.
The retailers' main objective appears to be to push credit card companies out of the payment equation, or at least get them to lower their costs.
"CurrentC is built for retailers, to help them cut out interchange fees," said Nick Aceto, senior director at payment technology firm CardConnect, referring to the fees paid by retailers to credit card companies when a shopper makes a purchase. "It's not a solution that will appeal to customers because it does not make their lives any easier."
That's not stopping the retailers from trying, and their consortium, the Merchant Customer Exchange (MCX), has clout, with $1 trillion in annual sales. In addition to Wal-Mart, its members include Best Buy Co (BBY.N: Quote, Profile, Research, Stock Buzz) and Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz).
MCX officials said CurrentC will work on any phone, integrating loyalty programs and payments into one transaction. While the group's focus is helping consumers, they said, it hopes to shake up the payment system.
"MCX and the merchants that founded MCX are challenging ... an entrenched, very large status quo, a $500 billion ecosystem on the payments side," Chief Executive Dekkers Davidson said on a conference call Wednesday.
Davidson said MCX has made arrangements with two credit card companies and wants to partner with large issuers. But he did not say whether MCX would be willing to work with the likes of Visa Inc (V.N: Quote, Profile, Research, Stock Buzz) and Mastercard Inc (MA.N: Quote, Profile, Research, Stock Buzz) and pay them conventional rates on interchange fees. Eventually, he said, "We expect that all cards will be welcome at CurrentC."
Wal-Mart, which has made little secret of its disdain for paying processing charges, is suing Visa for $5 billion for what it says are excessive card swipe fees.
Credit card firms typically charge 2 percent to 3 percent of the value of each transaction. Retailers paid $66 billion in credit-card-related fees in 2013, out of $4.5 trillion in spending tied to major U.S. cards, according to the Nilson Report.
In contrast to Apple Pay, which encrypts payment data and keeps it out of the hands of retailers, CurrentC connects directly to a customer's bank account. It will allow retailers to glean valuable data on spending patterns, which they can use to better target advertising and drive loyalty programs.
There would be no pooling of data across retailers, Davidson said, and shoppers can opt to remain anonymous. "Consumers will determine how they are marketed to or not marketed to," he said.
MCX says CurrentC will be secure, an assertion that was tested on Wednesday when the group confirmed that hackers had obtained the e-mail addresses of some participants in a pilot program.
While Wal-Mart has said it has no plans to support Apple Pay, its rival Target is taking a more nuanced approach. Target has said it plans to use MCX for in-store checkout but is allowing Apple Pay for online purchases through its mobile app. Target is featured on the Apple Pay website.
MCX members have made up-front payments of $200,000 to $500,000 to join the group and signed multiyear agreements, according to people familiar with contract terms.
MCX said on Wednesday that when retailers join the consortium they do so on an exclusive basis, but there are no fines if they leave the group.
Walgreen Co (WAG.N: Quote, Profile, Research, Stock Buzz), a rival to CVS and Rite Aid, said it decided to offer Apple Pay to give its customers more options.
“It is ultimately about providing the choice to customers because no one really knows how this space will evolve,” said Deepika Pandey, head of digital marketing at the pharmacy.
(Additional reporting by Deepa Seetharaman; Editing by Eric Effron and Douglas Royalty)
I think Miller's salary should be based more on stock than salary, it should be structured more like a start up CEO's as IWS has yet to be profitable....
Based on the stock decline here are some worst case scenarios / potential events that are tired to the massive stock decline. Some are more severe than others...
That T systems have pulled their pilot with IWSY and therefore Deutshce Bahn is doa as well at the German Healthcare system.
Retailer contract cancelled or pulled or delayed
Fujitsu partnership cancelled
Secondary offering at a much lower price $1.50 or at this level
Patent court case loss
No success with the other pilots
Nothing new to report at the upcoming CC
Try $1.76... and continues to fall.
I agree and thought that at some point they would shop to Fujitsu and T Systems and state they want to sell. For those two companies the price of $200M plus is nothing to them, although they have no revs so....
I believe they are limited to because of the agreement with this retailer.