This was filed yesterday before today's drop


Frischer Charles filed with SEC a SC 13D/A form about Imageware Systems Inc. The form can be accessed here: 000119380515001928. As reported by Frischer Charles, the filler decreased its stake in the stock by -13.10% for 4,676,027 shares. Frischer Charles currently owns 4.7% of the stock. This ownership filing was filed because activity on November 13, 2015.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

who dumps 700k at once? just doesnt make sense, unless they knew shares were about to be worthless?

a sell block or buy?

no support in site, WTF, seriously this is getting annoying...

form 4s, I'd like to see contracts over insider buys. I think they have a shot to secure a contract but the longer time goes on the probability decreases.

I see one contract with a partner and over $1M in 2016 revenue I will have faith!

Subs,

Cash burn is always a concern but with Goldman holding so many shares and his HILL position made him some decent $ (Hill was acquired) I think they will find the cash. Question is when will a pilot convert? That has been truly frustrating.

I don't understand how anyone can place a valuation on this company based on the fact this model is new and the pricing is really unknown (aside from ranges). I continue to believe the market is looking at Miller and team as a joke, and think none of the partnerships will pan through. That said the stock will skyrocket if a few pilots go thru as proof of tech is then achieved. How low do you think this will go?

subs why do you think he will come through?

wow that was bad... 1 Q&A.... from some retail investor.... disappointed on a number of aspects, they better get some contracts as PRs soon....

Re-thinking my position as IWS cant seem to make anything stick and progress, although none of it is there fault.

get ready for a drop.... not going to be a good day, I expected that they would have on this qtr the healthcare pilot $ and / or agility JV...

Honestly not even sure if the Extenua PR is real in regards to customers, will IWS see some form of revenue from that, hopefully they can say they have booked some new revenues... from somewhere since 30 Sept....

well see how Miller spins this tomorrow at 11AM, a christmas miracle (contract) is needed and needed soon...

Another disappointing quarter, I read the Extenua PR as they secured customers and reading the QTR update PR....
http://finance.yahoo.com/news/imageware-systems-issues-corporate-210500441.html

Can Miller really deliver or is he just a bag of air....

Stock not looking good going into report after close...

Subs - ha good catch. I think that would be a bad sign if short interest continued to rise, hopefully after Tue the squeeze in earnest will start...
Not getting my hopes up but can an early Christmas (holiday miracle for all / PC) happen with IWS?

Short interest as of 30 Oct 2015 is1,588,121. This is the highest it has been since March 2015. Current short avg is holding around 1.5M shares since 31 Aug.

Highest short interest in recent years was Nov 28, 2015 at 5,340,897. Curious to see when 15 Nov report comes out whether short interest will drop or increase.

Can IWS deliver some contracts by end of year and squeeze the shorts. If so we will see north of $3 very quickly...

Date Short Interest % Change Avg. Daily Share Volume Days to Cover
Oct 30, 2015 1,588,121 0.89 70,352 22.57

Subs that would be amazing, I'm not going to get my hopes up...

If it was a decent contract it would fry the shorts and we could see the stock hit $3 that day....

shorts will find themselves over a barrel if IWS reports unexpected revenue this QTR and or signs any contracts.... I could see this spring to over $3 overnight with a $5M deal with TransUnion, Fujitsu, Agility, Lockheed....

Any thoughts on why IWS will report during the trading day (11AM)?
Haven't seen them have one during this time before...
Thoughts?


SAN DIEGO, CA--(Marketwired - Nov 10, 2015) - 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 Tuesday, November 17, 2015 at 11:00 a.m. Eastern time (8:00 a.m. Pacific time) to provide a corporate update for the third quarter ended September 30, 2015. The company will report its results in a press release after market close on November 16, 2015.

ImageWare Chairman and CEO Jim Miller and CFO Wayne Wetherell will host the conference call, followed by a question and answer period.

Date: Tuesday, November 17, 2015
Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)
Toll-free dial-in number: 1-877-856-1968
International dial-in number: 1-719-325-4745
Conference ID: 1418145

Ed the PR stated that this partnership has immediate customers therefore revenues

"Strategic Partnership Yields First Customers"...."Several U.S. federal agencies and American Systems Corporation have signed up as initial users of the joint product."

"The question I have to ask myself is are we are on the right side of the inefficiency? While CEO Jim Miller certainly has a track record of over-promising and under-delivering, I expect that some of the promises of this technology producing substantial results are close at hand. Further, upon validation of the technology by paying customers, this immediately becomes a buyout candidate by a large technology/defense based company."

I'D say today is the start of proving that customers value this...

ED this is why you shouldnt chase pennies...

First customers!!! It's starting...


http://finance.yahoo.com/news/extenua-imageware-launch-cloud2drive-amazon-133000028.html

SAN JOSE, CA and SAN DIEGO, CA--(Marketwired - Nov 9, 2015) - Extenua, a pioneering developer of enterprise security software that simplifies the use and access of ubiquitous cloud storage, and ImageWare Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, announced that their strategic partnership has gone live on Amazon Web Services. Several U.S. federal agencies and American Systems Corporation have signed up as initial users of the joint product.

The partnership was formed to combine Extenua's award-winning Cloud2Drive™ storage product with ImageWare's patented mobile, multi-modal biometric GoVerifyID® product. Cloud2Drive client software coupled with GoVerifyID puts cloud storage to work with the virtual drive cluster file system, SAFE AI™. This includes the industry's most hardened encryption system and ImageWare's mobile application that provides out-of-band biometric authentication from any mobile device. Together, they create the first and only end-to-end secure cloud storage platform for office and mobile devices.

"Extenua's Cloud2Drive makes shared cloud storage secure, easily accessible and simple to deploy, regardless of the enterprise's existing cloud storage provider," said Steve Visconti, CEO of Extenua. "Security is a challenge for enterprises, both large and small, and many would like to take advantage of a productive and secure cloud storage solution for their mobile workforce. We now offer the best encryption techniques and multi-modal biometric identity management software to address this challenge and provide an unprecedented level of security to companies utilizing cloud storage, whether it is public, private, or hybrid."

"Cloud2Drive, with integrated out-of-band biometric identification, represents a new level of highly secure platforms required for today's cloud and on-premise storage networks," said Tom Suder, Mobilegov's President. "Combining Cloud2Drive and ImageWare GoVerifyID into a single platform plays an important role in countering threats to our cyber networks."

Cloud2Drive has been designed from the ground up to provide enterprises a controlled, secure and easy access solution for their cloud data by delivering critical, high-value features, including:

Cloud2Drive allows users to see and use their cloud storage like it's a local hard disk drive, for quick learnability. With an easy set up wizard, users can access cloud storage in minutes. Cloud2Drive runs on most Windows platforms, such as Android, iOS, Linux, and MAC OSX. It can also manage the complexities that arise with most back-end multi-cloud support structures offered from cloud vendors, such as Amazon S3, Microsoft Azure, Fujitsu GCP/LCP, IBM Softlayer, Rackspace, WebDAV, SFTP, and many others.
Administrators can aggregate multiple cloud services in the back-end and present them as one virtual drive or many virtual drives to the user's device. Aggregated cloud services offers maximum flexibility and can deliver more capacity, mirrored RAID 1 type high-availability and fault-tolerance, or as a migration tool from one cloud vendor to the next without interruption of service.
Cloud2Drive is 100% enterprise ready. It allows multiple users to access the same files and can prevent multiple users from accidentally corrupting a file if they access it at the same time.
Cloud2Drive uses the most accurate artificial intelligence in order to predict what files a user will need, then it caches and encrypts these files locally so the user can work offline.
Local encryption, independent of the cloud provider, is a crucial feature of strong security. The administrator controls the encryption key, so not even the cloud provider can access the organization's data. This control exceeds HIPAA and PCI compliance standards.
Cloud2Drive is very flexible and allows online access, anywhere, without the need for creating VPNs, gateways, or other bottlenecks that can be a single point of failure. This is perfect for public, private, and hybrid cloud solutions.
ImageWare's out-of-band biometric authentication product, GoVerifyID, delivers patented, advanced fraud-prevention capabilities to organizations. Biometric authentication, which includes voice, eye, signature, fingerprint and facial recognition, provides an additional layer of security and fraud defense to enterprise cloud storage users.

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"Cloud2Drive is already a 'best-in-class' cloud storage product, and the addition of GoVerifyID and multi modal biometrics has now made it even better by adding both security and ease of use features," said Jim Miller, chairman and CEO of ImageWare. "We are pleased to partner with Extenua to make biometric authentication available to the cloud storage market. Together, we provide the most advanced level of data security the industry has been looking for."

About ImageWare

ImageWare Systems, Inc. (OTCQB: IWSY) is a leading developer of mobile and cloud-based identity management solutions, providing biometric, secure credential and law enforcement technologies. Scalable for worldwide deployment, ImageWare's biometric product line includes a multi-biometric engine that is hardware and algorithm independent and enables the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials, including national IDs, passports, driver's licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint livescan, and investigative capabilities. ImageWare is headquartered in San Diego, CA, with offices in Portland, OR, Washington, D.C., and Ottawa, Ontario. For more information on ImageWare Systems, Inc., please visit www.iwsinc.com.

I'd agree that the entry point is more attractive in the low $1...

In regards to timing, most of the partnerships seem to be in the pilot stage with potential customers, if that first phase does not hit any revenues than that would be a sign IWSY's technology is not going to make it. Timing is everything, I do believe multi modal / cloud is the answer and companies get it, just how effective is IWS at selling it and or their partners.

I guess I would ask what does the price difference between $1.15 and $1.07 matter if you consider the upside (depending on how much you are buying).
If they for instance PR'd a contract the stock would head back to $1.50 that day IMO.

To be candid I'm disappointed at mgmt not being more conservative on setting expectations, three qtrs into the same old song and dance is why the stock is here. I am shocked with how much potential there is with the stock it is hitting a 3 year low....

I think mgmt will tank the earning again as they have not announced a qtr update yet.... I am also frustrated at the power the shorts have in this market place (pink sheets) / and the effect the bs (for the most part) hit piece SA had on the stock.

I am holding, as the upside if they even sign on contract with one of their partnerships could be massive but expect the bleeding to continue unless mgmt shows the money.

I saw this on the Yahoo board and thought it was worth the read

IWSY had a difficult month as shares slipped after initially moving higher towards mid-month. There is a significant amount of short interest in IWSY, which increased during the month due to a negative article that was released regarding the prospects for the company to achieve profitability in the coming months.
I consider IWSY to be a technology platform investment. In this type of investment, we are essentially investing in the future, unrecognized potential for a company to implement an emerging technology successfully. What creates the upside in these types of investments is that the markets have absolutely no idea how to value emerging technologies. There are no earnings models from which to determine what the potential is here since there are so few relevant comparisons. It is brand new territory and markets can’t value brand new territory correctly. Automatically due to the nature of the investment, we have an inefficiency taking place in the share price. The question I have to ask myself is are we are on the right side of the inefficiency? While CEO Jim Miller certainly has a track record of over-promising and under-delivering, I expect that some of the promises of this technology producing substantial results are close at hand. Further, upon validation of the technology by paying customers, this immediately becomes a buyout candidate by a large technology/defense based company.

The Lockheed partnership, which was a substantial driver behind my decision to reinitiate our position in IWSY, is a game changing event for the company. It is essentially validation of the company’s technology, setting them up for revenues from any number of the partnerships in the near future.

Lockheed tested out IWSY’s biometric engine for years before committing to integration of IWSY’s biometric engine into Lockheed’s own biometric offering. The IWSY product is not an option within Lockheed’s IDHaystack platform, it is basically the engine powering the platform. Further, Lockheed is one of a few companies that has access to U.S. Government contracts, setting up IWSY to potentially be a provider to the federal government.

Ultimately, the validity of Imageware’s biometric offerings will be proven in the marketplace through paying customers. That eventuality is close enough now that the stock warrants an investment given the exponential upside once this high margin technology begins producing revenues.

shorts won....

Should have sold way back when.....

It will be below $1 next week unless some miracle of an announcement occurs..... No matter what CEO Miller needs to go, it has never been Miller Time under his watch... He is all talk like most lawyers I know...

Goldman should have removed him when he had 20% of the common stock (now over 35%)

What is crazy is that if IWS took in revenue of just $1M from each partner*:

1) Fujitsu
2) T Systems / Deutsche Telekom
3) Extenua / IBM
4) TransUnion
5) CA Tech
6) Lockheed Martin
7) Agility
8) EDW

They would be half way there to profitability without existing revenues....

Would really like to see a PR on the Fujitsu IWS Global partnership as I think that would give me some comfort things are progressing...

It would be great if IWS booked the German Healthcare pilot $ this QTR, or some contract to show things are moving fwd....

*Not counting Online Auction as I think that is not worth counting b/c of their small scale.

Subs,

Since 2012 Fall holding the faith with IWS, never been so close but felt s far. So many partnerships but no revenue... Hope you are right as I would love to have some FU money (see Gambler - Jon Goodman's character) from this stock if it hits. Agree buyers are out there. Hope they know something more than me :)

CDW Partners With ImageWare Systems to Bring Biometric Authentication to CDW Clients

SAN DIEGO, CA--(Marketwired - Nov 4, 2015) - ImageWare Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, is partnering with CDW Corporation (CDW), a leading provider of integrated IT solutions, to provide customers with IWS biometric authentication products for cloud and mobile use cases.

CDW will have the ability to provide customers ImageWare's GoVerifyID® and IWS CloudID® products. GoVerifyID is an out-of-the box mobile application that provides out-of-band biometric authentication from a user's mobile device. The IWS CloudID full product suite is comprised of configurable, server-based software modules designed to add or enhance cloud identity management and credential issuance capabilities for existing applications. Both products offer users an easily integrated and scalable identity management solution for their devices.

"CDW is a leading provider of integrated, critical IT solutions and has a large, diversified customer base consisting of private businesses, government entities, educational institutions, and healthcare companies," said Jim Miller, ImageWare's Chairman and CEO. "The partnership gives CDW customers the opportunity to use patented and proven biometric authentication to secure confidential information in the cloud or on their mobile device. This partnership is another significant step in rolling out our multi-modal biometric identity management products to the commercial market."

About ImageWare Systems, Inc.
ImageWare Systems is a leading developer of mobile and cloud-based identity management solutions, providing biometric secure credential and law enforcement technologies. Scalable for worldwide deployment, ImageWare's patented biometric product line includes a highly scalable, multi-modal biometric engine capable of working with a wide array of sensors, modalities, and algorithms. ImageWare's identity management products are used for secure credentials, national IDs, passports, driver's licenses, and smart cards as well as both application and physical access control systems. ImageWare products support a wide range of biometric modalities including face, voice, fingerprint, eye, DNA, and more.

ImageWare is headquartered in San Diego, CA, with offices in Portland, OR, Washington, D.C., Ottawa, Ontario, and Mexico. For more information about ImageWare Systems, Inc., please visit www.iwsinc.com.

Shorts were able to control the stock yesterday with 20k shares, it's not a good sign after the previous days run up.

No news and approaching QTR report. Even showing that the German healthcare pilot started or they rec'd money from Agility as the JV started would help greatly show things are moving fwd.

Really wonder if Wayne and Miller honestly think they will be cash flow positive some months before end of year or.....

Agree, delays for a multitude of reasons can occur but if these partnerships are in fact valid / both sides are making an effort to market them then I believe this will revenues will come in. It is a big risk but the payoff could be huge and set oneself up for a while. I am nervous but that is a risk that I have accepted for the potential payoff.

Technology implementation and adoption changes takes time, not happy with stock price but if any of these partnerships hit....

Hein you are so negative its sad. I'd be more happy since you are out and there is no stress now from IWS.

I do not think it is too late when 5 large multi billion dollar companies decided to partner and sell IWS products and integrate it into their systems....

Goldman wont let that happen, they will sell their patents / IP before then, he has $30M invested, you dont walk away from that when it is a large portion of your fund.

Shorts are taking out weak hands, and those way underwater, no news doesnt help so this is predictable

I have been surprised that Goldman and the rest of the board have not removed Jim and Sale/B development for new blood.

I would guess that if the company actually signs some deals that this will happen as they will be able to attract a more candidates / not a sinking ship

This doesn't look good, no PRs entire QTR, no new revenues, Heink looks like you made the right call

RTNB on CBS Sat AM .... http://www.cbsnews.com/news/former-nsa-intel-officials-take-new-approach-to-cyber-defense-at-root9b/

who is Sylvester?

Subs I'm still here but IWS better hurry....

Better to be cautious and save your money, I am conflicted but with shorts keeping stock price down and no sign of revenues it is hard to stay in