ImageWare Systems, Inc. (IWSY)

[EdBiometric]

I don't know how low it will go. One thing is for certain. If they can convert just one of the pilot programs into decent revenue the stock will skyrocket back into the $2s immediately.

That being said if they don't deliver any deals soon then there is nothing to keep the stock price from falling much lower. The valuation is high and although nobody knows what the real revenue potential is without any revenue generating deals you have to assume being valued at $100 million is too high.

I purchased a stock a couple years ago (DSNY). Actually generates some revenue and had another potential breakthrough technology. I bought in at $2 and then $1.50 and then $0.90 and today it trades at $0.30. I lost over $10k but still hold the stock today. Based on this very horrible outcome I've come to be very cautious when investing in micro cap stocks. Timing is everything with these micro cap stocks. When you get it right the rewards are high, but when you get it wrong they are dead money or worse.

I still like IWSY and believe in the future of biometrics.