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.