Awalk, I got my wish with the stock dropping but after reading the recent quarterly transcript I'm concerned about the cash burn rate. Looks like the loss from last quarter was $1.9 million with only about $4 million cash on hand. This means IWSY will need to do a cash raise very soon, and the main question will be what the price will be to raise funds. I know another option is for Neal Goldman to infuse cash or I believe they can tap a revolving credit line but regardless eventually a cash raise may be necessary.
At the same time the IWSY valuation starts to get more interesting under $1. I just wish the latest conference call instilled more confidence in the immediate prospects for generating revenue.
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