$IWSY This has no volume but somehow not delisted yet - not even fidelity could dump my shares for nothing haha. What an insult to injury not only losing everything but having to look at it everyday
$IWSY Received the following e-mail today from the IR contact for IWSY:
"No update. Company will be dissolved as soon as funds are available to pay for such."
$IWSY This article from Jan. 19 puts a positive spin on the deal for shareholders but I don't have reason to think the spin is warranted at this point.
https://findbiometrics.com/tech5-acquires-imageware-extending-presence-in-north-america-market/
"Geneva-based TECH5 has acquired Imageware Systems for an undisclosed amount, through its US-based subsidiary, TECH5 Inc. The acquisition pertains to all of Imageware’s assets.
"The acquisition would appear to be a validation of a years-long effort on the part of Imageware CEO Kristin Taylor to transform the 36-year-old company. The executive was appointed in early 2020, and went on to appoint new members of the executive team, establish an advisory board, and rebrand Imageware’s flagship, biometrics-focused enterprise security platform.
"In the summer of 2021, Taylor launched a strategic review that would explore “available strategic alternatives to maximize shareholder value,” as the company explained in a statement."
$IWSY
Imageware sold assets, Tech 5 is 46 People does not have enough cash
It’s a merger where IWSY will have equity in combined entity
Nantahala is in it for a long run and has buried 100 Mn$ in creating these assets and contracts
