Penny Stocks Buzz For Blue Water, Imageware Systems & More

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According to its last four quarters fiscal, as the lack of any revenue, the company has been heavily relying on raising capital by selling convertible notes and securing bridge financing facilities.

Now, the company appears to have paid off some of the notes using the funds acquired via bridge financing, thus avoiding stockholder dilution. Is this company running promotion by penny stock promoter? Is there any insider trading in this company?

By the end of last trading, the Imageware Systems (OTCMKTS:IWSY) shares earned 1.91% (or US$0.03) to US$1.60 with about 0.259 million shares changing hands for the session, compared to its average volume of 0.128 million shares. According to the company”s annual report on March 16, its revenues have shrunk against 2014 by more than a million while R&D expenses have increased.

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