Fair to say that I don't think Securestate, or anyone, would want a letter of intent if they didn't think the product actually works.
Judging by the level of buying, I would back these investors in to know more about the product than us. Yes there has been sellers, but that has dried out significantly over the last week. If they can get some contract wins, which I believe they can it won't be easy to stock.
The awards may be a few years old, but that still validates the product. I think over the last few years IWG have been busy fine tuning the product so it can be rolled out quickly and easily. The technology is there and I think the ability to roll it out is as well.
IWG Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held