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Monday, August 28, 2017 12:17:03 PM
New Game Developer Acquisition
The acquisition of MediaPlay, and their publishing agreements with the likes of Discovery Channel, and Valiant Entertainment could potentially add several million to SWRM market cap valuation. With less then 60 million shares issued and outstanding, and market cap still below $1 million, SWRM stock is drawing the attention of upside swing traders based on this new merger.
In 2016, MediaPlay executed a development and publishing agreement with Discovery Networks, and subsequent deals with Valiant Entertainment. Through this acquisition AppSwarm may now have a deal with Discovery Networks, which could be a major game changer for the valuation of SWRM stock.
Upside Potential
In the report, Ludlow Research made note that SWRM’s growing revenues, new acquisitions, expansion into mobile ecommerce, business applications, retirement of toxic debt, and only 55 million shares outstanding offers an intriguing value trading opportunity, and thus issued a $0.10 to $0.15 price target on SWRM, or $5 to $8 million market cap valuation.
http://www.wallstreetnewscast.com/profile/swrm/
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