AppSwarm Inc (SWRM)

[valuemanager]

Company needs to sell stock to survive!

This is the reason, why SNWT currently engages in stock pumping through dubious promoters (see earlier post for list).

Read the 10-Q, search for headline "Going Concern":

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6763031

"the Company has sustained operating losses since inception and has an accumulated deficit of $671,468 and $359,075 at June 30, 2009 and December 31, 2008, respectively. In addition, the Company has negative working capital of $2,413,800 and $177,931 at June 30, 2009 and December 31, 2008, respectively.

(...)

These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of their common stock."

Sure that management can use the new capital for subtiantial growth and profitability? In the light of shrinking sales even at Buggy World? In a business that is capital intensive (as management states in the 10-Q)?

Buyers beware!