AppSwarm Inc (SWRM)

[valuemanager]

Substantial information about SNWT here

This board is tilted toward repetitive cheerful little nothings that sound nice but don't mean much. The obvious intention is to pump up the price.

Are you interested in estimating risk and intrinsic value of SNWT? Than you may like to read the postings below with substantial information referenced to SEC filings instead of PR material.

I am posting this here because SteveKing, the moderator prefers to keep the iBox free of inconvenient facts.

Reduction in sales & weak profit margins
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42064584

Revenue & profit per share (PE around 300!)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42042704

Company needs to sell stock to survive!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42064738

Comparison with competitors in the industry
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42181747

Link to the SEC filings of the unprofitable and badly company that SNWT was (Human Biosystems, HBSY) before it took over SNWT in a reverse merger.
http://www.sec.gov/cgi-bin/browse-edgar?company=human+biosystems&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

Finally, note that due to the large number of outstanding shares (20 million), even $1 million revenue is just 5 cents per share. With a assumed optimistic above industry profit margin of 10%, this is just $0.005 profit per share. This is why the total PE ratio is around 300.

Disclosure: I am short 4,000 stocks because I believe that in the end, the price will fall back to intrinsic value (around $0.20 per share). This will happen latest when the next 10-Q is published (likely in November 2009).

Cheers,
Value

Good luck to all!