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Based on this most recent quarterly report, maybe we can now understand why David Chasteen didn't do a shareholder conference call when he became the new CEO of a public corporation which is unheard of and very confusing for all of us. What would he have said?: Hello, my name is David Chasteen. I'm the one who put Andrew Borene in as CEO. He was a crummy CEO and I should have known better than to suggest a Hollywood actor as the CEO of a cyber security company. I also approved putting $220,000.00 into Andrew's pocket for doing a crummy job. As your new CEO, I will do much better than the lousy job I've done as a board member contributing nothing to the success of CipherLoc and instead did destructive actions like approving a huge monthly lease payment for the next several years for a big office space in Washington DC which could force CipherLoc into bankruptcy. In summary, I know this might be hard to believe, but CipherLoc is still burning $800,000.00 and by March 2021 we will be completely out of money and filing for bankruptcy but as your new CEO I will do my best to guide CipherLoc to bankruptcy as painless as possible for shareholders.
I agree with Hemaygoalltheway and it is the Board of Directors (BOD) who are mostly responsible for sinking the CipherLoc ship. The real question for all of us is this: Has the BOD done this intentionally? Giving MDLG $400,000.00 and one million shares after stealing millions from us shareholders seems reckless. Giving Mr. Borene $225,000.00 on his way out the door for doing a poor job as CEO is reckless as he made about $400,000.00 for three months of work. The BOD approving a nearly $20,0000.00 DC office building lease per month under Borene for several years was reckless, destructive and just plain dumb. Spending millions of dollars in legal fees for millions of nearly worthless MDLG shares is stupid and short-sided. There was nearly $10 million dollars in the bank when Tom Wilkinson replaced MDLG as CEO and he became the Chairman of the Board. Tom Wilkinson and the BOD destroyed more cash than MDLG after the Paulson 17.20 million raise. For full confirmation of a sunken ship we all just need to look at the reported balance sheet. The $399k of reported cash from several weeks ago is all gone given the reported burn rate of $800k last quarter. It sure looks like the BOD has done a superb job of sinking our ship. Congratulations to Tom W and the BOD on doing such a great job sinking us shareholders and any shareholder value to the bottom of the sea.
Hemaygoalltheway Tuesday, 02/23/21 08:06:19 AM
Re: clok-em-dead post# 22416 0
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No One has Told Us !!!!The Ship has Sunk and We are All Dead !!!!!!’
Ok FlufyPuff, I'm done with my warnings as I'm not wasting anymore of my valuable time. But in 2021, I will come back with... I TOLD YOU SO! Until then, the sheep are being led to the slaughterhouse by an 80 year old CEO who lies over and over to any sucker-investor that will believe him.
But the fundamentals really stink here because the company cannot operate profitably. 15 MILLION dollars worth of dilution on uplist will heavily impact the supply of shares and the stock will collapse.
More lies and rumors from the CEO to keep the stock elevated for his uplist deal. And it won't matter as Ammo Inc. will just lose money on every single contract he gets and delivers on and he will lose money on every bullet he sells. There are no margins to be had in the bullet business for a small inefficient company like Ammo. There will never be one penny of EPS in this company. If he does make a penny per share then his stock will need to crash 90% from here to be properly valued. Alexander must have some real dumb investors with money to burn to pay $2.10 or they are just another investment banking whore needing a commission and willing to put their clients in severely overvalued microcap stocks with no future.
How about you look at Evidence of Facts which are in the crummy financials. The pathetic income statement in a BOOM for ammunition and the weak balance sheet are evidence of a very WEAK MANAGEMENT team that only knows how to be stock promoters vs. successful business operators of a bullet company. The ONLY way for this company to survive is by continually raising new money from unsuspecting and unsophisticated investors like yourself. $30 million so far and possibly another $15 million on uplist. The TRUE valuation of POWW should be closer to .50 cents per share when you compare valuations of others in this guns/ammo sector. Over time, this company will burn through the $15 million and the stock will crash and the company will go to bankruptcy.
Why would you care why I know what I know? Are you a CURRENT employee? Only a current insider would be upset with seeing these FACTS that make them (you?) look like pathetic businessmen. If so, get off this board immediately and try to turn ONE PENNY of a Profit for the shareholders. Happy Thanksgiving to the turkey's who can only stay in business by RAISING NEW MONEY. That has been a fact and that will continue to be a FACT. I cannot wait to cash in on my short position after the uplist and the stock implodes but NONE of you turkey's will be left on this board because none of you will be employed at Ammo Inc as it goes into bankruptcy.
No need for name calling all because your precious little crummy company can't make ONE SINGLE PENNY in EPS. Put your male ego down and look at the facts: 1: The 80 year-old CEO has not delivered on one promise that relates to Gross Margins and profitability. 2: The company has no control over it's cost's or profitability. 3: The uplift will be HIGHLY dilutive to current shareholders and will cram down the valuation. 4) once the uplist happens, smart-money will be able to short this stock and long investors will have a much easier time selling their shares and the stock will collapse. 5: The company has delivered NOTHING of importance on the military side of the business. 6: The stock see's sellers every time it jumps to $2.50-$3.00 per share. 7: The company has delivered nothing in return for the +30 million dollars investors have handed the CEO that needs to retire. 8: The companies greatest skill is in releasing overhyped press releases. 9: The person who is actually running Ammo Inc. isn't listed as an officer because he has had run-ins with the SEC as a pump and dump promoter. 10: The Banker doing the uplist is a no-name banker with no ability to support the stock after the uplist is completed. I could go on but you get the point: THIS STOCK IS GOING TO COLLAPSE in the coming days, weeks and months because it doesn't know how to make money in a highly competitive industry like bullets.
A sucker is born every day. Anyone buying shares in Ammo Inc. will live to regret it. I can tell everyone first hand this company is not what you think it is but I'm very enthusiastic for the uplift to nasdaq because I can't wait to short this crummy company for a nearly guaranteed profit as it goes into bankruptcy. BUT GOOD ON AMMO INC's fraudulent management team as they get to dump $15 million dollars worth of OVER-INFLATED OVER-HYPED shares unto unsuspecting gullible unsophisticated investors. This company will NEVER make one single penny per share for investors and this massively dilutive deal guarantees that. The investment bank doing this deal must have a VERY shady past dealing with such a SHADY company that's run by a lying CEO and a behind-the-scenes unofficial CFO that has had run-in's with the SEC. Look it up as his initials are CL. Ask the lying CEO who C.L. is and then go look him up and see that he is repeating what he did in the past with what he is doing at Ammo Inc. right now: HYPE, BS, LIES, PUMP, DUMP, DECPTION, INFLATING SHARES ABOVE THEIR TRUE VALUE IN UNSUSPECTING WAYS NO ONE BUT THE SEC OR THE DECEPTIVE INSIDERS WOULD KNOW.
The boom can continue in ammunition and Ammo Inc will still be a big fat loser for gullible shareholders. Why? Because the inexperienced management team doesn't know how to run a ammunition business and only know how to exaggerate their press releases with hype and BS. If you knew their pathetic track record on what they have said vs. what they have accomplished, then you would understand why this company is doomed to fail under the current weak management team. With another 7 million shares, you're guaranteed to never see one cent in earnings per share but you are nearly guaranteed to see a one cent per share bid in POWW.
I don't know very much about charts but a three year old can see there's thick ceiling at $3.00 per share and after multiple failure attempts, the stock has dropped 25% to $2.30. Why would you think diluting the stock would make the stock go up? A fifth grader understands the law of supply and demand. The Ammunition boom has shown max demand for the ammo industry and for the already severely overvalued POWW shares and 7 million more shares is a huge pile of supply. the stock will soon see much lower prices. I look at the balance sheet and management and the income statement vs. charts and based on that, and much much much more, POWW should be .75 cents per share BEFORE the massive dilution of shares that are about to smash you in the face.
Backlog they cannot and will not ever fill. Once mass cancellations take place, as everyone and their brother and mother have years worth of ammunition, then they may be able to meet their diminishing backlog. Ammo Inc. has a micky mouse factory in Payson Az that is outdated and inefficient and it will take years to fill 80 million. Besides, they won't make any earnings for shareholders even if they meet their over-inflated backlog. This stock is tremendously overvalued based on comparable companies in this industry and this company is poorly run by an 80 year old ignorant CEO and a side-kick who has had serious run-in's with the SEC. In summary, POWW has limited potential upside of $3.00 but unlimited downside to my target of zero which will match their earnings per share of zero EPS.
Dilutive stock offerings is the ONLY WAY this poorly run company can remain a going concern. Alexander bankers will be throwing their customers capital into a hot furnace called Ammo Inc. POWW has already burned through $30 million dollars in 3 short years only to prove they have a weak management team, a weak balance sheet, weak gross margins, and an even weaker business model. Watch for POWW to head into the one's per share soon and when the ammunition industry turns down, which it will, POWW will quickly become a penny stock even if they do a reverse split. Any uplist will finally make it easy for investors to sell their shares and pound this stock.
"Firing on all cylinders" BUT heading towards a giant brick wall. .08 -.10 cents per share will be the result of this ammo inc. accident. By month-end, POWW will in the one's per share on its way to pennies per share. Why: 1: Can't make any earnings for shareholders even in a monster mega boom in ammunition which is temporary and peaked on election day. 2: A weak fragile 80 year old CEO with no ammunition industry experience. 3: a weak balance sheet with a heavy debt load that's short term debt. 4: The bullet business is hyper competitive with very low margins. 5: The company has lied and lied since 2017 about gross margins, and its military business (CEO is a bold faced liar). 6: Reverse splits result in stock crashes 99% of the time. 7: a $15 million uplist deal with be highly dilutive and will have to be done at a huge discount to the current price. 8: The shares should be closer to .50 cents per share right now when you use metrics of others in guns & ammo (RGR, SWHC etc.) 9: The company has a person on staff that runs the operations and he has been busted by the SEC in a previous pump/dump scam. 10: The BOD is controlled by the 80 year old COB/CEO and that means weak management stays in place that has proven they cannot run a business profitably for the shareholders. The end result: Bankruptcy 2021.
POWW Reverse Split should happen soon and that will crater POWW well below $2.00.The $15 million heavily discounted and very dilutive deal should send POWW down at least 50% from here. I can't imagine a deal will happen or at least not by a credible or intelligent investment bank. Who would want to raise money for a phenomenally overvalued stock(see the comps in guns/ammo sector) and a crummy company that can't even make one little penny in earnings per share in a temporary mega-boom in ammunition sales? No dilutive uplist raise would spell guaranteed disaster for Ammo Inc. because of their weak balance sheet and even weaker management team and an even weaker board of directors.
Did you ever think that the new equipment could be to replace beaten down old equipment? Do you even understand they have serious constraints on their capacity and machinery? Have you ever visited their mickey mouse factory in Payson? Did you ever ask yourself why this company cannot even make a profit in a mega-boom in ammunition sales? Do you understand that this company has never made one forecast since 2017 on their gross margins? Have you asked yourself why they don't have an military sales and understand why that is the case and will continue to be the case? If you're a current insider posting against me because you think I'm a B, then you need to stop posting on this board. In other words, bear it yourself. Seriously, go beat 'it' and get lost. Let's get some intelligent posts and stop with posts that a 5 year old would do a better job of making.
FACT: Ammo Inc. just LOST 2.3 million dollars in BOOM TIMES for ammunition. Fact; Ammo Inc lost tens of millions of dollars in BAD times. FACT: The 80 year old and his weak management team can't make money in good times or bad times. FACT: The ammunition business is too price sensitive and way too competitive for this company to survive much longer. The balance sheet needs cash fast or look for a Q1 bankruptcy if the DILUTIVE "$15 million NASDAQ uplist" doesn't materialize.
NET LOSS of $2.3 MILLION dollars in a super-boom in ammunition sales! Any Banker doing an uplist raise for this company needs their head examined. Should the 80 year old CEO 'Ring the Bell' on a NASDAQ uplist then that will be equivalent to 'ringing the BELL' AT THE TOP for POWW. If Ammo Inc. can't make a profit in good times, then why are they even in business? Seriously, someone should call the CFO and CEO and members of the Board and ask them that question because we all already know what it looks like for Ammo Inc in bad times ($12.9 in rev's with $12.6 mil in losses). I hope Ammo get's uplisted soon and then I can make even more profits on the way down shorting this pile of garbage stock as I did selling all of my shares in 2020. This is a bankruptcy candidate in 2021 if they don't get funded and 2022 if they do. Look for the delusional 80 year old CEO to start spreading new lies soon (as if anyone would buy this crummy business).
Be delusional and lose you a** in POWW. I'm grateful as I've made a nice tidy profit in POWW and in other microcap stocks and I feel lucky to be out of POWW before it collapses. You will most likely not be so lucky. Let's all look at the earnings per share in this recent quarter TBA or the NO PROFITS again in yet another disappointing quarter TBA from this WEAK management team.
FACT: The CEO has lied and lied and lied since he started raising money back in 2017 (Go ahead and ask him and look at the facts). FW has not delivered ONE CENT of a profit as he promised and forecasted (see all financials to date). Only someone who knows the facts, knows the facts. FACT: In a mega-boom in ammunition sales; the 80 year old CEO CANNOT DELIVER one penny of profit to the shareholders (see all reports including the upcoming report in a few days). FACT: I said a few days ago on i-hub the lying deceitful, fraudulent CEO would say :"RECORD SALES" but with no profits and you got your "RECORD SALES" pre-released and no profits. FACT: The balance sheet is a nasty mess and the only way Ammo avoids bankruptcy will be for Ammo to RAISE NEW MONEY and dilute the shares. FACT: A $15 million dollar uplist will be dilutive to future earnings (eps that will never come). FACT: Only a unsophisticated clueless gullible delusional shareholder will not acknowledge FACTS. FACT: Putting Jesse James face on a box of bullets was a stupid idea (they will never sell another box again because its being eliminated from production and distribution). My OPINION based on watching this fraudulent company since 2017 is that this company will go to bankruptcy in 2021 if no new money is raised and 2022 if some banker is dumb enough to raise money for this LOSER company with a CEO that has no idea how to run a business let alone an ammunition business.
More HYPE and exactly as I had predicted just a few posts ago. "Record Sales". But here's their big problem; LACK OF PROFITS FOR SHAREHOLDERS, even inside a giant boom in ammunition sales. When the industry inevitably turns down, Ammo Inc. will be heading quickly to bankruptcy. The bullet business is a low margin, highly competitive business where the 80 year old CEO has no expertise or knowledge. The balance sheet is a disaster and once cancellations hit ammunition manufacturers, Ammo inc will get squeezed hard. If they don't get uplisted in their proposed $15 million dollar DILUTIVE money raise, then 2021 will see POWW trading near one penny per share because the CEO couldn't even drop one penny per share in Earnings per share in a boom ,a temporary boom, for ammunition. Ammo Inc. and their 80 year old CEO will be best known for HYPE, LIES, a WEAK MANAGEMENT TEAM, and FRAUD when it's all said and done.
See my previous posts for specific answers and facts.
POWW price target is $1.00-$1.25 by year end. In the first half of 2021 my target in .50 cents per share. By the end of 2021, $0.00 per share as the company files for bankruptcy. If a brokerage firm is a deal-whore and gullible to the CEO's lies and raises the $15 million uplist, my bankruptcy forecast gets extended into the second half of 2022. The $15 million uplist deal will be very dilutive to shareholders and the price of the deal will have to get severely discounted to the market price in order to be attractive enough to be sold to investors. That means POWW will be diluted to where my year-end target of $1.00 per share should be a slam dunk.
Proof of this companies inability to make a profit in a temporary ammunition boom was evidenced in the recently reported quarter. If Ammo Inc. doesn't show a big a** profit in this quarter to be reported very soon, then kiss this stock price of $2.43 goodbye. My prognosis of a poorly managed company heading to bankruptcy in 2021 could be validated in the upcoming quarterly report but it will certainly be confirmed as the ammunition boom dies just like it did after the last presidential election. All shareholders are waiting for this company to announce a sizeable profit this quarter with "ammunition sales booming!" If the 80 year old CEO doesn't deliver sizeable EPS in this recent "booming" quarter, then he should resign immediately from the BOD and as CEO. Given the companies weak performance history of operating an ammunition company, expect another disappointing quarter soon that will be hyped up by "RECORD SALES" and "BOOMING DEMAND" all in an attempt to disguise the lack of any earnings power at POWW inside this ammunition boom that soon will fade away.
Not one Nickle of profits for shareholders came from the Jaggeman acquisition. The dim-witted CEO tremendously overpaid for Jaggemann. Whatever earnings or the likely additional losses that get reported on the 15th will be the best shareholders should expect to get from this weak management team. The ammunition industry will soon reverse as it did on the last presidential election where people get over-loaded on guns and ammunition and manufacturers fill up retail shelves with supply right as demand fades away. The bullet business is a highly competitive industry with razor thin margins. Should POWW do uplist deal then massive dilution will impact shareholders and the stock will crash. If the 80 year old CEO does not get the announced $15 million uplist raise completed, then Ammo Inc. will enter into bankruptcy in the first half of 2021. Any investment banker with one operating brain cell will see this crummy company is a developing financial car accident. If Ammo can raise that uplist money at anything greater than $1.00 per share, I will be highly impressed with the stupidity of the banker that got fooled by new lies by this dishonest management team. Should Ammo get the money, then my bankruptcy forecast get's pushed out to 2022 but my .50 cents per share on a pre-split basis will happen in 2021 should bankruptcy be avoided.
There is NOTHING to brag about in Military or Law Enforcement. The only item the 80 year old CEO and his weak management team can strongly brag about is raising +30 million dollars since 2017 by telling bold faced lies to gullible investors about it's Military and Law Enforcement potential and about its gross margins and profitability. Just look at the facts of what the liar CEO promised compared to what he has delivered. But let's forgive the lame Board of Directors and forget the past CEO deceptions and look to the most probable future. When Trump wins, gun and ammunition sales will evaporate (see 2016) and Ammo Inc. will be filing for bankruptcy in early 2021 unless some new gullible investors raise him new money on new lies and more false promises. I should change my stance and become a cheerleader for the CEO to tell his boldest of lies because I desire to short POWW on a nasdaq "uplift" on a reverse split. The more likely future will be for POWW to close around $1.00 before 2020 ends and then in 2021, POWW will go to pennies per share as the CEO drives Ammo Inc. right into bankruptcy.
POWW is a fraud and the old man 80 year old CEO is a liar and has been lying to shareholders for years. You should all know this by the companies consistent missed forecasts over the years. If you have ever visited their mickey-mouse-NON-state-of-the-art facility in Payson Arizona you would know that it will take them many years, if ever, to meet their inflated backlog. A "Q1 uplift to NASDAQ" will be too late. Once the election is over, demand for bullets will crash right as retail supply is satisfied just like after the last presidential election. Ammunition manufactures will quickly get order cancellations. Should that happen, Ammo Inc. will either have cash on hand (they won't) to send back against any deposits they took on past orders they received or they will go bankrupt. Strange enough, the hyped-up record backlog may actually send this company into receivership if what I anticipate happens. The company is very poorly run and the company stays in business because the fraudulent management team props the stock up with BS-hype press releases and inflates the actual value of the shares in order to raise money by privately selling stock at a discount as seen on the $1.75 per share private deal recently disclosed. It would be fantastic for them to get a NASDAQ uplift and have the stock over $5.00. Then I can short this stock all the way to zero; it's final near-guaranteed destiny. I see a 1:4 reverse split should an uplift to NASDAQ actually take place. If they fail to get the uplift as I expect, then sometime in early 2021 POWW will be trading for pennies per share.
LMAO! More Ammo BS. A "200 million dollar company in the next 18-24 months". HAHAHAHA! POWW won't even have a 20 million market valuation in the next 12-18 months. The 80 year old CEO is a liar and that has been proven time and time again by incorrect forecast after inaccurate forecast since Paulsons raised Ammo $25 million over the last few years. Revenue projections are just more exaggerations (lies) to jack up the stock. All that matters to smart investors will be EARNINGS. The bullet business is a highly competitive business with tiny margins and the leadership at Ammo is very weak. The stock price is just more smoke and mirrors by an ineffective management team goosing the stock to make it appear the company is doing great when in fact it is a poorly run company that's taking advantage of a temporary boom in ammunition sales by issuing hyped up PR. The Frauds at Ammo Incorporate will be exposed and when they are, you will all remember this B's accurate posts. Time will tell but I give the 80 year old CEO a 1% chance he's right on his BS forecast and I give myself a 99% chance I am right. Only the quarterly reports posted after the presidential election (when the boom ends) will everyone understand what I'm warning about.
Licking my chops! Can't wait until this fraudulent company with a broken business model gets listed up on NASDAQ because POWW after a reverse split on NASDAQ will be a phenomenal shorting opportunity all the way down to zero. Maybe this crummy profitless company with scary financial statements will finally accomplish one thing of what the lying CEO has been saying for years. Let's all hope the investment banker (sucker) on this deal doesn't look too closely underneath the hood.
A reverse split will destroy this stock. Expect to see POWW collapse 30% right after the split. An up-listing to NASDAQ will destroy the stock price as well because savvy traders and sophisticated hedge funds will pound this crummy company by shorting this overvalued stock. Whatever fool raises money for this broken business model will live to regret it. I'm licking my chops for the day of the split and up-list. The frauds at Ammo Inc will finally be exposed. These fools on an up-list and reverse split are walking straight into a financial slaughterhouse. Their business model is broken as there is no opportunity for this company to succeed in this hyper competitive industry. They have an overpriced product they can't make money selling as they can't produce it profitably. Guaranteed Doom is ahead for Ammo Inc. and the fools investing in Ammo Inc. will part from their money.
This company has financial cancer and it's terminal. When Ammo Inc files bankruptcy from mismanagement of the business and mismanagement of the companies finances, you will look back and remember my posts. I'm not trying to be a 'B' here, and I don't have an ax to grind per se. I made good money selling my stock in 2020 and so I'm exceptionally pleased with the companies stock manipulation tactics as I benefited. I'm out now. I would like to short poww if they ever get up to NASDAQ like they have promised investors over and over again. This companies management and its employees must all be sweating bullets knowing they can't make money in good times and when this cycle turns down, $14.9 million in revenues and $14.6 million in losses will be the future should some sucker finance this hot mess. This is a half dead company and it will not get financed but even if they do, it has bankruptcy 2021 written all over the financial statements. The Ammo team can't compete in this space and the 80 year old CEO doesn't know how to run a business and neither does his shadow CFO. This company is near dead and if the management team isn't losing sleep at night about their dim prospects, then they are all brain dead or lying to each other.
This company plays manipulative games with their shares. You can often see the painting of the tape in the last minutes of trading in POWW which is an illegal trading practice. They are also propping POWW up with hyped up over-exaggerated Press Releases in order to sell stock to gullible investors at a discount price as seen in the recent selling of stock at $1.75 per share in a private transaction. All of these things will prove to be temporary solutions. I wouldn't be surprised to start seeing their financial desperation turn to the old CEO into spreading false rumors of a take-out or a huge Q2 from booming backlog. This too will be BS and prove temporary as they don't have the manufacturing capacity or the financial ability to meet these imaginary and temporary backlog orders before the majority of the orders get canceled from the lack of ability to deliver. That is when their schemes will come to a crashing end and bankruptcy proceedings will take place. Here is what will be real, the coming losses to investors that continue to believe the years of lies from this management team which is spearheaded by a shadow CFO with a history of SEC problems and from an 80 year old CEO with a history of telling giant lies that led to poor financial performance, even in a boom he losses money. The old man better raise money and fast or he will watch his POWW go UP IN SMOKE. So hold on if you will but you better strap in because it won't be a fun ride to further forced dilution by management that finally leads to a loss for all investors.
Should you be smart enough to sell your stock before POWW goes to zero, then take those gains and go have some fun yourself. In that way, I'll be a lot of fun as you remember taking my posts seriously. This company needs a new CEO ASAP or bankruptcy is a guarantee. Their shadow CFO and co-founder (C.L.) that's been on investor calls answering financial questions has been fighting a scandal with the SEC for a pump-and-dump scheme. I'll post the settlement article at a later time. Do you notice how the CEO puts out these hyped-up press releases but he can't make a profit? This is because he must do BS PR in order to sell shares at a discount in private transactions (see shares sold at $1.75 in recent filing). That dirty money keeps the company afloat but that con-game can only continue for so long. If sucker investors wise up, then look for a Q1 2021 bankruptcy filing.
One of the dumbest things anyone has done in the ammunition industry was to put the face of a famous person (Jesse James) on a box of bullets and then try and go sell that box of bullets at a big premium. That strategy was a failure because the 80 year old CEO doesn't know the industry or how to run a company and he has a long string of disappointing performance history to prove that fact. He and his crew, current and past, have over-hyped this companies potential and it's gross margin targets and by a LARGE number of misses for a long time. The recent quarter is bad news for this company when you look at their income statement and look very closely at their balance sheet. We know they will go bankrupt in bad times as $14.8 million in revenues with $14.6 million in losses showed (What a joke) but now we see after a weak Q1 that they can't make money in boom times for guns & ammo. This company will be bankrupt by year-end if they don't get a new round of financing quickly by a investment bank or by a group of gullible suckers.I hope they get financed and reverse split the stock and get up on NASDAQ because I want to short POWW all the way to zero.
As Q1 numbers just showed, their gross margins stink and they will continue to lose money on "Record Sales" and "Record Backlog". Once the ammo cycle blip ends, after the election, the company will continue to lose money until they are out of money. My best guess is by the first half of 2021, they will be getting the paperwork for bankruptcy filed. If there's a brokerage firm or an investor dumb enough to give them more money to burn into losses, then they can keep their scheme going a little longer. I'd imagine Q2 will be garbage like Q1 but it doesn't matter even one tiny bit. The up cycle ends in a few months and then it's back to $14.9 million in Rev's with $14.6 in losses like they just reported and reported late. The shelves are empty for ammunition in a temporary boom and they do +$9 million in sales and lose +3 million dollars for Q1. That is what you call a unprofitable product with a clueless management selling "RECORD" levels of poor products for a loss. Any idiot can do that. And any idiot knows that selling products at a loss in boom times will eventually lead to bankruptcy, especially when you have a weak balance sheet in combination with an even weaker management team.
Big losses, poor gross margins, a hyper competitive industry, WEAK management team led by an 80 year old man, a weak balance sheet, and a weak product that is very overpriced, will all lead to a lower stock price that will eventually goes to zero. The fundamentals of a business is what forms a chart. Every experienced trader and investor knows that companies in OTC, that are led by crooks, have creative ways of manipulating their stocks and making false charts. Eventually, poor fundamentals lead to lower prices in all cases. In Ammo Inc's case, the price of POWW will head to zero in 2021, and bankruptcy, because they can't make a profit even in a mega boom in the ammunition market and you can see Q1 results as proof of that fact. Once the election is over, the ammunition cycle will turn down and then you can look at the recently reported Q4/year-end report of $14.8 million in revenues and $14.6 million in net losses (pitiful). Get out, if you can. Smart investors will sell POWW back to the price manipulators at Ammo Inc. and soon enough they will look back and be be very happy they sold at this amazingly high valuation of POWW.
It is meaningless if CipherLoc is a member or not of a bogus organization like the QSA. Go to their website: "News coming soon". and "membership coming soon". This has been the case for a long time. Bottom line is who cares about the QSA and why is it important what Dr. Watchorn has to say? He no longer works at ManTech and the QSA that he leads, it's a pipe dream that has gone nowhere and is going nowhere: http://www.quantumsecurityalliance.org/membership.html
A deep hatred? Not at all. In fact, I'm deeply grateful for all the hype and BS thrown out by the lying CEO as I was able to sell my remaining stock I owned at a decent profit. I just want to warn anyone who owns POWW that this company is not executing as evidenced by an embarrassing year-end report and a surprisingly non-profitable Q1 report. The evidence is poor execution by a weak management team led by an 80 year old man that should be removed by the BOD ASAP. What I see in analyzing the financial reports closely is a company that will go bankrupt in early 2021 unless someone is willing and able to raise money for this company which will only extend the demise of Ammo Inc. into 2022. Everyone just learned that this company cannot execute in good or bad times in the intensely competitive ammunition industry. I personally hope they can keep the hyped up stock severely overvalued in an uplist (not likely to happen) but I really hope that innocent investors that have been lied to by the CEO about inflated gross margins and unrealistic profitability can get out before it's too late and POWW goes to zero.
We have all been waiting for this type of boom in ammunition sales only to see record sales posted with a loss (evidence of POOR EXECUTION OF THE BUSINESS). Thankfully, I was able to sell my stock for a nice profit after reading the two pathetic reports (year-end & Q1). My 'agenda' is to help investors reading these posts to understand that this company is most likely headed for bankruptcy. Once this temporary blip in ammunition sales dies down after the election (see the last elections negative impact on ammunition sales), then we'll see pathetic numbers like the ones just reported of $14.8 million in sales and $14.6 million in net losses (hard to believe!). I've been trading microcap stocks for 25 years and this one looks like a zero. If this was trading on NASDAQ and over $5.00 per share, after a reverse stock split, the shorts would have already pummeled this stock to pennies per share. I hope they get an uplist to NASDAQ on a reverse split as I would LOVE to short this stock! Bankruptcy is in their future because of poor execution from a weak and fragile 80 year old CEO leading this tiny company while failing to compete with the big boys in this hyper competitive ammunition industry.
Mr. Wagenhals (CEO), let's stop with these meaningless repetitive press releases. How many times can you put out the same garbage. This management team is all HYPE and no substance. As we just learned with the recently announced "record Q1 sales", it is clear this company can't make money. The gross margin is a tiny fraction of what the 80 year old CEO has been telling (lying) to investors for years. This CEO is too old and he is a liar and he doesn't know how to run an ammunition company. The Q1 loss shows this company will continue to post record sales and lose money. This pathetic management team needs to be replaced before POWW goes to zero and Ammo Inc. files bankruptcy in 2021. The Board needs to replaced too if they don't replace this weak management team ASAP (before it's too late).