AppSwarm Inc (SWRM): SWRM gets Corrected... http://www.ins...

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Monday, 08/01/2016 11:41:34 AM

Monday, August 01, 2016 11:41:34 AM

SWRM gets Corrected...

http://www.insiderfinancial.com/appswarm-inc-otcmktsswrm-gets-corrected/116604/

No doubt some of the volume and trading in AppSwarm has been affected by the volatility in Nintendo Co., Ltd (ADR) (OTCMKTS:NTDOY). Investors ended up questioning how much Nintendo will really make off Pokemon Go and that the run-up in price was an overreaction. We believe many asked the same about AppSwarm. This is especially true when you consider the company’s financials. In the quarter ending March 2016, AppSwarm reported just $11k in revenues, zero profits, $1000 in cash, $25k in total assets, and $1.2 million in total liabilities. So you tell us, is AppSwarm worth $200 million plus or even $108 million at current levels? We’ll let the market decide. For the latest updates on SWRM, sign up for our free small cap newsletter today!

Prolly worth about .001 (jmhddo)