AppSwarm Inc (SWRM)

[maninmotion1]

The company has authorized 10 mil preferred shares at $1 par value.
Looks like they are getting serious about generating investment to grow the business - Common shares outstanding has not changed which is a good thing, no dilution. Their revenue in one year from 2017 to 2018 has grown 10 fold which is another indicator of potential growth this year. Hold for the long run - what do you think comments

Financial Statement:

A. Fiscal year ending Dec. 31, 2018:
(i) Authorized – 800,000,000 common at no par value, 10,000,000 Series A
Preferred at no par value.
(ii) Total Issued & Outstanding 204,969,031 common, 274,550 Series A
Preferred.

Item 5. The Par or Stated Value of the Security
The company currently has authorized Eight Hundred Ten Million (810,000,000)
shares of stock at no par value which consists of Eight Hundred Million
(800,000,000) shares of common stock at no par value and Ten Million
(10,000,000) shares of preferred Series A stock at $1.00 par value.