AMMO Inc (POWW)

[Microcap Woman]

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.