AMMO Inc (POWW)

[Microcap Woman]

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.