AMMO Inc (POWW)

[Microcap Woman]

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 Ammo Inc. has a micky mouse factory in Payson Az that is outdated and inefficient and it will take years to fill 80 million.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.