AppSwarm Inc (SWRM)

[valuemanager]

Boyz -- You wrote "in August 2008 they acquired "Buggy World" for $ 615.000"

Let's assume for a moment that your assumptions are true and Buggy World had a profit margins of 30%. With revenue of $1.7 million that translates into $510,000 profit.

Do you believe anyone can acquire a profitable business with $510,000 net profit for $615,000? Impossible. The minimum multiple would be 12 (low in these markets) = $6,120,000. But SNWT paid just 10% of that.

That is all a big scam! I hope, you are not part of this scheme.