AppSwarm Inc (SWRM)

[valuemanager]

SD -- The 30% margins are misunderstanding. The filings state that SNWT expected to grow margins by 30% in order to make up for revenue lost.

My estimations may be wrong, but I estimate SNWT to make substantially less than 10% net margin (10% is pretty optimistic based on industry peers). On 6$M revenue, that would be $600k = 3 cents per share (0.6 cents post split).

Growth through acquisition is usually not valuable. Management usually overspends a great deal which destroys shareholder value.

Wait for the next 10-K or 10-Q to come out. It will tell us who was right.