AppSwarm Inc (SWRM)

[valuemanager]

My estimations were too optimistic ...

I estimated a yearly revenue of $3 million with a net profit margin of 10%.

Management points at $1.35 million at year end with assumed record sales in Q4. Furthermore, as of Q3, SNWT is running net losses. (Anyone remembering the net profit margin of 30% the pumpers were "dreaming of"?)

Assume, they were as profitable as their best industry peers (find a list in my previous postings), i.e. a very good net profit margin of 10%.

That would give SNWT a hyothetical net profit of $155,000. With outstanding shares of 105 million (post split), this would be $0.0015 profit per share.

At a share price of $0.16, this is a P/E ratio of 108.

'Nough said.

Cheers,
Value