"Best part about today's news is that they didn't make any revenues till 09/16 ( check out the filings), so plus half a million dollar in just last quarter...HUGE.
The great debt reduction sure also helps...;O)
AppSwarm Corp Announces Revenue for the Fiscal Year of 2016
TULSA, OK--(Marketwired - Mar 14, 2017) - AppSwarm Corp (OTC PINK: SWRM), a company that focuses on the acquisition and development of application-based technologies, announced today its Revenue for the fiscal year of December 31, 2016 and Revenue forecast for the fiscal year 2017.
Company Management of AppSwarm, Inc. stated, "We worked hard last year to accomplish the goal of eliminating a majority of our debt as well as to generate revenues, and we accomplished both. AppSwarm had $589,000.00 in revenues and as discussed in previous press, we were also able to reduce well over $500,000 in corporate debt from our books. This has allowed us to enter 2017 with the momentum to complete a synergistic merger or acquisition in E-commerce, health & education technologies, or other related areas. As well, we are focused on the continued growth of current in-house software development platforms and the application incubation/acceleration program. Additionally, this gives us the liberty of developing in-house virtual reality products and platforms. We are very excited to be announcing many impressive deals in the upcoming weeks and months."
The AppSwarm Officers and Directors further stated they expect revenue and net operating profit growth in 2017. The revenue growth is dependent upon the quantity of software apps that will be in production this year and the successful completion of one of the acquisition discussions now in place.
Capital Change=shs decreased by 1 for 3000 split. Pay date=09/25/2015.
O.K., now let's see the filings:
Common stock, $0.001 par value, 800,000,000 shares authorized; issued and outstanding 112,964,581 at June 30, 2016 and 107,585,581 at December 31, 2015. 30,2016
Common stock, $0.001 par value, 800,000,000 shares authorized; issued and outstanding 113,014,581 at September 30, 2016 and 107,585,581 at December 31, 2015. 30,2016
So it's pretty clear that on July 2016 (when we hit 2,13 $) the O/S was around 113 MM, right?
Now see this new from October 2016:
APPSWARM INC. RETIRES MAJORITY OF COMMON SHARES Tulsa, OK--(OTC Markets News October 28, 2016) – AppSwarm, Inc. (OTC: SWRM) announces the cancellation of 67,500,000 restricted shares of common stock or 57.3% of the outstanding. This means shareholders in possession of more than 4,550,000 shares are now classified as affiliates because their ownership exceeds 10% of the outstanding common stock. Notices have been sent to shareholders’ known to the company to possess such shares and to the brokerage houses at which they reside. The lateral merger at the state level and the change of control announced in the press release of October 14, 2016 has been completed. The process for completing the name change to AppSwarm Corp. has begun with the application for a new CUSIP number. Upon receipt of the new CUSIP number the filing with FINRA will be entered.
That's why you see a O/S of 50 MM at pinksheets.com
113 - 67,5 = 45,5 + 5 MM RESTRICTED GIVEN TO MR.BREWER = 50 MM O/S
SWRM Security Details Share Structure Market Value1 $650,193 a/o Mar 14, 2017 Authorized Shares 810,000,000 a/o Oct 05, 2015 Outstanding Shares 50,014,851 a/o Dec 15, 2016
If you have followed all the steps you should be excited right now...by the way, the A/S has been also decreased from 810 to 500 MM.
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