Due Diligence for Investors in Safer Shot, Inc.
The Tonev article gives the investor a full view of SAFSD and some insights as to what events could affect the SASFD share price. The Barchart analysis also linked below shows all the key statistics and data related to the company. The company quarterly report we list below gives the details of their financial position.
Our View: The calculator app on my iPhone only calculates up 1 billion. I had to use on online calculator to do this due diligence. Safer Shot has a remarkable 1.6 TRILLION shares outstanding. They have had TWO reverse stock splits this year, each one being a 1,000 for 1 split. That means every share held in 2014 is now 1 million shares. According to the Quarterly report linked above the company’s sole officer, Michael Black, owns 91% of the outstanding shares.
SASFD has $443 in cash and total assets of $110,216 and half of that is “intangible assets” related to patent rights. The company doesn’t transact any sales of its proprietary non-lethal guns, but remarkably SAFSD has a market cap of $116 million.
There were 632 trades in these shares yesterday with a dollar volume of $417,628. We don’t think this company has a lot of merit based on operations or finances, but maybe a trading play?
Hot Stocked – Borislav Tonev – October 12, 2015
SAFSD – Quarterly Report – September 24, 2015
Barchart.com – Analysis – October 12, 2015
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