A stark reminder blares in investors’ ears like a relentless alarm clock – the clock is ticking, fast approaching the November 29, 2024 deadline. This imminent cutoff mandates a lead plaintiff motion for those who dabbled in AMMO, Inc. (“AMMO” or the “Company”) POWW stock between August 19, 2020 and September 24, 2024.

AMMO investors nursing losses on their investments are beckoned to seek solace at the Law Offices of Howard G. Smith – their beacon of legal guidance. Engagements can be initiated at (215) 638-4847 or via the digital epistle to howardsmith@howardsmithlaw.com.

A shroud of mystery enveloped AMMO on September 24, 2024. As twilight descended upon the market, a bolt of thunder ripped through the tranquility – the departure of the Chief Financial Officer was announced, succumbing to the “request of the Board.” In a parallel breath, the revelation of an independent scrutiny into “internal control over financial reporting for the fiscal years 2020 through 2023” was unveiled. Further digging unearthed the enlistment of a legal firm to embark on a quest – to unravel the fabric woven by the Company and its managerial titans: “(i) Did they disclose all executive officers, members of management, and potential related party transactions during the fiscal years 2020 through 2023 truthfully?; (ii) Did they accurately classify certain fees linked to investor relations and legal services as reductions of proceeds from capital raises rather than period expenses spanning the fiscal years 2021 and 2022?; and (iii) Were the unchained stock rewards to high-ranking personnel and others properly valued from 2020 through 2022?”

This seismic revelation sent shockwaves across the realm of investment, crippling the Company’s share price by $0.08, a staggering dip of 5.26%, eventually settling at $1.44 per share on September 25, 2024. The market bore witness to an unprecedented surge in trading volume, as if the ground beneath investors’ feet was quaking in response.

The grievance filed against the Company lays bare a grim portrayal. Allegations, thick as smog, cling to the air of deceit. Throughout the Class Period, the Defendants, shielded behind a veil of falsehood, failed to divulge vital truths about the Company’s innards. The nefarious omissions painted a bleak picture: (1) a glaring lack of robust internal controls over financial reporting; (2) a high likelihood of nondisclosure regarding executive officers, management members, and potential related party transactions from 2020 to 2023; (3) a significant probability of mischaracterizing certain fees linked to investor relations and legal services as capital raises instead of period expenses between 2021 and 2022; (4) a potent likelihood of undervaluing unrestricted stock awards allocated to the elite echelons from 2020 to 2022; and (5) the dismal consequence – a tapestry of positive affirmations woven with threads of deception, leaving investors stranded on a desolate financial island.

For those who traversed the treacherous terrain of AMMO securities during the Class Period, a window of opportunity beckons. Seize the day, or rather, the November 29, 2024 deadline. Rise to the challenge, present yourself to the Court, and claim the coveted title of lead plaintiff, should you meet the stringent criteria. Balanced on a knife-edge, one can choose to remain in the shadows, a silent observer, or take up arms with legal counsel in this tumultuous battleground of justice. The choice, though daunting, rests solemnly in the investor’s hands.

In the grand theater of justice, nuances matter. The Law Offices of Howard G. Smith extend an olive branch to those seeking clarity amidst the chaos. Reach out to Howard G. Smith, Esquire, nestled in the embrace of the Law Offices of Howard G. Smith at 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020. Speak your mind at (215) 638-4847 or toll-free at (888) 638-4847, or let your words dance through cyberspace to howardsmith@howardsmithlaw.com. “To act or not to act,” Shakespearean ponderings amidst a modern-day legal conundrum.

This missive, in its essence, embodies the spirit of Attorney Advertising, a cloak that veils certain terrains with etiquette and legalities.

For those curious minds, delve into the original source on businesswire.com: https://www.businesswire.com/news/home/20241003404293/en/