Friday, October 10, 2014 8:07:24 PM
1) If they give the cash that JAMN needs, they would be owning way more than the 10% that JAMN wants to keep their partners at. In fact, based on the reduced stock price, if they gave another $2.5 million, I believe (not doing the math now, but I will if someone wants me to) they would have over 20% of the company. Their initial deal prohibited such an arrangement and would give MP a lot more power than Rohan and Toevs would want them to have.
2) They've already lost 1/3 of their value in JAMN from the first round. At this point would they be throwing good money after bad? How long could that last?
But hey; I've been wrong before. I once didn't think they could get a loan that they eventually got; I was shocked when MP gave them some cash this year; they could do something surprising again.
However, with the flat sales, I don't see them being anywhere close to break-even any time soon.
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