Sunday, October 12, 2014 9:05:52 AM
Finally! We can agree on something! JAMN sells about $4 of product at each retail location each day. Starbucks makes that much is sales with each coffee order.
Actually, if MP wants their RealCups to work, then they do need JAMN. JAMN is their biggest seller for RealCups products. It's got a famous name attached. It gives them validity and brand recognition. This is why they gave JAMN $2.5 million - to keep the brand alive.
Yes; JAMN is definitely struggling. Even with a cash infusion, sales have been flat for 3 straight quarters. Struggling, struggling, struggling. Without another cash infusion, I don't know if they'll make it 6 months. I'm glad we agree on that point!
How else can they support JAMN? They can't buy any more stock based on the current agreement. Where else is a cash infusion going to come from? Who is going to bail out JAMN this time? The problem with needing 2-4 years is that JAMN probably doesn't have that amount of time to turn things around. Sales are flat and they're almost out of cash. Again. It's a head-scratcher for sure!
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