definitely something to ponder...
marley coffee is NOT like other penny stocks....
its one of the few penny stocks where you can really rely on mgmt to continue to grow the company.
its one of the few penny stocks that has actually grown sales exponentially, so many others alwasy claim to do so, always announce deals that hope to... but in the qrtly reports, it never shows up... with jamn, IT DOES....
one cannot deny 1.8 million in annual rev to 10 million and projections of 17 million (there is no reason not to believe toevs, he was never perfect with his projections, but he always came close)
so doubling down is a possibility, BUT...
1) u really have to be a LONG TERM person... some claim to be, but they still end up checking the stock daily and still get angry daily...
2) if u do double, u have to be able to accept a lower share price, who knows if dragonox continues to sell til we are under 10 cents????
3) u need also need to be able to afford to to do so, and u can't need the double down money any time soon...
the positives:
1) coffee is the RIGHT industry
2) u have the right mgmt
3) consolidation is always a possibility, which would be good for you, if and when jamn starts getting buyout offers...
4)it has to be the end of the dilution, not the beginning, but we still have no idea how much longer this dilution will be going on for.
5) marley coffee, jamn will be around for a while
6) o/s is at 124 million and likely to stay there, in that range, for while (only will go up a bit to pay mgmt)
so, in my worthless opinion, if you can afford it and if you are truly a LONG TERM investor....
i would do it....
3 to 5 yrs from now, it could pay off big time
