Jammin Java Corp (JAMN)

[Brophtron]

Why do you think that JAMN warrants a bump? Sales have completely leveled off - quarterly sales of $2.5 million? They did that a year and a half ago! Losses are greater than revenues. Gross margins are slim. The last quarter showed reduced expenses, but I don't think that's going to last.

Current market cap is $27 million. The company has no real assets. They outsource all of the processing. Yearly sales are just $10 million a year. They have to average $4.25 million a quarter to hit their projected $17 million for the year and they're already almost $2 million behind for the first quarter.

The fact is, JAMN is already extremely overpriced.