Monday, June 29, 2015 9:56:04 PM
He could just as easily be licensing the name to someone else who built the stores. If he millions to pour into stores, why didn't he put more money into JAMN to make it more successful?
How exactly does that matter? He convinced a lot of people to invest in this business, but he's the one who reaps the greatest rewards. If JAMN is making $300K in a quarter from the coffee sold to South Korea, I can just imagine how much Rohan is making on the deal. In the meantime, JAMN is losing millions, has slipped behind in their payables and is again taking on debt that they can't afford. In 6 months we're going to be told that debt isn't the way to go and they'll be looking for more equity.
Do you understand what I said? I was saying to take them away mathematically to compare US sales now vs. US sales from several years ago.
Because he still owns the name Marley Coffee; he can let the public company fail and still sell coffee with his private business. He's already doing that, of course. So what does he need JAMN for?
Growth has slowed to a crawl; they're doing the same business they were doing a year and a half ago. The recyclable cups won't make a difference - nobody will even hear about them.
JAMN doesn't actually do much of anything. They import beans; they pay another company to roast, package and ship them. They have one office. What have they done in the last quarter to cut costs, other than cutting marketing and sales, which is needed to increase revenues?
MP gave them money in exchange for shares; they paid some money for promotion about a year ago. That's all over at this point.
Their deal with Best Western was supposed to be huge. The deal with AVT was supposed to be huge. The BikeCafes were supposed to be huge. The BlackRock coffee service was supposed to be their model for a nationwide chain of office coffee locations - and now they're selling that. They make a lot of promises, but I don't see a lot of delivery.
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