Jammin Java Corp (JAMN)

[Brophtron]

Reacher, can you promise me that you'll read the 10-K and all the pertinent documents?

What are you guys going to have to say in two years when the current licensing agreement expires and they restructure it to begin opening cafe's in the U.S. ?

Where did you get the idea that the license agreement expires in 2 years? From the latest 10-K:

"On September 13, 2012, the Company entered into a fifteen (15) year license agreement (renewable for two additional fifteen (15) year terms thereafter in the option of the Company) with an effective date of August 7, 2012 with Fifty-Six Hope Road Music Limited, a Bahamas international business company (“ Fifty-Six Hope Road ” and the “ FSHR License Agreement ”). Rohan Marley, our Chairman, owns an interest in and serves as a director of Fifty-Six Hope Road."

The current license agreement expires in 12 years and is renewable for another 30 years - that's 42 years, not 2. But that's not really important - if Rohan wanted to change the license agreement, he would change it. The cafes aren't in the license agreement because Rohan doesn't want it to be in there!

The license agreement has already been amended several times. Right now they have an exclusive (yeah, right) use of the name Marley Coffee. It used to say nonexlusive, but shareholders complained, so the language was changed.

What will you say when they hit annual rev projections or come close to them?

They don't have enough cash to finish the fiscal year, so until they get more funding it's kind of a moot point. They've also lowered projections from 20 million to 17 million; they'll do closer to 12 million and I don't think they'll have a break-even quarter.

What will you say if Marley starts consolidating all of the companies into one?

What's in it for Rohan to do any such thing? He already has the rights to the Marley name; JAMN has no actual assets; Rohan owns the farm and sells coffee on the side. What, exactly, does he gain by combining the companies to include people who own shares in this public company when he can just do it on his own?

Remember - I've been following this company a lot longer than you have. Go back and read my posts here.