Tuesday, January 12, 2016 9:42:58 PM
1) The Ironridge deal was poorly done and there were a ton of make-goods that Ironridge got
2) Expansion is over; they've just coasted for 2 years
3) Even with the expansion, revenue is less than $4 per store per day
4) They're now months behind in their payables
5) Beyond the payables they've taken on debt
6) Their partner, MP, will be unhappy that someone else may get stock at 1/3 of their purchase price
JAMN has taken on debt that they can't pay back. That's unlikely to change in the next year. I don't see where they're going to improve.
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