Jammin Java Corp (JAMN)

[Brophtron]

When someone buys 5% or more of a company, they have to file with the SEC; it's kind of a formality, but it's important for the shareholders to know the major ownership of the company.

I don't think they bought on the open market; the volume isn't high enough for them to have done that, and with JAMN's financial status, there's no way they'd be interested in a company like that. There's no reason for them to give $1 million to other shareholders; $1 million to JAMN improves things a little, though it doesn't give them a fighting chance - JAMN is already heavily in debt, they woe $700K in fines and $200K to the Marley family for licensing fees. $1 million won't go far - it will probably be used to take care of these things, but the debt is still going to hurt the company.