Jammin Java Corp (JAMN)

[Brophtron]

Who would take on a company with so much debt? The market cap is $1 million and they have what, $6 million in debt? Interest is $650K per quarter, so in a month, they will have accrued $1.3 million in interest since July.

So someone would have to come up with $7 million for the current "value" of the company, plus the existing debt. Why would anyone pay that kind of money when we don't even know if they'll have the Marley name in a few months? You don't think they'd pay shareholders more than $1 million for the company, do you?

And if they aren't going to have the Marley name, why even buy JAMN? Why not just start their own coffee company?

And finally, if they can't find a buyer, and whether they keep the Marley name or not, how are they going to pay off the debt that they have (and don't say more debt)?