Friday, January 06, 2017 9:00:56 AM
It's in the quarterly report "Credit is still tight, though we have been able to structure a credit deal with National Coffee Roasters for our ground and whole bean products. We are seeking additional funds to help with single serve capsule fulfillment."
So they're working with another roaster for ground and whole bean (gee - why would they have to do that if they still dealt with MP?), but they aren't currently making RealCups - they owe Mother Parkers $2 million, and MP has apparently cut them off.
I'm not talking about MP's ownership in JAMN; I'm talking about their roasting and RealCup services.
Also, you noticed that in Q2 the revenues dropped by 41%. RealCups makes up more than half of the revenue for JAMN. So at the beginning of the quarter, they sold Realcups, then some time in the middle of the quarter they stopped, making revenues decline.
If everything is great - if they're good with MP, if they're good with their distribution channels, if people are buying the coffee, then tell me why sales dropped by 41%? And when you get finished with that, can you explain why they're spending so much on sales and marketing when they don't have an office and aren't moving product?
The other day I picked up a Kindle copy of "A People's History of the United States" by Howard Zinn for $4 - it's really blowing my hair back (BTW, I knew who Howard Zinn was in high school).
How do you like them apples?!
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM