Jammin Java Corp (JAMN)

[Brophtron]

A year ago this stock was at 2 cents. It is now at .0003, or down about 99% of the value in the year.

Toevs was still with the company; things were very much in the air.

Since then, they've lost the Marley family lawsuit and now owe the family over $2 million. Plus they have the SEC fine of $700K.

Yesterday was the close of Q3. The 10-Q is due in 45 days and if they don't file it, that will be 4 straight reports that they will have missed.

This stock is a pig in a poke. The market is valuing it at $67K (though the company owes over $3 million), even though we have no idea what the sales, expenses, assets or liabilities are.

JAMN had millions in revenues for several years, but we never really found out where that money went - most of it was just assigned to "Sales and General". It would be nice to know where that money really went.

The CEO does real estate full time; this is just a side job for him.

I don't see a single positive thing about this stock.