Jammin Java Corp (JAMN)

[NotMyFaultYourHonor]

Anybody else see this?

We Be Jammin!

Time for us to give out "I told you so"s again, following an announcement that the SEC is investigating Jammin' Java Corp (JAMN) for a spring season Pump & Dump which we were screaming about as far back as April. We took tons of criticism for reporting on the obvious scheme that resulted in many making ill gotten profits while many more collectively lost 10s of millions of dollars.

According to a Bloomberg report, the SEC probe was revealed by the filing of lawsuits intended to quash subpoenas issued in conjunction with the investigation. The SEC does not generally discuss their investigations, so such revelations could only come from court documents or those working closely with the SEC.

Obviously, we are not surprised by the SEC investigation, as we called it back in April and we believe similar probes are in the works for more recent Pump & Dump subjects LSTG and POTG, amongst others.

http://www.pumpsanddumps.com/2011/09/monday-september-12-2011-todays-pumps.html