Jacksam Corporation (JKSM)

[Macin]

Nope, people knows it’s a dog and you’re watching it die. It’ll going to drop a lot more in June

[justavoice]

NICE! cheap shares! gotta love it

[justavoice]

It also could just be because they want to follow me around. I mean, Everytime I fart money comes out, I get it.

[Macin]

I’ve only posted the truth. Not fired nor disgruntled. I just want the truth out there.

Nothing I posted was a lie. Danny was dishonest, The current team is as well. They spent months creating financial records for the three years before 2018 so they could go public. I’m not saying they cooked the books, but they were very creative. Their QA/QC process is broken and they haven’t fixed it yet. Their returns and substantial, especially their carts. That’s why hey lost Candecent, MariMed and many other key accounts.

The management team can’t lead and nothing has changed or improved with Mark at the helm.

One last parting comment, the CEO can fire the Chairman if he stacks the board. Mark raised the working capital for Convectium and he was able to stack the board accordingly.

[LagunaRad]

I suspect a former disgruntled, fired employee. Why else would someone create a profile for the sole purpose of discrediting a single company. Check their post history and you'll see what I mean.

[food4thought]

Clearly you know insiders and goings on within this company, can you elaborate to your relationship or history with the company??

Simply for my own credibility assignment.

Thanks in advance!

[Macin]

Lindsay is a nice sales person. I suggest you call Mark or the CFO for real information

[justavoice]

So I called...


And spoke to Lindsey with the sales team, was transferred by someone in the marketing department.

Here's what I learned, the pneumatic machine is the current machines out, they are produced in China.

However they are making an electric version with more customization and so on, this electric machine will be made in California. she said there is 18/20 (not bad for machines that have been said to no longer be ordered by others.... already pre sold, and that the last two would be ready around June with the rest, any orders past these 20 will be pushed back to most likely August.

She was very friendly very knowledgeable and just a joy to talk to.

I live in Illinois, and we have medical cannabis, i may end up getting one of these in the not so distant future for money since my state is going recreational soon, and I'd love to start up in the cannabis industry as I am already a medical cannabis patient out here.

With that said, for those interested she sent me a follow up email and a product catalog. I can't post the catalog on here since it is a download, but if you message me your email I'll send you a copy of it.

Since our email doesn't discuss anything sensitive I'll post the contents here.

The amount of information she covered on the phone call is not the amount of information you'd get from a dying company. She knew her stuff, she knew the new models capabilities and was just great to learn from her.

If I can get things rolling I'll be trying to get an order in for number 19 or 20! Otherwise I'll be stuck waiting a bit



Hi (my name redacted),
It was great talking to you! Attached is our product guide. Our graphic designer is in the process of updating it with new pricing and cartridges, but the machine info should be correct!

The Electric Filling machine and the Capping Machine are manufactured here in Southern California. When you're ready for samples, let me know! We have sweet all ceramic and all glass carts!

Keep me updated with how the process is going. Excited to get you up and pumping out carts!


Thanks,

Lindsay Grace

Convectium

Business Development

(m) 949.322.1101

(e) [e-mail]

(w) convectium.com

tw/insta: @convectium

Tech | Infrastructure | Cannabis

[justavoice]

I also heard he spent company money on a unicorn, and he won't even let the neighborhood kids ride... That SOB!

[justavoice]

LOL I work construction by trade... Soooo you are so far off it's kinda funny!

Just smart enough to do research I guess

[Macin]

Sing didn’t take over, they simply have a minority stake

Relax, don’t get so worked up. Why are you trying to make us think Convectium is in such great shape, when many of us know first hand that it’s not? You’re either on Convectiums management team or a hired shrill.

You keep saying the same things over and over and none of them are true.

Website maintenance and server maintenance are two completely different things. To update their website is a simple thing. To not update immediately is a sign that Marks eye is not on the ball. Little things are slipping and large things are too. According to employees who are there every day, he not engaged with running the business. When he is in the office, he’s either hungover or still drunk from drinking at bars all night. He also is severely disheveled to the point of forgetting to wear shoes.

I don’t have to more research than to understand the players and know the employees.

[justavoice]

Gonna have to stick to the fundamentals
I listed on this post, with the OTC page right to their reports again accessible to all

don't wait for that back alley meeting with who'z it's face over here to get some jobsite gossip

I mean y'all do what you want I can use some cheapies, but I've been watching JKSM since Sing took over them (PPS), I wait for the hype to settle and watched it walk down from 1.50 to this nice low where I picked up.



for so many problems with leaking carts, you'd expect their consumable sales to not have went up, about 50% in the three months from 2018 to 2019


Can't expect a new company to be flawless at the start of their trail.
But hell y'all do you, I'll be here sipping my tea and snacking on crackas haha

[justavoice]

So you want me to believe you, or do you plan on setting up a meeting for all of us?

I can meet on Spooner street? Say 12ish?

The REPORT ACCESSIBLE TO EVERYONE HERE, NOT RUMORS says they spent money on upgrades.. at least from when I went through the original due diligence pretty sure I remember seeing that in there..

So fixing faulty machinary, and the most important thing you focus on is the website EMPLOYEE LIST not being updated?

Yea I don't know, I know plenty of company's who don't flock to their server maintanance guys to update employee status... Shiz cost money too, and I don't want my investment going towards paying to JUST update the employee list.. I'd rather they do some other big updates for the page all at once..

But hey, that's just me

[MVAGUSTA]

I warned you.

[Macin]

Some people never learnt readin’ and comphrenshun so good. So I’ll tell you, the filling machines fail over 70% of the time; that’s bad. The cartridges fail about 80% of the time; that’s real bad.

They’ve experienced QA problems for as long as Convectium has been a company. That’s bad. Mark was supposed to fix the problem. Mark burned through millions of investor dollars to resolve the Quality issues. He didn’t so he and his team failed.

He lost a lot of key customers. Well, all of them. He decided to no longer make cartridges, optimized for their filling machines. So now they’ll sell filling machines and try to make them compatible with competitors cartridges. Not sure how they will configure the machines, and neither does Mark.

So the Machines and cartridges are directly related. Because Mark and his team didn’t figure out how to make cartridges optimized for the filling machine work, Convectium’s business model fails, as does the company.

The secret sauce was to sell millions of cartridges to be successful. The filling and capping machines only work, if the cartridges work.

[LagunaRad]

Filling machines have nothing to do with cartridges leaking. Apples and oranges.

[Aquahoya]

Oh so I don't obviously care. Thanks

[Aquahoya]

I was hoping this would change this time around but it's looking like it wont. Looks like probably another share dump, etc. Unless they get magical funding or pull something out of their ass.

[MVAGUSTA]

It should be obvious but no matter how accurate you are, and you’ve nailed it, no one on here wants facts that ruin the story they so desperately want to believe . Rather than considering what you say, you’ll be labeled a liar, or a disgruntled employee, or be told you can’t read financials. You’ll also be lectured on how the world of high finance actually works. It’s sad but very entertaining. I’m looking forward to the spin when this quarter’s results aren’t consistent with what they want to believe.

[Macin]

They’re not making any money, they’re steeped in red.

They only lease office space. Period.

They outsource design and manufacturing of their filling and capping machines.

They used to outsource manufacturing of their cartridges until they realized they couldn’t manufacture a cartridge that didn’t leak. They now purchase their cartridges from a supplier.

They don’t design anything, they build nothing, and they only lease office space.

They are very good at lying, and excel at losing millions of dollars of investor funds.

The management team has accomplished nothing and has done nothing but prove what losers they are. Danny was bad, but at least he had a vision.

[Macin]

Almost all is NOT all. Calm down, I received this information from several employees of Convectium. Details include defective motherboards that take months to replace/repair. Customers demanding replacements and flying engineers across the country to setup the new machines. Crating and shipping machines back to Convectium. Their office is full of returned machines and cases of defective cartridges they can’t sell.

Again, this information is directly from employees and contractors who work for Convectium. Go to their website and look at current employees. Danny is still listed. He was fired a month ago. You can then quickly judge for yourself how well this company is managed. I just checked, he’s still on there.

If they can’t update a simple website, can you trust what they report in their 10Q?

[justavoice]

REALLY EVERY MACHINE?! can you submit proof or is this another lunch table rumor

[Macin]

That's why almost every filling machine sold the past 12 months failed. That's why their cartridges still leak and they decided to NOT sell their own cartridges. That's why Candecent, their multi million dollar account cancelled all of their orders.

Yeah, awesome planning and execution.

[MVAGUSTA]

You’ve completely missed the point but it’s ok. Go with what works for you.

[justavoice]

AutoZone owns most the plants that create their parts alternators, starters, etc However they sell their parts to O'reileys, pep boys, etc for a slight premium so tell me how fortune 500 companies do the same thing, yet don't all sink like your fear mongering implies

Nothing wrong with buying others parts... As long the product is being sold and money is being made.. then where the parts are coming from are irrelevant, unless they decided to bring the process in house

Then they'd likely just save money, after a large capital investment

they are making good revenue off of their current business plan seems a bit early to call it a dud, at least I think


Go spend time with your family friends pets and loved ones today!

Or just honor our fallen, but let's not spend the day meant for to honors warriors deaths... By fighting amongst each other today!

[MVAGUSTA]

Lo leased plants either. No plant employees, no PP&E. Two vendors that supply the machines. They talk about dedicated plants. Sounds like they plants but it’s just a smoke and mirrors answer. Agree with the next guy. That’s ok if the parts look good. There in lies the problem.

[Aquahoya]

Nothing wrong with it unless the parts are poor quality and break down a lot. I would venture sometimes to pay for better parts with a little higher price to sell to a consumer that will be able to use it for 10 years. I have a feeling these parts are piss poor.

But thanks for the Intel. Saw that myself.

[justavoice]

My bad they are leased, guess they didn't want the expense of owning the plans out right, makes sense for a start up

[MVAGUSTA]

I’m trying very hard to not volunteer my thoughts on this company. But I would urge you to dig deeper on some of your conclusions. Contrary to what the website might lead you to believe, the company doesn’t own a single plant anywhere, not in the States and not in China. Yes, I know what the website says. I also know for fact that their machines are manufactured for them by third party suppliers. There is absolutely nothing wrong with that. But there are no plants owned by this company. That’s why the balance sheet doesn’t show any plant related assets.

[LagunaRad]

Not to mention a Chairman can wreck havoc on a company if they choose to. Chairmen and founders part ways with their company's all the time. Nothing new here.

[LagunaRad]

A Chairman is remove by the BOD, not the CEO. The Board would not have removed him if he was such a stand up guy.

[justavoice]

After the Investors DID come in, maybe he was just wanting to skate by?

I mean he did start the company and do all the left work, maybe he delt he did his share?

After all he left with a buttload of money tied to him, and they accepted his resignation. It sounds like their was some difference of opinions.

Sometimes when we do all the hard work ourselves and we finish our part, we tend to put our hands up and say ok I did that, you do the rest some people don't like that approach, and I could see how something like that may have led to him leaving

But that's just me! Enjoy memorial day!

[justavoice]

From what proof though?

Clearly the company has maintained and grown. it's a little premature to say Adam is going to run it into the ground..

That's like stabbing someone who rings your doorbell because they *might* be a killer?

Without proof it's just rumor mongering.. personally I think this company is set pretty solid at the moment

Revenues gaining, sales/marketing team growing, consumable sales up from last year (meaning more orders are coming in) machine sales are down but again those machines on the site are like 17-30k a pop, so I imagine those numbers will fluctuate. They own a plant in the US and 3 (I think the report said) in China... So I don't see how this can end bad.

The trade war may make it a little hard to deal with their China plants, but I can't imagine they will keep their plants their long term as an American company

Perhaps we will see some PR down the line about them opening another American plant for their machines!


Personally this is looking like a solid long term Investment, but I refuse to personally endorse any company for long term Investment.
So I'd say if anything, this looks like at least the company is poised to do well short term to possibly long term

[Macin]

How is he a loser? He started this company with his personal savings from his garage. Investors begged him to let them become a part of his company. Mark Adams weaseled his way into leadership then pushed Danny to the side.

Frankly Danny may not have been great during the transition to reverse IPO, but Adams has been worse. This company is terrible and Adams is the bigger loser destroying it.

[Macin]

Because they don't update it? They still list Danny Davis on their website. Probably can't afford to keep it maintained

[MVAGUSTA]

I give up. Good luck to all.

[LagunaRad]

The "canning" of the loser founder Danny Davis was disclosed in a recent 8-K. How the hell could anyone miss that?

[MVAGUSTA]

“If I know so much”? Does it bother you that someone might know something you don’t want to hear or do you know I’m wrong? I don’t care either way, I’m just curious.

Sounds like a great question for one of their sales people. Please let us know what you find out.

While you were doing in-depth website research, to prove me wrong, did it concern you that there was no mention, anywhere on their news page, or any other part, that they canned the founder and largest shareholder? You'd think that management might have thought it was material enough to inform its shareholders of material news. I’m sure they just forgot. Yes, I know, you can find it elsewhere on line.

Here’s the number: 800-605-3580

I appreciate your feedback. For you’re sake I honestly hope my read this all wrong.

[LagunaRad]

Why would their website still be selling cartridges, if you know so much?
https://shop.convectium.com/collections/cartridges

[MVAGUSTA]

You can thank me later. Have a nice day.

[food4thought]

That’s why there is a debate. People are questioning the information you are providing on a public forum. You have a very one sided view of this company but may have valid points that will be determined and proven true or not in the very near future. For my investment’s sake, I hope you are wrong. I’ll be doing some due diligence in the near future to substantiate some of your red flag claims. If proven, thanks for the heads up.

[MVAGUSTA]

Let's be clear on this. I'm not the least bit concerned with people disagreeing with my comments or agreeing with them. I only put them out there because this is supposed to be an investment board and what I've said are things people MIGHT want to consider. I'm not promoting one way or the other.

Playing the tables in Vegas is a crap shoot. Investing in companies, at least in my way of thinking, should be more than that. To each his own.

Companies close their doors because of faulty plans or poor execution. The lack of cash is a symptom of a bigger problem, it's not the reason for failure. It's what put you in this position that a company needs to fix. Same with spread, volume, etc. Those are symptoms of the same issue.

What is better for investors, always, and it's why the SEC exists, is to be open, honest and transparent. I predict the end of this quarter will show results that are in line with my observations. For everyone that's long, I hope I'm wrong but I have nothing to gain or lose on this. No reason to try and convince me of anything. You can consider what I say or ignore it. I'm good either way.

The question now should be would you buy this stock today, sell, or pass? We all get to make that decision on any holdings every day. No different here. The past, no matter where you might have gotten in, is irrelevant for all but tax reasons.

You are correct. Time will tell. I'd suggest this though, calling the company to see if anyone pics up might put your mind at ease or it might not.

Perhaps talking with an employee or a customer could do the same. The other guy already declared that I'm clueless. Let's just leave it at that.

Good luck.

[MVAGUSTA]

Though your points are spot on, I've learned the hard way that there a people on this board that would rather not believe the facts and just want to stick with a version of the story they like. Let's not let the facts ruin a good story.

[Macin]

I agree. The concerns I have for this company moving forward are:

Lack of vision. By firing the founder Danny, they lost their creative and cheerleading capabilities
They are far from being cash flow positive and may run out of cash before they get there.
Their main product was cartridges. They are now out of that business and are relying on filling machines and capping machines. The profit is in selling many low margin cartridges.
They have less than $500k with a burn rate in excess of $1.4M?
They are laying off staff and placing sales people on commission only plans.
The management team is terrible. They have no vision, they don’t understand the market, and the behavior the management team is displaying is discouraging.
They haven’t delivered. They lost their largest customers. Employees are afraid of their customers and have no faith in the management team.

The founder had a great idea, but the execution has been dismal

[Quintessence]

Convectium mentioned in this article about SING.

https://www.microcapdaily.com/stock-in-focus-is-singlepoint-incotcmktssing/124410/

[Quintessence]

The things that concern me are mainly:

1. Lack of volume
2. Large bid/ask spread
3. Market cap it quite high

I am on the sidelines for now, but might jump back in at some point.

Good to see more posting here. I am still following JKSM closely.

[food4thought]

I agree with you on several fronts. This is a crap shoot. What I don’t agree with you on is that companies provide false data all the time. Analysts and insiders can and do pump to dump low float stocks often for their own gain. It beats bankruptcy and small companies can limp thru penny land exchanges for decades.

What is better for investors....
A creative financing plan or closing the doors. So, diluting an investor is clearly better than handing them a sorry note.

I made a crappy investment in a company that looked to have a solid growth strategy in a booming cannabis sector. It was a Long shot, but it was and is a real product with, what at the time, I thought to be a top of the line model needed in growing market.

Volume is dreadful. Spread sucks. Nothing good to report. Time will tell. But to say the employees are all working for free food, happy hour drinks, and 4 hour vape breaks, sounds far more ludicrous than a company coming up with a creative funding plan to further their business operation. Time will tell.

[justavoice]

I will and you as well!

[MVAGUSTA]

You win. Enjoy our weekend.

[justavoice]

We going to talk fundamentals? simple
This company took capital, made a product, that product has sold nicely considering the size of the company.

With that said, they've been PR'ing, not their company, but their machines, and it's abilities non stop. It's worked/ing, that's shown by the sales in machine in 2018 being close to a million or whatever.

Now for the comment that people aren't using their cartridges, well that can't be right, they saw an increase in consumable sales in
2019 compared to 2018 in three months from $537k to $981k or 20k shy of a million..
this shows the companies who bought the machines are continuing, and increasingly buying their products, or the cartridges used for filling and so on.

Yea their machines sales dipped, but that's a big ticket item, and companies don't just throw down that money everyday. So they saw a dip in machine sales, but big ticket items are hard to predict, ask any car manufacturer.. I'm sure they will say the same. but as the market legalizes more and more and each state opens up recreational use as well, this company will be well established from there trade shows and providing these machines to some players in the markets already.

And they are doing all this without dumping PR left and righ, and actually if anything they would want to avoid the firing/resignation of a high level person cause it's usually not looked on well.

Yet they took that risk, all without ever dilluting more than they've needed to for their machine needs, as of yet (hey I can't predict the future, just make my best guess!)

Which again the report you can find on the OTC page for JKSM they state they did a redesign to fix some customers issues
Look up 10q here https://www.otcmarkets.com/filing/html?id=13434664&guid=jAYyUnG_srsyUyh soooo great use of capital, and a great way to ensure customers stay happy, example; We took your concerns into consideration *enter customer here* and did a redesign.... Sounds like great customer service, wouldn't be surprised if they offered discounts for customers who upgraded to satisfy anyone of them that had issues.


Soooo yea I mean unless I start seeing them pouring puff piece PR I have no reason to believe they are after my share money given this.

At the same time they show signs of being a company trying to grow as I've mentioned from MY understanding of the report and their growth and actions.

So say whatever you want man, it's cool, you don't have a fight here yet you seem pretty intent with creating one with me. I'm just using the financials to make my best guess at what the company will do

I mean hell I don't know they could decide to sell the company off and retire at the age of *whatever* or maybe they dilute, but nothing points to that, and I'm real big on trying to pick up clues with the information I'm given.
At least usually as I finally broke my attachment with my first love in stocks...

It is what it is