James Maritime Holdings Inc. (JMTM)

[fink]

JMTM 4.4m o/s became Yield sign current
But that spread
Anyone have a clue what the actual float is?
A spread like that tells me it’s a few 100k
It definitely keeps volume away..
This is one of those sit on the BID for months untill news hits..

Sweet Hemp Alabama! I like that.
$8m market cap? Does this make money.,

[Jerm17]

Yea I’m with you, I been loading the bid every chance I get the last few days.

Just because EJ donates food to a good cause doesn’t mean that is their entire business model. That part might not generate revenue but they also manufacture farming equipment and sell produce commercially. Estimated revenues for last year were over $4 million if my memory serves me correctly.

Here is a quote from the news article posted a few days ago:

“The company manufactures High Tech Farming machines and grows food to combat child hunger & malnutrition, as well as sells fresh fruit & vegetables commercially.”

Remains to be seen what Sweet Hemp Alabama’s role is in all this, but I’m in for Ellis Jaxon either way. Especially with this low of a market cap

[lumpy9200]

Hey JB,
Thanks for your reply. Very interesting points you bring up. With the crazy low O/S, I think I'll hold for a while and see how things shake out. I've had "can't miss" stocks with big revenue fall apart on me, so maybe the Ellis Jaxon model will surprise everyone :)

Have a great weekend,
G

[JBGoode]

Hi Lumpy! It's not that I don't think the merger is real, it's more that I don't think the Ellis Jaxon company can actually create any revenue (or is in their current organization).

A quote from the Ellis Jaxon farm website:

"THANK YOU for participating in our social experiment! We believe that most people have goodness within them and will do the right thing if given a chance. So, we sincerely believe we will not lose any money with our business model despite having NO PRICES."

A. Referring to your own business as a "social experiment" doesn't sit well with me. I read that as "we're not bankrupt yet, don't have a plan to not be bankrupt, and think it'd be great if we didn't go bankrupt. Ignore that the spreadsheet shows only expenses with no revenue."

B. "we sincerely believe we will not lose any money with our business model..." Ok... so they can't prove the business model works. i.e. they're either losing money or guaranteed to lose money in the future.

All this to say, best as I can tell the company should be valued at about the value of that single semi trailer shown on their website. I'm guessing that's even been used as collateral for a loan somewhere.

[Jerm17]

This seems like one of the most legit RM’s out there. I got in on the Ellis Jaxon profile update on OTCM, but the news released the other day confirms that this is much bigger than just Ellis Jaxon.

Sweet Hemp Alabama is icing on the cake. Once word gets out about this it will fly. I been quietly loading as much as possible without slapping all week. Not many dumps into my bids but got a few fills so far. I hope it stays quiet a little longer to be honest ;)

[lumpy9200]

Hey JB,

I'm curious, do you not think the merger with Sweet Hemp Alabama is real? It seems real to me, though it's crazy how this stock can have no volume for entire days. I only got in a few days ago, and was surprised to see you here. I never see anyone from the EDXC board on other boards.

Best,
G

[am16401]

lmao its not a pump and dump when its actually a merger with a verified company. Just because people in the otc don't see the value yet doesn't mean it was a pump and dump lol. people in this market still blindly slap pos tickers that are being heavily diluted and have pending rs or offerings for no reason other than someone on a message board or twitter told them so. Those are pump and dumps.

[JBGoode]

I'd suggest this was a potential P&D except there's not enough volume for a dump. Still, glad I cut losses here, had several other plays.

[halbroke1]

JMTM $$$ ABOUT TO EXPLODE ..BIG NEWS YESTERDAY...WATCH FOR $5.00+ TO COME FAST, SO CRAZY THIN ..

[retireat40]

It's now $1.88 lol

[JBGoode]

Same for me, I cut losses earlier today to free up funds.

[WARHAMMER]

Very nice TY

[WARHAMMER]

James Maritime Signs Agreement to Acquire Sweet Hemp Alabama

AUTAUGAVILLE, AL / ACCESSWIRE / September 3, 2019 / JAMES MARITIME HOLDINGS, INC., (OTC PINK:JMTM) signs a binding agreement to acquire 100% of the stock of Sweet Hemp Alabama, Inc., and a co-branding, distribution & marketing and licensing agreement with Ellis Jaxon Global Holdings, Inc. DBA Ellis Jaxon Farms.

About Sweet Hemp Alabama, Inc. and Ellis Jaxon Global Holdings, Inc.

SWEET HEMP ALABAMA, INC is a fully integrated hemp company that is a grower, processor and supplier of Industrial Hemp grown and produced in the State of Alabama. Notably, Sweet Hemp Alabama is the leading farming technology company that will implement the use of 40' shipping containers for mass production of industrial hemp, with consistent quality and scientifically predictable methods year round. For more information: www.sweethempalabama.com

ELLIS JAXON GLOBAL HOLDINGS, INC., DBA ELLIS JAXON FARMS is a public benefit corporation. The company manufactures High Tech Farming machines and grows food to combat child hunger & malnutrition, as well as sells fresh fruit & vegetables commercially. The machines are built and housed within a 40’ shipping container and operate under controlled-environments that yield the highest quality, locally-grown fruits and vegetables such as strawberries, lettuce, tomato, green or bell peppers, cucumbers utilizing breakthrough technologies.

The relationship of Sweet Hemp Alabama and Ellis Jaxon will allow us to be a strategic player growing, harvesting and then retailing products both in the organic food markets as well as the fast-growing hemp and CBD market.

For further information visit our website: www.ellisjaxonfarms.com or info.ellisjaxonfarms.com.

Forward-Looking Statement

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports.

CONTACT:

Kip Eardley
info.ellisjaxonfarms.com

SOURCE: James Maritime Holdings, Inc.

[am16401]

NEWS just hit https://www.otcmarkets.com/stock/JMTM/news/story?e&id=1427240

[WARHAMMER]

I think news will get the ball rolling fairly well.

[WARHAMMER]

geez, I guess we just need to be patient. no reason for this dip imo.

[lowfloatmaster]

yep i know

[retireat40]

Now $1.50 on the ask and NO ONE buying...

[retireat40]

Bad buy here for me...watching this drop while multiple other plays are running wild.

[retireat40]

So far...phbtttt

[retireat40]

Spread here sucks...

[JBGoode]

Morning all! Hoping for a pickup in volume this week. If we get interest this flies.

[halbroke1]

JMTM $$$$ MONSTER EXPLOSION COMING !!!! LOOK OUT ABOVE NEXT WEEK !!!!, MIGHT EVEN SEE $20.00+ WITH MORE NEWS.

[retireat40]

Reading over the weekend that revenues were $4.2 million last year. Earnings probably 500k. With a P/E of 10 you’re looking at $10 per share. I’d say this is quite undervalued.

[WARHAMMER]

Agreed. Me too

[retireat40]

Especially b4 a long holiday weekend. I'll be done for the day soon. Looking forward to next week.

[WARHAMMER]

Typical Friday

[retireat40]

Too many selling on the bid today...looking to chase other runners.

[WARHAMMER]

JMTM some bids moving in

[Convive]

Just need some minor volume and we’re over $5. Call the whales!!

[Convive]

Let’s get this moving!!!

[retireat40]

Someone got impatient and wanted to chase the next runner smh.

[JBGoode]

Minimal volume pushes this to $3 easy today.

Every board I look at today seems dead. People must be leaving for the long weekend early. Might see an uptick in volume next week after the holiday.

[JBGoode]

Don't even need a whale at this point, $5k pushes us above $5 IMO. $JMTM

[WARHAMMER]

that's all that's needed-- any whales out there?? lol JMTM

[JBGoode]

THIN L2 through 3's. Minimal volume pushes this sky high!

[WARHAMMER]

I know. Just needs some awareness imo

[JBGoode]

With such a low float if we see half of yesterday's volume we might hit $5+ today.

[WARHAMMER]

Yes. For sure

[lowfloatmaster]

50K-100K FLOAT IMHO

[WARHAMMER]

I’m starting to think it’s about 75k or so.

[lowfloatmaster]

FEELS LIKE 50K FLOAT .. ROCKET FUEL

[WARHAMMER]

This one is dam thin, incredible

[lowfloatmaster]

FAIR VALUE IMHO 25 PLUS... BUT WHAT DO I KNOW ..LOL

[lowfloatmaster]

IF I SEE ANY OF .THOSE 1.30- 1.70S IM GRABBING THEM ALL.. BUT I DONT THINK WE DO IMHO

[halbroke1]

JMTM $$$ WONT TAKE MUCH TO SEE $10.00+ COULD HAPPEN TODAY !!!

[JBGoode]

Should be interesting to see if volume increases leading into the holiday weekend or dies off.

[WARHAMMER]

It went up 600% on what 23k in volume? I agree float is right at about 100k.

[lowfloatmaster]

IF REVENUES ARE 12 MILL , THIS SHOULD BE 50 WITH FLOAT .. 25 MILLION ... IMHO

[retireat40]

Yep...IF revenues are in the $12 million range, the pps needs to be about $24 to get a market cap of $12 million lol.