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Don't know who would buy at Walmart did you see One Love 12 capsules for $16.57 regular price of that is $9.99
You have to remember when Starbucks came out they really only had to compete with the Folgers and Maxwell Houses of the world and offered a different alternative coffee experience. Now coffee companies saturate the marketplace. It is extremely difficult to take market share away, don't get me wrong I'm all for MC just don't think it is going to be easy path.
We all know how a reverse split works, if you read my comments most companies that reverse split their stock price retreats. Usually a company R/S because they are in trouble of being delisted, although that would not be the case here. Most Major Institutions, Mutual Funds etc. charters are for a stock to be over $5.00 but that is not the only criteria. Most would not touch Jamn even if it is at $5.00
I think the biggest thing that scares me in the Investor Presentation that Lucky posted was the last page.
Corporate
• Reverse split - split shares to qualify to uplist to Nasdaq or NYSE-MKT
• Swap retail investors to institutional investors to create stability
• Start talking to institutional investors
Reverse splits always scare me because, stocks seldom go up they usually sell off with the price higher. I would rather see a company grow into their stock price rather than reverse split. I know they would have more people looking at them in the Nasdaq or NYSE. Hopefully if they ever do this one, they are profitable second, they are growing at a higher clip than currently. IMO
Lucky
"Hope they announce a deal to merge with SBUX!"
If your in this stock for this, you're going to be disappointed IMO
I wonder if these two are still there?
"DENVER, Dec. 12, 2014 (GLOBE NEWSWIRE) -- Marley Coffee (OTCQB:JAMN) (www.marleycoffee.com), the sustainably grown, ethically farmed and artisan-roasted gourmet coffee company, has appointed Christopher Gilmore to Director of National Accounts, and Penny Andino to Director of Marketing. Mr. Gilmore will oversee the Company's grocery channels and national accounts, reporting to the Senior Vice President of Sales. Ms. Andino will oversee Marley Coffee's consumer marketing initiatives, reporting to the CEO and President."
I'm not sure about Russ Stange but we know Mamos is doing a good job he was recently promoted.
"DENVER, Sept. 9, 2013 (GLOBE NEWSWIRE) -- Marley Coffee (OTCQB:JAMN), (www.marleycoffee.com), the sustainably grown, ethically farmed and artisan roasted gourmet coffee company, has appointed two industry veterans to director roles within the company's sales force. Effective immediately, Russ Stange will serve as Director of Sales-West Coast and Chris Mamos will serve as Director of Sales-East Coast."
I couldn't find the Chris Hopkins PR & still don't know if he is still there
Alstocks wasn't Chris Hopkins (not sure on name) in that role before? I wonder if he was fired or just demoted.
From their website and Facebook page it looks like an upscale restaurant.
Finally a PR out about a restaurant Milestones of Canada 50 of them are going to serve Marley Coffee. Below is a excerpt about espresso-based beverages being served. Do you think their talking about espresso coffee or the cold beverages like the Korean coffee shops are serving. Do we know if MC is getting revenues from the cold beverages? It is good to see them getting into a restaurant chain, hopefully just a start with many more, along with fast food, convenient stores etc.
"To complement Milestones’ menu of expertly crafted recipes, guests will be able to enjoy Marley Coffee’s Lively Up! espresso roast for drip coffee and espresso-based beverages and Simmer Down, a Swiss Water® Process decaf. These offerings are all certified USDA Organic and Blue Ribbon Kosher Certified."
Amen
As I said all along get MC into restaurants,fast food, convenient stores etc. There has to be plenty of places where their coffee sucks.
Problem is they can't afford money to partner, so it would have to be a deal like Korea and just sell the coffee which is something. At least they would get revenues, but the best part would be brand recognition. I'll go for that!!
You know I'm all for charities, but just seen on Marley twitter "In NotreDame proceeds go to charity, other proceeds go to waterwise etc. When do they go to the bottom line?
I think that is the same reason Office Depot took it off the shelves, nobody goes in there for coffee. Now they may buy some while there in there but I would say that was minimal. I think they do still have on web site not sure.
I wonder which account they lost?
"The increase in total cost of sales was mainly the result of a $190,946 return of discontinued items due to one of our distributors losing a large account."
You know I don't want to be negative you all know how long I've been in Jamn and will continue. I get the sense everyone thinks that when this company turns profitable the stock will soar. I think it needs a lot more than profitability for the stock to rise. Marley coffee's brand has to become well known. Revenues need to grow Q to Q with a lot greater clip than they are now. Being in grocery stores is one thing (ever seen how many coffees are in the isles) they need to get in a fast food or convenient stores. Man this is good coffee where do I get it. Somehow they have to get some seed money say 20-25 million so they can do some real advertising. I know nobody wants to increase shares (dilution) but hey for some real money it would be worth it if they can increase revenues and in turn earnings per share. Getting $250,000 here or there doesn't do anything except for day to day expenses. I don't know the answer by any means just throwing some things out there, do to the SEC instead of suffering at .17 to .18 cents were at .13 to .14 for the unforeseeable future. Happy Thanksgiving everyone!!
Today or tomorrow the company better come out with a PR
"The SEC’s complaint charges Jammin’ Java, Whittle, Weaver, Sun, Berlinger, Wheatley, Miller, and Al-Barwani with conducting an illegal offering in violation of Sections 5(a) and 5(c) of the Securities Act of 1933. The complaint further alleges that Whittle, Weaver, Sun, Berlinger, and the Hunters violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, and Whittle, Weaver, Sun, and Berlinger violated Section 13(d) of the Exchange Act and Rules 13d-1 and 13d-2. Whittle is additionally charged with violating Section 16(a) of the Exchange Act and Rule 16a-3, and the Hunters are charged with violations of Sections 17(b) of the Securities Act, which prohibits fraudulent touting of stock."
Not sure what this means with Jamin Java being in the complaint whether it is mention because it was their stock or if the company actually did something wrong. I guess one good thing is Rohan Marley is not charged.
Evidently it took that long to make the case. You have to wonder if Rohan knew about this and if he didn't he should have. Remember months back Whittle was sueing Jamin Java and later the case was either dismissed or settled out of court. Hopefully Jamin Java didn't pay this guy anything.
Jamin Java Corp is still implicated in the proceedings. This is dead money until and if Jamin Java is cleared.
Where do you live in Indiana, I grew up in Brownsburg a suburb of Indianapolis
I'm not good at reading the financials, just wondering if anyone knows if Jamn breaks out what they make per real cup and what it costs to make. I know from PR's Jamn only makes I believe 2-3 cents per cup (everything except blue mountain)and 4-5 cents for blue mountain through MP sells in Canada. Which to me doesn't sound like much.
Isn't this the same announcement that came out on Oct. 23rd
Lets hope they may need it
Remember everyone, management and their employees are compensated mostly thru stock options, so it is in their best interest to have the stock price rise.
A buy out has been mentioned here before in the past, I just don't see it happening. I can't see Rohan and the Marley family allowing another company to control Jamn using the Marley name without the Marley family. I don't know if they could stop it or not, but if they could they would. IMO
True just saying, but trust me the BP station down the street from you is selling a lot more than just gas. Just like Starbucks is selling a lot more than just coffee, and probably at pretty high margins.
Lucky thanks for the link those Marley Coffee houses definetely look upscale. Too bad Jamn doesn't get any profits from them other than coffee sales. Oh well lets hope they do good, they will get the Marley coffee brand out there, that is important. Not sure if they already have or not but, they need to get distributors into the grocery markets.
Maybe that is why the 10Q is late too much to count :)
I have to agree. IMO this stock will not move up just because ECO cups are hitting shelves. The only way this goes north is when revenues grow, the brand is well known, they get it off the organic shelves and into the standard coffee shelves. It maybe on some standard shelves but I know in Kroger it is not. My soap box again, Marley Coffee is not a household name and of the people that do buy and follow it, 90% of them has no clue who Jamin Java Corp is about. It is hard enough to get people to buy penny stocks much less one that nobody knows about. It is going to take time, and filing another 10Q late does not help!!
Let's hope cause Eco-Cups aren't getting them to 17 mil this year.
Agreed, but like I have said in the past it would really be nice to see MC in say McDonalds, Burger King, Arbys, Seven Eleven ....etc. I know a lot of them have their own brands, but there have to be some big boys that need upgraded to a premium coffee. I can see it now standing at the counter ordering and seeing!!
MARLEY COFFEE
ONE LOVE
TALKIN BLUES
SMILE JAMAICA
BUFFALO SOLDIER
etc
etc
etc
Does anyone know who takes the hit on the sale price, MC or the retailer?
I don't know 2 of the 3 companies you mentioned CDE & LH. Just looking quickly at CDE & LH they have 630 mil and 7 bil in revenues a little different story than MC of course I don't know their story back then. Priceline I believe is a whole different story they were caught up in online stock blow up in early 2000's. They also have William Shatner, and even a 80 yr old woman has probably heard of Priceline. R/S might work for some companies but I bet they were all ready fundamentally okay. People won't buy your stock if they haven't heard of it and I feel that is the case with Jamn. I would bet over 50% of the people that drink Marley Coffee have never heard of Jammin Java Corp. Just My Opinion
Lucky, I for one, will have to disagree with you on the R/S, in the most part companies that do this, are desperate. In most cases they do it to keep from getting delisted from the 2 major exchanges. To me it just allows the stock to decay even more. MC needs to generate higher revenues, become profitable, increase brand awareness etc. Until they do this the stock is going to languish. Big institutions in general don't invest in OTC stocks even if their above $1 to $2 dollars per share. If that is managements plan to R/S in order to up-list I will take my losses the day it happens.
I understand you're right if they say there available the first place should be their website
Not sure why anyone would buy from the Marley website when you can get it cheaper through Amazon and they usually have free shipping. I'm talking Real Cups I don't buy bags.
24 count
One Love
Smile Jamaica
Mystic Morning
Marley website
$19.99
$25.99
$19.99
Amazon
$17.99
$19.99
$15.99
Yeah when I replied I wasn't really thinking of the Eco Cup just the Marley real cup in general. Hopefully the Eco Cup will generate interest, I believe different geographic areas are more in tuned to the green effect. That is why MC was smart to do their tour in California.
I don't know about the bags but the 12 count real cups go for $9.99 and smile jamaica even more. Most other Kcups go for $7.99 or less. I'm not saying it is not worth it, just making the point in general most shoppers at discount retailers won't pay the extra $2.00 IMO
I agree but the problem with Target & Walmart is the shoppers aren't really geared towards organic premium coffee. They are usually looking for low priced items, and lets face it Marley Coffee doesn't fit that bill.