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Did you notice the date of that PR? 4/27/2017 - almost 4 years ago. It was done when the last CEO, Chris Plant was coming to JAMN. And nothing ever came of it. No product was made, let alone distributed. Cannabis is only legal in about 3 states at this point. A cannabis based drink isn't going to generate that much revenue.
You have to go back about 4 years for that.
Shareholder Letter
I'm sorry to tell you, but the stock ticker "JAMN" has nothing to do with the coffee "Jammin Java" and no longer has any ties to "Marley Coffee" or the Marley family.
Investors should be aware that the company has no assets, owes the Marley family $2.5 million, has no products for sale and recently went through a mangement change, but very little information is known about who the management is or what they plan to do with the company.
Saying "Easy Chief" is condescending.
Yeah; you can knock of that condescending stuff.
Think about it. Why would Marley do a reverse merger with this?
What is in it for him?
How would it benefit him?
He has a successful business - coffee, cafes, etc. These things are worth millions.
So why would he give partial ownership to the people who own JAMN?
It's one thing if these people were giving him millions of dollars for these shares, but they're not - these people already own the shares. The shares are worth $20K.
What can you give me beyond "maybe"?
That's called a strawman argument. I never said that every price increase and decrease is a pump and dump, so for you to say that it's my logic is ridiculous.
You posted in this group in 2017, saying that according to the charts, the stock would take off either that week or the next. It's 2021. The stock never took off like you claimed it would.
The fundamentals since 2017 haven't changed:
There is no product.
There is no apparent leadership.
There is $2.5 million in debt for this company.
Even if they start now, JAMN wouldn't have a product on the shelf for at least a year and there's no indication that they have anything in the works.
An "investment report" suddenly gets listed, saying that JAMN is in the coffee business and is a leader in the business. This is exactly what happened 8 years ago when I first heard about the stock.
It's referring to the past highs and lows of the stock value and comparing it to current trends.
It's factual and current.
Posts should be factual and current.
Where is the "pump"? Look at all these posts suddenly from people who never had an interest in this stock before.
Look at the posts talking about this being a coffee company.
Look at the posts talking about the Marleys.
Look at the pinned post asking if the "research report" was "real".
I don't see it happening.
They owe the Marleys $2.5 million.
They have no product.
They have no distribution.
They have no assets.
They have no plan.
I just don't see what they could do at this point.
OK; you say that I was "always negative", but was I right?
JAMN's sales were growing, but they completely lost control of expenses.
They had decent distribution, but their sales-per-location were terrible.
Now the company doesn't have any products for sale, and their management is questionable.
I don't see any value in this company.
I'm sorry to tell you but "JAMN" and "Marly Coffee" are 2 completely different things. JAMN hasn't made coffee, or any other product for that matter, for several years now.
They had a CEO who did nothing for a couple of years.
There has been a change in management, but very little information about them.
JAMN owes the Marley family $2.5 million at this point.
It's important to understand what you're investing in.
One question on the "investment report".
The investment report summary talks a lot about coffee companies and lists JAMN.
But JAMN isn't in the coffee business; they haven't been in that business for several years. They have no source of coffee beans; they have no roaster; they have no baggers; they have no distribution.
So what is in this report?
9 years ago, there was a very similar report, called the "Lautner Letter". They advertised on the Yahoo message boards and that's where I first heard about this company.
With the report, the stock price went through the roof - from pennies up to $6 per share. JAMN talked about how they "sold out" when they first sold on Amazon; then it was revealed that the sale was only $1,000. Not a misprint - the amount you'd pay for a decent laptop. They increased distribution, but only sold $48K - about the price of a nice car.
Read up about what experts had to say about JAMN at the time.
Motley Fool on JAMN Lautner Letter
That tells me that the company that wrote the report didn't do any real research. JAMN hasn't been in the coffee business for several years now, and there are no public plans for them to get back into the business.
Jammin' was never a "top player" in the coffee business as it was. It took several years for them to build a following and they would be starting from scratch, even if they wanted to get into the business.
There is literally a link on the OpenPR page to delete the press release - it would just cost 10 UK pounds to do that.
Why do that if they knew something before everyone else?
Well, the main reason is a little thing called insider trading, which is quite illegal.
That's true. There's not much
Why would TBEV volume have anything to do with JAMN? They don't do anything with JAMN and their own stock price has been terrible?
JAMN never owned Marley Coffee.
Did you read the story? Look at the URL.
The URL literally says that the former CEO was charged in a 78 million dollar pump and dump scheme!
By the time the story came out, JAMN had stopped paying the license fee to use the name "Marley" and the Marley company severed ties with the company.
$12.3 million in revenue? 4 years ago that was the revenue, but after they lost the license to the Marley name, the revenue went to $0. They haven't filed financials in 4 years now!
New CEO? We got a new CEO 4 years ago. A real estate broker in Colorado who did nothing with the company and wouldn't return e-mails or answer calls. There's no indication that anything has changed.
Sorry to tell you, but that isn't made by or sold by JAMN. JAMN lost the rights to use the Marley family license several years ago.
They have no product on the shelves.
Their last financials are from 4 years ago. They may have had some small sales slightly after that, but they stopped publishing financials.
Any money they did make is forfeit to the Marley company - that was decided in a court case.
No sales, no assets, no license, millions that they owe.
The shares are being traded on the market. No money from these trades is going to JAMN. There's no indication that any money has gone to JAMN.
When it was priced at .0003, the market cap was $22,900. If you buy more than 5% of it, you have to fill out paperwork; you become a major shareholder. So the most anyone could buy of this is $1,000. So yeah, someone could make $1,000, but there were people who bought at .0006 and lost half their money today.
The company has no products.
The company hasn't filed financials in 4 years.
Without some actual announcements, this is a pure gamble.
But why?
Who shorts a stock priced at .0001?!
The problem is
But if you bought for .00012 and sold for .00008, both of which show up as .0001, you could sell for a loss.
And someone buying in for $4,000 is in theory buying 20% or so of the company, in which case they should be filing paperwork.
It's not really clear - the market value that shows up is the price times outstanding shares, but if the shares aren't correct, the price would have to be adjusted. Shares bought for .0002 would be worth .0001 if the shares were found to be doubled.
A Twitter account started in April.
A pic of the document filed with an old address.
A statement of them selling MarleyCoffee on Amazon, which is just wrong.
Did you notice the address that's used on that? 4730 Tejon in Denver. They haven't been at that address since 2016. Use Google Maps street view and look at the sign in front of the building - you can use the tool in the upper left corner to see the same building in prior years when the Google map car has passed in front of it.
Something was filed electronically, but that address isn't valid.
Marley Coffee you see on Amazon is from Rohan's private company. I don't know of any products that JAMN is involved with.
Where did you see that they're selling on Amazon? They don't have the rights to Marley Coffee and they can no longer user Jammin Java. The CEO has done nothing public for a couple of years now - he would have had to bought beans, found a roaster, gotten packaging designed, etc. With a $2 million lawsuit, I don't see any of that happening.
Toevs confirmed in a Tweet on April 27, 2018 that he is not involved with JAMN anymore.
Happy Harrington
@KingHap
·
Apr 17, 2018
Replying to
@BTCoffee55
Do you still work with this company? Not seeing it much? JAMN has almost disappeared? Was really great coffee!!! Gone down hill since you left the company.....
@jamnjavacoffee
Brent Toevs
@BTCoffee55
·
Apr 17, 2018
I have had nothing to do with them for 16 months
New JJ fracs and 2 lb are in, look great, taste better! pic.twitter.com/t9DEdHQ8sG
— Brent Toevs (@BTCoffee55) April 11, 2017
I can't really agree with you here. This seems like a lot of speculation. Do you have anything to support your position?
I read your earlier post regarding the Straight Path trial and you didn't really have a grasp on what was going on there, so I don't have a lot of faith in your assessment now.
MP and Marley Coffee are both private companies, but I would be surprised if MC just giving MP $2.5 million to make up for the loss. There was no record of MP selling off the shares in the time of financial reporting, so my best guess is that MP took the loss.
Mother Parkers is roasting for Marley Coffee, not JAMN. After losing $2.5 million in the stock purchase for JAMN, I don't think MP will ever work with JAMN again. TBH, I'm shocked that they're working with Marley Coffee, but I don't know the details.
Nobody sold and nobody bought. There was almost no interest in this stock.
What do you think has been updated on that page? There is lots of information that is completely out of date.
60 million shares might have been on the bid, but do you know how many shares traded today? 200. Not 200 million. Not 200 thousand. 200 shares. At the current price that amounts to 2 cents worth of trading.
It does no such thing. What Rohan and the Marleys do with Marley Coffee has nothing to do with JAMN.
JAMN has no product; they have no sales; they haven't filed their financials in 2 years.
People may buy JAMN because they think they're still involved with Marley, but right now I don't see any value in the company.
I agree; this has nothing to do with JAMN, but honestly, I'm shocked that MP would want to deal with Marley after losing $2.5 million in their stock deal.
Did you visit that Web page? Read the notice on the copyright for the page - Fifty Six Hope Road - that's Rohan's PRIVATE company; it has nothing to do with JAMN.
The text you read about "doing business as Marley" is old - it was written by the old team. The new CEO probably doesn't even know that the OTC page is out there.