Jammin Java Corp (JAMN)

[Brophtron]

But JAMN has not paid in cash. Every one of the earlier loans was converted to stock.

And while revenue might be close to $3 million per quarter, 3/4 of that is COGS. Subtract that out and you've got $750 K of gross profit. Subtract out rent, salaries, marketing, etc., and you have a serious negative each quarter.

In 3 weeks we'll get the annual report and 6 weeks after that the next quarterly report. I think we're in for some very bad news.