Jammin Java Corp (JAMN)

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JAMN 8K and the Quarterly report mentions the Court Settlement JAMN is required to pay. Wonder how much of the $371,324 settlement has already converted into the O/S? I don't have my Calculator handy, but that is around 800 Million shares at .0004 range. If those shares have been dump already, a bottom should be coming here. If not, know ones really can tell then. Plus they still have some court proceedings going on, those could mean more shares being handed out in settlements.




On February 22, 2017, the court granted the plaintiff’s summary judgment against us in connection with the plaintiff’s termination of the Short-Term License and that such termination of the Short-Term License was valid July 21, 2016, and requires us to pay $371,324 in unpaid royalties. These royalties have been accrued and are included in liabilities of discontinued operations on the consolidated balance sheet as of october 31, 2016.
 
Notwithstanding the above, there are still some pending motions open relating to the case, of which we cannot predict the outcome. We are currently in negotiations with 56 Hope Road regarding a settlement structure that will allow us to move forward, though no assurances can be made on whether or not settlement terms can be reached, or if reached, whether they will be favorable to us.
 
Intangible assets primarily relate to our License Agreement with 56 Hope Road. The License Agreement had been amortized using a life of fifteen years since its inception. The Company believes that the license with 56 Hope Road is still currently valid and continues to operate as such. Management, in consultation with its legal team, do not believe the license is impaired until such time that the license has been evacuated from a legal perspective.
 
License agreement, net consists of the following:


https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11984912