Jacksam Corporation (JKSM)

[MVAGUSTA]

They didn't put up new management. The CEO and CFO have been there from the start. They ousted the founder. Not sure what happened there but this is the same management that got them into this mess.

Check out their product sales numbers. I can't draw the conclusion that there a lot of their machines out there. It's often what you don't see that tells the story. You can't tell how much of their sales were pens vs machines. Even if you make the assumption that their technology was decent, any reasonable assumptions you make on the revenue split would cast doubt that there are a lot of their machines out there. Permeated the market it a stretch at best.

Do your homework. Float, etc, doesn't mean a thing if the fundamentals don't exist. Even if you assume their product is good, the management team doesn't seem to be able to deliver.

I'll look at this again once see that the board has acquired a management team. How do you attract someone into this mess when you have a cluster on your hands and no money to hire solid talent?

Without management, no matter how good the technology might be, investment funds will go with the other hundreds of options in the sector.