Jacksam Corporation (JKSM)

[justavoice]

Pulled from their 10K

So why would BK come before raising extra capital?

The shares are over a dollar right now, I'm pretty sure they could sell shares if they want ..

The main thing is they aren't, at least not unless things get bad, but they seem to be trucking along fine at trade shows which leads me to believe they are doing quite well for themselves without worrying too much about sell shares.


The Company may experience a cash shortfall and be required to raise additional capital.



Historically, it has mostly relied upon convertible notes payable and cash flows from operations to finance its operations and growth. Management may raise additional capital by retaining net earnings or through future private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders.