Jacksam Corporation (JKSM)

[Alanbean955]

So you spoke to a sales person who was nice and sent you information about the company? And this was several months ago? Based on their performance, and the cuts the company has made recently, it sounds like you were duped.

I live in Orange County near their offices. I am in the cannibis business and I purchased a Shark and many carts from them. The Shark I purchased had bent needles and other problems getting the machine to work. 80%, again 80% of the carts failed. They didn't fill correctly and most of them leaked. Also, most of the carts that survived a few days lost oil to the cotton used in the carts. Sure, Dom came over and worked diligently to resolve my issues, but the circuit board was broken and they had to order a new one from China, it took 4 months to get a new one and that was broken too. I returned everything I purchased from them, after listening to Danny yell at me and call me names for 30 minutes. Dom was great, Danny was a mess, Mark was ok.

I know most of their employees and have lunch with them frequently. I didn't call Lindsey to ask for sales information; I know her. She's awesome and loves what she does. She may believe there is hope for Convectium.

They fired Danny, the founder and the inspiration/vision of the company. Danny is the Steve Jobs of Convectium. Mark is the John Scully of Convectium. Mark brought in a lot of money, but has no vision; he's a robot. Mike is a nice guy, but has less inspriation/innovation than Mark. To prop up the stock, Mark has had to purchased hundreds of thousands of dollars of stock to keep it from sinking too quickly. He threw that money away. They had to borrow $500k to continue operations for a few more months at 15%.

Mark decided to only sell machines. While the machines may work well, most shops don't need machines that fill and cap 100 carts within one minute. They've burned bridges with all the big shops becuase Convectium couldn't deliver on custom carts. Sorry, but the model was to sell machines to support their custom carts. That model failed because they couldn't control quality control. The challenge they have is the margain from the carts is gone, and they can only sell so many machines.

So, yeah, they'll close their doors within three months.