Jammin Java Corp (JAMN)

[Brophtron]

How do you see JAMN as undervalued?

They have yet to turn a profit.
Their only real asset is the inventory they're holding, which I still think was a mistake.
They still have negative cash flow.
Sales went up 300%, but they're in 15 times as many stores as they were in a year ago; they should have had a much bigger sales gain for being in so many more stores.

They currently have less than $10 million in sales, but are valued at 4 times that amount. For a company with no profits, this makes no sense.

So in what way do you think they're undervalued?