Replies to post #7592 on Jammin Java Corp (JAMN)

[Dallas-Cowboys]

"From a corporate perspective, we're fully aware that being a sub dollar company traded on the OTCQB makes it difficult to bring in more analyst coverage and get institutional buying. It is our goal to look to qualify to uplist to Nasdaq or NYSE-MKT within the next year."

To me this is a big thing if they can pull it off, what is the lowest stock price to qualify for the two exchanges $2.00?

[Brophtron]

Interesting read, obviously.

A 1% share of the market share of the market is about $50M in gross revenues.

share of the market share of the market?! Does anyone proofread this before it goes out?

we are currently in negotiations to sell off the operations previously acquired from Black Rock Beverage, which we operate as a local OCS route distributor, to a larger local OCS company in the Colorado region.

I said at the time that it was a bad purchase that wouldn't go anywhere.

"From a business perspective, over the next three years our goal is to expand our domestic grocery distribution and fill the gap of 36,000 retail grocery stores and 10,000 other retail outlets

They're already in the major chains, so they have 2 areas where they can expand - Walmart, which they can't afford to be in and smaller chains, which will be a lot of work and will increase their shipping costs.

we're fully aware that being a sub dollar company traded on the OTCQB makes it difficult to bring in more analyst coverage and get institutional buying. It is our goal to look to qualify to uplist to Nasdaq or NYSE-MKT within the next year."

I don't see this happening.

Additionally, we have entered into an unsecured Revolving Line of Credit, which allows us the right to borrow up to $500,000 from the lender from time to time. These financing options, as well as certain other financings the company is in discussions regarding, should give us the ability to continue our operations for the next 12 months while still investing in our growth.

Last quarter, they went through $670K in cash; they have $72K left, so that's about 10 days worth of cash, though we're 45 days into the current quarter. They already have $300K taken out on the note that they have, so how are they going to pay it off? Even if they got all their receivables today and put it towards their payables, what is left is still 30 times the cash they have on hand.