Replies to post #7713 on Jammin Java Corp (JAMN)

[subslover]

Maybe they needed quick cash while fleeing to Mexico. lol

[wholelotamoney]

That was my first thought!
My second was Bro ;-)

Unregistered securities: In the Matter of Ironridge Global Partners, LLC, Adm. Proc. File No. 3-16649 (June 23, 2015) is a proceeding which names as Respondents Ironridge and Ironridge Global IV, Ltd. which was, until recently a wholly owned subsidiary of Ironridge Global Partners. Beginning in 2011, and continuing through early 2014, the two firms implemented a business model in which microcap issuers were solicited for a liabilities for equity financing program. Under the so-called LIFE program, Respondents acquired claims against microcap issuers which were then resolved through with unregistered shares under a state court order. Utilizing Securities Act Section 3(a)(10) , which exempts from registration shares acquired in a court approved exchange for bona fide outstanding claims, Respondents received and sold about 5.5 billon shares of stock, realizing about $22 million. The Order alleges violations of Exchange Act Section 15(a). The case will be set for hearing.

[Brophtron]

Ironridge hasn't owned a significant number of shares of JAMN for some time now. If you check the list of major shareholders, they don't appear. Other than Rohan and management, Straight Path Capital and Mother Parkers are the biggest holders of record.