Replies to post #688 on Jacksam Corporation (JKSM)

[Quintessence]

The things that concern me are mainly:

1. Lack of volume
2. Large bid/ask spread
3. Market cap it quite high

I am on the sidelines for now, but might jump back in at some point.

Good to see more posting here. I am still following JKSM closely.

[Macin]

I agree. The concerns I have for this company moving forward are:

Lack of vision. By firing the founder Danny, they lost their creative and cheerleading capabilities
They are far from being cash flow positive and may run out of cash before they get there.
Their main product was cartridges. They are now out of that business and are relying on filling machines and capping machines. The profit is in selling many low margin cartridges.
They have less than $500k with a burn rate in excess of $1.4M?
They are laying off staff and placing sales people on commission only plans.
The management team is terrible. They have no vision, they don’t understand the market, and the behavior the management team is displaying is discouraging.
They haven’t delivered. They lost their largest customers. Employees are afraid of their customers and have no faith in the management team.

The founder had a great idea, but the execution has been dismal

[MVAGUSTA]

Let's be clear on this. I'm not the least bit concerned with people disagreeing with my comments or agreeing with them. I only put them out there because this is supposed to be an investment board and what I've said are things people MIGHT want to consider. I'm not promoting one way or the other.

Playing the tables in Vegas is a crap shoot. Investing in companies, at least in my way of thinking, should be more than that. To each his own.

Companies close their doors because of faulty plans or poor execution. The lack of cash is a symptom of a bigger problem, it's not the reason for failure. It's what put you in this position that a company needs to fix. Same with spread, volume, etc. Those are symptoms of the same issue.

What is better for investors, always, and it's why the SEC exists, is to be open, honest and transparent. I predict the end of this quarter will show results that are in line with my observations. For everyone that's long, I hope I'm wrong but I have nothing to gain or lose on this. No reason to try and convince me of anything. You can consider what I say or ignore it. I'm good either way.

The question now should be would you buy this stock today, sell, or pass? We all get to make that decision on any holdings every day. No different here. The past, no matter where you might have gotten in, is irrelevant for all but tax reasons.

You are correct. Time will tell. I'd suggest this though, calling the company to see if anyone pics up might put your mind at ease or it might not.

Perhaps talking with an employee or a customer could do the same. The other guy already declared that I'm clueless. Let's just leave it at that.

Good luck.