Nelly Shishkova

Jammin Java Corp. (OTC:JAMN) Continues the Fall

by Nelly Shishkova December 2, 2011

Jammin_Java.jpgAccording to the 10-Q of Jammin, as of July 31 this year the company had more assets than liabilities in its balance, though its accumulated deficit exceeded $1 million. JAMN managed to generate some revenue, however, its expenses and net loss substantially increased. Besides, the financial report contains numerous risk factors that can influence the business of JAMN.

Despite these facts, Jammin anticipates using the funds received from Straight Path to meet its capital needs for the remainder of fiscal 2012. However, in future, JAMN may be required to seek additional capital by selling debt or equity securities, which may result in dilution to their shareholders.

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