Nelly Shishkova

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

by Nelly Shishkova December 2, 2011
Jammin Java Corp. (OTC:JAMN) has been moving down for a couple of days. The fall started on Wednesday and yesterday JAMN_chart5.pngthe stock lost the next 2.94% on an increasing traded volume.

What is interesting here is the fact that the price fall started on the day when Jammin released some positive news on its business. On Nov 30, the company reported that Marley Coffee has expanded distribution in Northern California with two leading retailers, starting this month.

The news should have inspired investors, though instead of cutting off the loss JAMN stock price kept falling down. Whether the downtrend will continue today should be seen shortly.

Jammin Java Corp., a development-stage company, focuses on providing premium roasted coffee on a wholesale level to the service, hospitality, office coffee service, and big box store market in the US. In mid-May, the stock price jumped over $5.00 per share, however, since then it has reached $0.300.

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.

Comments 10

1. lily_blur
December 07, 2011, 07:52AM

Quotes Thanks Guest, with this info you saved my money. I was looking for a good pick to add to my portfolio. Since September SEC is making an inquiry to find out whether JAMNJ or any other party participated in a “pump and dump” scheme... Even if the company has nothing to do with this, the share price mirrors the event. Do you have any news to the the topic?

2. luca.connor
December 07, 2011, 07:33AM

Quotes Have you seen the price chart of JAMN? This stock is sinking, be careful!

3. Guest
December 06, 2011, 01:29PM

Quotes I was referring to JAMN stock, not Whole Foods. There is definitely no acquisition in JAMN's future. With regards to the SEC investigation, look back at their news release from September.

The bleeding on this stock hopefully stops one day soon. I feel like it's getting manipulated down just like it did on the way up.

4. lily_blur
December 06, 2011, 08:35AM

Quotes What do you mean with the SEC investigation status?

5. luca.connor
December 06, 2011, 08:26AM

Quotes Which stock price you mean, this of Whole Foods Market, Inc. (NASDAQ:WFM) or this of Jammin Java Corp. (OTC:JAMN)? Hope you don't suggest acquisition :)?

6. Guest
December 06, 2011, 06:52AM


I think this stock price is ready to turn once everyone takes their stock losses for the year. The company continues to expand its operation and build revenues. The company is opening new distribution opportunities in different regions and industries throughout the US. These are GREAT stores to be in.

7. Guest
December 05, 2011, 11:47AM

Quotes I don't think it matters what happens with coffee prices. This stock seems to have no support. I've never seen a steady decline on a stock like this. Management is very disappointing and Marley is clearly in over his head. He should stick to music and living off his father's name. They need to provide investors with more news on initiatives. They need to update investors on the SEC investigation status. They've rolled out in Norther Cal, they had some new store openings in Whole Foods (no public announcement), they are expending into new stores in CO (no public announcement). I hope management realizes that they NEED to do more.

8. lily_blur
December 05, 2011, 05:10AM

Quotes I expected that based on estimations for the coffee price increase this year, the share price of JAMN will go up. What's your opinion?

9. luca.connor
December 05, 2011, 05:09AM

Quotes One of possible reasons for the low price of JAMN are company's revenues. At present, the company has revenues, that yet have to be increased and are not enough for maintaining operations.

10. Guest
December 02, 2011, 11:12AM

Quotes I sent an email to the IR team and heard nothing. I don't understand the drop from the .40's to the high 20's (yesterday) on no news and heavy volume over the past couple of weeks. Everyone is radio silent. I assume people are either taking their year end losses from ridiculous run-up or throwing in the towel for good because the company is burning through cash and haven't shown any real revenue generation. I love the product but this management team sucks.

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