Georgi Kamburov

Jammin Java Corp. (OTCMKTS:JAMN) Ends The Week In The Green

by Georgi Kamburov August 19, 2013
JAMNchart.pngAfter sliding down for four consecutive days Jammin Java Corp. (OTCMKTS:JAMN, JAMN message board) managed to put an end to it by surging upwards on Friday. They gained 12% and recovered much of the value it lost by returning to $0.45. Interest in the stock resulted in nearly a million shares being traded doubling the average amount for the company.

JAMN is trying to market its artisan roasted gourmet coffee and they have been posting increasingly better results. For the period ending April 30 they had the following financials:

  • $63 thousand cash
  • $1 million total current assets
  • $774 thousand total current liabilities
  • $817 thousand revenue
  • $418 thousand net loss

Although the company is still incurring loses and has an accumulated deficit of more than $7 million they are moving along with their business plan. Compared to the same period last year net loss has been cut in half while revenues almost tripled. JAMN have been steadily adding new retail chains to its distribution network and on Friday they hit the market with two announcements.

First came the news that their brands of coffee can now be purchased in key stores part of the international retail company Ahold. Two hours later it was followed by a partnership between JAMN and the private company Garden of Life being made public. Garden of Life was bought by Atrium Innovations Inc. in 2009 after they posted annual revenues of $52 million.

JAMN have been keeping away from any promotional campaigns with the last email alert touting the company dating from December 2011. Instead, back in July they hired IPODesktop, whose Editor-in-Chief is the famous financial analyst Francis Gaskin, to write a report about them for the sum of $8500. And last week another investment research firm - SeeThruEquity 9WTERchart.pngreleased their own coverage about JAMN for apparently no compensation at all.

Recently Francis Gaskin was involved with The Alkaline Water Company Inc.(OTCMKTS:WTER). They have been steadily climbing up without any of the sharp movements often seen when a company is backed by a pump. Bluforest, Inc. (OTCMKTS:BLUF) who have been touted by no less than 114 alert emails finished strong adding another 11% on Friday but in early trading today are down by 5%.

Comments 0

Type the characters that you see in the box (5 characters).