Is Jammin Java Corp (OTCMKTS:JAMN) Going to Make it Big
A solid company with a rare product in the OTC Markets. Yes, that mythical beast exists and Jammin Java Corp (OTCMKTS:JAMN) is a part of the species with its Marley branded rare jamaican coffee. However, how is their stock doing?
Most recently we can say that they are doing good as they were climbing up the chart last week and hopefully, for all those who invested in JAMN‘s stock, will continue doing so. However, how will it fair in the long run and will it suffer the fate of InVivo Therapeutics Holdings Corp (OTCBB:NVIV) whose stock was on an uprise for 5 days but dropped after that and is still trying to recover.
Well, no one can tell for certain, but today’s trade session isn’t starting very well for them as they are at 2% down at the moment and are trading at $0.49 nearly an hour into the session. Of course, this is only the beginning and everything can happen until the final bell and you must also take into consideration the big spike in the first minutes when 148 thousand shares were traded.
In fact today’s volume is shaping up to be higher than the 442 thousand shares that were traded in Friday with a total of 225 thousand shares that switched hands in a short hour of trading generating a trade value at a half of Friday’s $210 thousand. Do they have the financials to back such an interest in their stock. Well, we might say that they are developing well for the moment judging by their financials for the quarterly period ended April 30.
- cash: $63 thousand
- total assets: $1.8 million
- current liabilities: $774 thousand
- revenue: $817 thousand
- net loss $418 thousand
The good news come when you compare the same period of 2012 and see that they are actually growing. The revenue they had last year for the quarterly period ended April 30 was $309 thousand, while the total operating expenses were more than $100 thousand more coming to a total of $969 thousand. This is good, because it points out that the management of the company is doing it job. Furthermore we can see that they had nearly twice the liabilities with $1.34 million and they managed to cut that out too.
It seems that Brent Toevs (CEO) and Anh Tran (President, Secretary and Treasurer) are doing their job. Mr. Toevs is at least a honest guy and he warned investors that there might be bigger losses in the next quarter as well, due to the marketing campaign that they are setting up. Well, the campaign is a fact and they have chosen a very well established company in the face of SA Studios Global, who have a list of clients that includes PepsiCo, MetroPCS and Nike so it seems like the campaign will be a success.
All hopes are for this rare OTC company and only time will tell if they are going to make it big. Meanwhile be sure to do your due diligence and weigh out all the risks before investing in any company.
Meanwhile another company whose stock is growing rapidly is Alas Defense Sys Inc (OTCMKTS:VDSC) who went up 49% in Friday and are 28% up in this session also with a price of $0.0125 per share.
