Last week, Jammin Java Corp. (OTC:JAMN) had a shocking gain. On Thursday, the stock broke up the series of losses and soared 
34% on a trading volume of approximately 4 million shares. Then, on Friday, the climb continued and JAMN added the next 1.66% to its price. Now the question is will the gain continue this week?
Historical data shows that the latest news by Jammin came up on July 18, when SmallCapVoice.com, a corporate investor relations firm, announced that it has been retained by JAMN to handle its corporate communications and investor relations. However, the announcement failed to support JAMN stock price and it kept falling down.
Yet, Jammin did not give up the fight for the climb. Over the next days, a few websites posted promotional alerts on the stock and its price immediately flew up. Looks like these are more effective than the press releases by the company, though it’s still not certain how long the up move will continue.[BANNER]
Jammin Java Corp. is a US-based company providing roasted coffee on a wholesale level to the service, hospitality, office coffee service and big box store industry. As already reported on hotstoked.com, at the beginning of this month, the stock was losing its value as a result of the cease trade order by the British Columbia Securities Commission. Currently, it is clear that JAMN has not improved its financials at all. According to their amended 10-Q report, the company has:
* $27,955 revenue;
* $181,051 net loss;
* $179,723 current assets;
* $109,686 current liabilities.
Despite the fact that Jammin has generated some revenue, it remains quite unsecured considering the company’s net loss. Obviously, presently JAMN prefers to rely on promotions instead of solving its bigger issues.
