An investigation for investors in Jammin Java Corp shares over potential securities laws violations in connection certain financial statements was announced.
Investors who purchased shares of Jammin Java Corp (OTCMKTS:JAMN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements regarding Jammin Java Corp’ s business, its prospects and its operations were materially false and misleading at the time they were made.
Jammin Java Corp reported that its Total Revenue rose from $1.82 million for the 12 months period that ended on January 31, 2013 to $8.90 million for the 12 months period that ended on January 31, 2015 while its Net Loss for those respective time periods increased from $4.02 million to $10.28 million.
On November 17, 2015, the U.S. Securities and Exchange Commission announced fraud charges against several alleged perpetrators behind a $78 million pump-and-dump scheme involving the stock of Jammin Java, including Jammin Java’s former CEO Shane Whittle. Shares of Jammin Java Corp (OTCMKTS:JAMN) declined to as low as $0.06 per share on November 17, 2015.
On December 31, 2015, OTCMKTS:JAMN shares closed at $0.108 per share.
Those who purchased shares of Jammin Java Corp (OTCMKTS:JAMN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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