Buyback not a good option.
I think JMCP investors should realize, IMO, a buy back is not the right move now, and definitely not about to happen. Why would a company spend money to buyback shares when they are issuing shares to raise investment capital. Asking for one is just because people want a price jump so they can flip it. It is unfortunate, but in penny stocks, the best interests of the company (dramatic long term profit growth) do not match the typical penny buyer (impatient, and impulsive trading and flipping). Buybacks are mor appropriate when a company has more earnings than investment needs, and at the smae time have an undervalued share price. Other times, it can happen, as with FGFC, when a company has access to more debt capital than it needs to grow. JMCP does not have this at this time.
A company at this stage needs to raise capital, but it should be used to grow shareholder value, not spent on wasted operating expenses and consumed by overhead. This is a big difference. Dilution is not always bad. You should look at what the dilution or borrowing accomplishes. Do the funds raised buy assets which will produce more revenue than the cost ? (Return on capital). The problem is that most pennies consume too much cash just existing - salaries, long term expensive research, etc.
I can't even count how many times I have seen posts on stock message boards form traders claiming to be long term holders in a particular stock. Then, 1 day later, they are out, and in a new stock, saying they will jump back in later. It's just Bizzare. Distinctions need to be made between companies going nowhere, and ones capable of significant long term growth, and JMCP should be held.
JMCP is doing a great job getting multiple projects going with little cash. They have low overhead, and inexpensive, productive research.
It may just sit here at .0001 while things get going, but we are not down, we just can't sell quick. But the day it does go up, we will be up 100 %. And it gives us a long time to accumulate shares at rock bottom, while getting positive news, and management feedback along the way to confirm our buy decisions. When the revenue arrives, we will be worth much more.
