Congressman Banks has bought PASO 8 times
Based on the filings that Chuck posted, Congressman Banks had bought PASO in 7 different rounds in early September, and once more in November.
Each round shows that he invested between $1,000 - $15,000.
Let’s take the average in that range, and say he invested an avg. of $8,000 for each of his 8 rounds of purchase.
That would put his total investment of PASO at $64,000.
We know for sure he has invested at least $8,000 and a maximum of $120,000.
$64,000 is the exact number in the middle of $8,000 - $120,000.
Now, he did buy most of his shares in early September it seems, based on the filings.
That means he bought before the dividend.
I went back to early September on the chart, and PASO was around $0.07 or $0.08, etc.
It seems he bought in at that time for the dividend?
He did buy more shares in November to lower his cost average.
Let’s say he has a cost average of $0.064 (6.4 cents) with $64,000 total investment (as speculated above).
That would mean he has one million shares at a cost avg. of 6.4 cents, total investment of $64,000 (cost basis).
Maybe he bought one last time in November to get up to (or slightly above) one million shares.
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