All Jimmy did was give the market makers an extra $700+
His 264,400 shares cost him $3,088 at an avg of $0.01167 per share.
He could have easily bought those shares for $0.009 or less if he bought them with a ounce of common sense. He paid $0.009 for the first 36,400 shares.
It's just like Gordon Gekko said, a fool and his money are lucky enough to get together in the first place.
Chasing the ask proved nothing except that the market makers saw a good thing coming and they gladly rolled out the "suckers welcome" door mat.
Einstein probably spent less proving that e=mc2