i have always avg'd my buys .. did so when jbii was well above 4 bucks and well below .60 cents .. based on multiple aspects of DD
which includes something i understand that most don't see
that is my read of what is done daily/weekly and monthly on JBII on level 2 .. coupled with reg sho percentages over weeks/months and volume avgs
second is what mgmt articulates and when ~ based on my own knowledge of the *process* albeit from when ipos were the norm <circa 1998 - 2000> that is why i always stress patience and a realistic time frame since mgmt only *controls* one part of the equation :)
i hold jbii shares in 2 separate accts <not including my kids'> .. one is my SDA <self directed 401K account> the other is my personal acct with fidelity
where my sda is concerned i couldn't buy shares when jbii fell below 1.00 so there was a very long gap when nothing was added there .. since april i've been buying jbii shares every other week in my SDA .. but 99 percent of the time i add those shares via bid sitting .. i posted a year + back that the stock would be laddered up .. as slowly as can be done
notice the take downs are usually brutally fast on comparatively low volume .. imo this continues until the next catalyst comes out of mgmt .. the issue imo retail faces is being caught on the wrong side of the trade .. since the ASK is truly thin and imo legit buys show *true* on the ASK side :)
== you didn't ask ~ but what i'd add is that the clock ticking can't be discounted and why i'd expect pps gyrations to increase <ie get worse> b4 they get better .. that is why when i can i always have bids sitting .. i found it beyond ironic that 3 filled in approx 24 hours .. when 2 of them had been in place for well over 3+ weeks
i also just do the math
we know the SS .. we know what co. insiders hold we know what no. of shareholders jbi has <5000> based on what is said at the SM
it makes for some rather interesting figuring when all is said and done
if i held 100,000 shares in my sda acct .. there is no doubt i'd be trading 5 to 10k on avg per week .. but i don't hold that amount and i'm not willing to be caught on the wrong side of the trade based on my take of the co.s *clock* and when news can come
my fido acct has tax consequences .. but on paper those jbii buys below 60/70/80 cents remind me of why i try to find legit co.s on the OTC and *invest* in them based on my DD ..
motto is .. legitimacy .. survivability .. transparency
== imo jbii's pps within 3 to 5 years .. will rival the stock most can remember as coming public in the last decade .. ironically it came public via a dutch auction not an ipo
i have zero doubts .. flawless execution gets jbii a comparable pps