I totally agree with you. That's a very wise trading plan. One never knows with tickers like this. It might open up and blast to a buck in a day, or they make tank it to $.01 before they let her run a little.
I try to take a small, good position at first, wait it out which you a 1000% correct. It might take weeks, months or even over a year. Hopefully I'm not going anywhere. lol!
This time gives me an opportunity to get familiar with the ticker, the MM's & actually how the float is traded. Then like today attempt to average down when someone impatient throws away $.013's because they are not trained in the trading arts. ;-)