Lance,
You picked up on exactly the same thing I did in the Bridge article I got from Brad.
As I mentioned yesterday, I had a sell order in to sell 1/5 of the shares I hold with a friend at $1. But, as we are both on vacation, we have to communicate via E-mail (he's coaching a basketball camp at a college and living in a dorm), so this is what I just wrote him before checking into SI, it sums up my thinking at this point:
As you can see, JNNE was very active the last couple of days and is getting a lot of publicity. That Bridge articles have wide coverage.
This is starting to look like a true E-Commerce site too me. I'm not so sure that this won't go much higher than $1.00 short term, and potentially much higher in the long run. With the web site coming online Tuesday, with a promised publicized Grand Opening, mid-month, I don't see much down-side risk from here. Consequently, I moved our sell price to $1.50, and that's just because I knew I wouldn't be able to watch things closely today. I didn't want it to run up a great deal and have us give up shares cheaply. If we continue to see price movement in the right direction, I'm not sure that we should let any shares go in the near future.
With the GoOn-Line President talking about keeping this company a separate entity of JNNE so that they can do an IPO in the future.....Well that got my attention. IPO's on internet stocks aren't going off at anything less than $10. Even if we're talking an IPO in the Spring, it might be worth the wait with at least a sizable position.
We may be in what amounts to a private placement prior to an IPO of a successful website. Private placements are going off at $1 per share, so I'm not so sure we should sell at that price if we think that this venture has merit. |
