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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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JEWETT CAMERON TRADING CO LTD (Name of Issuer) |
Common Stock (Title of Class of Securities) |
(CUSIP Number) |
Adam Bradley 123 S White St, Wake Forest, NC, 27587 9192952522 Melinda Bradley 123 S White St, Wake Forest, NC, 27587 9192952522 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
05/11/2026 (Date of Event Which Requires Filing of This Statement) |
SCHEDULE 13D
|
| CUSIP No. |
| 1 |
Name of reporting person
AJB Investment Fund II, LP | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC, OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
NORTH CAROLINA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
267,768.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
|
| CUSIP No. |
| 1 |
Name of reporting person
AJB Capital, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO, AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
NORTH CAROLINA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
267,768.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
HC, OO |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
Adam Bradley | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF, OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
329,647.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
9.4 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN, HC |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
Melinda Bradley | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
NORTH CAROLINA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
296,362.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
8.4 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN, HC |
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock |
| (b) | Name of Issuer:
JEWETT CAMERON TRADING CO LTD |
| (c) | Address of Issuer's Principal Executive Offices:
32275 NW HILLCREST, 32275 NW HILLCREST, NORTH PLAINS,
OREGON
, 97133. |
| Item 2. | Identity and Background |
| (a) | AJB Investment Fund II, LP a North Carolina limited partnership; AJB Capital LLC a Delaware limited
liability company; Adam Bradley a United Stated Citizen |
| (b) | 123 S White St, Wake Forest NC 27587 |
| (c) | The principal business address for each of AJB Fund II, AJB Capital, Mr. Bradley and Ms. Bradley is
123 South White Street, suite 300, Wake Forest, North Carolina 27587. The principal business of AJB
Fund II is that of a private investment fund engaged in the purchase and sale of securities for its own
account. The principal business of AJB Capital is providing investment management services and
serving as the general partner of AJB Fund II and AJB Investment Fund, LP, a North Carolina limited
partnership. Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further
described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D. Mr.
Bradley's principal occupation is serving as [manager] of AJB Capital. |
| (d) | no |
| (e) | no |
| (f) | North Carolina, United States |
| Item 3. | Source and Amount of Funds or Other Consideration |
The Shares beneficially owned by each of AJB Fund II and AJB Capital were purchased with working
capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary
course of business) in open market purchases. The aggregate purchase price of the 267,768 Shares
beneficially owned by AJB Fund II and AJB Capital is approximately of $526,238, including brokerage
commissions.
The Shares beneficially owned by Mr. Bradley are held in an individual retirement account and in the accounts of the children of Mr. Bradley and Ms. Bradley (the "Bradley Children"), and were purchased with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The aggregate purchase price of the 33,285 Shares beneficially owned by Mr. Bradley is approximately $67,318, including brokerage commissions.
The Shares beneficially owned by Ms. Bradley are held in an individual retirement account and were purchased with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The aggregate purchase price of the 28,594 shares beneficially owned by Ms. Bradley is approximately $58,389, including brokerage commissions. | |
| Item 4. | Purpose of Transaction |
The Reporting Persons purchased the Shares based on the Reporting Persons' belief that the
Shares, when purchased, were undervalued and represented an attractive investment opportunity.
Depending upon overall market conditions, other investment opportunities available to the Reporting
Persons and the availability of Shares at prices that would make the purchase or sale of Shares
desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer
through, among other things, the purchase or sale of Shares on the open market or in private
transactions or otherwise, on such terms and at such times as the Reporting Persons may deem
advisable.
The Reporting Persons do not have any present plan or proposal which would relate to or result in
any of the matters set forth in subparagraphs (a) - U) of Item 4 of Schedule 13D except as set forth
herein or such as would occur upon or in connection with completion of, or following, any of the
actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a
continuing basis. Depending on various factors including, without limitation, the Issuer's financial
position, results and strategic direction, actions taken by the Issuer's management team and the
Issuer's board of directors (the "Board"), price levels of the Shares, conditions in the securities
markets, general economic and industry conditions, and other investment opportunities available to
the Reporting Persons, the Reporting Persons may in the future take such actions with respect to
their investment in the Issuer as they deem appropriate including, without limitation, engaging in
communications with management and the Board, engaging in discussions with the Issuer,
stockholders of the Issuer or other third parties about the Issuer and the Reporting Persons'
investment, including potential business combinations, dispositions or financing transactions involving
the Issuer or certain of its businesses or assets, including transactions in which the Reporting
Persons may seek to participate and potentially engage in, making recommendations or proposals to
the Issuer concerning changes to the capitalization, ownership structure, Board structure (including
Board composition), or suggestions for improving the Issuer's financial and/or operational
performance, purchasing additional Shares, selling some or all of their Shares, engaging in short
selling of or any hedging or similar transaction with respect to the Shares, including swaps and other
derivative transactions, or changing their intention with respect to any and all matters referred to in
Item 4. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | The Reporting Persons beneficially own:
(i) AJB Fund II beneficially owns 267,768 Shares representing approximately 7.6% of the outstanding
Shares.
(ii) AJB Capital, as the general partner of AJB Fund II, may be deemed to be the beneficial owner of
267,768 Shares beneficially held by AJB Fund II, representing approximately 7.6% of the outstanding
Shares.
(iii) Mr. Bradley, as manager of AJB Capital, may be deemed to be the beneficial owner of 329,647
Shares beneficially held by AJB Fund II representing 9.4% of the outstanding Shares and
beneficially owns 33,285 Shares, representing less than 1% of the outstanding Shares, which are
held in an independent retirement account and in accounts of the Bradley Children.
(iv) Ms. Bradley, as manager of AJB Capital, may be deemed to be the beneficial owner of 296,632 Shares beneficially held by AJB Fund II, representing 8.4% of the outstanding Shares and beneficially owns 28,594 Shares, representing a less than 1% of the outstanding Shares, which are held in an individual retirement account.
(v) Collectively, the Reporting Persons beneficially own 329,647 Shares representing approximately
9.4% of the outstanding Shares.
All percentages set forth in this Schedule 13D are based upon 3,520,113 Shares outstanding, as of
April 13, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period
ended February 28, 2026, filed with the Securities and Exchange Commission on April 13, 2026. |
| (b) | AJB Fund II and AJB Capital have shared power to vote or direct the vote of the 267768 Shares held
by AJB Fund II.
AJB Fund II and AJB Capital have shared power to dispose or direct the disposition of the 267,768
Shares held by AJB Fund II.
Mr. Bradley has shared power to vote or direct the vote of the 329,647 Shares held by AJB Fund II, in Ms. Bradley's account, and in accounts of the Bradley Children.
Mr. Bradley has shared power to dispose or direct the disposition of the 329,647 Shares held by AJB
Fund II, in Ms. Bradley's account, and in accounts of the Bradley Children.
Mr. Bradley has sole power to vote or direct the vote of the 20,700 Shares that are held in held in an
individual retirement account and Ms. Bradley's individual retirement account.
Mr. Bradley has sole power to dispose or direct the disposition of the 20,700 Shares.
Ms. Bradley has shared power to vote or direct the vote of 296,632 Shares that are held in an individual retirement account and AJB Fund II.
Ms. Bradley has shared power to dispose or direct the disposition of 296,632 Shares that are held in an individual retirement account and AJB Fund II. |
| (c) | Date of Purchase/Sale, Amount of Shares, Price per Share
5/19/26, 390, $1.97
5/20/26, 1, $1.93
5/29/26, 18,600, $2.20
6/1/26, 8,800, $2.13
6/3/26, 200, $2.05
6/4/26, 5,590, $2.12
6/11/26, 9,000, $2.00 |
| (d) | not applicable |
| (e) | not applicable |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
O n May 18, 2026, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting
Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with
respect to the securities of the Issuer to the extent required by applicable law.
The Joint Filing Agreement is attached to the original filing as Exhibit 99.1 and is incorporated herein by reference.
[Other than as described herein, there are no contracts, arrangements, understandings or
relationships
among the Reporting Persons, or between the Reporting Persons and any other person, with respect
to the securities of the Issuer.] |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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