^Guessing there were some issues with that extension...bloody day so far -39%
Here's what's causing the stir (from SeekingAlpha):
"[h=2]Summary[/h]
22nd Century Group, Inc. (NYSEMKT:XXII) became public on January 25th, 2011 through a reverse merger with shell company Touchstone Mining Limited (source 21).
We believe investors will come to the same conclusion that we have-XXII is just rekindling a story that already has failed in the past. From 2011 to the beginning of 2014, the stock was trading well below where it's trading today,spending the past couple years trading as low as $0.20, or what we believethe fair value of this stock to be."
Here's what's causing the stir (from SeekingAlpha):
"[h=2]Summary[/h]
- A number of factors lead us to the conclusion that 22nd Century Group (XXII) is severely overvalued and likely worth no more than $0.20 per share.
- In the past, the SEC charged XXII CEO Joseph Pandolfino, Jr. for stock manipulation of two stocks.
- Insiders have enjoyed exorbitant wealth at the expense of shareholders.
- This company is no stranger to massive dilution, and we believe more is on the way.
- Project abandonment, failed repackaged ventures, absence of sales and advertising, fluff press releases and a huge accumulated deficit translate into a bleak future for XXII.
22nd Century Group, Inc. (NYSEMKT:XXII) became public on January 25th, 2011 through a reverse merger with shell company Touchstone Mining Limited (source 21).
We believe investors will come to the same conclusion that we have-XXII is just rekindling a story that already has failed in the past. From 2011 to the beginning of 2014, the stock was trading well below where it's trading today,spending the past couple years trading as low as $0.20, or what we believethe fair value of this stock to be."
XXII......WOW!!! A negative article comes out today from Seeking Alpha to crush the share price when it was about to take off.
http://seekingalpha.com/article/2454105-22nd-century-group-a-lot-of-smoke-not-enough-fire?app=1
Lets see how XXII management responds to this "damaging news".......as long as eyes are on this company......wait and see my friends!!
Remember the kardashians, bad news could sometimes be good news!
I believe this is a LONG TERM PLAY and beyond!
http://seekingalpha.com/article/2454105-22nd-century-group-a-lot-of-smoke-not-enough-fire?app=1
Lets see how XXII management responds to this "damaging news".......as long as eyes are on this company......wait and see my friends!!
Remember the kardashians, bad news could sometimes be good news!
I believe this is a LONG TERM PLAY and beyond!
XXII Management responds....wow!
http://www.nasdaq.com/press-release...leading-and-inaccurate-article-20140827-00764
the storm is brewing!! all news is good news....a 40+% drop and XXII bounces back to close at 2.69....amazing
http://www.nasdaq.com/press-release...leading-and-inaccurate-article-20140827-00764
the storm is brewing!! all news is good news....a 40+% drop and XXII bounces back to close at 2.69....amazing
I believe it was because of his sale of some stock??....rightfully earned...it didn't dent the amount of a shares he still owns... I watched this guy put everything into this company for over 15years...including selling some property to help fight a legal battle when Big Tobacco tried to steal the technology(google Quest cigarettes)......They beat Big Tobacco in court...they got wiped out financially and then had the local raise and were forced to go public....look at the original posts from beginning of this thread.
This is long term play....XXII IS DISRUPTIVE TECHNOLOGY THAT CAN CHANGE THE WORLD.....some body made BIG MONEY from yesterdays article. There were over 5 million shares traded.....when that news came out, the prices dropped down to 1.90.....well.....some body bought those shares back to raise the price back up and made out bigtime!!
All these eyes on XXII is great!!!
The growing institutional interest in $XXIIbodes well for the future, and the inclusion in the Russell indexes will only accelerate the institutional participation:
http://www.nasdaq.com/symbol/xxii/institutional-holdings
These boys will NOT QUIT!
This is long term play....XXII IS DISRUPTIVE TECHNOLOGY THAT CAN CHANGE THE WORLD.....some body made BIG MONEY from yesterdays article. There were over 5 million shares traded.....when that news came out, the prices dropped down to 1.90.....well.....some body bought those shares back to raise the price back up and made out bigtime!!
All these eyes on XXII is great!!!
The growing institutional interest in $XXIIbodes well for the future, and the inclusion in the Russell indexes will only accelerate the institutional participation:
http://www.nasdaq.com/symbol/xxii/institutional-holdings
These boys will NOT QUIT!
Hopefully next week.
Henry Sicignano III, the Company's President, explained, "22nd Century's commercial prospects have never been stronger. MSA authorization is imminent.
Read more: http://www.nasdaq.com/press-release...accurate-article-20140827-00764#ixzz3BhuqN0r5
XXII is a long term stock! Hang tight....If they were to be :"bought out", IMO it would be no less than $10.00/share. Its a long term play.... and a lot to look forward to. Many folks that I know that got in late or over $5.00/share have averaged down their positions to almost $3.00. Some of them were watching close yesterday....some sold around $3 and bought back later in the day. Our family has just stood pat and haven't sold a share.
rooftop....remember KRED?? that was a perfect stock to short because it was a blatant pump and dump...imagine if we shorted the stock when it was 1.30??? we could of made some serious serious cash!!! .....i'm still learning about shorting stocks.....i have been referred to read the book "the art of short selling"
There are more catalyst than you can imagine!!!!!!!!....this is a long term play....and if you feel like doing some research....what XXII does with the tobacco plant can be done in wacky tobacco for major major medical..... connect the dots with Jon Page and XXII and you may do whatever it takes to get involved at these prices in my opinion!!!!
XXII is a long term play!!!
For those with profits please, i beg you, do not forget to donate to my friends at http://www.stlukesmissionofmercy.org/donations.html.......Thank you and God Bless!!
