Profit taking and waiting on news. Saw this coming...
Told myself I was done buying,but I will load a few more trading shares when she dips to 2.35-2.50,and then unload em when she easily goes to $3 again. Hold the rest until she goes to DDs in 1-2 years,and then I'll get my huge payday,again...
That was easy,as stated. Less than 2 weeks,scooped em up for 2.46 and sold today for $3.05. If she gets a huge mention at the Tobacco Conference tmw,she may really pop...
I have bought and sold this stock for a profit. I currently dont own any. Opinions on the below. I would think on the short term this drives the stock price towards the $2.62 price. What do others think?
22nd Century Group Announces $54 Million Common Stock Only Registered Direct Offering
Font size: A | A | A
6:30 AM ET 10/9/17 | BusinessWire
Largest financing in the Company's history provides more than 5 years of operating capital
CLARENCE, N.Y.--(BUSINESS WIRE)--October 09, 2017--
22nd Century Group, Inc. (NYSE American: XXII), a plant biotechnology company that is focused on tobacco harm reduction, announced today that it has entered into an agreement with institutional investors to receive approximately $54 million in gross proceeds in a registered direct offering through the sale of 20.57 million shares of common stock at a price of $2.625 per share. This no-warrant financing will be the largest capital raise -- at the highest price per share -- in the history of 22nd Century and will raise the Company's cash balance to well over $60 million -- enough to meet all regular operating expenses for more than five years.
The offering is expected to close on or about October 10, 2017, subject to customary closing conditions. The net proceeds of the financing will be used for general corporate purposes, including working capital, as the Company begins licensing and strategic partnership discussions with major tobacco companies.
"We are very pleased to announce that, as a result of this no-warrant financing, 22nd Century will have more than 5 years of operating cash on hand," explained Henry Sicignano, III, President and CEO of 22nd Century Group. "More than $50 million in net proceeds will significantly improve our balance sheet and, therefore, our negotiating position in discussions with potential licensing and strategic partners."
Chardan acted as the sole placement agent for this transaction.[/COLOR]
22nd Century Group Announces $54 Million Common Stock Only Registered Direct Offering
6:30 AM ET 10/9/17 | BusinessWire
| RELATED QUOTES | ||
| ||
| 4:10 PM ET 10/11/17 | ||
| Symbol | Last | % Chg |
XXII | 2.94 | [COLOR=#CC0000 !important]-3.29% |
| Quotes delayed at least 15 minutes |
Largest financing in the Company's history provides more than 5 years of operating capital
CLARENCE, N.Y.--(BUSINESS WIRE)--October 09, 2017--
22nd Century Group, Inc. (NYSE American: XXII), a plant biotechnology company that is focused on tobacco harm reduction, announced today that it has entered into an agreement with institutional investors to receive approximately $54 million in gross proceeds in a registered direct offering through the sale of 20.57 million shares of common stock at a price of $2.625 per share. This no-warrant financing will be the largest capital raise -- at the highest price per share -- in the history of 22nd Century and will raise the Company's cash balance to well over $60 million -- enough to meet all regular operating expenses for more than five years.
The offering is expected to close on or about October 10, 2017, subject to customary closing conditions. The net proceeds of the financing will be used for general corporate purposes, including working capital, as the Company begins licensing and strategic partnership discussions with major tobacco companies.
"We are very pleased to announce that, as a result of this no-warrant financing, 22nd Century will have more than 5 years of operating cash on hand," explained Henry Sicignano, III, President and CEO of 22nd Century Group. "More than $50 million in net proceeds will significantly improve our balance sheet and, therefore, our negotiating position in discussions with potential licensing and strategic partners."
Chardan acted as the sole placement agent for this transaction.[/COLOR]
I have bought and sold this stock for a profit. I currently dont own any. Opinions on the below. I would think on the short term this drives the stock price towards the $2.62 price. What do others think?
22nd Century Group Announces $54 Million Common Stock Only Registered Direct Offering
Font size: A | A | A
6:30 AM ET 10/9/17 | BusinessWire
RELATED QUOTES 4:10 PM ET 10/11/17 Symbol Last % Chg
Quotes delayed at least 15 minutes
Largest financing in the Company's history provides more than 5 years of operating capital
CLARENCE, N.Y.--(BUSINESS WIRE)--October 09, 2017--
22nd Century Group, Inc. (NYSE American: XXII), a plant biotechnology company that is focused on tobacco harm reduction, announced today that it has entered into an agreement with institutional investors to receive approximately $54 million in gross proceeds in a registered direct offering through the sale of 20.57 million shares of common stock at a price of $2.625 per share. This no-warrant financing will be the largest capital raise -- at the highest price per share -- in the history of 22nd Century and will raise the Company's cash balance to well over $60 million -- enough to meet all regular operating expenses for more than five years.
The offering is expected to close on or about October 10, 2017, subject to customary closing conditions. The net proceeds of the financing will be used for general corporate purposes, including working capital, as the Company begins licensing and strategic partnership discussions with major tobacco companies.
"We are very pleased to announce that, as a result of this no-warrant financing, 22nd Century will have more than 5 years of operating cash on hand," explained Henry Sicignano, III, President and CEO of 22nd Century Group. "More than $50 million in net proceeds will significantly improve our balance sheet and, therefore, our negotiating position in discussions with potential licensing and strategic partners."
Chardan acted as the sole placement agent for this transaction.[/COLOR]
Looks like the stock has been straight down since this happened.
They've only lost $13M in no time. I really thought the sub $2 days were long forever...
Just stumbled across this and remembered this thread at the RX that some have been trading this equity. This is a long article but several notes
pertaining to XXII. I have never owned or traded this stock.................
http://sharesleuth.com/investigatio...twork-exploits-financial-sites-to-tout-stocks
pertaining to XXII. I have never owned or traded this stock.................
http://sharesleuth.com/investigatio...twork-exploits-financial-sites-to-tout-stocks
Yes! Correct information, then the stock jumped from $1 to $2+. I lost my old login.... same guy Time2shine!
Hey there! Nice to see you back...
I still hold a small amount of this, 1k shares, and they’re still holding at more than I paid for em, although they’re derbies anyways...
Yes sir!!! I hope all is well!
My family still owns millions of shares! Getting closer to FDA approval etc! Hopefully we finally get paid down the road!!
How about the hottest team in the NFL Buffalo Bills?!!! 11-5 covered their last 8! Have to continue riding that train!! Could be the start of a very nice weekend!
My family still owns millions of shares! Getting closer to FDA approval etc! Hopefully we finally get paid down the road!!
How about the hottest team in the NFL Buffalo Bills?!!! 11-5 covered their last 8! Have to continue riding that train!! Could be the start of a very nice weekend!
Things are well my man. Still holding on to this one! Got to get the Reddit group looking at Xxii. Big tobacco and big pharma are stopping the fda from approving the mrtp (modified risk tobacco product) even though there own studies say reduced nicotine cigarettes will save millions of lives! All out war with the Rich Hedge guys!
