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Star Scientific Inc. (STSI)

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http://www.starscientific.com/

Company Profile

Our corporate mission is to reduce the harm associated with tobacco use at every level. Star Scientific was founded on the belief that is technologically possible to lessen the health risks associated with long-term tobacco use.

Our goals, initiatives and strategies all flow from the harsh realities of widespread national and global tobacco use. Tobacco-related disease is the single most preventable cause of premature death in the United States. The global realities are even more troubling. Worldwide, more than 1.2 billion people use tobacco daily, and about 4 million of those users will die prematurely this year.

We are different from other tobacco companies because we have always accepted the findings of the U.S. Surgeon General Reports that detail the risk to human life that are associated with smoking. It is our position that good science should drive tobacco product manufacturing and marketing, and that technologies aimed at toxin reduction ought to be the standards for measurement in the 21st century.

Star Scientific's Board of Directors unanimously adopted a core Policy Statement in 1999 that reflects the company's belief that it has a corporate responsibility to continue to expand research and development efforts that result in the manufacture of tobacco products that contain as few toxins as is technologically feasible.

We scaled up a non-chemical tobacco curing technology, StarCured™, that interferes with the formation of tobacco specific nitrosamines (TSNAs) that occurs in traditional curing methods.

We market dissolvable smokeless tobacco products made with tobacco that is 100% Virginia StarCured® tobacco, with TSNA levels that we believe are the lowest anywhere in the world. These products were the first dissolvable smokeless products in the commercial marketplace.  We believe these products hold great promise in two ways. Each has TSNA levels that are extremely low, even when measured in "parts per billion". In addition, these products are not burned, so that smoke is not inhaled into the lungs (tobacco smoke produces at least 65 compounds that are known to be carcinogens)

We  fully support all efforts to prevent tobacco initiation and use by young people, and to promote cessation among current users. At the same time, we believe we can contribute to lessening the harm caused by conventional smoked and smokeless tobacco products to those adults who continue to use them.

We  continued our commitment to innovation and change in 2007 with the formation of Rock Creek Pharmaceuticals, a wholly-owned subsidiary.  Rock Creek explores and develops products and compounds, many tobacco-based or tobacco-related that have the potential to address a range of neurological conditions, or to maintain a healthy metabolism.

Rock Creek also is working collaboratively with external research centers to examine the role that these compounds can play in addressing both neurological disorders and chronic inflammation. The first product initiative, in 2010, produced CigRx®, a non-nicotine, non-tobacco dietary supplement that can be used by smokers to curb the urge to light a cigarette.

We want to make fundamental changes in the way adults address their tobacco use habits, and leverage every bit of learning that we can obtain about potentially beneficial use of the tobacco plant.

Need to check the news? Click here:

http://www.starscientific.com/news/press-releases/

Need to check SEC filings? Click here:

http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=0000776008&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

 

POLICY STATEMENT FOR STAR SCIENTIFIC, INC.
Responsible Standards For Changing Certain Prevalent Views in The Tobacco Industry


STAR SCIENTIFIC accepts and supports effective measures at the national, state and local levels to ensure that tobacco products are not distributed, sold, or marketed to children and adolescents.

STAR SCIENTIFIC accepts the findings and conclusions of the Surgeon General of the United States, as well as the informed public health community, that conventionally cured tobacco is a major factor in disease and addiction and that those who use tobacco products who wish to quit should be given incentives and opportunities to do so.

STAR SCIENTIFIC acknowledges that the use of tobacco products generally poses health hazar and that no known tobacco product or process, even the process that Star has developed, while virtually eliminating nitrosamines, eliminates all health hazards associated with the smoking of tobacco.

STAR SCIENTIFIC supports having the Food and Drug Administration (FDA) as the lead regulatory agency charged with overseeing the implementation of fair and meaningful regulations over the manufacture, sale, distribution, labeling and marketing of al l tobacco-containing products.

STAR SCIENTIFIC supports increased biomedical and allied research by the private sector, as well as such federal agencies as the FDA, NIH, CDC, and the USDA, that will continue to identify and understand the complexities of what causes the diseases associated with tobacco use and work to find ways of reducing and/or eliminating these causes, and setting standards and "bench marks" for the development of reduced risk and less hazardous tobacco products.

STAR SCIENTIFIC believes that it has a corporate responsibility to continue to expand research and development efforts to manufacture tobacco products that are as safe as is technologically possible to address the serious public health problems associated with tobacco use, and to respond to the needs of adult tobacco users who continue to consume tobacco products notwithstanding the broad range of health risks associated with using such products.

STAR SCIENTIFIC believes that adults who choose to smoke and/or make an adult choice regarding the use of any tobacco products should be fully and completely informed about the dangers of the tobacco products they choose to use, including specific information regarding ingredients and constituents of tobacco and tobacco smoke and the levels of such toxic constituent elements in tobacco and tobacco smoke. This should include any scientifically established information that indicates that a product may or will reduce certain exposure to major toxic
elements associated with tobacco use.


STAR SCIENTIFIC is committed to working with the public health community, the FDA, and other federal regulatory agencies in seeking to prevent the use of tobacco products by children and adolescents and in the scientific development of products that have the potential for lessening or even eliminating the incidence of disease, death and addiction associated with tobacco use.

STAR SCIENTIFIC believes that the time has come for health groups, researchers, scientists, policy makers, senior government officials, tobacco farmers and responsible tobacco companies to sit down and talk about the future of tobacco and the tobacco industry, including an articulation of reasonable parameters under which new products that will reduce exposure to certain toxic constituents in tobacco and tobacco smoke can be developed, evaluated and marketed.

Dissolvable Tobacco

 

Management & Registered Shareholder Activity

Know the Management Team

 

 

Jonnie R. Williams
Chief Executive Officer

Paul L. Perito
President, COO and Chairman of the Board

Paul H. Lamb, III
President of Star Tobacco, Inc

Robert E. Pokusa, Esquire
General Counsel

 

Park  A.  Dodd
Chief Financial Officer

David M. Dean
Vice President of Sales & Marketing

Sara Troy Machir
Vice President, Communications & Investor Relations

Sheldon Bogaz
Vice President of Trade Operations

Insider Transactions Reported - Past Year

Date Insider Shares Type Transaction Value*
Nov 28, 2011 SHARP RICHARD LDirector 22,528 Indirect Purchase at $2.63 per share. 59,248
Nov 25, 2011 SHARP RICHARD LDirector 17,972 Indirect Purchase at $2.56 per share. 46,008
Nov 23, 2011 SHARP RICHARD LDirector 59,500 Indirect Purchase at $2.33 per share. 138,635
Sep 7, 2011 WILLIAMS JONNIEOfficer 1,100,000 Indirect Disposition (Non Open Market) at $0 per share. N/A
Aug 26, 2011 TRADEWINDS MASTER FUND (BVI) LTD.Beneficial Owner (10% or more) 150,000 Indirect Purchase at $1.80 per share. 270,000
May 25, 2011 POKUSA ROBERT EOfficer 100,000 Direct Option Exercise at $1.12 per share. 112,000
May 25, 2011 POKUSA ROBERT EOfficer 100,000 Direct Sale at $4.25 per share. 425,000
Mar 30, 2011 POKUSA ROBERT EOfficer 50,000 Direct Option Exercise at $1.47 per share. 73,500
Mar 30, 2011 POKUSA ROBERT EOfficer 50,000 Direct Sale at $3.66 per share. 183,000
Mar 4, 2011 TRADEWINDS MASTER FUND (BVI) LTD.Beneficial Owner (10% or more) 1,086,956 Indirect Purchase at $1.84 per share. 1,999,999
Mar 4, 2011 WILLIAMS JONNIEOfficer 508,905 Direct Purchase N/A
Jan 4, 2011 TONKIN LEO SDirector 50,000 Direct Option Exercise at $0.74 per share. 37,000

And the big one below:

EX-10.72 10 c97821exv10w72.htm EXHIBIT 10.72
Exhibit 10.72
SECURITIES PURCHASE AND REGISTRATION RIGHTS AGREEMENT
Between
STAR SCIENTIFIC, INC.,
as Issuer,
And
The Investors Set Forth on Schedule I hereto
March 10, 2010
SCHEDULE I                    

http://www.sec.gov/Archives/edgar/data/776008/000095012310025270/c97821exv10w72.htm

SCHEDULE OF INVESTORS
                         
 The $1M purchase by the namesake of the Roskamp Institute                   Price Per Unit  
                    and  
Name and Address   Shares     Warrants     Aggregate Purchase Price  
Robert G. Roskamp
    769,230       769,230     1.30 per Unit for $1,000,000  
 
                 
Total:
    769,230       769,230     $ 1,000,000  

 

 

http://www.roskampinstitute.com/index.html 

About the Roskamp Institute

What do research and development have in common? The answer: Robert Roskamp, a philanthropist and Sarasota-based developer of senior living facilities. Roskamp has been in the development business for more than 30 years, beginning in Chicago where he built specialized homes for emotionally disabled adults. It was then that he first became interested in diseases of the mind.

Understanding first hand the effects these diseases can have on patients and their families after his brother was diagnosed with schizophrenia, Roskamp dedicated his life to finding cures and treatments of such diseases, and has been joined in this endeavor by his wife, Diane.

In 2003, their quest led to the creation of the Roskamp Institute in Sarasota, Florida, where some of the world's most cutting-edge research is conducted on neurological disorders such as Alzheimer's disease. Since opening its doors, the Roskamp Institute has been a leader in the global effort to better understand and ultimately cure debilitating diseases of the mind.

The foundation for the Institute's work was set more than a decade ago by Roskamp's two lead researchers, Drs. Michael Mullan and Fiona Crawford. They were key members of a pioneering team of scientists who, in the early 1990s, discovered that the onset of Alzheimer's was directly related to the accumulation of a protein called ß-amyloid. This protein is present in everyone, but thanks to the groundbreaking work of this team, it is now known that too much of it will result in the development of Alzheimer's.

The Roskamp Institute is dedicated to developing medications and therapeutic treatments that will reduce or slow the toxic accumulation of ß-amyloid. For the first time, we will soon begin human clinical trials on a promising new treatment - one that was developed by our researchers in Sarasota.

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PostSubject
#10725  Sticky Note BOARD WARNING - Please Read: IH Admin [Shelly] 04/12/13 07:45:39 AM
#9522  Sticky Note NF-kB and Inflammation NukeJohn 03/02/13 08:11:41 AM
#9520  Sticky Note STSI - SEC filings and News: KarinCA 03/01/13 11:31:54 PM
#11431   Bits saved up for one post: surfcity128 05/23/13 11:08:30 PM
#11430   sometimes I think there are more than 300 Pipilongstocking 05/23/13 10:48:41 PM
#11429   If 69245 likes are all Anatabloc users, if idcc2006 05/23/13 08:37:48 PM
#11428   News of Anatabloc spreads, again ... leifsmith 05/23/13 08:15:18 PM
#11427   Anatabloc Facebook: 68,245 likes Gordon Gekko 1987 05/23/13 07:44:39 PM
#11426   you're right, they won't have enough people to jaypequa 05/23/13 06:02:52 PM
#11425   Even if someone signs up as a lead just4profit 05/23/13 05:25:42 PM
#11424   class action lawsuit deadline for plaintiffs to sign jaypequa 05/23/13 04:50:42 PM
#11423   why 1 day? what have i missed? Thales622 05/23/13 04:46:15 PM
#11422   Only 1 day left for the fishing for just4profit 05/23/13 03:59:02 PM
#11421   Oh yes. Every announcement sends the price comet52 05/23/13 02:26:32 PM
#11420   Oh wow, no one's ever told me THAT comet52 05/23/13 02:25:35 PM
#11419   Hmm it's because of their positive clinical trials announcment? tadukas 05/23/13 12:42:17 PM
#11418   http://news.yahoo.com/osteoarthritis-study-could-joint-replacement-obsolete-2147 Regis999 05/23/13 12:37:31 PM
#11417   Because STSI is considered a bio-drug-stock, it has abew4me 05/23/13 11:51:23 AM
#11416   Update on my experience on Anatabloc: seek the light 05/23/13 11:49:55 AM
#11415   OH my thirsty friend, it will go to comet52 05/23/13 11:15:58 AM
#11414   yes ! IDCCmypension 05/23/13 08:11:34 AM
#11413   so you're saying we should be at $2 jaypequa 05/23/13 08:05:05 AM
#11412   the put/call ratio is that you must looking for. IDCCmypension 05/23/13 07:14:59 AM
#11411   As I'm a new in options does it tadukas 05/23/13 05:24:47 AM
#11410   max pain 1,51 $ ;-) IDCCmypension 05/23/13 04:17:28 AM
#11409   Its just following the rest of the market Thales622 05/22/13 03:50:28 PM
#11408   It's not uncommon for a stock to drop abew4me 05/22/13 03:19:07 PM
#11407   Broke through the 50 D MA, now it NukeJohn 05/22/13 01:09:15 PM
#11406   For the first time since Jan. 11, the starcig 05/22/13 01:04:25 PM
#11405   My buy order got hit today btw. So Thales622 05/22/13 12:35:09 PM
#11404   Probably not, STSI is too small for him Thales622 05/22/13 12:33:44 PM
#11403   TA alive and well, and the science is seek the light 05/22/13 12:32:57 PM
#11402   New today off the anatabloc web page jay10 05/22/13 11:51:31 AM
#11401   Yes, i agree. hacksaw 05/22/13 11:34:37 AM
#11400   Thanks. We've been getting a lot of big abew4me 05/22/13 11:33:34 AM
#11399   Nice Call just4profit 05/22/13 11:25:17 AM
#11398   STSI 1.50sss, love ANATABLOC, taking 9 a day hacksaw 05/22/13 11:23:20 AM
#11397   STSI} gettin jiggly. hacksaw 05/22/13 11:19:40 AM
#11396   I wonder could SAC be our SHORT? Anyway,imo, seek the light 05/22/13 10:44:53 AM
#11395   IMO, The class action suits may be dismissed seek the light 05/22/13 10:03:28 AM
#11394   i say next week when all the fishing mugs57 05/22/13 09:54:40 AM
#11393   I'm going to take a stab at my abew4me 05/22/13 09:26:00 AM
#11392   Thyroid Hormone Signaling and Homeostasis During Aging prov719 05/22/13 02:02:19 AM
#11391   Correction..... The company did issue a corrected Press Release NukeJohn 05/21/13 10:24:08 PM
#11390   Yep. Individual biochemistry is amazingly varied. I know leifsmith 05/21/13 09:49:55 PM
#11389   I agree that the insiders would not consider it. jcmeredith1 05/21/13 09:02:35 PM
#11388   68,077 Anatabloc "likes" on Facebook now https://www.facebook.com/Anatabl Gordon Gekko 1987 05/21/13 07:55:22 PM
#11387   First time caller....long time listener.....love the show. SeeDogRun 05/21/13 06:33:19 PM
#11386   Cholesterol, Inflammation: Damage & Repair leifsmith 05/21/13 05:40:44 PM
#11385   Yup. And we had someone plunk down another abew4me 05/21/13 04:10:29 PM
#11384   TA continues to show strenghting in the STSI seek the light 05/21/13 02:28:59 PM
#11382   Star might want to do joint venture for idcc2006 05/21/13 10:51:17 AM
#11381   There is no definitive date for the release NukeJohn 05/21/13 08:56:13 AM
PostSubject