22nd Century Group Inc (XXII): Nice post - you hit the nail on the head...

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22nd Century Group Inc (XXII)

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Re: Asyp post# 25550

Friday, 05/29/2015 10:42:07 AM

Friday, May 29, 2015 10:42:07 AM

Nice post - you hit the nail on the head. Given XXII's current run rate and its need to continue moving forward with its product launches, which obviously is in shareholders' best interests, we needed cash soon from somewhere. The alternative funding options you mention aren't feasible for the reasons you state. Overall this is by far the "least bad" way forward. In 12 months, the dilution this causes will largely be forgotten; I'm confident that the size the XXII's overall pie will be much larger then.

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Recent XXII News

Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/10/2024 04:15:19 AM
Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/09/2024 08:30:44 PM
Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 09:30:52 PM
Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 09:10:59 PM
Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 09:30:25 PM
Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 01:30:13 PM
Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/24/2024 09:31:00 PM
Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 09:30:18 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 01:04:11 AM
Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 09:30:31 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 10:02:41 PM
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Form 8-K - Current report • Edgar (US Regulatory) • 11/27/2023 09:56:49 PM
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Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 11:01:36 AM
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Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 12:30:19 PM
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