22nd Century Group Inc (XXII)

[Big bucks]

Because he is a Former CEO who was terminated without cause...given great friendship with Henry, Joe was given a set on BOD...not only given a seat...he is a BOD until at least 2016...Joe is around for a while. And get this, he is being considered for Chief Technology Officer....yup, he was terminated...yup only company I know of that terminates a CEO then places him on board...oh wait, FYI. Joe sold shares almost immediately when shares listed on NYSE..yup he did and get this, he sold at the high...go figure...now he continues to sell more shares just last week at appx .94 cents a share...so his willingness to sell more shares at less than a buck tell me upcoming qtr will be dismal...PS I have no clue as to what the details are regarding a lawsuit between xxii and Joe...I do know there is an article on Google explaining the former CEOs manipulation of stock...yup ...lot of negative issues here....I see this dropping back to 40-50 cent range upon release of qtrl numbers....the salaries are too high, revenues to low, debt massive, stock being diluted and termoil within continues...lol