22nd Century Group Inc (XXII)

[xxiistrong]

First post here but I have been investing in this company for a number of years and following the posts daily since I first got in. I've seen a lot of great posts here and a lot of bad ones too. I finally decided to get off the sidelines and start adding my 2 cents every now and then...


Like all of you, when I saw yesterday's press release I was very disappointed that management gave out another block of shares at a discounted price. I am not 100% sure, it's more like 90%, but I believe the deal is with the same private investor that received 6M shares last year and that has been selling into any good news that has come out and in the end has resulted in the stock price not appreciating the way it should have.

The current deal I believe was a continued extension of the first deal and I don't believe management had the ability to refuse the offer. I believe it was at the discretion of the private investor.

So the bottom line is, we are probably in for the same sell off of shares from this guy again, probably when the stock is between $1.35 and $1.50 so he can make a cool 22% or greater return on his cash over the next 6 months or so. Hopefully we can have some big news hit and this guy can unload his new shares quicker and we will all be better off.