Thursday, February 04, 2016 12:18:56 PM
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.
Recent XXII News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 10:21:11 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 09/16/2024 09:26:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 05:31:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 01:14:57 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 09/05/2024 08:17:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 01:00:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 01:00:13 PM
- Form 253G3 - • Edgar (US Regulatory) • 08/16/2024 09:27:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 09:25:39 PM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 08/14/2024 04:15:01 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 10:05:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 10:00:20 AM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 08/08/2024 09:00:39 PM
- Form 1-A - Offering Statement [Regulation A] • Edgar (US Regulatory) • 08/02/2024 09:07:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 08:46:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 08:30:17 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 07/10/2024 09:01:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 09:00:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 08:05:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 10:08:59 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 09:22:05 PM
- 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
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