22nd Century Group Inc (XXII)

[xxiistrong]

I cannot say the source directly but I can say I have seen these deals done many times before. It is very common for these wise investors that hold the upper hand on cash starved start-ups to put in these clauses into the deal. Of course they only elect to "renew" the deal if they have done well and expect to do well again. With the cash starved company having little leverage they usually look at the extra clause as a win/win because they get the extra cash if the clause is activated.

Most companies do not necessarily see the negative side of most deals until they are living it. I'm sure this private investor did not tell management that he plans to flood the market with shares on each spike until he cashes out.

Chardan guys are no dummies either and as they have surely seen these deals done over the years they make sure that they get paid anytime a company gets cash. I would do the same thing if I were them.

I know a name will not be released for the deal but maybe someone will ask management directly if it is the same guy and we can see how that is answered.

Sorry but this is the last post for me today as I only get 3 posts a day for a little while until my account is reviewed....

Go XXII ..... I'm confident in the long term prospects of this company for a number of reasons but mostly due to the current management team. There are always bumps with any company, especially with one that has such disruptive technology like XXII has. It truly is a game changer and at some point in the future someone will pay a hefty price to control the game.