22nd Century Group Inc (XXII)

[timorr]

Just recieved a phone call from Century 22 President Henry Sicignano. Really great guy. Very open and confident. They are waiting for the two 2nd phase results which he deems very important. After that , they will go to 3rd phase FDA trial. He predicts it will take one year and that includes the six months result time. He estimates the cost will be around $10 to $12 million dollars. That's really cheap. Most FDA 3rd phase trials take 3 years and cost $500 million and up. He say's odds are they will partner with a big pharma to pay the trial cost in return for future licensing consideration (think no dilution). If you ever thought of riding a stock out to see how far it could go , this is the one. Management owns over 5 % of the outstanding shares because they KNOW what they have.