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Assuming a buyout occurs soon, what price do you think one of the giants would be willing to pay?
Is ADMD a ticker symbol? For the company whose stock has fallen from $.40 to $.0014 in the last 5 years? If so, it would only "rule" if you were a shorter. Are you shorting XXII?
Per Schwab, expected earnings are -$.03, down from -$.01. They state that is based on one analyst's estimates.
If the presentation is this Thursday you would think the location would have been determined by now. What's up with that?
Happy for the company to be getting increased exposure but concerned that the location of this presentation has not been determined and/or announced.
Interesting...thank you very much for the update.
If outcome was positive and definitive wouldn't XXII's legal team (via investor relations) issued a statement by now?
Any updates from the 9/2 Pandolfino/XXII court date? Seems as if we would have heard some news by now...
Volume sure would help...only $23k worth of stock has changed hands today. I am confident that volume will come in time.
Thank you Karin!
8/13/2015 per Daily Finance
My apologies - that date/time was just the time stamp for the most recent stock quote. When should we expect the earning's report to be released?
When are the earnings going to be released? XXII website says they were scheduled to be released today at 4 pm EST
Such a different song from the one you sang on 6/19 and 6/20. Nothing material has changed. Sure, JP sold a very small portion of his shares recently but nothing else except the debacle in Greece has affected XXII since your earlier upbeat posts.
Hmm...is FDA working with e-cig and vape companies to reduce smoking addiction (nope, VLNC is XXII's product) or determining what regulatory measures will be put in place for their products (yep, stay tuned for the regulations)? Please bash elsewhere...but thanks because whenever you show up an XXII PPS increase usually follows...
For starters, a move from CEO to CTO is not a promotion. Beyond that, the wording of the release seems to be a clever way on the part of the company to manage damage control while they determined the extent of his bad behavior/decided what next steps they should take.
By keeping Joe on the board, XXII is ensuring that he has to abide by SEC rules regarding insider trading which allows XXII to manage his trading activity. The company is releasing new and relevant information on a regular basis now...Joe can't buy/sell stock at will given that he is still an insider and has had material knowledge of these developments before the rest of us have. Given Joe's renegade and damaging trading history this is a very smart defensive move on the part of the company.
Joe could step down from the board, completely sever his ties with the company, forfeit his "insider" status and sell his shares on the open market. However, he would have to be insane to leave on his own volition because he would be walking away from his potentially lucrative stock options if he did. Joe may lose his stock options if XXII wins their case against him, but it would make no sense for him to walk away from them just to be able to torpedo the price on the open market in an act of retaliation.
That was my point, exactly
And how many times have
Perker's predictions come true? Very few...
Fox News is a conservative entity. Per statista.com, 97.5% of the tobacco produced in 2014 was grown in a red (ie conservative) state. It is unreasonable to expect Fox to support XXII given that the company and its products will negatively impact the economic viability of their viewers' home states.
Thanks
Mike,
If you are adding back in why did you "remove" XXII from your watch list. Just curious.
As of last week Schwab began coverage of XXII and assigned it an equity rating of D (underperform - sell). Rating not surprising given lack of revenue, negative earnings, etc. However, I take it as a good sign that very reputable brokerage firms are beginning to analyze this stock. XXII has gotten their attention...
True, but $2.68 is $1.07/share (29%) lower than the stock price was less than one month ago. I'm definitely long XXII but following the stock price is certainly trying my patience in the short-term. I have to remind myself often to keep the long-term potential in mind.
I hit send by mistake after typing an A...my bad. Thought I had it removed quickly enough that no one would notice, apparently you were too sharp for me to get away with that.
I am not "Grover"...that was my Dad's nickname. He passed away a few years back but he always made it a point to let all four of his children know how proud he was of them. My "handle" is my way of reminding myself to keep making Dad proud (although I doubt he's very excited about my recent returns on my XXII stock!).
GLTA
Friday's news (below) should increase cigarette makers' demand for XXII's intellectual property-
FLORIDA JURY SLAMS RJ REYNOLDS WITH $23.6 BILLION IN DAMAGES
MIAMI (AP) — A Florida jury has slammed the nation's No. 2 cigarette maker, R.J. Reynolds Tobacco Co., with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer in 1996.
The case is one of thousands filed in Florida after the state Supreme Court in 2006 tossed out a $145 billion class action verdict. That ruling also said smokers and their families need only prove addiction and that smoking caused their illnesses or deaths.
Last year, Florida's highest court re-approved that decision, which made it easier for sick smokers or their survivors to pursue lawsuits against tobacco companies without having to prove to the court again that Big Tobacco knowingly sold dangerous products and hid the hazards of cigarette smoking.
The damages a Pensacola jury awarded Friday to Cynthia Robinson after a four-week trial come in addition to $16.8 million in compensatory damages.
Robinson individually sued Reynolds in 2008 on behalf of her late husband, Michael Johnson Sr. Her attorneys said the punitive damages are the largest of any individual case stemming from the original class action lawsuit.
"The jury wanted to send a statement that tobacco cannot continue to lie to the American people and the American government about the addictiveness of and the deadly chemicals in their cigarettes," said one of the woman's attorneys, Christopher Chestnut.
Reynolds' vice president and assistant general counsel, J. Jeffery Raborn, called the damages in Robinson's case "grossly excessive and impermissible under state and constitutional law."
"This verdict goes far beyond the realm of reasonableness and fairness, and is completely inconsistent with the evidence presented," Raborn said in a statement. "We plan to file post-trial motions with the trial court promptly, and are confident that the court will follow the law and not allow this runaway verdict to stand."
The lawsuit's goal was to stop tobacco companies from targeting children and young people with their advertising, said Willie Gary, another attorney representing Robinson.
"If we don't get a dime, that's OK, if we can make a difference and save some lives," Gary said.
The verdict comes the same week that Reynolds American Inc., which owns R.J. Reynolds Tobacco Company, announced it was purchasing Lorillard Tobacco Co., the country's No. 3 cigarette maker, in a $25 billion deal. That would create a tobacco company second only in the U.S. to Marlboro maker Altria Group Inc., which owns Philip Morris USA Inc. and is based in Richmond, Virginia.
The deal is expected to close in the first half of 2015 and likely will face regulatory scrutiny.
"I would rather see the tobacco industry punished to the tune of $24 billion than see them spend $25 billion to consolidate their power," said Scott P. Schlesinger, a Fort Lauderdale attorney who has sued tobacco companies in Florida.
He's won damages ranging from a few million dollars up to $75 million, but he said Friday's verdict was inspiring.
"I have such admiration because they followed through. They let the jury speak without restricting them. We were afraid — we asked for smaller amounts," said Schlesinger, who added, "If I get to the punishment phase (in another case), I'm going to be mighty tempted."
In June, the U.S. Supreme Court turned away cigarette manufacturers' appeals of more than $70 million in court judgments to Florida smokers. Reynolds, Philip Morris and Lorillard had wanted the court to review cases in which smokers won large damage awards without having to prove that the companies sold a defective and dangerous product or hid the risks of smoking.
The Supreme Court refused to hear another of the companies' appeals last year, wanting the court to consider overturning a $2.5 million Tampa jury verdict in the death of a smoker.
Other Florida juries have hit tobacco companies with tens of millions of dollars in punitive damages in lawsuits stemming from the original class action lawsuit.
In August, a Fort Lauderdale jury awarded $37.5 million, including $22.5 million in punitive damages against Reynolds, to the family of a smoker who died at age 38 of lung cancer in 1995.
Attorneys for Reynolds said they would appeal, arguing that the woman knew the dangers of smoking because cigarettes had warning labels when she started. The attorney for the woman's family said teenagers like her were targeted by tobacco companies.
Some large jury verdicts awarding tens of millions of dollars in damages to relatives of smokers have been upheld by appeals courts.
In September, the 3rd District Court of Appeals affirmed $25 million in punitive damages and $10 million in compensatory damages against Lorillard for Dorothy Alexander, whose husband died in 1996 of lung cancer. Lorillard, based in Greensboro, North Carolina, unsuccessfully argued the damages were excessive and raised a number of other claims.
The 1st District Court of Appeals upheld in June 2013 a $20 million punitive damage award to another smoker's widow, more than a year after reversing a $40.8 million award in the same case against Reynolds, based in Winston-Salem, North Carolina. After the appeals court rejected the first award as excessive the award amount was recalculated. The tobacco company still objected.
Messages left Saturday for spokesmen for Lorillard and Altria were not immediately returned.
I agree...I was rude to you and I apologize for that.
Are you Peterbilt's boss?
Interesting. For someone who refers to himself in the post I'm responding to and others as a "sipple" investor and someone who is "not a chart reader" I'm not sure how/why you take the time to post elaborate charts for the rest of us. Concerning to me because I wonder if you are not a paid pumper...setting us up for the big dump. I believe in XXII, but the dramatic price swings are stomach wrenching and there are folks who are paid to drive the price up and their bosses will pay others to drive the price down with conflicting posts when it behooves them to make the price drop dramatically.
Excuse my ignorance but not familiar with PSS newsletter. What are you referring to? TIA
Bell ringing is now scheduled for mid-July, not June...how did you miss that given that you are on the inside track?
Misanthrope,
You aren't mistaken and, as I recall, you yourself alerted us with regard to the announcement. Thanks!
Ummm...remember that boat named The Titanic...just sayin'...
Now THAT'S something to get stressed about. Geez...so that's what our exorbitant capital gains taxes pay for!
June is three weeks away...no need to stress too much yet...I don't see the 0 - $1.00 range as an option, btw.
I thought so, even though I didn't buy low, sell high like the master trader babooyah and his cupcake!
Thanks for the unsolicited advice lolzz
Would the federal government take issue with/action against some big tobacco company buying XXII and then discontinuing the Spectrum cigarette production to protect the interests of "Big Tobacco"?
Bababooyah, bummer that you couldn't have timed it better and gotten out at HOD so far of $2.92.
Not sure how ARNA appeared on your radar...you seem to focus on penny stocks ($.001, $.018, $.020)...interesting.
But weren't you the one just telling us to dump all of our shares...doom and gloom, etc. and coaching us on the misery of being on the grey sheets?