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Henry should have offered to speak to the individual after the meeting, if that's permitted, and if he didn't already offer to do so. If that shareholder wants to unload, he can gift me $14,000 of his shares tax free!
I would like them to pay off the high interest debt with the SBA loan. Anything left over could be used to purchase more inventory to resell/recycle or look to invest/purchase another recycling center. Putting the money back into the company will help the share price recover. Repurchasing shares will increase the price for sure, but then liquidity is reduced. Reinvest any extra cash and let everything else fall into place. jmho
I've heard of a company performing a forward split and a reverse split in the same day (2:1 then 1:2). The reason the company did it was to shake out shareholders who had a small amount of shares. I believe they received cash. With 57 shareholders, I highly doubt any of us hold small positions.
Who is it on this board that has e-mailed the CEO? I know of 1 metal recycling center, 1 tire recycling center and 1 junkyard in my neck of the woods that he may want to look into for expansion purposes. I've been to the recycling center several times and they have trucks going in and out all day long. On one trip, I've seen long tractor trailers going in and dumping steel construction beams from a demolition. I could get the names and numbers of those companies if he wants to perform his DD on companies outside of the Pittsburgh area. The metal recycling center and tire recycling center are in the same small town which is a very depressed area. If they have expansion plans, they could get vacant lots and abandoned homes for next to nothing. The junkyard is Northeast of the city and has several hundred if not over a thousand cars on it's lot. Just an idea to help expansion.
Unfortunately, this stock has flat lined today. It appears those of us who hold shares are comfortable with our position. Those who are bid sitting may not have enough available cash to hit the ask. Either we get someone who finds the value in this stock and hits the ask or someone gets impatient and sells into the bid.
900 shares at $0.0055?
Looks like someone had leftover lunch money. Good choice to buy GNPT.
Great for those who had their bids filled. Hopefully those who bought are in it for the long haul. Looking forward to see what tomorrow brings.
It appears some of these 10K positions are just place holders for larger blocks of shares. I've noticed the past few weeks where a position would get cleared and we'd move up or down to that 10K level. Then a different amount would appear at that level. Look at the NITE ask. They are showing 10K which is a $55 trade. Who would pay a brokerage fee on a $55 trade? Same for CDEL and NITE bid. Both a $38 trade. Am I correct in my assumption that it is just a place holder to hide the actual number of shares? Thoughts?
I can respect that. So somewhere between 1,000,000 and 9,999,999. lol I wish I had the money to by more the past few weeks when it was below 0.0035. I just hope we get buyers in here who are long and won't flip.
How much do you hold, if you don't mind me asking?
Information on Aldista, the distributor in Spain.
"We´re a distribution company that was created for to meet the needs of tobacco´s market sector in Spain, and so take care of demand and delivery of products with quality with reasonable prices and bigger flexibility, rapidly and effectively. We work in collaboration with one of the most important companies in Spain, covering the entire Peninsula and the Balearic Islands, with a commitment of 48 hours delivery within peninsular area and 72 hours Balearic area. Our team is ready to provide the best service to our customers, ensuring a personalized service with the best quality and service."
Information above was gathered from their website.
I'm looking forward to hearing the sales figures of Magic during the second quarter conference call.
Who might that be?
Thank you! Anyone else want to sell me their shares cheap? BMAK? VFIN? Bueller?
I would like to thank the person who sold me their 320K shares at $0.0039. It is greatly appreciated and rest assured, I will take good care of them.
Article by "The Street" issued at 12:40 today.
22nd Century Group Inc. (XXII - Get Report)
Market Cap: $88.7 million
Rating: Sell, D
Year-to-date return: -15.8%
22nd Century Group, Inc., a plant biotechnology company, focuses on tobacco harm reduction and smoking cessation products produced from modifying the nicotine content in tobacco plants through genetic engineering and plant breeding.
"We rate 22ND CENTURY GROUP INC (XXII) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
Net operating cash flow has significantly decreased to -$2.79 million or 144.40% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
XXII's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 64.32%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Tobacco industry and the overall market, 22ND CENTURY GROUP INC's return on equity significantly trails that of both the industry average and the S&P 500.
XXII, with its very weak revenue results, has greatly underperformed against the industry average of 22.7%. Since the same quarter one year prior, revenues plummeted by 100.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
XXII's debt-to-equity ratio is very low at 0.07 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, XXII has a quick ratio of 2.41, which demonstrates the ability of the company to cover short-term liquidity needs.
You can view the full analysis from the report here: XXII Ratings Report
Whoever issued this report needs their head examined. They completely ignored the recent news with the launch of Red Sun and Magic and the partnership with Smoker Friendly. I'm wondering if they are short on the stock. I hope XXII crushes earnings and embarrasses The Street.
Having my bidsitting get filled makes me a happy man. I had an order filled last week at 65 thinking it was going to $0.01. I'm loading up and trying to get them as cheap as I can.
No, wait until my order at 39 is filled. Thank you!
I can understand their frustration with several requests from people on the same stock several times a day. They have a job to do and all these requests take time away from what they should be doing. I'd like to propose just one person on this board request the share structure once a week. Would you agree?
I don't mind at all. Anything that helps get the word out will help all of us in the long run. Except for those who short the stock of course. :)
Let's not get carried away. I like my shares. :) I would rather have them pay off debt and look to expand operations.
We're up $0.10 in after hours trading to $1.49. I think we'll see another run tomorrow than then some profit taking.
Does anyone know if it will be broadcasted? I think Spain is 6 hours ahead of Eastern Standard Time. Wonder if announcement will occur before the market opens.
You're welcome. Thought I'd put it together for those who may not have the time to listen to it.
Highlights from audio interview.
Partner in Korea makes pistons for Kia, Hyundai and John Deere and wants to invest in infrastructure for tire recycling and looking to invest more money in recycling for oil and plastic.
Cost of recycling is cheaper than using raw materials as a result of new technologies.
Looking for revenues of $100 million or more in 18-24 months.
Moving into recycling plastic, cardboard and demolition products.
Study on EPA website provides that 75% of trash can be recycled.
GNPT invested a lot of money in 2014 and had a lot of downtime as a result.
As of the interview, 118 million shares outstanding with $7 million in assets and $3.5 million in debt. Current loans are through a small fund at 18% interest. Received approval for a $5 million SBA refinance loan to pay down debt. Last year they got a little bit aggressive in financing term. Unaware of how a conversion deal really works and was the first time they did it. $40,000 left on a 6 month conversion loan.
Has a 12 acre facility that produces 90% of revenues. Their 3 locations are running at 50%-60% capacity and can produce another $15-$20 million in sales at current facilities. Revenues of $100 million in 12 months will not be difficult to hit.
Key acquisitions are targeted in a conservative 18-24 month time frame.
Believes $0.21 - $0.22/share is more of a fair valuation.
After GNPT obtains more liquidity, they plan on consulting with their attorneys and consultants and may do a share buy back to increase value of shares.
This is information I obtained from the call. Please do not invest or divest based on what I listed above (I could have made a mistake or heard information incorrectly). Please perform your own due diligence including listening to the call
I agree. I own roughly 2% of the float and looking to add more.
I agree. Would be nice for the PR firm to issue talking points which highlight the interview. I listened to it twice and the second time I heard that a company is looking to partner up with GNPT with some cash to open a tire recycling center. It was a multi million dollar partnership. I don't recall which company it was. Anyone else remember?
It must be an independent SF shop as corporate owned shops are supposed to carry Red Sun. I'm doing my part regarding brand awareness. Get the name out there and help revenues grow!
I've seen a few posts today asking to "slap the ask". Just out of curiosity, how many of you purchased more shares on the dip? I added to my position and look to add more. Anyone have a position greater than 5 million?
I stopped in at my local Smoker Friendly store today asking for Red Sun. The cashier never heard of them and asked me if they were cigars. I was proud to show them the "specimen" pack I received in the mail last week. She took my name and number and will have the manager call me to see if she'll order them. On a side note, I saw my accountant as well who smokes. I showed him the pack and told him about the good reviews I've read. I also disclosed to him that I'm a shareholder. He did appear to be interested. I hope my local SF gets some in so I can pass some out to friends.
Your ideas isn't that bad, but I would eliminate letting people try out the different cigarettes for free. The reason is because there are plenty of people out there who would visit several times a day for free cigarettes without buying anything. Instead, sell them the cigarette for $0.50/each. If the customer doesn't like it, they're only out $0.50 instead of the price of a pack. Another idea would be to partner with smoke shops who already provide customers with a place to relax and smoke. I believe this would be cheaper for XXII since there would be no additional overhead to pay for and the smoke shop could realize increased sales and profits.
Great article from November 2014 regarding electronic cigarettes in Spain. Below are a couple highlights:
"The number of shops selling e-cigarettes has plummeted by 90 percent in Spain in just 12 months, an industry body claims, citing lobbying by pharmaceutical companies as one of the causes for the sudden decline."
"There was a boom for the product here, people thought it was a magic wand for giving up smoking, and no (this wasn't the case). It seemed like the market was infinite and there would be enough for everyone, and we can't deny that many of our clients have gone back to normal tobacco, although nobody is going to admit it," the shop owner said.
Based on the second paragraph, could MAGIC 0 and MAGIC 2 be the "Magic wand" Spaniards are looking for? Because the nicotine level is extremely low, MAGIC could be huge! This is only my opinion. Any thoughts or comments?
BTW, I found the article by doing an internet search on "electronic cigarettes in spain". It was the first article that appeared
I had a limit in my mind and I reached that limit before the phone call earlier this week. After listening to that call a second time, I'm going to add to my position every chance I get.
I'm curious as to the mindset of flipping GNPT at this point in time. With 9 million shares traded today, it would appear there was flipping going on. I accumulated 280,000 more shares today and plan on holding a long time especially after that awesome interview. I understand there will be spikes and dips, but to get the timing just right on this stock will be tough in my opinion. I wouldn't want to sell my position right now and miss out on a good run up.
My grandfather was a smoker and he quit cold turkey too. His reason for quitting was they raised the price to $0.50/pack. He thought that was outrageous.
I'm buying more GNPT!
My only regret is not loading up below $0.0035. I was afraid it would drop more after seeing that chart. I have been averaging up and I'm very glad for the poster on another message board for making me aware of this company. THANK YOU!
After reading your post, I just remembered he talked about recycling used oil. He said it was pretty easy and you run it through filters and and a chemical or 2 to clean it up (or something close to that). So it sounds like he'll expand in recycling oil which, in my opinion, will be huge. Imagine selling recycled oil at a fraction of the cost of what new oil cost and having it perform just the same. If he can get a contract to supply a chain of oil change stores (such as Jiffy Lube for example(not an endorsement)), that could be a game changer.
I hope the SBA loan is at a good interest rate. Would love for him to expand, pay off debt and repurchase outstanding shares. Especially if he buys back what Asher dumped and then some.
Anyone going to the stockholder's meeting?
If so, I see at the bottom of the proxy statement that The Buffalo Club has a mandatory dress code for entry into the meeting. "Men must wear dress pants, coat and tie. Women must wear dresses, business suits, dress pants with blazers or formal pantsuits." I'd hate to hear of anyone going to the meeting in a golf shirt and khakis and get denied admittance.
Wouldn't be interesting if XXII becomes a monster and in 30 or 40 years that disappointing "specimen" pack of RED SUN is worth a few hundred bucks from a collector? I'm hanging to my pack as it's a great marketing tool for us investors to help our own cause.
Not just used car parts, but all things recyclable. There's a junk yard that I go to to get money for scrap metal and I've seen tractor trailers dumping steel beams from a building that was torn down. Just imagine the money being made off of that! They have an area with old car batteries, another with rotors and a large pile with washers, dryers, stoves, etc. With Atlanta being a large metropolitan area, I see a lot of room to expand via new yard(s) or acquisitions.
This stock is extremely undervalued. What I find interesting is the number of active shareholders. Am I reading it correctly that there are only 57 of us who own shares?