Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I just received a call from XXII offices soliciting my vote for #1 on the proxy statement...which she said is important!... It is intended to PREVENT A HOSTILE TAKEOVER!....
make sure you vote for the proposition #1.... TD Ameritrade never actually sent the proxy to me...so you might have to call your broker for it.
ps... Never had a company call me about a proxy statement...could be a very interesting development here.
Looks like full commitment is for $4M or up to 44,000,000 (4M plus 10% additional shares as commission) at .10
First infusion approx. $2.4K or 26,400,000 shares issued. ... that would be the basics...did not read entire agreement for any additional rights....
Yep... and as an astute XXII investor who is invested and following the stock told me:
"Don't know of any "traders" who were ever on Forbes 400 "....and I am very certain "Chicken Little" has never been either"
AND....
When they sign onto MSA they will be the only co in the world to make the VLN cigs.
They create a new product category in a 700b space...try to find any co that can do that with this valuation.
Thanks perk...just commenting as I hear it, read it and see it...DD included a 45 min. conversation with MSA last week..."its the process"
James...XXII is still fine on the weekly charts...IF you want to get a clearer perspective...if you dont...you can use the 5min chart (or 1min)... )
of course...there is no agreement on proposed acquisition so throw how downturn would play into negotiations into the mix could be even more dilution...
I'll wait and see...
lol...well James...see you sold and want to buy back lower...
ps. Not Hitting 50sma...and braking 200sma way over the top...no less braking it...we dont follow the general market...
its also why Dell is not the answer for marketing Glassware/ SPIHF...no interest in promoting a patch...when they gain much more from "timed obsolesces" and replacing XP's with new computers running on MSFT 8
seems like "dark pools" are even more of an issue for market transparency then HFT...Lewis will have to come out with a sequel
yes...and they have the solutions..."we can sell you a new computer"
If Glassware can make a computer or mobile device as robust as a $5k gaming computer...it will be very disruptive in the Gaming Industry...wondering how it would wash out?
What is the incentive for a Dell to provide a fix from Microsoft Xp system...wouldn't they want to sell an new, more robust Computer with new operating system...and not promote a fix?
On the otherside of the coin, it is my understanding that a Microsoft 8 would work on a computer currently running XP...so why no just upgrade?
FOLLOW THE BUYING....with our "resident" Inside Buyer gobbling up over $7 this last week (with Friday alone laying down over $300K in the open market) should wake investors up...but obviously some would rather penny pinch to lose possibly tens of dollars...
Great update from HTFBS today on Spiffy...cant say you weren't warned.
Don't know where you are coming up with " We may not get another chance to be on the record for another year."
THAT IS NOT ACCURATE...there is no time constraints on satisfying AG's...it is an on going fluid process...AG's sign off with XXII and only left with stragglers...IF ANY!
If you read the detail any Tobacco company has to go through...you would understand...its neither unusual nor unexpected (except for those uninformed about the process).
Its a question, answer and clarification process for those who might have questions beyond the committees summary. Its like a high profile individual "getting married" ...family does thorough review...
After all "they will be dealing with each other forever" ... If I were to take an educated guess...MSA would say they "know of no problems" ... "its the process"...IF there is a holdout...parties are expected to "negotiate"...after all, the other AG's want their share of revenue for their respective states... and NC AG want in addition...JOBS
Gator...outside of the dilution issue...your points are well taken from a trading position...not sure if they are legitimate from a fundamental one...
My point was that while the committee may have recommended approval...negotiating some fine points for individual states is the only issue I would anticipate has slowed down the process...this included (and most importantly) monies where previous sales that have taken place.
And AG's are not known for micro-managing issues in office...they are delegated to Assistant AG's and they no doubt have an AAG in each state handling and interacting with the MSA.
Its like Judges...do you really think they write their own decisions?...they tell their law secretary..."I am going to find for ....! Now go find the law and arguments that will support my position"
Guy on top delegates, directs, reviews grunts work and then signs off. Work doesnt stop even if AG on campaign trail...instead of having fat cat lunches or having news conferences on last bad guy or company they are going after...their venue just changes to campaign trail and lunches with big donors...
The grunts work goes on and AG likely will ask
"What do you think and why?" "I need to know why I am signing this, if someone asks" to his grunt...then signs off...
IMHO...bottom line...just house cleaning on MSA...look ahead to MMJ...and the 12th.
And there are many reasons (many of which are unrelated to company's performance or anticipated success)...
...but only one reason why an INSIDER BUYS! (especially with sizable $s)
I described the process...not necessarily where they are in the process. IMHO, with the time that has passed, one would assume they are well beyond the working group, and nothing I stated would imply anything to the contrary...(except a state could have an individual question for XXII that it wants clarification on AFTER NAAG working committee's positive recommendation)
Your supposition I believe might one reason for the delay...but we are well beyond Jan. now, and new AG would take office 3 months ago...so by this time everything should be up and running ... and functioning as well as government can function.
IMHO...it wont be much longer...all state governments are looking for additional revenues...
The timing is not something they can control...timely complying with and fulfilling the requests within process they do control.
And lets not forget...with this disclosure would be communication to the State Attorneys General that XXII is supplying FDA with all its product for VLN study...IMHO a biggie in scoring points with SAGs and the states.
There is no specific time-frame or "schedule" within which the acceptance by NAAG of offer by a tobacco company to join the MSA takes. It is a long process. An investor cannot draw a conclusion regarding "difficulty" or "impediments" based upon the time it has taken or the time it will take.
It involves the review of documents by all states and territories who are members, and answering questions, having discussions and making clarifications, if necessary. It a process without a dead-line. Questions and answers continue until all parties are satisfied.
The process is shepherded by a smaller group of State Attorneys Generals who form a "Working Committe". IMHO the NC AG is probably the lead AG on the Committee. Since NC has the most to gain, i.e, not only in tax revenue, but employment in the state, I would expect NC AG to almost be XXII advocate in moving the process along as quickly as possible.
The process appears to be no less cumbersome than up-listing onto an exchange, involving providing information requested by NAAG to the satisfaction of the states and territory parties to the agreement.
It includes:
1. Committee informs management what information must be submitted for review.
2. Once all documents have been submitted, the Committee reviews and could request additional information and clarification. (Similar to up-listing process).
3. Once the package is "complete" from the committee's perspective, the MSA staff forwards to all the other states and territories for similar review, (though it is presumed complete), where they can ask questions, request clarifications and additional documents.
4. No state telegraphs publicly their acceptance before others. Once they all agree on the terms and conditions, then XXII joins (becomes a signatory to) the agreement becomes effective (and IMHO likely, XXII will announce, or jointly)
5. The process is tedious since the information and review involves: disclosing all Officers and Directors of each company affiliated with XXII by corporate structure or by agreement (including companies to be acquired),their respective experience in the industry, a business and marketing plan (sorry to disappoint you folly), an accounting of past sales of each brand in each state, previously sold by company seeking to be a signatory to the agreement, review of manufacturing facility, management of the plant and their experience, brands proposed to be manufactured there, distribution plans..etc, etc, etc.
Key elements in consent to the joining into the MSA is the experience of all involved, including Officers and Directors, but also Management, as well as having in fact a manufacturing facility (vs. contracting out) or having not facility in which to manufacture.
One would assume the states desire as much income as possible from the MSA to offset state health costs. But at the same time, they are going make sure they are dealing with management which plays by the rules...esp. on financial integrity issues.
IMHO...Chardan's telegraphing April/May probably means just that. The company expected the process to be completed by now, but we are dealing with prior manufacturing by third parties and accounting for sales, an acquisition with management coming on board, a new plant with management...etc...
So it is clear XXII expected it to be done with the back and forth by now. Maybe Guam asked if the cigs are being shipped by air or sea?..Who knows....but again, time is not indicative of a problem...just the process, which is cumbersome and thorough. NAAG want to "lift up the skirts" on everyone they are dealing with. If XXII did not have well experienced tobacco management on board or coming on board, or did not have a facility and experienced management to run it...then I would worry...but they do and I am not. But that is IMHO.
Regarding postponing the AGM...that would have required a new mailing of proxies etc and 30 day notice requirement etc. While we have been waiting for MSA news...other important SP news could be forthcoming.
News Friday before the meeting, at the meeting or Monday after the meeting?...I would expect it...one of those days...and my anticipation is, if we do not have MSA by the meeting...IMHO other almost equally "stimulating" news is likely.
Investors lose elsewhere ... they make the wrong move...and sell their winners...lock in profit (also limit their upside recovery)
E-Cig...NOT the SPACE TO BE IN...Article (Front Page) today in New York Newsday....strict regulation and studies could be coming:
http://www.newsday.com/news/health/report-complaints-of-e-cigarette-poisonings-on-the-rise-1.7602474
"Accidental exposure to nicotine in e-cigarette refills has fueled a dramatic jump in calls to poison control centers, according to federal health authorities, who say the substance triggered eye, skin and inhalation injuries.
Kids drank flavored e-liquids, lured by deceptively sweet odors. Adults got squirts of nicotine in their eyes and through the skin. Nicotine poisons people when appreciable amounts of the substance are absorbed, inhaled or swallowed.
Calls to poison centers have largely involved e-cigarette vials used to refill the devices. Phone calls to poison centers rose from one per month in September 2010 to 215 monthly by February of this year, researchers at the Centers for Disease Control and Prevention reported Thursday in its Morbidity and Mortality Weekly
More than half the calls to poison centers were about children exposed to toxic levels of nicotine, but 42 percent involved people 20 and older, also suffering from nicotine exposure."
Not "a nice try"? ...go to the link and you will see what was reported on the front page of a the only L.I. New York newspaper ...smack in the face...
neutral on this stock...looking for a reason to invest...but dont see it until more transparency in:
1. Secondary Offering and terms (dilution), and
2. LOI...what's the "suggested" transaction going to be about and will it too be a big fat dilution deal,
3. Rumblings about RS...which will ultimately cram down SH % in the event of additional financing.
4. What makes this Company so different from the rest of the crowd?
5. What regs are coming down the line to put a damper on Advertising and Marketing e-cigs...
IMHO...States Attorneys General would love to bring this into Master Settlement Agreement...they want tax revenues and will want participation in payment to the states for future health risks involving e-cigs (a good thing for e-cigs in the long run...protects them from lawsuits)
When I get most of the answers to the above...then I will decide if it is worthy of investment...
With FDA seeking out XXII for its VLN trials and purchasing its product for the test along with XXII's expertise in the area...
XXII should be looked upon favorably to be picked for this little tid-bit referenced in the Chardan report:
"The FDA also intends to award a $6.7 million sole-source contract for cigarette reference products to create a high-quality database of different cigarette characteristics including, tar, nicotine, carbon dioxide, and HPHCs (harmful and potentially harmful constituents).
The reference cigarettes could also be used as a benchmark for companies seeking to apply for modified-risk products with the FDA. 22nd Century has partnered for this contract, which is scheduled to be awarded this year. We have not included this in our estimatesalthough we think the company is a serious contender for the award."
Wondering if this "Partner" has an English accent or a pharma with Pfunny name?...both of whom are involved with XXII on projects in this area.
NOT the SPACE TO BE IN...Article (Front Page) today in New York Newsday....strict regulation and studies could be coming:
http://www.newsday.com/news/health/report-complaints-of-e-cigarette-poisonings-on-the-rise-1.7602474
"Accidental exposure to nicotine in e-cigarette refills has fueled a dramatic jump in calls to poison control centers, according to federal health authorities, who say the substance triggered eye, skin and inhalation injuries.
Kids drank flavored e-liquids, lured by deceptively sweet odors. Adults got squirts of nicotine in their eyes and through the skin. Nicotine poisons people when appreciable amounts of the substance are absorbed, inhaled or swallowed.
Calls to poison centers have largely involved e-cigarette vials used to refill the devices. Phone calls to poison centers rose from one per month in September 2010 to 215 monthly by February of this year, researchers at the Centers for Disease Control and Prevention reported Thursday in its Morbidity and Mortality Weekly
More than half the calls to poison centers were about children exposed to toxic levels of nicotine, but 42 percent involved people 20 and older, also suffering from nicotine exposure."
no...only suggesting one way and it would not be "a few cents" per chip...lol...and it could be every device maker...incorporating
They make money selling their utility products...as everyone else does.
Possibilities...hummm
Tablets alone for 2013 almost 200 million units @ $3 per unit is $600M in revenue... Then Smart phones, Laptops etc. ...
IMHO...potential $1B plus in revenue
Glassware can be embedded into a chip ...for "platform on a chip"...that could certainly breath new life into INTC!
"If Glassware 2.0 can be added to existing technology, like the above what else can Glassware 2.0 do?"...IMHO...dizzy will find out, relatively soon!
Liquid nicotine...can be lethal if injested by infants...deaths reported...one suicide by adult drinking..
Someone want to buy lower....flashing large number on ask...tactic to drive lower or contain price...most likely to buy lower...
If they were real sellers...they would chip away and sell...not flash..
foolish maneuver...esp. with April 12th coming soon and question of when the other's activity to date will be reported.
hey but I'm not complaining...drives my other stock up and give opportunity to buy more XXII at lower SP.
oddly .... they expect to "close" deal within 30day... WITHOUT A CONTRACT?...doubt it...they must disclose the deal...how SH friendly will it be?
"maybe some reefer" is the reason...
Company is not going to close on a LOI...there will have to be an announcement of a definitive agreement containing terms and conditions for this to be taken seriously.
great deals for SH are disclosed...others are not...could be good, but why not release the terms of the deal...
(unless they are afraid of another suitor coming in to eat up JAK...)
dont really know.
DILUTION...how much is VAPO paying for JAK and how much dilution will occur?...
Is it going to be accretive?
Why is VAPO NOT revealing the terms of the acquisition...that bad????
ADD 12 for 1 RS rumored...we could end up owning a mere fraction of VAPO.....25%
Just so we don't have a barrage of BS...about the transaction just reported:
Henry S. (President and Sec) of XXII...had "warrants" in an LLC (probably a family trust) and "TRANSFERRED" out some of those warrants to MEMBERS of the LLC (probably his family).
THIS WAS NOT A SALE...but a shifting of assets within a group entitled to those assets...
its called...spreading the wealth...
Well ARBITRARY...I am personally disappointed that you are personally disappointed in the company's news flow...
News JUST yesterday by XXII of significant (almost complete) reduction in "anti-dilution" holdings was a a very significant news event...for the institutional market's interest in investing in XXII...though it seems to have gone over the heads of many retail investors...
And HTFBS newsletter was a re-affirmation (not a "softening") of its view of XXII especially connecting the dots...to what some would call "speculation"...
Makes me wonder if you are a sub...or just trying to have a sub reveal the "specifics" of the new significant enlightenment in the commentary... hummm
IMHO...the buying on dips today...pretty much confirms...there was no softening ...but rather "hardening" of HTFBS view of XXII.
big shorts need to get it down with help from MM... they could even be doubling down...thinking it will still ultimately denied...