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dido
IMHO...we investors here just getting too fixated on exact date to expect MSA...Co..."very soon"...Chardin..."April/May"...we are splitting hairs...(no one is doubting it)
...and AGM coming up April 12th with more news...or even before...we will know when we know...
must be getting paid by the transaction...
.... so annoying...but it looks like they are getting bored with this one...
Who knows...with MSA still projected April..(or according to Chardan's expectations April/May)..they probably will not, but could as a "fall-back" position in the interim. IMHO...it would put pressure on MSA to approve quicker if they "announced" it or that they announced that were reviewing export ...
How embarrassing...a U.S. company selling "safer cigs" in EU and ROW...while bureaucrats...take their sweet time signing docs and prevent U.S smokers from getting "safer" product...(even though it can not be advertised as such)
Come on guys...this is a very old report with no date...when Market Cap was $34M...
....stock was sub $1 at the time and they put a $5 price target on it...
....we are well beyond that with, BTI income, new plant and ATTTF approval...etc.etc.etc.
IMOH...WHAT INVESTORS DONT REALIZE....while XXII is waiting for MSA
new ATTTF approval...XXII can manufacture product in NC...XXII can start producing VLN and VLT cigs for REST OF THE WORLD and export immediately....
.... to sell to rest of world while MSA procrastinates... is now their "fall back" position and that is HUGE $$$$$...
IMOH...WHAT INVESTORS DONT REALIZE....is XXII can start producing VLN and VLT cigs for REST OF THE WORLD and export immediately....
new ATTTF approval.... to sell to rest of world while MSA procrastinates... is now their "fall back" position and that is HUGE $$$$$...
While they mention anticipation of April/May for MSA, Chardan target's sp of $9.00 in report
good observation Dane.
Its always been a likely outcome...and IMHO...would command a substantially higher premium to today's price.
...we know a hostile bid would encourage more to enter the frey ...so we would have three bidding against one another...even though BTI would have some superior rights.
IMHO...the competition would not let BTI take it without paying for it dearly. The question is how high would it go?
If MSA acceptance takes any longer...(beyond April 12th)...
XXII has approval to manufacture cigarettes and tobacco products in the U.S....they can just export and not sell in U.S.
(22nd Century Group Subsidiary Goodrich Tobacco Company Granted Federal Permit to Manufacture Tobacco Products)
Although they wont, for clarification they can, immediately manufacture and sell in U.S. now, but they would not get the blanket protection MSA membership affords, without being a part of it.
It would be productive right now to secure overseas distribution, open plant now, manufacture and export for distribution overseas....end of story.
Van
IMHO XXII does not have to "open a...manufacturing facility outside the U.S." and sell anywhere but the U.S."
The have approval to manufacture in the U.S....they can just export and not sell in U.S.
(22nd Century Group Subsidiary Goodrich Tobacco Company Granted Federal Permit to Manufacture Tobacco Products)
p.s. ... for clarification they can manufacture and sell in U.S. now, but they would not get the blanket protection MSA membership affords, without being a part of it.
Secure overseas distribution, open plant now, manufacture and export for distribution overseas....end of story.
absolutely correct...we filled all gaps...with today's action.
lol...now you are getting all worked up over nothing. I said it depends upon your skill set and the particular stock (high beta, low beta)at the particular time you either write a "covered call" or buy a open call.
If you are confident that a stock is not going to appreciate over a period of time, you can write a Call against it, collect the premium and be limited to that profit. But if you believe a stock is going to appreciate significantly over the same period of time...you then have the opportunity to buy an option at a fraction of the equity price and ride the appreciation of the full value of the equity for the length of the option.
And another variable is whether the option premium is "inflated" at the time of the transaction contemplated...therefore, which is more advantageous depends on many factors at the time of the transaction.
So based upon your premise...it would be safe to assume you are writing Calls against XXII collecting the premium and limiting your profit to the premium collected, rather than appreciation which is anticipated to occur with MSA approval?
Two observations on analysis:
First:
"A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders." (are they referring to 95k share sold by JP out of approx 7M shares traded in the last 7 trading days?)...appears to be very inaccurate as far a insider forces...other "strong forces" have been in play...but subsided to close within 20sma range.
Secondly:
The long term trend has been DOWN since Mar 14th (three days make a "long term trend"?)[color=red][color=red][/color][/color], 2014 at 4.5. IMHO...Not long enough time measurement...even 5 days to conclude a "long term trend".
selling a call IS shorting a call... Selling a "covered call" means you are using the stock as collateral for the call sold short. Otherwise without the stock as collateral, you need substantial margin to sell a naked call.
correct you are Ryboi
wrong....no action taken either way until expiration date...basics of option trading!
Interesting how governmental agencies often put out RFP (request for proposals) written in a way that only one company can fulfill...hummm
neither is superior...it depends upon your knowledge of options and skill set...to not put it in the context of a specific trade is useless.
lol...)
Oh you mean they were not a group of preppie financial news guys from Mid-East Pennsylvania?
gollie...think they were playing it straight?
Hey...If FTC has a problem the TRIAD ...BTI, Reynolds and Lorillard...I know another company that would take a $60 a share in BTI shares for its company....hehehehe...
Unless your brokerage reflects "buying" or "selling" of options...you dont know if they sold them short or covered call selling or naked calls buying.
Years ago, PreferredTrade was the only Brokerage that reported if they were shorting the option or bullish buy. They are were absorbed...but dont know by whom.
No doubt not a "mistake". It would not surprise me if there were collusion between Analyst Ratings or an employee therein (Arab)(http://www.analystratings.net/ratings/USA/latest/) and THE MIDEAST TIMES...( http://www.mideasttime.com/22nd-century-groups-sell-rating-reaffirmed-at-chardan-capital-xxii/97073/ ),a group of young Arabs in the mideast...without valid Telephone contact numbers.
All they need is a buddy in Analyst Ratings to "make a mistake" and put out an erroneous "Sell" recommendation attributed to Chardin, with THE MIDEAST TIMES group, further disseminating it with while NAKED SHORTING it. What is the SEC going to do to THE MIDEAST TIMES?...they just reported allegedly innocently the Analyst Ratings report...while Naked Shorting it from where ever. (Since they have no jurisdiction over them anyway...there is nothing they could do)
Anyone wonder how and why a Mideast Financial News "firm" would pick up a NYSE stock only trading less than a week on new exchange?
Anyone wonder how a so flagrantly "false" and "falsely constructed" news release could get released by them without someone putting out the FALSE material information "intentionally" and "knowingly"?
That's my theory and I am sticking to it....
Question .... will it continue to be shorted?
I asked them to...the company has been informed to and I asked for a response from them
http://www.mideasttime.com/writers/
F'n Arab BS artist trying to manipulate the stock...put out a bogus press release ...misstating Chardin's "Buy" rating...
we may have found the source of our manipulating SHORT!
Confirmed by: Chardin's Research Group, please contact Jay Srivatsa at 646-465-9065...absolutely incorrect ..."We have a buy rating on the stock"
I called Chardin...they said categorically they DID "NOT" PUT A OUT A "SELL" Recommendation on XXII! They have not changed their analysis of XXII.....
BOGUS!
Chardan Capital Markets, LLC, 17 State Street, Suite 1600, New York, NY 10004 (646) 465-9000
would not appear to be related to MJ, since the "field of use" was not amended and remains... Nicotiana plants and tobacco...
You might be correct on the March Market selloff...for the GENERAL MARKET...(or black swan event), but those selloffs usually do not apply to microcap stocks (like XXII)which are not heavily invested (or even somewhat invested)in by the institutions and funds, or even index funds at this point, who use black boxes (algorithms) to buy and sell.
Right now XXII is owned by insiders, retail and to some extent, Sabbby...who may or may not have gone through their second liquidation this past week.
Perhaps better advice and bet (if you believe in what you are saying) to give to yourself is for you to short or buy puts the S&P and Dow in anticipation of your March Selloff of the indexes. To anticipate any individual microcap stock being sold off...since they are usually event driven and guided by their own fundamentals...may not be a valid assumption.
And by the way...TOBACCO is always a "safe haven" in general market "sell-offs"...and incorporated into algorithms....hummmm
... Or maybe BTI wants to expand research with xxii technology into med marijuana to gain access into U. S. MJ Market?
too much smoke billowing for there not to be a significant "fire"...
IMHO...management doesn'tt accelerate a AGM by 5 months without a "positive" reason...nor do they request a CTO to keep "developments" under wraps, unless its materially good (yes...CTO cannot be used to hide bad news)...especially when there is so much "potentially" good news brewing...
...just reading the tea leaves...
(what will be revealed at AGM on April 12?...could be one or more of 6 or so material events...beats me... but IMHO...it will probably be significant enough to rocket SP)
Think about what coincides with the 2017 date...
Answer: The FDA study and trials on XXII's VLN tobacco and smoke cessation. Could it possibly be, as is done when a drug is proven to be compellingly successful in Phase II, that FDA is contemplating early termination of study and approving VLN designation for XXII product?
Perhaps news was given to Management that FDA test results so far are compelling and XXII VLN are indeed a significant aid in smoke cessation...nice thing to ponder...
Especially nice if one "speculates", perhaps the FDA requested the company not to report this before they did? Therefore a need to CTO...tying into the original end of FDA study date?
the uninformed, gullible and younger investor on yahoo who believes what is said...just look at all the penny "pump and dump" stocks that rise and crash on nothing...they get emotionally pulled both ways...by convincing cons...
Etrade. I know you are dying for that entry point to reload. But unlikely get there. But hey. You have until $6 to reload without losing ground, so no sweat for you.
Strongest technical position for the stock would be to test 20 SMA and bounce hard off it and base in low $5's to $6 until meeting.
lol....not before I unload my 5m shares! A church mouse told me it is probably the "uplisting" news...since it was March 6th.
Someone on the Yahoo Board posted that a Confidential Treatment Order (CTO) to XXII on 3.06.2014...implying it was a negative.
Here is a response to the post:
"Someone on the board posted that the S.E.C. issued a CTO "CONFIDENTIAL TREATMENT ORDER"...implying that it had something to do with Management and stock manipulation. That "inference" exhibited the utmost ignorance about the purpose of a CONFIDENTIAL TREATMENT ORDER.
Contrary to this erroneous "spin" which might have causes the "uniformed" investor to unload his/her stock, it is an extremely POSITIVE EVENT. It is used by a company to hold back reporting on material information (e.g. not include it in Annual Shareholder's Meeting notice re: events and issues to be discussed) so as to more appropriately address it at a later date, in the interest of Shareholders and Public, and to more thoroughly discuss the event as to not cause unbridled speculation or misinterpretation.
When SEC agrees to acquiesce to the COMPANY'S "APPLICATION" and REQUEST FOR AN ORDER FOR a CTO...the SEC issues an ORDER, not against the company, but FOR THE COMPANY.
IMHO...the XXII order which REMAINS CONFIDENTIAL AT THE COMPANY'S REQUEST...is incredibly BULLISH....to me its GOOD NEWS...News that they HAVE TO DISCLOSE, but dont want to right now....
What news?....MSA acceptance is my guess.
The individual on this board who made this event to appear "otherwise" (i.e. negative) ..should be banished. It appears to be pure stock manipulation to the downside to take advantage of "uninformed" novice investors to prompt them to sell so that individual could buy shares in XXII lower. "
That is one thing I would agree with you on..."coulda, woulda, shoulda" with ANY stock...
but it cuts both ways...and it's a trader's mentality...and can get whipsawed...
IMHO...April 12th is a big day...sitting and waiting (but, if more come my way below...I'm ready to take it).