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I hope you're right. I have a bad feeling this FDA approval will amount to nothing. Just being honest. Think about it, FDA approval would do what exactly? Give us a label? Modified Risk? Nobody cares. Smokers have ignored the other label on cigs, from the Surgeon general, for years...
I seriously have forgotten why I bought in to this stock. Seriously.
This stock defies all logic, that's how.
I just hope this designation is the Holy Grail we've been waiting for. I have a bad feeling about this.....
None of what you mentioned here as helped shareholders with their investment. Smoker Friendly deal takes care of all overhead to run plant? And we're still operating at a huge loss? That's not good at all. I find this hard to believe.
Um, what? I don't recall any of that. Who offered a billion dollars? when?
LOL. New Zealand journal....can we get more obscure. What is this? I love where they mention increased quitting. Ya, that'll make us all rich, the more we can get smokers to STOP using our product.
No. The manufacturing equipment is capitalized (on the balance Sheet) and written off under Depreciation, which is AFTER the EBITDA line.
I think the beginning to the end has...begun. FDA modified risk label may not even be enough at this point. How long can you sustain losses like this, anyway? Not at capacity? Why not? It's great to have all this cash, but keep in mind, losses love cash. They eat it for breakfast.
It's funny to watch your attitude change on this board right along with mine. You have gone thru the exact same life cycle as me. When I first got on here, I was all pumped and excited and felt we had something here. After years of sitting patiently, watching this dog tank, and nothing but promises, I've gone down the same path as you. Honestly, I have forgotten why I got in this. I really have. I forgot what it was that Henry and Joe told me over lunch that one day that made me think " this could be huge". I'm only still in it because I'd kick myself if it DID take off and I bailed...
I can't believe I hitched my wagon to an FDA label. Even if it does come, I see us going nowhere. This thing is dead. Sorry.
"We will become profitable very quickly once FDA grants modified risk label" How can he say that? There's no guarantee that this FDA angle is gonna yield profits. We all hope so, but c'mon.
Why isn't factory at 100%? To be honest, the COGS higher than revenue is unsettling.
Well it's not your imagination. Perker post=drop.
Yes, how would the modified risk claim, upon being granted, would be useful? I mean how would that equate to SP appreciation, or sales, or growth?
i can just see it coming with little to no change in our SP.
Can someone explain to me how this FDA announcement is going to yield anything useful? I don't see it. So, an FDA label will, somehow, turn this thing around?? How? Increased sales?
By the way, my .34 cent prediction is looking more plausible.
Just hit zero already. So, I can stop watching this slow-motion train wreck.
APPARENTLY I WAS THE ONLY ONE WHO GOT BABABOOYA'S SARCASM..
I was gonna post the same thing about him. he's been the most accurate poster as of late. These are very low prices, but one has to wonder why. But, good ole XXII, true to form, upon news....we drop.
And now, she's back.....
The end is near. Mercifully, the stock can't go lower than zero. I guess I'll take comfort in that.....
"Where does the discussion with XXII even come into play?"
Well, for one, a 7 Million dollar milestone payment.I'm certain this has some discussions around it. You really think nobody has a clue? I can't imagine nobody at XXII HQ has talked to someone at BAT about this.
Is it me, or is not knowing that a 7 MM check might show up anyday an example of loose internal controls or weak management? "We might get a 7 million dollar check tomorrow, next week, or never..." How can you NOT know if a check this big will show up or not??
I can't believe they really don't have a clue if this money materializes or not.....
Trust me, if I go into my boss's office with a 7 million dollar check and say " hey, look at what the mailman broguth us, I had no clue if this was coming or not."....I'd be fired.
They asked me for my name and my company name. First 2 questions I heard after dialing 1-800-289-0544 and entering 8262329, just like the PR said to do. They didn't ask you these 2 questions???
I'm calling in as a shareholder, too.
Finally got thru. Idiots, dropped call. The one moron was clueless. I gave the guy my company name 3 times, 20 seconds go by, then he asks me to spell it.....
In now...
I'll see .32 cents. We all will. Revenues will be excellent, which is good news, and "good news" get's this thing to drop like a stone. The better the news, the bigger the drop.
I'm gonna buy more when it hits .32 cents. These are great buying ops here.....
Did someone hack into you computer or something? Your posts are a complete 180 from posts a week ago. "real close to Asian deal"...? Huh?, how did you arrive at this? 2.5MM in revs, plus 300K in court settlement? Are you making this stuff up?
By the way, this thing drops on news, so an Asian deal announcement would send this South in an instant.
I can't tell if you're being sarcastic or serious and, frankly, I'm not certain which way is funnier.....
What was it exactly that swayed him to be on our side? I can't think of anything material to have happened over the last few days that would've caused him to 'see the light" or become a 'believer' all of the sudden. If anything, he's looking more right than ever with his older posts....
Absolutley nothing from what I can see...as was my point.
Can this thing just drop to zero already, so I can stop looking at it? LOL, this is a train wreck, I can't look away. Even all the pumpers on here have to be quiet now. Nobody is buying the whole " just wait until this..." routine anymore. Let's face it, questions need to be asked and answered. Where is all the transparency? I haven't heard squat in quite a while. Can we have JP back as CEO, please? The stock was over $6/share with him.
I am a fan of Henry, but I assume he is on the fence and will be fired soon? I can't imagine any CEO keeping his job with such a drop in SP and no answer for it..Just my .02.
Ya, it may not break .75 ever again, either....
"No mention of cigars in this deal" is probably a good thing. I think the cigar industry will see a shift soon. The US and Cuba are becoming buddies. It won't be long before we see Cuban cigars selling here. I'm not a cigar smoker, but I hear Cubans are, by far, the best....
Agreed. I find it hard to believe that, with all the milestones/accomplishments, that we're down from 2 a share this time last year.
It just doesn't make any sense.
Price fluctuations I wouldn't mind so much. Up and down, that's fine. It's the never-ending drop that I care about....how about an uptick here and there? That'd be great.....
78 cents a share...really??
Agreed. Just going through some old posts. Hopefully, we'll stay above 1.00, but who knows. I've been here too long and have witnessed this thing drop relentlessly. For whatever reason.
I can't even believe we're down hovering here around 1.00. With all the milestones, catalysts...etc. Just strange.
LOL. you always say this. Look at post # 8035. and a few more. Whatever you're reading, it's not working. I've been looking thru old posts earlier today, and it's comical. Also, it's interesting to note some of the posters who are long gone.
At least we closed green. I seriously thought we'd go red again. Heck, there's always tomorrow....
Oh no!! Not GOOD news. Oh well, here we go down to 85 cents.....
Hey, I was close, I said .97 cents. This stock is becoming very predictable lately.
Note to self: "when good news breaks, sell it all, and buy it back cheaper 3 hours later".
Unfortunately, we probably will close red. This thing likes to drop on good news. And this sounds like good news. We'll probably close at .97, that's my guess.
You forgot to mention that the former CEO manipulated 2 stocks 23 years ago......
Also, Foolish people invest in foolish companies? Didn't you invest in this?? LOL. I would insult you further, but you a fine job of that all by yourself....
LOL. Give up, never!! I'm still in it for the long haul. Just seems to be longer and haulier than expected. Still believe in Henry, he is an amazing man, no doubt about it....GLTA