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great points about Joe. I was really put off by him.
I like Henry a lot. I just hope hes not perceived as "too slick" and moreover I hope hes not just a great salesman. The website does seem a little to "salesey" to be honest ...
that said I'm still holding my shares. i just bought back the puts because I'm just not that convinced we aren't years away from meaningful revenue..time will tell...
seriously, please stop. Its a falling knife that I'm sure is close to the bottom, but please please..no more predictions...
ya think? LOL
he put in 10 million. Its not one of his larger bets, but its a bet. I bought back my puts yesterday--probably a sign of a bottom, but this thing looks so awful and I don't want to own more than I already do.
Stock is officially down 40% since the wells fargo call. I'm still holding, but man what a trainwreck
Market cap of XXIIis like 120 million today
how do you figure the BTI deal is worth that?
who is HH?
Revenues will drive it higher and if in the next 6 months they can predict that they will hit even 50 mil in revs in 2016 and beyond the stock will be higher
because its under $3. needs to be paid for in full. There might be a 30% maintenance rule, but I think actually most firms would require 100% at these levels
I thought this stock wasn't marginable?
I think she was definitely impressed. The call was great. Lots of promise, but there's still no hard revenue coming in, hopefully that will change in next couple of years and people will look back and be like "I can't believe that stock was at $2"
it is amazing the stock is down 25% since that Wells Fargo call.
very little volume though. very odd.
I think we all need to stop with the "there will be news next week" type posts..there's nothing happening next week or the week after. Getting product on the shelf, effectively marketing said product and seeing significant revenues will take months. I hope it will happen sooner, but just being realistic. Think about any business..if you hear a "new store" or "new restaurant" is opening does it ever open on time? rarely ever. Patience. I thought this back in the spring , but got so overhyped by posters proclaiming quicker results due to MSA, the annual shareholder meeting, the bell ringing, christmas in july, the russell 2000 inclusion ..the list goes on and on...
never really know what to make of this, but looks like short interest declined:
http://www.watchlistnews.com/short-interest-in-22nd-century-group-declines-by-8-2-xxii/159459/
hope you're right....even the folks that got in under a dollar im sure are disappointed lately. I even remember some placing big big bets on October, November calls back in the spring and summer that I'm sure they've lost a boatload on
what does that mean?
is that supposed to be another one of those posts that make it seem like you know something? IE "Christmas in July"
Volume is just non existent lately.If this company ever did get a buy recommendation from a company the size of Wells Fargo it literally would be up 50% in a day.
There's a tendency on this board for people to say "well by this date then this should happen". The story is unfolding, but again, until revenue hits or there is a clear tangible sign of revenue coming in big I think we are in a waiting game.
Wells Fargo hosted a call.That's all they've done...they hosted a call, put out an assessment. That's it. They haven't initiated coverage. The stock is down 11% since that call--I know because I bought more while the call was going on lolol. I'm not being negative, but I think we just need to pull in the draconian short term predictions on where this stock is going to be short term.
When you say "announcement of a China deal" that is very vague. Of course if there is some type of partnership announced that creates substantial revenue in next 12 even 24 months out that could change things.
exactly...there's no new news..this is a multiyear story folks...doesn't mean its not a good investment
yeah--the wells fargo call i thought was amazing, literally bought 10,000 shares while call was going on lol
I don't play individual stocks so this is a new game to me, but some days I think "something isn't right with this stock" esp when it goes down on good news, but then other days I think " this could be $20 in a couple years"
i think todays disappointment was that chardan report...they think they will do 20 million in revenue in 2016? thats disappointing
yeah, when i originally bought this in march i was thinking id hold till december, but as Ive learned more about company im willing to hold it for awhile...I don't have my net worth in this, but that conference call did impress me...
exactly!
lnp--did you read the chardan report? did you see the revenue estimates?
im not being negative, but how do they justify that $9 number? surprised nobody is inquiring about this
yep. banning sales in one town is pretty irrelevant.
What more concerns me today is that Chardan report. Under "valuation" they site 2023 revenue numbers as justification. 2023! I know the market discounts, but that's not good.
So Chardan thinks fair value for this stock is 27 x 2016 revenue?
That doesn't sound right.
thanks for the link...they have a 20 million dollar in revenue target for 2016?
That's good they at least have samples. The two places I called hadn't heard of it. Any new item rollout takes time. I know on call in September Joe stated they would be shipping to 1000 stores in Spain by November 1st. Any update on that?
LOL hes just obviously very very bullish, but hopefully one day he will be right.
I read recently on here every board has their version of Perker
easy...50,000 shares traded in like the first 10-20 minutes..that is not typical of this stock..
yeah--somethings def up...
wait..wheat first is actually a sub of wells fargo..lol...
Be great if we could get Rodman & Renshaw or Wheat First securities to review XXII. I know Wells Fargo is aware and hopefully we see something
Do you think that because the stock is at $2.20 big firms might be hesitant to initiate coverage? I know that sounds silly, but I don't see big firms making recommendations on such low priced stocks. I mean, if they did, given the low volume it would probably pop up a dollar just on that...
Good point. I should have done this the other way around, but I've done more research on the company AFTER I bought my initial position ( dumb I know), but I think managements experience is what I'm recently most excited about. There's always going to be doubt, that's what creates opportunity.
I thought the same thing. Wow. The potential here is enormous.
When do you think we'll start seeing million share days?
And you or anybody doesn't have to answer this, but how many shares do you guys own of this? is it like 50% of your portfolio? I have 20,000 shares and sold Jan 2 puts --100 contracts...its under 10% of my portfolio....just curious as to how big a bet people are making on this.....
I agree with much of what you said, however , in general, I think its best for you and others to refrain from "xxx will happen by thanksgiving" or "once xxx happens the stock will go higher". I think one of the problems with this board is the inflated expectations of what the stock will do in short term.
As you've said, and the WF conference call concluded, this is a real business and the upside is tremendous, but that doesn't mean the stock is going to shoot up in the next week or month.
at $9 the market would be valuing XXII to be worth half a billion. They have zero revenues as of now.
This is very odd. I'm thinking it's good, but who knows. Be curious yo get JFM or other astute followers their take on this
It's a just a number on a screen right now in very loose hands. If they deliver on revenue a year out we will be higher , if we don't we'll be at a dollar. The Wells Fargo call was great, but what major firm ever initiates coverage of a $2 stock? Please don't say Chardan as they are not a credible resource. The story is great, management is great and there is potential for sure which is why I'm holding.
I feel your frustration. All of the events this year that were supposed to be major catalysts for a price move have not materialized--the annual shareholder meeting, "christmas in july", the inclusion of the Russell index, the MSA, the Wells Fargo conference call, the ringing of the closing bell, ..I mean those are just some of the ones that pop into my head, yet we are still sitting here at $2.20.
For today, this is still just a very very good story. There isn't any revenue. Period. Although speculative , if they do deliver at all on any of their goals this could be a much higher stock at some point.
I just don't get why Henry doesn't do the interviews. Every person has certain skill sets they are better and worse at than others on a team in any work environment. It's glaringly apparent that Henry is the better communicator. It's just a fact. I'm sure there are some things Joe is much better than Henry at. It's the way a work environment functions. Choosing to have Joe do interviews is a really poor judgment call and quite frankly makes me concerned they make other poor decisions in business in general. I'm certainly not selling , but very frustrated with this companies communication delivery.