The share price is not going to rise to over a $1 again until a joint venture in Asia is announced period IMO. We might see a small bump if they produce the run rate of $5 million annually that they have projected for the quarter. The problem is they will still be bleeding money at $5 or even $7 million in annual sales and will need to do another equity raise like the one they just did which will further dilute the stock. Everyone keeps talking about the IP that they have which I agree is significant. The problem is that there have been many companies especially in the Biotech world that have had very solid IP's in place and have gone bankrupt. The announcement of a joint venture tied to some revenue is everything at this point IMO for the short term stock price. Going the other route through organic sales will take at least another year to see a significant increase in the stock price IMO. There are many other plays on the NASDAQ and NYSE that can bring in a 1 to 5 bagger more quickly than XXII. At this point I'm just hoping for a bump to over $1 so I can liquidate all my shares and move on. I'm a long but I'm also a realist when it comes to this company. If a joint venture is announced then I may hold a little longer to see what happens.

Fair enough COB as I respect your opinion. We just agree to disagree. In most cases you would be correct when it comes to announcing or clearing the way for a new study. I invest in quite a few small Biotech's and I live or die with these types of announcements. However; I think in the case of XXII the market is giving them limited credibility on this announcement. Most investors probably feel that they should have done this action along time ago and they don't have the funding or partner to move forward anyway. As for New York I think that it does count as news The problem is that it's not enough compelling news to even move the needle an inch. JT

Now I have to take issue with those last comments. I don't think the acceptance of low nicotine cigarettes or even the New York deal is real news IMO. The last real news was the equity funding of 6 million shares at 1.00 which was not so great in many people's eyes at the end of May. I'm sure Creda was thrilled with that valuation. At the end of the day we're all on the same team but there is no doubt that this frustration is real.

There is no silence on your part or any of the other longs such as myself. I think he means Henry and management which I agree with him on. I think this slide is unbelievable and I don't think it has to do that much with the overall market. I kick myself in the first place for listening to certain newsletter Guru's that begin with an S. I'm also kicking myself for buying more at 79 cents. At the same time you have to play if you want to win. Hoping for some good news and a bump back up to a 1.00 or more soon.

Now I agree with this question. There hasn't been any news for quite some time and the stock continues to slide. I just bought 15,000 more shares this week and thought I was getting a great deal. Apparently not. Come on Henry and company let's do a better job here with your investor communication. We still need Asia to happen in a big way or I think we will have some serious issues with the stock continuing to move down.

I sure hope you're right about this as it's very ugly right now and seems to be continuing it's slide downward. I hope management doesn't blow this one again as we need some decent news now!

Great entry price at 1.74. I have 12,900 at 2.01 and I'm quite irritated right now. I guess you need to play to win but this downward trajectory makes me a little nervous. Where is the darn News?

Bottom line is that they need much more sales growth on GW which they have not proven to this point. The Microsoft announcement was nice but is not enough to take us back up over 5. I really hope Spiffy can get it done for us as this pain is real.

Sales maybe but not profits. We wont see any profits until around $8 to $10 million in sales. However; 600k in sales for the quarter and an announcement on Asia could sure get us moving in the right direction. That is what all of us longs are hoping for. We keep buying and averaging down with the hope that Henry and the rest of this management team know what their doing. If they are not careful they will need to do another capital raise which could be a complete disaster for us longs. Come on Asia as we need it bad.

Your points are actually well taken. I have not given up as I'm holding until at least $2.50 or bust. However; I do have a problem with Joe still being on the Board whether he was elected recently or not. I think we all know exceptions can be made. My guess is that their keeping him on the board so he doesn't dump another 2 or $3 million shares and really mess up things for us Longs. This is not a good excuse for a fraudulent son of a gun like him.

Agreed as I've lost my shirt on both XXII and the other Internet of Things pick. I'm flat out tired of losing so big all the time on picks such as these. You need to be careful who you trust out there in the world of stock investing and I seem to be learning the hard way.

What updates as I haven't seen squat. I own 51,000 shares and I've never been so agitated in my life. The only update I have seen is the annual shareholder letter by Henry which was good but really didn't help our cause or have much substance. An update to me adds something of value which means sales or future sales. I haven't seen any of this. Is it all Henry's fault? NO but he is the CEO and the one responsible to us shareholders whether its been 6 week or 26 weeks. They better show some sales quick and get this Asia deal done or I see this thing heading to under 50 cents rather quick which means I will also go down with this ship. We need something here and we need it fast.

I'm with you 100% Tommy. China is all that matters right now and without it we have big problems as long's. The announcement alone would take the stock back up to over $2 or more within a matter days.

As a loyal long with a cost basis of around 1.27 and not selling lets call this what it is or a spade a spade. This is an absolute disaster at 77 cents a share today. Having Joe on the board whether he was already voted in or not makes no sense as the guy is loose cannon period. We all hope for some good news shortly that will take us back over $1.00 but this pie in the sky optimism is ridiculous when many of us longs are suffering and wondering when something good is going to happen. If you're long you have to look at all angles good or bad. The verdict is still out on Henry in my opinion as he is still very new in his new role. No one can deny that this 77 cent per share price tag is a disaster and that it cannot stay this way. I sure hope that it isn't Joe who was selling many of these shares at a discount today!

Thank you as that actually answers a big question for me and others. I think every long is wondering why Joe is still on the board and you answered that question for us quite well.

There definitely is a huge risk but they only have to be at above $1 for 10 consecutive days before the end of August. They may also qualify for another 6 month extension on the NASDQ CM if they come close but don't actually make the 10 consecutive days. The next option would be either a 2 for 1 or even a 3 for 1 reverse split which is what we don't want to happen but will in fact happen if they cant get the job done. The worst thing about this whole situation is that if those delayed orders that they couldn't get filled would have gone through last quarter the share price could actually be at $ or more right now. They gave guidance last quarter of around 10% plus growth and they fell way short on sequential quarter over quarter growth. They can't afford to make anymore major mistakes like this when it comes to guidance as us Longs are all taking a bath because of their poor mistakes.

Maybe for you but for a lot of us who are already in way above this price and it blows for us. The frustration is real and I'm just hoping for a small bump so I can clear out of some of my position. This management team blows and its hard to have confidence in them at this time.

I agree that the guy is weak and bad. However; I would think they are keeping him close so he doesn't drop the other 6 million shares at crazy prices like 50 cents or less. Either way he needs to go.

I agree as a loyal Long that Henry should be on a short leash here. We all want him to succeed and we like the fact that he has an MBA from Harvard; However; none of this means he is a good leader or one that can take us out of this complete disaster right now. I think us longs that are in deep hope that he's the right guy as making another CEO change within the next year would not be good. I would suggest to my fellow longs that you write sincere e-mails to Henry and other IR contacts at XXII expressing you deep concern about what's going on. This has worked for me in the past and several other small caps as they sometimes take it to heart and respond favorably to the input and concern. If 30 individual investors write to them it will be hard to ignore it. Do it guys as this is very ugly! We need more crystal clear communication on a more consistent basis from Henry and we need much better IR and media coverage IMO>

This is very bad as we're now down in the mid .70's. Henry needs to call a business update conference call prior to the annual meeting IMO to stop the bleeding!

Yes we did but it sure is painful in the meantime. We need a string of good news as these longer gaps of waiting are not much fun. It definitely has huge potential with it's multiple IP's but management needs to do a better job with media and investor relations to support us shareholders IMO. They also need to remove Joe from the board ASAP in my opinion. I just filled out the Proxy that was sent today and I wish there would have been some way to vote against Joe. I think he is a big part of the reason that this stock has tanked so much over the last 4 months. Holding long and strong but sure would like to see a bump that can last.

Agreed but they need to announce this in a press release when it happens which we all hope is very soon. Any news tied to real revenue should give this stock a real bump even if it's minor sales. It seems like we go for long stretches without any news at all. We need a string of three good pieces of news to happen before May and we should see this thing cruise to $2.00 again even without China. With China much more which we all know is very possible.

I get it and guess I just have more urgency than you about this situation. I went pretty deep which is my own fault but have averaged down to around 1.30 per share at this point. Bought some more today at .82 to get it down to this level. Hoping for the best and that it will happen very soon.

I agree with you as it was very well written and I think we all believe that things will work out as longs. The part that I didn't like was when he said he was optimistic about getting a deal done in Asia sometime in 2015. In the last conference call that I listened to from him he had stated the first half of 2015 which could be translated as sometime in the first 6 months of 2015 from my angle. Hopefully that was just something he had write from an annual report point of view. I think we would all agree that China is the main catalyst here and could take XXII roaring to $5 rather quickly. Not that the other developments and sales are not important and won't pay off as I believe they will. If we want to get a real return on our money this year China has to happen and they need to tie revenue to it is my point.

When as this is brutal and they may get delisted or be in a position where they have to do a Reverse split. They are not executing well in the media at all which is imperative for a potential big run. I don't see it n the charts right now but I sure would like to see a big move so I don't continue to get slaughtered.

I think Henry needs to take some blame here as their leader, former President and now CEO. He should be able to much more at a much faster pace when it comes to transparency in the news or maybe even a monthly news letter or update to the shareholders. XXII has some quality institutional money invested if you take a look at their major stock holders. Unfortunately many of these institutions will either sell and take the tax write off or at minimum not invest more money moving forward which is exactly what we need to happen for this stock to climb again. This slide is nuts and all of us loyal longs should be very concerned at this point. I would suggest that all of us send an e-mail to Henry through Investor Relations or his direct e-mail as we can all hopefully be heard and make a difference if we step up to the plate. This is unacceptable in my opinion and I ask where is the accountability here on XXII's part?

Good point and I hope you're right. Anything is possible!

Yes it was painful early on today. However; We saw last week that it could jump to 1.40 basically in one day from around a $1 on very little news (Henry being announced as CEO) This tells me that some China news or even some reasonable retail news could send this thing back up over $2 within a matter of days and possibly $3 within a matter of weeks. Being patient and holding through these big down swings can be rough but patience can also pay off. We'll see I guess as I'm holding 35,000 shares at around 1.36 and don't plan on selling anything until a minimum of $3 per share.

Unfortunately not all of us have the same luxury that you may have when it comes to holding this stock long term. We took what we thought was great advice from certain news letters and listened to the conference calls with Joey on them many times. I blame myself for buying so much and trusting this company's management and the provider of certain newsletter so much. However; I do think Henry and XXII owe us much more than 80 cents and lackluster responsiveness across the board over the last 3 months. I'm still long and holding over 30,000 shares but I can't say I'm not extremely frustrated with this entire situation including management. How the heck do they keep Joe on the Board of Directors? I don't get it.

I will tell you what happened to Bill Mathews as I'm a current subscriber of his Cheap Investor. Bill put his reputation on the line with NENE and he's failing miserably up to this point. He does OK on some of his other paid picks but he has lost all credibility with me because of his report on NENE. Could this stock pop up to over $3 some day again. (Maybe) but that does not change the fact that Bill has literally no credibility in my opinion. I will not be renewing my subscription with him when it expires in July.

I just bought a bunch more today at .89 and then it promptly closed at 82 cents at the end of the day. This averaging down thing is not working for me but I can see why people are tempted to do so.

Sure it will if China really comes through just like Henry has talked about on the conference calls. Henry is also being very conservative as the former CEO and still board member very much screwed this up for many of us with his over promising crazy talk. So yes it very well could happen with a straight face! Without China I think the stock will stay very low for a long time. With China it jumps up to $2 if not $2.50 within a couple weeks. So there you have it.

Yes. Great post but in addition to not making the CEO position urgent how do they explain the fact that they had the call on Wednesday instead of last week and used traveling in the field as an excuse. Don't they have a sincere obligation to us the shareholder. I travel in the field as well but I would make an exception to get to a phone or computer to supply key important info to my shareholders. (Come on Henry (Really). I bought a fair amount of shares because Joe stated (before he resigned that they should have some positive news on China (within a short period)if I recall correctly. I have then bought more and averaged down from there. I now sit here with a fair amount of shares with an average price of 1.60 and am scratching my head. I'm still hoping for a big bump on some China news like the rest of us and I hope they tie some revenue to it when the announcement is finally made. If not, it could be a long haul but I guess I'm deep in it just like most of us.

That is because Overland was in distress before Eric Kelly came in to stabilize them. They did not invest in Sphere because they are in distress. They are invested because a merger took place and they want to be the controlling or largest shareholder now for Sphere. I hope that makes sense to you.

This is a real simple equation. We need China to be announced with some revenue attached to it and we need RED Sun to do at least 500,000 per month in sales or around $6 million annually in 2015. If this can take place I don't see any reason that this stock couldn't hit $4 again by April but China must happen.

34 cents a share. Come on now. Where is management on this one as its getting ugly.

Yes it is a great find and interview with Brien the Chairman doing even more talking than Chuck P. I just hope something happens fast as the opportunity is now with many other exciting technologies just around the corner. I would think that one licensing deal with that major Chinese player CETC could take this stock to $5 within 60 days. Unfortunately its just a big if right now. Where is Teq? Did he vanish as he sometimes has some solid input for us.

I'm actually losing a ton of faith in the company, their CEO and I lost complete faith in Bill Mathews who recommended this stock at his service the cheap investor and will not renew my subscription with him. I have gone from owning 40,000 shares to 13,000 shares and lost about 13k so far in the process. These people infuriate me but I may hold on and see what happens with my 13,000 shares at an average price of $1.84. I hope I'm wrong about everything I just said so I can recoup some of my losses but I'm sure not feeling confident about it at the moment. Ugh.

I really hope that you're right about this as the news cannot come soon enough. 38 cents today is tough to swallow.

Yeah. That was a typo as I meant retail sales. Let's not forget I'm long here as well. I'm just trying to be a realist and you should probably think about this as well. If China hits and this thing can rebound to let's say $3 I'm out and not looking back. China needs to happen or I'm afraid we could see $1 at some point in addition to the dilution.