22nd Century Group Inc (XXII)

[petemantx]

One area that surprised me was that I looked at my account via my smartphone right at the close and looked at my closing acct value and it was xxx. I was at my Mom's and was pretty happy as it was a great day with a very nice positive increase. Then I got home, looked it up on my home computer, and saw my acct had lost a lot from when I looked just a half hour earlier and this was due to the Closing Cross trade. Later last night when I checked again my total had now increased from right after the Closing Cross trade a nice sum which must have been due to the AH rise of .18 from 3.42 to 3.60. I am not worried about where it opens Mon, I assume it will be 3.42, but I had never before seen my values change after the close of business for the day regardless of what happened in after hours trading.

My only real question regarding the Closing Cross was where they got the shares for the buying of the additions and for the selling of the deletions? I assume that is why they may have those adjustment dates, so they can amass the shares for the additions and short the deleted stocks. I doubt if many stocks actually got moved on/off the Russell from the first list to the final Reconstitution and the time really is more for them to set up the Closing Cross trades. Anyway, now a done deal and maybe now we might see some news coming out regardless of when the MSA is received.