22nd Century Group Inc (XXII)

[Atlanta1]

Here's what Chardan said about the Pando issue in July:

"Sent: 7/8/2015 6:59:01 A.M. Eastern Daylight Time
Subj: XXII - Buy rated stock; $9 target by our analyst, Jim McIlree

The stock broke $1.00 because people are nervous that the ex-CEO is going to be selling a lot of stock…

1.> Pando has sold about 100k shares every 3-6 months since the stock was $0.25 for 2-3 years (this is nothing new)
2.> His selling window closed on 6/30 and he only sold 92k shares
3.> He is still an affiliate and a board member and subject to very strict trading restrictions and windows (that are now closed)
4.> Pando is still a long term believer in the company’s fundamentals and the technology, science and IP
5.> Pando and the company are looking to amicable settle all of their disagreements in the next 30-60 days

The fundamentals are still intact with 4-5 major “shots on goal” on the horizon…Additionally, the company publicly guided to a $1.5mil revenue 2nd QTR (ended June 30th)…That would be a 100%+ increase over last quarter…We should see those results in the next 30 days."