22nd Century Group Inc (XXII)

[xxiistrong]

Obviously you did not read my FIRST post here ever. I posted today to try to explain what happened so all of the people guessing on this board would stop.

The deal that was just announced was a continuation of the deal from last year. The private investor exhausted the shares he received the first time, obviously he did well, selling shares that cost him $1 for prices between $1.25 and $1.50. The complete deal had a provision that allowed him to basically do the deal again with slightly modified terms and so he executed the deal. I do not think management had any choice in turning it down or shopping it...ect


This also means that nothing has changed from what was previously said and the cash projections previously announced.


It was a great deal for the private investor and he wanted to do it again.... People that put large sums of money into speculative companies tend to hold all the cards when deals are being written. This is just an example of that leverage...