22nd Century Group Inc (XXII)

[BrunosDad]

Well unfortunately the warrants that we hold are a two edged sword and they cut both ways and what with the current crash of the Mary Jane space in general and Aurora's very large financial problems IE ($800 million plus in debt WOW!) our warrants which once showed a fat gain now show a fat loss ($8 million plus) as of the last reading of our most recent quarterly report). On 6/3/2019 Auroras stock price was $7.16 it closed last Friday at $1.63 and the swoon is not over. My best guess is that we will realize yet another 5 or 6 million in paper losses on our balance sheet directly associated with our Aurora warrants. Auroras stock has crashed and the value of our warrants right along with them its not impossible for the situation to reverse but the timing is incredibly bad and Cliff Fleet knew all of this when he decided to desert his position and take his new hotsy totsy Colonial Williamsburg position (this is one of several reasons why I hate him he should have waited until after we got the second FDA approval to make his move).... at this point we can only hope he knows something that we don't as far as the FDA goes ....I mean you can't make this stuff up! This is why I have been hollering for someone in the know to say definitively if Fleet and company sold their stock positions or not but so far CRICKETS my read is that they did sell.........

Thanks for the name plug frankly centrist voters are so used to winning in that arena these days that XXII is kinda sticking out like a sore thumb......YAH THINK??? and my particular paper sore thumb is -$21K american..... trust me I'm pissed just glad I pounced on apple and swks this summer when wall street was throwing those away like they were nothing during the China frenzy and to be honest if I weren't locked down for the count here and knew what I believe I know and had some mad money to invest I would put some money into this name right about at these levels but I can't take any more risk