22nd Century Group Inc (XXII): They dont have shares, but warrants that...

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22nd Century Group Inc (XXII)

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Re: umiak post# 3127

Saturday, 11/16/2013 11:48:36 AM

Saturday, November 16, 2013 11:48:36 AM

They dont have shares, but warrants that can be exercised on a cashless basis. Not an accountant, but I don't think you can claim ownership of shares this way. That's probably why their ownership isn't reflected in their filings as an asset but it is considered a liability in XXII's.

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