22nd Century Group Inc (XXII)

[JohnXu]

Clarification:

"One of the biggest hurdles for an OTC stock to overcome are the restrictions for potential investors. For example, most institutional investors are restricted from OTC stocks. Therefore, it is irrelevant if an institutional investor favors the company because if restricted the investor would be unable able to acquire shares. In addition to the limitations of institutional investors, some retail investors are unable to buy the stocks due to the limitations of their firm.

Some online brokerage firms do not allow investors to purchase OTC stocks, and the firms that do allow investors to buy OTC stocks may only have a limited number of choices. These restrictions hurt the company by forcing it to lose out on millions of dollars in potential investments. On the contrary, if an OTC stock uplists, it presents great immediate upside for the stock as new investors have the option to acquire shares."

CEO was not lying I guess.