22nd Century Group Inc (XXII)

[commoncentsinvestor]

STRAW MAN ARGUMENT.

What is it?

Etymology:

"Straw man" is one of the best-named fallacies, because it is memorable and vividly illustrates the nature of the fallacy. Imagine a fight in which one of the combatants sets up a man of straw, attacks it, then proclaims victory. All the while, the real opponent stands by untouched.

follyism asks the unanswerable question: "How can we be sure that xxii's products will sell?"

Then when no one is able to answer this unanswerable question he basically claims that no one should own or buy this stock unless you have an answer to this unanswerable question.

Typical Straw Man argument.

The real question to be answered is. Why would the giant British American Tobacco company spend $14M for a license from xxii? I guess they don't know quite as much about this situation as follyism but I think I might have more confidence in their $14M investment than in his unanswerable question.