Replies to post #26988 on 22nd Century Group Inc (XXII)

[TTommy]

'Lnp'

disappointed is the word in corporate XXII's lack of the ability to not only produce, promote, market, and sell could be considered an understatement to date. And why did the Haavaad guy wait to release the disconnect from TP/CREDE? JUNE22,2015 WOW. Below is a quote from another forum member regarding the XXII/CREDE disconnect.

On June 22, 2015, the Company terminated its joint venture arrangement with Crede and a third-party. The Company also notified Crede that the Company reserved and did not waive, any rights that the Company may have to assert any and all claims that it may have against Crede, its employees, agents, representatives or affiliates thereof, which are allowable by law or in equity, including claims for breach of the warrant agreements entered into with Crede. The Company and Crede continue to discuss potential activities together in China as the Company also works with other third parties for potential business and joint ventures throughout Asia.

If I were the Haavaad guy and his BODs, I would be very worried at the legal ramifications of an investment house(CREDE) that had recently ponied up $10M into XXII's treasury. It will be interesting to see how this will turn out for both sides of the coin.

[Giovanni]

The timeline may have been pushed back
However Henry will provide a lot more value
then the double dealer JP
Who was born with larceny in his veins.

This takes time to straighten out.

Unfortunatly Joey P could not & cannot control his impulses.

He always act against his own best interest.
Sad.

[TTommy]

Another aspect of XXII shares!

The company I think started out from a shell with approximately 20+M shares going public. It now happens to be 70+M shares. The company has placed too much paper out with very little in the positive ledger and wallowing in debt. Not the best case scenario being flooded with debt, warrants, and papering up with the front office salaries and perks over the top for a $ .79 corporation.

That doesn't even take into consideration the ongoing litigation with the former CEO and possibly any future legal wrangling that might possibly befall XXII. Many questions and very little on the answer side.