Replies to post #28881 on 22nd Century Group Inc (XXII)

[Atlanta1]

Here's what Chardan said about the Pando issue in July:

"Sent: 7/8/2015 6:59:01 A.M. Eastern Daylight Time
Subj: XXII - Buy rated stock; $9 target by our analyst, Jim McIlree

The stock broke $1.00 because people are nervous that the ex-CEO is going to be selling a lot of stock…

1.> Pando has sold about 100k shares every 3-6 months since the stock was $0.25 for 2-3 years (this is nothing new)
2.> His selling window closed on 6/30 and he only sold 92k shares
3.> He is still an affiliate and a board member and subject to very strict trading restrictions and windows (that are now closed)
4.> Pando is still a long term believer in the company’s fundamentals and the technology, science and IP
5.> Pando and the company are looking to amicable settle all of their disagreements in the next 30-60 days

The fundamentals are still intact with 4-5 major “shots on goal” on the horizon…Additionally, the company publicly guided to a $1.5mil revenue 2nd QTR (ended June 30th)…That would be a 100%+ increase over last quarter…We should see those results in the next 30 days."

[Lnp30]

Short and sweet --

- Pando was former CEO - genius who thought up a no nicotine cig back when bio genetics first started in the 90s

- Got company extremely far but others in xxii wanted to monetize IP and Joe wanted to keep developing IPs (side note and my opinion...the NARA institute in Japan has a patent out there for coffee which I believe is the same concept of the MJ and Cig IP and maybe what he wanted to develop -- xxii states on their website they have ties/relationship with NARA and worked with them in the past -- coffee currently doesn't actually have a true "decafe" and the caffine varies amongst different "decafe" retailers/sellers)

- Joe, while clearly extremely smart, was NOT a good speaker. He made me cringe every time he spoke. Lots of "ums" and "ahhs". Granted he probably had to be VERY careful about what he said on record...he had already been sued by big tobacco once. But what would take a good speaker a couple seconds to phrase, it took Joe significantly longer in my opinion and came off not very confident due to the ums and ahhs. There was an interview where the interviewer clearly wanted Henry to speak and Joe kept jumping in. A lot more could have been accomplished in the interview had Henry talked...my opinion

- Joe went rogue against board and had disagreed with board on things and did some questionable things -- may have used xxii to fund his other business, alternative cigs. Xxii fires Joe in October 2014 I think. Joe sues, xxii counter sues back. Been tied up ever since

A couple others:

- Joe sold shares when we spiked above $5 in 2014 which didn't make a lot of people happy

- Joe settled in court back in early 90s when he was a grad student for mailing letters to to investors saying the two stocks will go up big on a certain date. My opinion -- Some want to dwell on that but he was a money hungry grad student. Not only that, stock message boards didn't exist back then, and what goes on today on these message boards (and this one to this day) is much like what Joe had done in the 90s. The whole stock market is a Ponzi scheme pumped up on hopes and dreams (mine included :) )

If I missed anything or got anything wrong please feel free to correct me. I think it's important for new investors to know this stuff.