New Economy Portfolio Update..Added today a biotech stock in the tobacco reduction modification space.
Alert..added $XXII at $.95 (10% pstn now from 6%) in the New Economy Portfolio w/ $.88 avg. Will add more on a pullback in low $.80's. Definitely a second half catalyst play. Company just did an offering at $.81 and they are now listed on the AMEX so big institutions can buy them now.
Some Good DD from a Moderator BioHunter on the SheffStation Board:
This is a speculative play with a compelling risk reward in my opinion. You can trade for the 2H FDA catalyst or company should be compelling long term investment. $XXII is not your typical biotechnology play, there tech is in the plant biology space, both in the tobacco field with VLN (Very Low Nicotine) and cannabis space. Nicotine is the addictive part of cigarette smoke, studies are suggesting lowering the nicotine lowers consumption and is a valuable tool in the muli billion dollar smoking cessation space. FDA and WHO (World Health Organization) are catching on. Interesting few months ahead, I like this to move back over a dollar as we get to Sept and if they move the FDA to approve label Modified Risk, stock should be 5X.
Here is what I like: 61m market cap 76m shares outstanding 39% held by insiders 700 billion/yr addressable market
CEO knows the industry as Marketing Director of Santa Fe Natural Tobacco Company, a specialty tobacco company, prior to the sale of that company to R.J. Reynolds Tobacco Company for $356 million.
Proprietary tech world wide patents on tobacco plant gene modifying tech which produces tobacco with 97% less nicotine Launched Magic brand VLN cigarettes in Spain recently with more deals expected 2H 2016
‘Six independent clinical trials (five Phase II trials and one Phase III trial treating an aggregate of 2,438 total smokers) that utilized cigarettes made from 22nd Century’s proprietary tobacco have all demonstrated efficacy. Indeed, each of these independent clinical trials using very low nicotine (VLN) cigarettes showed increased quit rates, whether VLN cigarettes were used alone or used concurrently with other smoking cessation products.’
Note- "light" cigarettes are not the same as VLN. Light cigarette labeling was removed by FDA and does not offer a less toxic cigarette.
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