Replies to Post #54647 on22nd Century Group Inc (XXII)

Replies to #54647 on 22nd Century Group Inc (XXII)

2014shelby

04/02/23 9:02 AM

#54649 RE: MWM #54647

$1?

Would be nice to get back above pre MRTP approval levels. Or at least back to the 52 week high of $2.70

CastorTroy

04/02/23 12:46 PM

#54650 RE: MWM #54647

Yes yes, I know all that. All the company has to do is prove their success at a level that inspires the rest of the world to buy in the face of a diluting SP. $50m is a whole lot of shares. The shelf plus the 26% interest rate on small money pretty well says no major smart money would step up.

The company needs to generate enough volume to offset the time to time bleeding.
I can wait, like everybody else, because they have to. Can’t brag about that.

ROI may take an eternity. A 50% drop in price requires 100% rise to break even.

“Have no fear”, the larger the shares you hold makes that untrue. It’s all fear and greed, right?

Looking forward to the next report.