22nd Century Group (XXII)

[Movieguy]

So why is the price per share around $1, and it spends more time going down than up?

[admin]

Because there is a rather significant overhang of shares and warrants from their previous finance partner (Sabby). This won't last forever, especially if they (as the PR suggest) can cut a deal where these are taken over by a party interested in a longer-term position.

[streamingeagle88]

Because there is a rather significant overhang of shares and warrants from their previous finance partner (Sabby). This won't last forever, especially if they (as the PR suggest) can cut a deal where these are taken over by a party interested in a longer-term position.

Patent granted in Europe. Big deal it seems. Stock showing strength. Warrant holders are either exhausted or rethinking their selling point. Company claims that they are investigating NASDAQ or NYSE listing soon. If that is the case they must have manys arrows in the quiver for rapid fire as they at this moment seem far from qualifying. Management so far has been dependable in their prognostications.

Stay tuned or start buying.

OT: What is a warning level?

[admin]

22nd Century Group, Inc. (OTCQB:XXII) announced today that the company sent notices to all its warrant holders encouraging the exercise or amendment of the company’s warrants. 22nd Century Group’s management believes the company will have sufficient stockholders equity to up-list its common stock to a national securities exchange – such as NASDAQ or NYSE – if the company’s “derivative warrant liability” is reduced through the exercise or amendment of the outstanding warrants.

“Derivative warrant liability” is not an actual cash obligation (or cash expense) and is classified and reported as a derivative liability for accounting purposes and marked-to-market at the balance sheet date. Upon the exercise of a warrant or elimination of the anti-dilution feature of a warrant, the warrant liability is reduced and equity (capital in excess of par value) is increased accordingly.

“Since British American Tobacco’s strategic $7 million investment in 22nd Century Group last month, we have been contacted by several institutional investors and retail brokers looking to build a position in 22nd Century Group stock. Many of these funds and brokers cannot buy OTC Bulletin Board stocks,” said Joseph Pandolfino, Founder and CEO of the company. “In order to deliver maximum benefit and value for our shareholders, we concluded that listing our common stock on a national securities exchange is very important.”

22nd Century Group Paving the Way for Up-Listing to a National Securities Exchange - Yahoo Finance

[admin]

22nd Century Group Purchases Manufacturing Facility Out of Bankruptcy

CLARENCE, N.Y.--(BUSINESS WIRE)--

22nd Century Group, Inc. (OTCBB:XXII) today announced that it has purchased all of the equipment at a cigarette manufacturing facility in Mocksville, North Carolina. Until now, 22nd Century Group’s subsidiary, Goodrich Tobacco Company, had produced all of its products through contract manufacturers.

22nd Century Group and NASCO Products, LLC entered into a lease agreement for the 61,500 square foot manufacturing facility this past October. “This turnkey facility will speed up our own production and distribution of our brands by at least 6 months,” stated Joseph Pandolfino, Founder and CEO of 22nd Century Group. 22nd Century plans to first manufacture SPECTRUM research cigarettes within the next 30 days and shortly thereafter begin production of its RED SUN and MAGIC super-premium brands. The Company also expects to enter into a manufacturing agreement with a strategic partner and to begin exporting its products later in 2014.

As reported last September, 22nd Century Group and NASCO Products entered into a binding agreement for 22nd Century Group to purchase NASCO Products. NASCO Products, a federally licensed tobacco product manufacturer, is also a participating member of the Tobacco Master Settlement Agreement known as the MSA, an agreement among 46 U.S. states and the tobacco industry administered by the National Association of Attorneys General (NAAG). Mr. Pandolfino added, “22nd Century is working with NAAG to obtain the consent of the attorneys general for our acquisition of NASCO Products and we have made great progress over the last few weeks.”

22nd Century Group will immediately start hiring key personnel formerly employed at the factory, which was producing cigarettes up until August 2013. The Company believes that having its own factory will create tremendous shareholder value since control and production of its differentiated tobacco products will be greatly facilitated and costs will be reduced.

Terry Bralley, President of Davie County Economic Development Commission, stated, “We welcome 22nd Century Group to North Carolina. As a growing and innovative publicly-traded company, 22nd Century will rejuvenate one of North Carolina’s important manufacturing enterprises. This is exceedingly good news and will assist us in restoring jobs to Davie County.”

22nd Century Group’s legal team was led by William F. Savino of Damon Morey LLP. The Company’s winning bid in the Chapter 7 bankruptcy proceeding was $3.22 million, $50,000 more than the losing bid. The Order was signed by the Honorable William L. Stocks on December 2, 2013. Approximately one-third of the manufacturing equipment purchased will not be needed and is expected to be sold to other parties that have already expressed interest.

For additional information, please visit: www.xxiicentury.com

[Movieguy]

Lots of positive pps action since the morning of 11/29, particularly this morning. Is it a for real breakout? Can we hold it?

[admin]

Well, listen for yourself:
https://presentations.inxpo.com/Shows/UB...ation.html

[admin]

They're on today at 1PM, sorry, forgot.

[streamingeagle88]

Lots going on here. Warrants to be history per XXII this week. BAT $7m + $7m endorsement of XXII's IP. Factory purchase, MSA progress, uplist application next quarter (maybe NYSE), interest from funds, multiple profit centers, new savvy hires and well connected board member. Even the FDA likes them. Patents issued and NO need for funds. Stock breaking out now that warrants in the rear view mirror. Another blogger stated during a deep inhalation(drug unspecified) that this could be a 100 bagger and did a few simple calcs. He could be right! Proves that there is more in the investment world that losing money on IOC. Free yourselves. Check out XXII. I forgot: No competition and recent European patents. A favorite word in the investment world describes this company: MONOPLOY OK last point. The management seems very competent and ready to strut their stuff. Now back to IOC.

[admin]

Yep, eagle, this thing looks like its finally taking off after a bit of a headfake caused by the overhang from previous finance. But it was always a matter of time before we'd seen that in the rear view mirror.