22nd Century Group (XXII)

[tojo]

you are already a big 10 in our hearts, SE88.
thnx for your efforts on XXII

[streamingeagle88]

you are already a big 10 in our hearts, SE88. thnx for your efforts on XXII

Well thank you too. That was classy and I appreciate it.

Imagine, ten.

This is the very beginning of the uptrend for XXII. This may be a lifetime stock as archaic as that concept seems.

Best wishes.

SE10

[admin]

Considering their IP (over 100 patents with regard to the regulation of nicotine in tobacco plants), which gives them the unique capability of being able to regulate nicotine in tobacco over a much wider range than any competitor and, crucially, without using chemicals so not altering the taste, you could well be right here. It could take quite a bit of time to develop the diverse markets for that, but in the meantime, they're about to start up their 'normal' cigarette business.

[streamingeagle88]

More news today. Now they can make cigarettes. Tomorrow they uplist to the junior NYSE. Funds will be buying now that XXII has a proper listing.

Could have purchased shares on Nov 11, 2013 for 87 cents. Hit $6.24 today. Tomorrow probably more.

This is like finding a gas company........with oil.

[admin]

8:55 am 22nd Century GroupSubsidiary Goodrich Tobacco Co granted federal permit to manufacture tobacco products (XXII) : Co announced that its wholly owned subsidiary, Goodrich Tobacco Company, has been granted a federal permit to produce tobacco products by the Alcohol and Tobacco Tax and Trade Bureau of the U.S. Department of the Treasury ("TTB Permit).

As previously reported, 22nd Century Group entered into an Agreement to purchase all of the issued and outstanding membership interests of NASCO Products, LLC ("NASCO), a North Carolina limited liability co (the "NASCO Acquisition). NASCO has its own TTB permit to manufacture tobacco products and is a participating member of the tobacco Master Settlement Agreement ("MSA), an agreement among 46 U.S. states and the tobacco industry administered by the National Association of Attorneys General.

The NASCO Acquisition will close immediately upon the settling states of the MSA consenting to the transaction; such consent consisting of a modified Adherence Agreement for NASCO. At this date, the terms of NASCO's modified Adherence Agreement, as negotiated among NAAG, NASCO and 22nd Century Group, are very close to final.

InPlay from Briefing.com - Yahoo Finance

Once again, congrats, Streaming.

[admin]

22nd Century Group (XXII) Sell-Off Creates a Buying Chance, Chardan Capital Markets Says

Article Stock Quotes (1) Comments (0)

Chardan Capital Markets reiterated a Buy rating and $8 price target on 22nd Century Group (NYSE: XXII), calling the recent sell-off an attractive entry point.

Analyst James McIlree comments, "XXII is off 26% from recent highs (although still up 150% from our $1.80 initiation) and we believe this represents an attractive entry point. We expect multiple catalysts over the coming months to drive the shares higher and we reiterate our $9 price target. The stock remains our top pick for the year."

He added, "Earlier this month trading moved to the NYSE which should improve liquidity for the shares since they become available for more institutional accounts, margin accounts and for retail brokers to recommend to their clients without burdensome approval letters. Adding options chains also adds to the shares' liquidity."

"From a fundamental standpoint the company announced the sale of excess machinery in an auction earlier this month, generating net proceeds of $640 thousand. We estimate this will result in a pretax gain of $182,000. In addition, 22nd Century’s subsidiary, Goodrich Tobacco, received a federal permit (a TTB permit) to product tobacco products from the Alcohol and Tobacco Tax and Trade Bureau of the U.S. Department of the Treasury. This was part of the dual track process 22nd Century has underway to achieve volume production. The other track was acquiring an MSA (Master settlement agreement) from the National Association of Attorney’s General (NAAG) via the purchase of NASCO. Upon consummation of the NASCO deal 22nd Century will forfeit its TTB permit."

For an analyst ratings summary and ratings history on 22nd Century Group click here. For more ratings news on 22nd Century Group click here.

Shares of 22nd Century Group closed at $4.60 on Friday.

[Movieguy]

I agree. I have been picking up a little in the $4.50 vicinity. Thanks for posting.

[macberry]

Well this has been quite the roller coaster...

[admin]

Yea, at $6 it got a little ahead of itself, at least for now. Stock prices move much more rapidly than business developments, and can create significant momentum all by themselves, both on the upside and the downside. Long-term story (business) still in tact, waiting for MSA approval.

[Movieguy]

Anyone have any insights into the stock movements of the last few weeks (and particularly 3:30 EST yesterday) beyond "volatile?"