I bet you all were wishing you would have pulled the trigger at 3.06 today I know I was one. Today could mean a cosmic shift in the dynamic for the stock. This might have been a last hurrah for the shorts at these prices as they valiantly tried to make an attempt to get this under 3.Finally we may see some real conviction in the buyers we shall see.For one night at least we can sleep well.
I added more today, and am feeling very confident in my purchase. Yesterday's news of the $7.7M warrant elimination = brilliant move by mgmt - cleans up the balance sheet and makes XXII even more attractive to institutions. Factor this in with the 93% warrant elimination in December, and Sabby's stake is now virtually non-existant.
The chart is strengthening and basing above $3. IMO we don't see less than $3 anymore. Next catalysts are AGM (4/12), MSA approval thru NASCO acquisition which unlocks pending and contingent distribution agreements for RED SUN...
Add a potential $6.7M sole-source contract from the FDA for cigarette reference products that XXII has partnered for and appears to be a serious contender to win (Chardan: 3/17). This could add an unexpected pop to the bottom line.
I'm so glad also to see the late rally both yesterday and today though today's was so much more impressive!! I also enjoyed an amazing day as my ISR close at $3.12 and I added 33% more to my shares in it today in the high $2.60's! I'm thinking ISR will soon be trading higher than XXII, but I'd rather they both break into the $4's and beyond "together"....all the best to you and all XXII longs!! Will be traveling so not in touch much for awhile.