22nd Century Group, Inc (NASDAQ:XXII)

We disagree with the rebuttal by XXII’s management and stand by the sourced facts in our original article. XXII claims that the “misleading and inaccurate statements are too numerous to address,” but we think if the four they picked out to address are their best points, shareholders should be extremely worried. Additionally, we will welcome further rebuttal from XXII management, should they find it necessary. 

• We offer our own rebuttal to all four of XXII’s counterarguments to our piece published Wednesday (yesterday) morning.
• Rather than worry about the nuanced arguments XXII made in its rebuttal, we believe investors should be more interested in what XXII management did not address.
• We stand by our research and original sourcing and believe that XXII could be offering up even more smoke in its rebuttal.
• We continue to advise caution to shareholders who are funding XXII’s $47M failure and lining executive’s pockets

See our full rebuttal here.

Today, we have released a detailed short-biased report on XXII.  Our salient points:

• A number of factors lead us to the conclusion that 22nd Century Group (XXII) is severely overvalued and likely worth no more than $0.20 per share.
• In the past, the SEC charged XXII CEO Joseph Pandolfino, Jr. for stock manipulation of two stocks.
• Insiders have enjoyed exorbitant wealth at the expense of shareholders.
• This company is no stranger to massive dilution, and we believe more is on the way.
• Project abandonment, failed repackaged ventures, absence of sales and advertising, fluff press releases and a huge accumulated deficit translate into a bleak future for XXII.

For the full article, please go here.