{"id":1964,"date":"2013-07-17T10:15:13","date_gmt":"2013-07-17T10:15:13","guid":{"rendered":"\/?p=1964"},"modified":"2013-07-17T10:25:39","modified_gmt":"2013-07-17T10:25:39","slug":"22nd-century-group-inc-otcmktsxxii-accelerates-the-fall","status":"publish","type":"post","link":"\/articles\/22nd-century-group-inc-otcmktsxxii-accelerates-the-fall\/","title":{"rendered":"22nd Century Group, Inc. (OTCMKTS:XXII) Accelerates the Fall"},"content":{"rendered":"<p> The drop for 22nd Century Group, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=XXII\">XXII<\/a>) is accelerating, as the company made an interesting move based on its financial results. But the ticker lost more than 17% on Tuesday, standing at 92 cent, quickly retreating from the recent heights of $1.30. Even when the trend was established, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=XXII\">XXII<\/a> did not attract any professional pumpers, rising only on its own merit as a potentially lucrative cigarette company. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/XXII0716.png\" border=\"0\" alt=\"XXII0716.png\" title=\"XXII0716.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>Potentially only, since <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=XXII\">XXII<\/a> is still marking zero revenues, and is burdened by development costs, showing in its filings: <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/3VPCO716.png\" border=\"0\" alt=\"3VPCO716.png\" title=\"3VPCO716.png\" width=\"350\" height=\"156\" \/><\/p>\n<ul>\n<li>$278,000 Cash<\/li>\n<\/ul>\n<ul>\n<li>$2.9 million Total assets<\/li>\n<\/ul>\n<ul>\n<li>$1.8 million Current liabilities<\/li>\n<\/ul>\n<ul>\n<li>$10 million Total liabilities<\/li>\n<\/ul>\n<ul>\n<li>Zero revenues<\/li>\n<\/ul>\n<ul>\n<li>$2.5 million Net loss<\/li>\n<\/ul>\n<p>On the positive side, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=XXII\">XXII<\/a> has gathered a momentum of attention, and its price is still close enough to three-year peaks. Trading is more active, and the company holds some longer-term potential, with plans and licenses to distribute its tobacco products.&nbsp;<\/p>\n<p>In the past, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=XXII\">XXII<\/a> has recovered from temporary valleys, and the latest three-day selling is light enough that it would allow new interest to arise. The month of June saw some insider trading, around 200,000 shares shed at around 60 cents, a small amount to the free<\/p>\n<p>float of 17 million shares. Still, daily volumes hardly break through a million shares, and insider holdings may affect the price somewhat. <br \/>The potential of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=XXII\">XXII<\/a> recalls that of Vapor Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VPCO\">VPCO<\/a>), a producer and distributor of electronic cigarettes. The main difference is that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VPCO\">VPCO<\/a> has a more lucrative operation, with may worldwide markets. The ticker has been enjoying robust interest without a formal promotional effort, outside the press releases from the company. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VPCO\">VPCO<\/a> is also struggling around the $1 levels. <br \/>There is similar tension in the graph of Liberator Medical Holdings, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LBMH\">LBMH<\/a>), a medical company with a solid record that now grows independently, yet may struggle with the $2 borders.&nbsp;<\/p>\n<p>Whatever the underlying business, penny stocks hold enough risk, so it is best to estimate your preferred time horizon, and the affordability of sharp corrections when <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=XXII\">XXII<\/a> breaks the rising trend, as it usually does.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The drop for 22nd Century Group, Inc. (OTCMKTS:XXII) is accelerating, as the company made an interesting move based on its financial results. But the ticker lost more than 17% on Tuesday, standing at 92&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[782,779,757],"class_list":["post-1964","post","type-post","status-publish","format-standard","hentry","category-news","tag-lbmh","tag-vpco","tag-xxii"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1964"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1964\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}