Apr. 23 at 8:17 PM
$XXII Get ready for some new MASSIVE dilution.
Larry is burning
$1MM/month... and has less than 3 months cash on hand.
The company has absolutely no plan for (profitably) selling VLN.
Larry has managed to shrink XXII's legacy contract manufacturing business by more than 50%.
They were forced to contract with North Carolina State to lab test their VLN crops (today's press release) because Drs. Moynihan, Rushton, Sanchez and all of the company's lab/R&D staff were let go...
I totally understand why shareholders were selling today... My only question: Who is buying this dumpster fire???
Meanwhile...
$CHUC was up, smartly, today. ☺️