May. 7 at 3:06 PM
$XXII Larry is burning
$1MM/month; the Company is defending bushels of lawsuits; they are measuring sales in terms of single PACKS... and it’s only a matter of time until XXII is, at last, delisted from the Nasdaq.
Even though all of the knobs who are buying the stock can't seem to read, at least XXII is upfront about the catastrophe the company has become:
"We have a history of losses, and we expect to incur significant expenses and continuing losses for the foreseeable future and there is substantial doubt regarding our ability to continue as a going concern."
"We have incurred significant losses and negative cash flows from operations since inception and expect to incur additional losses until such time that we can generate significant revenue and profit in our tobacco business, which casts substantial doubt regarding our ability to continue as a going concern."
