Aug. 6 at 6:43 PM
$CHUC To give you my perspective... I've followed Henry Siciano (now CEO of CHUC) for a decade. He ALWAYS invests his own money in any company he runs. He ALWAYS acts in shareholders' best interests. At
$XXII, he grew the company from a
$5MM marketcap to well over
$700MM, at which point he left the company for health reasons. From what I understand, though he made many Buffalo, NY shareholders millions of $ (I know of two investors who each made more than
$5MM), Henry never sold a share -- even after he left XXII. Due to the supreme mismanagement of his successors, XXII became a catastrophe and Henry (personally) lost
$20MM+. He has now invested 7-figures in CHUC -- and has never sold a single share. CHUC has reported that, with FDA authorization of only a handful of its flavored products, CHUC could be worth
$1-2 billion (
$3-6/share). That's an investment thesis I understand.
(FYI, Henry was also the executive who sold American Spirit cigarettes in 2002 to RJR for
$350MM+)
