Dec. 20 at 8:43 PM
$XXII And... do not forget to mention... in addition to the NEW 1 for 200 reverse (after already diluting shareholders 1,000,000 : 1)... Larry launched a
$25MM ATM! AND plans to issue trillions MORE WARRANTS (with anti-dilution protection).
Biggest problem here: Larry has ZERO skin in the game. As long as he can keep collecting his
$500K salary (to lead a
$6MM market cap company!), Larry really doesn't give a sh_t about shareholders. Compare Larry to former CEO Henry Siciano.
When Henry left in 2019, he had invested MILLIONS of his own dollars in XXII. At that time, XXII had ZERO debt. XXII had ZERO outstanding warrants. And, pre cannabis, XXII had a clear mission to reduce the harm caused by smoking.
XXII lost its way when Henry left.
But that's why
$CHUC has been building so much momentum. Once again, Henry invested 7-figures in the company he leads. He got rid of ALL the warrants. He has taken on very little debt. And he has management laser-focused on shareholder value.
