22nd Century Group: A Lot Of Smoke, Not Enough Fire – Seeking Alpha (registration)

22nd Century Group: A Lot Of Smoke, Not Enough Fire
Seeking Alpha (registration)
In November, XXII issued another 3.2M shares of its common stock and 1.7M warrants for $809.5K, or $0.25 per unit. XXII only received $681K in cash, however while the rest was exchanged for a reduction in accounts payable and directors’ fees owed.

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