22nd Century Group, Inc. (OTCMKTS:XXII) Gathers Momentum
22nd Century Group, Inc. (OTCMKTS:XXII) continues with the pleasant surprises, reaching a steady terrace at $1.40 after adding another 10% on dollar volumes above $550,000. The ticker so far refuses to fall, and there is even a slight gain in momentum in both price day range and trading volumes. 
And all of the latest trend was achieved without the help of a paid promotion, only on the basis of the latest financial results plus an injection of cash after the sale of warrants. Given that the cigarette business is almost certain to find success, XXII is becoming more and more attractive with its latest climbing trend. 
The results from July 20th reveal:
- $278,000 Cash
- $2.9 million Total assets
- $1.8 million Current liabilities
- $10 million Total liabilities
- Zero revenues
- $2.5 million Net loss
The expectations for this company include steady, though a bit slow growth due to the special nature of its products. XXII develops and markets low-nicotine cigarettes from its own selection of tobacco varieties.
In the past few days, Vapor Corp. (OTCMKTS:VPCO) was closely following the successes of XXII, being in almost the same basket with its offerings of electronic cigarettes. The ticker reached $1.04 after adding about 2%, as buying exceeded $550,
000.
Montalvo Spirits, Inc. (OTCBB:TQLA) is another selection of higher quality that revved up for a while around the $1 levels. On Thursday, the ticker lost nearly 6% to stand at 73 cents. TQLA had a long PR campaign, and may still hold longer-term potential, although the correction for now is wiping out the gains.
How long this strong period will continue for XXII is unknown, as both Fridays and Mondays are days of reassessment which could bring a correction. Still, XXII awakens a lot of sympathies, and might be a good choice if you also can afford a few bad days.
