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What is the significance of XXII’s announcement to sell 20.57 million shares?

Mr Cheaply On 8:02 AM

XXII just announced they will be selling 20.57 million shares at $2.625 per share. This is well below the price the stock was currently trading at. What exactly does this announcement mean? Can anyone buy shares at this price?

Submitted October 09, 2017 at 10:31AM by TheRaginGoose http://ift.tt/2y7FJPU

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What is the significance of XXII’s announcement to sell 20.57 million shares?

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