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Star Scientific (CIGX) vs Reynolds Patent dispute

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6 years 10 months ago #32555 by snussci
snussci created the topic: Star Scientific (CIGX) vs Reynolds Patent dispute
So today Star Scientific (CIGX) has made progress in the lawsuit against Reynolds for ripping off the dissolvables technology from thier Ariva/Stonewall dissolvable tobacco that was used in Camel Dissolvables:

For the story here:
seekingalpha.com/instablog/576542-onthem...ffice-ruling-game-on

The CIGX stock approached $3 today and is currently about .... 2.81 as of about 5 minutes now.

For all of you who are interested in this stock, it has made some pretty strong strides after favorable rulings against these large companies, and approached almost $6 last May? I believe?

Sorry for the inexact numbers, but for those of you who interested, I encourage you to read up on it and share your thoughts! If not relevant directly to Swedish Snus, I am fascinated by this company because they seem to have a rather genuine commitment to Harm Reduction, and tobacco-related innovations.

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6 years 10 months ago #32556 by br-ettan
br-ettan replied the topic: Re: Star Scientific (CIGX) vs Reynolds Patent dispute
Thank you for this information.

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6 years 10 months ago #32709 by snussci
snussci replied the topic: Re: Star Scientific (CIGX) vs Reynolds Patent disp
After closing at $2.95 Friday afternoon, early morning trading monday morning pushed the CIGX stock to $3.44, and opened at $3.39 today. The stock surged hard in the morning, pushing to a new 52 week high, at $3.84/share.

I had purchased a small portion of shares this Friday at $2.649, and sold the stock at $3.60 to lock a quick profit as it seemed to heat up a little too fast to really hang onto.

The stock reached a day low of $3.25 (sometime mid-morning) and is now trading at $3.56, slightly above price for the day.

Because the company is so small, and research-driven, I think it is really difficult to ascertain what the true value of the stock is. Let me just say this, I think they make some products with huge potential. On February 2, 2011, Star filed for an FDA approval to market its new ultra-low TSNA Moist snuff, Stonewall Moist BDL (Below Detection Levels) as a MODIFIED RISK TOBACCO PRODUCT.

On another note, MY EXPERIENCE with this company:

I went on the CigRx website (one of Star's big consumer products, a non-nicotine smoking cessation aid) and it displayed an offer for a free sample pack with by calling their 1-800 number.
So I did. The customer service representative had to be the most unarticulate person I have ever spoken with, whose first language was actually English, and claimed to be representing any kind of business.

Seriously, this is how it went:

Agent: Uh, Hi, so yeah uh, so basically what this uh, is, it's CigRx, it's a smoking cessation aid that, uhh, tastes kind of like, uhh, takes away the urge to smoke and stuff, by uhh, doing something to the neurotransmitters and stuff in uhh, your brain.

Me: Um, OK, that sounds great. Can I have my..

Agent: Uhh, yeah, so here's what were gonna do for you, I'm offering a a special deal right now, where you can get a whole, uhh, carton of CigRx for one low price of 19.99 and I'll waive the shipping, so it's uh,, shipped for free.

Me: I just wanted the sample pack

Agent: Well, uhh, we don't have that offer anymore, uhhh, that must've been old, uhh, when did you see that? That's uhh... not supposed to be that way, I can waive the shipping fo you thought.

Me: But, like I went to www.cigrx.com . And a message popped up that said GET A FREE SAMPLE OF CigRx! The only way to take advantage of this offer is to call 1-800-Code "BROCHURE" to get ONE FREE trial pack Dude like seriously it's on my screen right now.

Agent: Unfortunately that offer is no longer valid, uhh, I can't really do anything about that, so you'll have to send them an email.

Me: So, can you tell me which email address to send that to?

Agent: Uhh, I dunno, it's on the website.

Note: I did go on the website again today and the same ad was displayed...

......
Not sure how to interpret this. I'm guessing either they ran out of stock, and are a poorly organized company, or they just wanted to quit making good on the offer and dont' have their s*** together enough to follow through.
A carton of a product i've never tried? Give me a break!

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6 years 10 months ago #32720 by feck
feck replied the topic: Re: Star Scientific (CIGX) vs Reynolds Patent disp
Oh my. :laugh:

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6 years 10 months ago #32739 by snussci
snussci replied the topic: Re: Star Scientific (CIGX) vs Reynolds Patent disp
Yeah, did I mention I exited the market again after it peaked? Within about 10 minutes of talking to my mother on the phone I watched it go from 3.63 to 3.84 to 3.58, sold at 3.60. Goodbye, Mom -- important business to do!

The entire time I was thinking of that idiot dude on the phone. I might try calling them again tonight and see if the story has changed at all.

Well, after the sale, I suppose I have enough money left over to place my next order of REAL SWEDISH SNUS! :cheer:

I'm going to be watching it over the next few days anyway. The company seems to have a helluva potential for having discovered something very important in the tobacco leaves! For them I give them credit.. Now from going to a research-driven to actually earning profits from REAL CUSTOMERS... they should work on that. I think they need to hire a new customer service manager, or SOMETHING (like maybe an automated phone ordering system)... seriously... :S

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