Some reasons taat has failed and stock decimatedQuite frankly, it is a number of failures which has led to the demise of this stock.
1. Failure to obtain Nasdaq listing.
2. Failure to close deal for smoking app.
3. Failure in the European market
4. Failure to launch a non combustable cigarette
5.Failure to make a profit, just losses
6. Failure in posting losses every quarter, every year,
with 115 in losses so far
7. Failure to be transparent for investors
These are just a few of the reasons, investors have gotten the message and
are abandoning the stock. As there is no liquidity, with few shares traded,
selling will be hard at the price they want to get, which is 19 cents.