Today's announcements absolutely confirm that xG Technology investors are shafted. Johan Bohman must be feeling such a mug. Hopefully he's reaching for the 'Lawyer' speed-dial button (on his non-xG phone) as I type. While he's pumped in millions into xG, Rick has put in a fraction of that. Now he's planted the seed of MBTH in the belly of xG, ready to burst out at any moment he chooses.
George Schmidt has so little confidence in xG's future that he chooses to join MBTH instead. He's admitted where the future lies. xG is as good a dead, and so is all the lovely money people have invested in it.
MBTH is contemplating investment in xG of a total of up to $10 million pursuant to the additional shareholder loan facility announced by the Company on October 8, 2010.Under which terms MBTH will own all of xG if Rick does not pay Rick. So, they'll put in just enough to keep the ship afloat until the Army trial result comes through. Then, whatever the result, Rick can close xG down.
If MBTH is required to make a mandatory take-over offer to the holders of all of the xG Shares not held by MBTH then the offer price will be less than the latest closing mid-price of $0.16 per xG share since MBTH will have to offer to purchase more shares than under its contemplated investment in xG.Less could be $0.01, or $0.001, or $0.0000001.
Just a matter of time. It's over.
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Noose is tightening on you and your mongo monkey friend.
ReplyDeleteOuch Marc. The investors money that will be lost forever will include yours. Mooooohahahahahaha!
ReplyDeleteIs that why the stock is up 30 percent?
ReplyDeleteLife looked at through the bottom of a bottle...too bad.
The only good news for you in that case is that you are not the only idiot on the planet.
ReplyDeleteLet's assume the unthinkable: that the Army trial is successful. Big order. Rick owns 39% of the company. With a simple keystroke on the accounts package Rick can close xG and own 100% of the order.
ReplyDeleteWhat's stopping him? Loyalty to you? Honour? Don't make me laugh.
It's amazing there's one idiot left still believing xG actually is a real company.
ReplyDeleteI worked for these guys back in the day of of iDigi...Run from these guys!
ReplyDelete"It's amazing there's one idiot left still believing xG actually is a real company."
ReplyDeleteHe doesn't believe it's a real company. He never has. He just wants the detractors to STFU -- they're scaring away potential "investors".
XGT is hilarious and the guy referred to as "one idiot" is exactly that.
ReplyDeleteI've given up on XGT and don't give a shit what happens. I've written my shares off and if if I get anything more than that it's just a bonus.
"I've given up on XGT and don't give a shit what happens. I've written my shares off and if if I get anything more than that it's just a bonus."
ReplyDeleteIs that you Johan Bohman? :-)
"Is that why the stock is up 30 percent?"
ReplyDeleteGet real. The only honest movement of the share price was the plunge from $18 down to $0.10 while the the smart ones were waking up and getting out.
With a stock this illiquid, ups and downs of 50-75% in a single day mean absolutely nothing. Besides, you can do just about anything with the share price when you're both the buyer and the seller. (And as long as you don't jack the price too high, you don't run the risk of any bagholders dumping their shares and costing you money.)
As Anonymous says, they can play around with the share price as they like but in the end it's not one single buyer in the market but a few sellers. Why would anyone buy shares in a company that doesn't have a product and where the major shareholder has a call option to buy the company at any price, i.e. $0,01 cents/share.
ReplyDeleteI believe "the idiot" aka Marc Dannenberg has been urged by xG not to post in public any more. That would explain why he's not here and it shows he's a nobody everyone is just playing and having fun with.
ReplyDeleteWow, 3 chicks talking to each other like disgusting magpies. You guys doing laundry as you post?
ReplyDeleteOne idiot worked with iDigi 10 years ago...wow, really bringing out the dregs, drunk like only you can...hey idiot who doesn´t give a shit...mdandml@hotmail.com...I offer you .07 USD for your shares. Lord.
Oh, idiots...I guess the 10 mil from George etc, is not real and I guess this company has less issues raising funds at any point in any time than busted banks do...I guess the co. hiring 17 people running their own job fair is a sure sign of a co. you pissants are describing...(cue alien music now drunk)
ReplyDeleteOne more thing idiots...I love how I make you dance by mentioning stock movement...Morons, xG share movement means absolutely nothing but its like I am shooting rounds at your feet...I like it!
ReplyDeleteBlam Blam Blam!!! Dance!!!
Marci, you are correct. xG do have some job adverts out. But it's certain that their paycheck won't be saying xG on it after a few months.
ReplyDeleteAs soon as the Army results are through - positive or negative, xG will be history. There is no other way. Rick has 39%, with a keystroke he can make it 100%.
P.S. you are stuffed.
ok Drunk, sure. Did you check that Rowland Bohman transaction yet?
ReplyDeleteGlobal Communications Standard.
ReplyDeleteTrillion Dollar Valuation.
Come Get Some.