XG Technology Inc (XGTI)

[calbwt]

More dilution. Sheesh. These guys have balls.

1.6 million shares at $0.28. They already blew up the outstanding share count by a factor of 20 between last year's reverse split and this year's reverse split (probably just the first one this year, too). They have another reverse split (their fifth in less than 4 years) pending a vote, which in turn is pending a meeting that is currently adjourned to Oct 3.

After falling below $1 a second time because of all the dilution and getting a second delist notice, and after running out a whole year of grace period they appeal the delisting. And they dilute some more.

Brass ones. Big brass ones. Huge shiny brass ones. I'm in awe.