XG Technology, Inc (XGTI)

[calbwt]

possible but aegis is the underwriter it is their job to bring in support and keep the stock at least at 2.00.

Wrong. Aegis's job is to make money. Period. They owe nothing to xG. They owe nothing to xG shareholders.

If they indeed took a long position when they bought the offering at $2.00, it would be to their advantage that the share price rise so they could later sell at a profit.

However, if they had previously taken a short position at, say, $2.50/share, then covered that short by buying the offering at $2.00, it wouldn't matter to them whether the price goes up or down afterward. They would have locked in their profit when they bought the offering and they would have no position long or short afterward.

Look at the share trading activity in this stock and its pricing and timing relative to the offerings. You can't tell me it's just a coincidence that there's almost always a big spike in price and volume shortly before the offering is announced and priced.