XG Technology, Inc (XGTI)

[UFO]

Hey everyone. I'm thinking about buying some $XGTI, but I'm curious about a couple of things. How did this stock go from $94,500 to $2.26 a share? Is that some kind of record? I did some research and saw all the reverse splits, dilution and it looks like the insiders are day trading the stock. But I don't think even all that can account for a price swing that big. On the other hand, it looks like the stock currently has built a pretty decent base and I REALLY like the strength we're seeing today. Can anyone give me a quick Cliffs Notes on what happened here? I just want to make sure the management of this firm is solid. (and sane) Thanks!

UFO