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BRKK fan page on Facebook https://www.facebook.com/groups/302455623796159/?ref=share
I agreed with you 100%. BRKK owns the patents this could lead to another lawsuit, partnership or merge?
Yes I agree See Brkk board for DD news coming —IMO it looks like something brewing between them
There MIGHT BE a relationship between BRKK and XGTI.
See BRKK board for DD and posts.
I’ve been reading this board and the conversation seems to be “what happened”. Well,
Something to consider:
Look at the price history of xGtechnology (XGTI) on or about the time BRKK WON THE LAWSUIT!
Their price started a death spiral. More research needs to be done, but since they clearly claim VICAREO Refcam technology in their PRs there is proof of the entire relationship.
The price tank probably happened when their investors realized xgTechology AND VICAREO SYSTEMS does not own the patent.
BRKK OWNS THE PATENT!
As far as I can tell XGTI was not directly involved with lawsuit but the patent that makes the transmission signal possible is actually owned by BRKK. Not Vicareo Systems.
There may be ongoing efforts between BRKK and XGTI to have a relationship going forward. BRKK shareholders are expecting a PR anytime.
All IMO
XGTI don't fall for their little crap PR's
XGTI it's simple the company is stealing from shareholders to pay their fat ass's to do nothing
I am still baffled about the trends in this stock.
No joke! I was only in this pig for a short-term play and lost a little. Haven't been watching it for 6-8 months, WTH happened??? It was above $1 the last time I checked the price.
UFO
What's left of "good ole" XGTI?
The $4M senior convertible loan will add at least 5M shares to OS if they would recover (best case). Otherwise some VWAP and what not anti-dilution will take into effect.
5/29 $4M at 6% interest, Maturity Date 5/29/2019, starting payback 9/29/18.
Minimum buyback is after 180 days is 115% premium: $4.6M
In case company does more financing, make whole death spiral will be ignited - conversion price lowered of course.
OS ~18M?
+++
So how much equity is left for common? Using 1Q18 numbers:
Cash $0.46M
Current Assets $24.17M
Total Assets $33.42M
Total Liab $18.56M
Equity $14.85M or 82.5c
Net Equity $5.61M or 31c (Current Assets - Total Liabilities)
Applying best case: $4M cash and just $4.6M liabilities.
Cash $4.46M
Current Assets $28.17M
Total Assets $37.42M
Total Liab $23.16M
Equity $14.26M or 79.2c
Net Equity $5.01M or 27.8c (Current Assets - Total Liabilities)
++++
They burned this equity quite well during last cycles, was $27.47M 1Q17.
Net change in Cash is around $2.4M - $4.4M per quarter, so if company doesn't manage to get their burn below $2M in 2Q18 (now) and become positive in 4Q18, they need another financing around 4Q18, which will trigger this financing anti-dilutive measurements.
They require $15M revenue per quarter to break even as stated by ex CEO, but last 5 quarters just reached $9.34M - $14.11M, $11.512M average. So avg deficit was $3.488M per quarter.
+++
Conclusion IMHO: A lotto ticket, esp w/ $1 SP violation now. If SP dives to net equity value of that 27.8c I may buy some.
I am also not sure whether the only class of products they sell - the wireless video transceiver thing, is such a novel thing anymore. Consider HEVC video compression codec to be ordinary by now and wireless links also no rocket science. Meaning: Competitors are there as well.
What else worth mentioning do they have to sell producing revenues? I don't know.
Their MIC engagement can only be seen as a negative here, all burning costs, no income and giving company a bad aftertaste.
GLTA (no position here ofc)
* * $XGTI Video Chart 05-23-18 * *
Link to Video- watch analysis by clicking HERE
How they can continue their Ponzi schemes is beyond me. I assure you the SEC has been alerted and I have been contacted.
Shareholders should really contact the SEC and attorneys to have these clowns sued, prosecuted and thrown in jail
Exactly, they’re taking a pretty good product & running it into the ground.
Insiders trashing the company as they did before, they have no regard for the company or shareholders only looking to fatten their pockets, theives
Well the Clay is posting, this thing to going down to sub cents & then a new reverse split that’ll cost you 40 or 50 bucks
XGTI like I said insiders diluting the snot out of this ... no better than a pinky pos
* * $XGTI Video Chart 04-03-18 * *
Link to Video - click here to watch the technical chart video
The only thing it seems these insiders know is how to continuously sell free shares they received ,,, nothing else ,,, these guys should be in jail for grand theft
Nice to see good earnings, pretty rare these days. Revenues for the year were $47.8 million, representing a 624% increase from the prior year. as I mentioned before XGTI is Moving Forward. just need patience.
Revenues up 70%. Positive financials!!! That’s what I like to see
10k out. Up after hours.
Appears to me that insiders just diluting the snot out of this and selling it into the ground, what a scam, worse than a scammy penny stock
CAN ANYONE SHED SOME LIGHT ON XG TECH,AS TO WHY SUCH A PRESCIP DROP?
Is XGTI ever going to release earnings? My calender had them scheduled to release on 3/26.
$XGTI and $DIRV still working together?
XGTI these guys are worse than penny stock scammers
XGTI too bad insiders are trashing it down
News: IMT Vislink's HCAM HEVC 4K Wireless Camera System Goes Live, Deployed by Broadcast RF at High-Profile UK Soccer League Matches
http://crweworld.com/article/news-provided-by-pr-newswire/209748/imt-vislinks-hcam-hevc-4k-wireless-camera-system-goes-live-deployed-by-broadcast-rf-at-high-profile-uk-soccer-league-matches
Nice... "the order includes Vislink HCAM 4K UHD systems"
:^)
xG Technology's Vislink Business Receives Order in Excess of $1 Million
https://finance.yahoo.com/news/xg-technologys-vislink-business-receives-123000466.html
XGTI another solid development beside recent contracts. I will add it to my 5 recommended micro caps (well positioned) for 2018. https://twitter.com/ash_trader/status/944552346780127232
XGTI.
xG Technology's IMT Vislink Business Completes Delivery of First Order Against $12.5 Million U.S. Army Contract
Print
Alert
XG Technology, Inc. (NASDAQ:XGTI)
Intraday Stock Chart
Today : Wednesday 27 December 2017
SARASOTA, Fla., Dec. 27, 2017 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a leading provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for critical communications, announced today that its IMT Vislink business has completed delivery of the first order against the previously announced $12.5 million U.S Army contract award. The contract covers the supply of hand-held intelligence, surveillance and reconnaissance receiver devices. Delivery of the first order was completed significantly in advance of the required delivery date of Feb. 15, 2018.
George Schmitt, Executive Chairman and CEO of xG Technology, said, "We are pleased to have successfully completed, shipped and delivered the first part of the Army order well in advance of the date by which we were obligated to deliver. We all appreciate the efforts of our team in both the United Kingdom and the U.S. to get the job done. We look forward to continuing to deliver these state-of-the-art devices to our people in uniform to help them in their job of protecting all of us."
Picked some up because this is a great long
Why don't these guys get into RFID technology - It's a blue sky opportunity.
Good bump over last two days... any recent news anyone knows of?
Leidos (9bn market cap) partners with xG Technology
https://www.prnewswire.com/news-releases/xg-technology-awarded-contract-to-provide-interference-mitigation-technology-under-government-shared-spectrum-research-program-300563410.html
XGTI xG Technology's IMT Vislink Business Awarded $12.5 Million US Army Contract for Hand-Held Intelligence, Surveillance and Reco...
Yes, I think you should sell. Have bids waiting for you
How much of this $12 million will actually be delivered?
xG has a long history of announcing multi-million dollar contracts that never quite come to fruition. The PRs are all to get people to buy the stock. That's where the real money is.
XGTI. Integrated Microwave Technology LLC,* Hackettstown, New Jersey, has been awarded a $12,583,035 firm-fixed-price, foreign military sales (Afghanistan) contract for the purchase of hand-held intelligence, surveillance and reconnaissance receiver devices. Bids were solicited via the Internet with eight bids received. Work locations and funding will be determined with each order, with an estimated completion date of Sept. 24, 2020. The 408th Contracting Support Brigade, Regional Contracting Center, Qatar, is the contracting activity (W912D2-18-D-5000).
2016
https://www.prnewswire.com/news-releases/xg-technology-completes-purchase-of-integrated-microwave-technologies-llc-300212653.html
I wonder if they’ve heard about profit. It’s when your income is bigger than your expenses. Hope this helps XGTI-management!
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xMax is a fixed and mobile wireless broadband system that includes a complete product line of high-performance access points, fixed and mobile personal WiFi hotspots, mobile switching centers (MSC) as well as network management and deployment tools. xG’s unique and patented protocol outperforms WiFi, WiMax and traditional cellular technologies like LTE in shared and interference prone radio bands. The xMax over the air waveform has been specifically designed for use in a deterministic (i.e. fixed low latency) cognitive radio network. This waveform, in conjunction with its purpose built Media Access Control (MAC) layer, offers capabilities and performance not found in other wireless solutions.
xMax is an end-to-end Internet Protocol (IP) network solution that incorporates xG’s patented cognitive radio technologies to deliver the first fully mobile VoIP and broadband network that also supports any smartphone, laptop, tablet and other commercial WiFi or IP-enabled devices via its xMod personal hotspot – while offering an excellent quality of service (QoS) and fixed, low latency.
xG’s approach has been to develop a network that uses available free spectrum instead of costly licensed spectrum and an all-IP architecture that is less expensive to deploy and operate. The company’s xMax system addresses the numerous technical hurdles involved with mobile VoIP and data in today’s crowded airwaves. The result is an extremely efficient network solution that delivers high quality fixed and mobile wireless Internet services at very low cost.
Every aspect of the technology is designed for the highest possible efficiency and QoS. xMax is designed to prioritize voice calls by delivering dedicated time-slots, as well as a voice calling app for android phones and tablets. This approach guarantees a low and fixed latency for every call, which essential for reliable voice calls on heavily loaded wireless broadband systems. The xMax system ability to provide fixed low latency connectivity for real-time communications is in contrast to technologies like Wi-Fi and WiMAX, both of which are contention-based “best effort” delivery systems that cannot provide scalable voice services without significantly reducing their data carrying capacity. xG’s proprietary air interface addresses these limitations, while supporting full sensing-based cognitive network operation.
xMax carrier class cognitive radio networking solutions are made up of the following key products:
xG Technology is an IP (Internet Protocol)-centric developer of innovative and disruptive communications technologies for wireless networks. The company has built an extensive portfolio of intellectual property that covers a broad range of applications, including cognitive (intelligent) radio technology that can make wireless networks more flexible, intelligent, accessible, affordable and reliable.
xG has brought together a number of its key technology advancements to create xMax®, a robust, comprehensive fixed and mobile wireless broadband system. xMax can serve as a powerful private network solution that without the costs or limitations associated with traditional wireless options. xMax is capable of operating fully independently of fixed infrastructure, and enables the rapid deployment of wide-area voice, video and fixed and mobile broadband services in any environment.
By leveraging its patented cognitive radio technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR), xMax can eliminate the barrier created by expensive or unavailable licensed spectrum. These technologies increase the efficiency of existing spectrum assets, allowing providers to deliver new services, offload existing voice or data traffic, improve QoS, and enhance network capacity for their customers.
xMax represents a powerful solution for a wide array of users, applications, and markets. xMax has the ability to serve as either a permanent or temporary wireless infrastructure, making it ideal for a number of deployment scenarios, both domestically and internationally. These include emergency response/public safety, defense, utilities and other critical infrastructures, urban and rural wireless broadband, transportation, educational and health care facilities, corporate campus settings and event management.
Based in Sarasota, Florida, xG has over 60 U.S. and over 140 international patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market where xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW.
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