XG Technology, Inc (XGTI)

[calbwt]

Even if that company is a money loser? One money losing company buying another money losing company?

According to Vitec PR's, in 2013 IMT broke even on GBP14 million revenue, and in 2014 IMT posted a loss of GBP1.3 million on GBP7.9 million revenue. That may have factored in to Vitec's decision to sell IMT.

And look at xG's 8-K/A filed 4/13/2016. In 2015 IMT posted a loss of $3.7 million on $7.2 million revenue. That may have factored into Skyview's decision to sell IMT a mere 14 months after buying it from Vitec.

This doesn't look too good. Everybody's raving about the revenue IMT is bringing to the table. But they don't say anything about the net loss. Does xG really believe they'll be able to turn IMT around?