XGTI best buy for November small cap runup. XGTI has a very high beta and a history of exploding on news. With the tiny float it could hit $2 in a nanosecond.
I don't expect bankruptcy anytime soon. These guys are pros. They've been at it for 16 years now. Once they get booted off NASDAQ (10 more trading days below $1 before they get another delisting notice) they'll simply move their carnival to another exchange and tap another round of bagholders.
When they were getting ready to list on NASDAQ in 2013 they had a $128 million accumulated deficit and no revenue to speak of. In the two years since listing on NASDAQ they've grown that deficit to $178 million, still with no revenue to speak of.
It's not that their tech is out of date. It's that there never has been any demand for it. And virtually all their sales throughout their entire history have been to company insiders. What little they have managed to sell to outside companies seems expire before delivery or gets cancelled after one or two payments.
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