Replies to post #923 on XG Technology, Inc (XGTI)

[calbwt]

This is actually their second 180-day grace period. Shortly before the end of the first one they did a reverse split to get back above $1. Once they were back in compliance they printed more shares and promptly diluted their way back below $1. 30 days later they got another delisting notice and 180-day grace period. This one runs out in three days now. It's too late for them to reverse split and be above $10 for ten days before the 28th, so how would they qualify for another grace period?

I ask this in all seriousness. By what rules could they qualify for an extension of the grace period? People keep saying they'll get one, but nobody can say what rules would allow that.