Recent

% | $
Quotes you view appear here for quick access.

xG Technology, Inc. Message Board

  • normanw18 normanw18 May 29, 2014 10:09 AM Flag

    Insiders bought in March 2014 @ $2.74

    Mar 31, 2014 SIDNEY RAYMOND M
    Director
    1,369 Direct Acquisition (Non Open Market) at $2.74 per share. 3,751
    Mar 31, 2014 HOFFMAN KENNETH A
    Director
    1,369 Direct Acquisition (Non Open Market) at $2.74 per share. 3,751
    Mar 31, 2014 TOWNES LARRY C
    Director
    1,369 Direct Acquisition (Non Open Market) at $2.74 per share. 3,751

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • You misleading jerk, don't you know nobody in their right mind would actually spend money for these worthless shares? Keep pumping loser.

      Sentiment: Strong Sell

    • I was going to post this information, then realized I didn't have to.

      • 1 Reply to zonin.amarone
      • If you read those forms 4 more closely (specifically the "Explanation of Responses" immediately below Table II) you'll see that those shares were compensation for service as members of the board of directors. Townes, Hoffman, and Sidney did not buy them. xG *gave* them the shares and merely priced them at $2.74 for accounting purposes because that was the share price at the time.

        I find it amusing that M&B and company decided to compensate the BOD with shares during that March pump and dump. I'm sure Townes, Hoffman, and Sidney are thrilled that those shares are now worth 30% less. (But they were still free, so they're still ahead. Well, except for Townes. He still has that $456,000 worth of equipment his companies bought from xG that doesn't "meet certain technical specifications".)

 
XGTI
0.251-0.0105(-4.02%)Apr 17 4:00 PMEDT