"xG technology said the U.S. Army chose it as a subcontractor on a 497 million communications and networking contract. Shares rose 68% to $3.10
The headline says xG technology "Fawking SAID" so quit with the #$%$ of they didn't say! CEO needs his BA!!S squeezed in a vise for pumping false information to analysts covering the story! He's a faking liar period and should be liable for the damaged share price that many are left holding. Falk him!
100% agree. I said this the day the PR was released. CEO needs a follow up with clarity of terms and conditions to subcontractor. It won't happen because like you said, insignificant portion if any will be awarded xG Tech. We were scammed and insiders were selling for profit. Wait and see when Form SG-13Gs start surfacing with giant SELLS attached to them. Matter of time folks!
"I suspect it's Coleman calling in favors to get his buddies to toss xG some scraps for the PR value. It worked. Big time."
This statement is true but punishing the CEO for it is impossible. It's a "PROVE IT" situation. The reason it is true is because the price immediately shot up, was printing on CNBC tape over and over, was covered by Street as a stocks under $10 ready to explode, and was trading pre-market at $3.40 and at the opening bell began the horrible fall as insiders and hedges were selling in truck loads and the general public could only read xG technologies receives $497M contract with Army. They baited retail and sold all day and sadly it can't be traced. This may be the companies last ditch effort to survive on the profits from this scam or they simply announce we are excluded from the subcontract due to inability to produce!
I'm ready to take some heads off for this manipulation!
Very true scum ball only thing is it's still working on the left leg down to about $1.85 then months of silence and then another vague PR and bump to $3+ only to retract right back to $2. IDIOT you are the reason I post cause you need your A$s kicked verbaly!
This PUMPER is a fraud just like xG technology! Many were fooled by shady PR which analysts have determined to amount to XGTI getting 12M of the entire contract over 5 years. Cannot confirm because CEO is afraid to speak and jeopardize jail time for insufficient detail to contract. He should be barred from running any company.
draw attention to a PR that nothing but FRAUD!
Yep, I'm one of those lambs that got sheered to the skin and fell for for the first PR dollar amount and xG acting as though it was awarded them exclusively. It seems they're comfortable straddling the line of fiduciary obligation and FRAUD! There's no way to justify the volume today by any other criteria other than the wording of the PR. A class action lawsuit needs to be initiated by investors IMO! These guys are crooks if this isn't broken down into understandable percentages of all contractors and the subs by EOW!
board members needs to disclose the portion of the 497M contract awarded xG Technology, Inc. or a class action suit needs to be filed immediately. Analysts are now estimating only 12M was awarded xG. However, the PR was anything but clear and led investors to believe that their portion was 497M and no attempt by xG tech to revise was made. You cannot claim credit for 497M and then later disclose a mere 5% of that amount was ours! That's fraud and can be punished to the fullest extent! Class action suit should be sought for misrepresentation of actual facts, percentages, and dollar amounts.
All (3) points you mention bring absolutely no interest or draw the necessary attention to entice new buyers! There worthless in the Market's eyes and the insider buys have actually hurt the reputation now as the share price collapsed. It was staged as a publicity stunt and St. jumped all over it with a quick purchase and sell the following day after their article! DD try it sometime it really does work!
Still waiting for Company to back insider buys with logical growth going forward. Hate to say this but everyone of these insiders is crooked at one time. LIQD could be a giant shell game and disposed of in short notice. They should be announcing every new potential if there were any. That plan failed so to remain silent is killing this stock. When Brian finally does speak it will be to inform investors that the platform they hoped would sell did not! No interest at conferences is another tell. Market has cloud already working LIQD late to the race. Sorry facts bother you and DD is your weakness!
Funny thing is people are listening and getting nervous as pressure builds but not in the direction you're hoping for!
Big piece to answer a simple question but relevant to the problem! Funny no ones drawn attention to those recent awards. Look them up it like a little league winning the ribbon for first place. Not recognized anywhere except for a few small companies! headed to $1.38 and lower by Friday!
and start a landslide. I truly believe bad news due to HFT regulations and hedge funds getting nervous will trigger a market sell off. IMO!
Avoid this scam and thank me later. one year from now it could reach $2.12 but as we've seen this target number has been falling with every analyst estimate lowering. 3-4 years to begin growth if not BK before then. Other possibility private takeover!
This plane can't get off the runway folks. Sell it and certainly don't buy it now as it could be under $1.00 after next ER.
Go ahead chase it down, average down cause your certainly not making money with this equity. Fool, tool, is better than Liquid's footstool which all holders will be soon. Private notice coming soon, be ready, ITY!
What dreamers of holding LIQD are wishing for is for this to go back up! Got news for you, it's headed lower then private at a price of $1.25 a share. Investors were suckered the minute the fake insider buys started. The only thing shareholders will need to clean is the vomit in front of them when the news hits!
I do every day with a smile on my face and good conscience that sharing facts about company's that play games should be punished. LIQD just happens to be a the top of that list. Complete gamesmanship going on behind the scenes trying to fool investors first and foremost with all the insider buys. It's hurt the share price due to the market not falling for the game they're playing. I'm here because I got caught in the game and don't like losing. This company is losing proposition for any size investment as it will soon be private IMO!
crosses $1.38. Insiders don't care their still money ahead!