XG Tech Regs Share Discussion Threads

[regandjess] 19/7/2011 18:56

This cannot have a mkt cap of around 124 mill and with shares in issue of 154 mill and a price oe of .83. Something wrong here.

[iloveit] 08/7/2011 10:36

Yes COOLABI EPIC COO,HAVE YOU SEEN IT TAKE A LOOK?

[andrbea] 22/6/2011 10:13

have started an xgtu thread
xgtu are buyable in the UK thru CREST

[xgistheking] 27/3/2011 15:01

SES in Switzerland...very very difficult stock to buy, now more so because the co. is buying back shares.

[whyme] 15/3/2011 10:48

Where can you trade this stock ? CREST or SETS ? which broker ?

[robson1975] 02/12/2010 07:46

take-under ?

[looky] 29/8/2010 09:42

something is up here. More volume over the last 2 days than over the whole year and the share price goes up 70% ish. If this technology is adopted then these could well be $30. Time will tell.

[looky] 15/3/2010 15:56

Also some interesting stuff re Florida on the iii board

[looky] 15/3/2010 15:39

This is very interesting - could be some short term money to be made here


Non Regulatory Announcement
Date : 15/03/2010 @ 07:40
Source : RNS Non regulatory
Stock : XG Tech Regs (XGT)
Quote : 0.310 0.03 (10.71%) @ 15:30

[ukinvestor220] 16/10/2009 11:54

doesnt look like the market likes the plan ....

Youve got to have special handsets too, seems like a solution for small areas that can be linked to the bigger mobile networks. Is there really a demand for it .... i dont know ?

[dodopoo] 29/9/2009 20:51

sounds interesting. Would this be classed as a "jam tomorrow"technology?It seems a great alternative to present mobile phones,cheaper,lower power usage,different part of the spectrum.But could it go the same way as ,say,betamax or the 8-track. better tech,but missed the boat in the take-up.Iam a relative novice,but would be interested in other opinions.It has great potential.

[camy] 03/8/2009 10:27

XGT is not traded on crest so is not recognised by selftrade. Have written to their investor contact asking that they be settled on crest. Reply is that they are considering it which is what they said 6months ago. If you have encountered the same problem and would also like to see them traded on crest then check out their website and send them an email.

[harmoye] 31/3/2009 10:36

Independent 29/03/2009 xG Technology AIMs to buck the market

One reason why mobile phone bills are so high is that operators need to own a spectrum licence to send data across high-frequency radio waves. And spectrum licences do not come cheap.

The US AIM-listed technology group xG Technology reckons it can halve the average bill by offering operators a different technology that allows data to be sent over low-frequency radio waves.

The problem for investors is that the market has treated xG just like the rest of AIM and the stock is off nearly 80 per cent.

The company is hoping that next week's full-year numbers, expected to show record revenues, will change all that.

[harmoye] 31/3/2009 09:21

Just purchased 3 thousand quids worth. Can't see it on trades yet.

[harmoye] 31/3/2009 09:06

Briliant results !!

[littleredrooster] 04/5/2008 15:56

Contract terminated.

[littleredrooster] 14/9/2007 14:38

The definition of an expert is someone who knows enough to be able to express an opinion.

[badgerry] 13/9/2007 08:14

Based on the share price performance it doesnt look like people have been very impresed by the presentation? The company's statement reads like alot of mumbo jumbo - we will see? Reminds me of the definition of an expert as somebody who you cant understand. Good luck to holders but a bit too risky for me.

[czar] 05/9/2007 10:30

Trials start today. IF it works its a tenbagger at least, IF.

[littleredrooster] 24/6/2007 16:47

The Questor column: Doubts over xG's technology mean shares are too risky to keep

By Josephine Moulds
Last Updated: 2:14am BST 24/06/2007

xG Technology



When something looks too good to be true it usually is. On this basis, Aim-listed stock xG Technology warrants a further look.

The company says it has built a ground-breaking technology that increases the range and power efficiency of wireless signals to such an extent that it could cut the cost of building a wireless network by as much as 98pc.

This so-called xMax technology generated a considerable amount of interest and the shares soared a staggering 288pc to a high of $17.50 within four months of listing.

However, people are beginning to raise serious doubts over whether the technology actually works.

There are inevitably a number of parties interested in discrediting such a disruptive technology, but some independent commentators - such as a professor at the University of Santa Cruz - have stated categorically that the technology would have to defy the laws of physics to live up to the company's claims, and that xG's tests have not proved anything remarkable. Engineers at two of the major mobile networks agreed.

xG says it is confident of its technology. But it has not yet produced any high-profile customers to lend it the credibility it needs.

The company has chosen a small internet service provider in Daytona Beach, Florida, called FarReach Technology to roll out its first network. xG says it is only talking to these small, regional players because any larger company would require it to "open the box" and demonstrate how the technology works.

Outside the US it seems to be following quite a different strategy. In March the company announced an agreement with Telefonica Mexico - which apparently did not need to see inside the box - and an unnamed UK company, later leaked to be National Grid Wireless.

The shares jumped 22pc on the news but it should be noted that Telefonica only agreed to test xG's technology, the companies are still in talks, no trials have taken place. Similarly National Grid Wireless has only signed a letter of intent to enter into negotiations with xG. The jury is still very much out.

Crunch time is looming in terms of proving the technology and the business model. xG has delivered its first base station to FarReach and there are 10,000 somewhat old-fashioned looking handsets ready and waiting to be sold.

xG is still deliberating its introductory offer. The base offer would be $39.95 for unlimited national calls each month, plus $20 for unlimited international calls and text messages. The first customers will only be able to use their phones within reach of the Daytona Beach base station and in WiFi zones, otherwise they will need to plug their phones into a computer.

This does not look all that compelling compared with only slightly higher prices at an established provider, such as Cingular, with global reach, proven technology and all the best mobile phones.

You can't win them all. Questor tipped the shares as a risky buy at $17.50. They have certainly been risky, tumbling to around $11. Now is the time to cut all losses and SELL.

[moriarty123456] 19/6/2007 09:56

STRONG SELL.

See the following links; the first few are by Phil Karn a senior engineer at Qualcomm. The last two are from university professors. All say that broadly although xMax may work it cannot be a dramatic improvement on current technologies. If so xG's $1.69Bn valuation is 100x too expensive.










See also


AND the coupe de grasse; The two head-honchos were involved in a company called iDigi. Now nobody has proved it was fraudulent, but it was shall we say 'Close to the bone'!

See:

[littleredrooster] 20/4/2007 14:13

Any news anywhere? The fall seems very sudden.

[littleredrooster] 13/4/2007 09:27

Take AIM: Funds look at US-based xG - lured to London by legal fears

Published: 08:29 Friday 13 April 2007
By Douglas Bence, Companies Correspondent

It may be early, but here's one for the Christmas quiz. Name an AIM-listed company with next to no income and a share price of over $17. You have three guesses, and if the first two mention biotechnology or oil, gas or mineral exploration, then you're wrong.

The answer is Florida-based xG Technology whose 120 million-plus shares were floated by Hichens Harrison and started trading at $4.50 each on 20 November, initially capitalising this communications technology business at $544 million (£275 million).

After successful field testing, later this month it installs its first base station for the Florida cable company Far Reach at Daytona Beach, Florida, as the first step towards a low frequency, low power telecommunication service that co-founder Rick Mooers believes can revolutionise the industry.

Well, 'he would say that' is the obvious response. But some institutions have already voted with their wallets and others are looking into the possibilities, including Framlington and the hedge funds Bluecrest, and Tiburon Partners, it is understood.

The annual report shows that 46.3% of the shares are in the hands of the MB Merchant Group, the holding company of MooersBranton Merchant Bank owned by xG's co-founders, chairman and chief executive Mooers, and chief financial officer Roger Branton.

Iceland-based Stormur Holdings AB has 18.2% and ACH Securities SA of Geneva 17.7%; both represent Nordic investment houses. Only 10% of the freefloat was unlocked, so there weren't many institutions who could get worthwhile stakes at the time of the listing.

What on earth is a US company with no income as yet that capitalises at $2 billion doing on AIM?

As well as showing the US regulatory authorities in a less than favourable light, the answer goes a long way towards silencing some of the recent criticism of AIM and is evidence for those who think that London will soon overtake New York as the financial capital of the world.

Mooers told Citywire that it was impossible for the company to be floated in the US under the current regulations at this relatively early stage of its development.

But a listing was possible using AIM which gave the company the capitalisation value it needed to deal with companies already established in the industry and to negotiate agreements with potential partners.

Although Europe is not yet as litigious as the US, the AIM listing also allows xG Technology to manage the real risk of the American legal system where any allegation, no matter how ludicrous, has to be hauled through the courts at a vast cost that can seriously cripple any new business.

This legal argument also applies to patents and their alleged infringement which seems to be a way of life in the drugs and electronics industries.

Earlier this week Tate & Lyle, for example, went to the US International Trade Commission alleging patent infringement by three Chinese manufacturing groups and 18 importers and distributors of its sucralose manufacturing technology.

'While others may try to steal our technology, there may also be those who think we've stolen their's,' Mooers told Citywire. 'Being on AIM allows us to deal with this risk. In the early stages of a company's development there are serious shortcomings in the US legal system. AIM offered us a wonderful opportunity'.

Lower frequency signals travel further than those of traditional mobile phones so in theory larger networks can be built with far fewer base stations. Although others are pending, xG's single patent enables large amounts of data to be transmitted at low frequencies.

Or in more formal language, the company 'owns and intends to commercially exploit the intellectual property rights to a radio frequency modulation and encoding technology' called xG Flash Signal.

The next step for xG is to cover up to 90 markets in the US with around 700 base stations which will be produced for $2,700 each. Both Mexico and the UK are high on the next list of priorities.

Although the first 10,000 handsets were designed in Sweden and will cost around $285 each, later phones will be made in China and the price will drop close to $150.

The Daily Telegraph said there was a whiff of the dotcom boom about xG. Certainly it could either disappear almost before it's started or be one of the growth stories of the year.