I have this: xG offered 3,556,660 Units at a price of $1.00 per Unit. Each Unit consists of one share of the Company's Series B Convertible Preferred Stock and 0.5 of a Warrant to purchase one share of its common stock at an exercise price of $0.21 per Warrant. xG received approximately $3,556,660 in gross proceeds from the offering.
Doesn't look much toxic to me.
CEO and Director buying shares.
(1)
(0)
IMHO
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.