Come on, this is the McCafee stock we were all talking about for the longest time! Im out though, did not stick around for this move.
https://www.buzzfeed.com/josephbernstein/kim-dotcom-john-mcafee-fighting-over-mgt The Two Biggest Scoundrels In Tech Are Fighting Over A Mysterious Company John McAfee, Kim Dotcom, and a possible pump-and-dump scheme. What could go wrong? What do John McAfee and Kim Dotcom have in common? They’re both notorious for being two of the biggest scoundrels in tech, and foreign nations (including the US, New Zealand, and Belize) have hunted both of them for crimes they deny. And now they’re feuding online over MGT Capital, a mysterious tech firm of which McAfee is the CEO. Today, Dotcom accused the firm of offering him half a million dollars as part of a pump-and-dump stock scheme. Some background: MGT broke into the news in May, when its share price shot up from 39 cents to more than $4 after McAfee — known best for founding the eponymous security company and fleeing police in Belize in 2012 after he was sought for questioning related to a murder — was named CEO. https://twitter.com/KimDotcom/status/765928869064945664
Do you think news like that would tank the stock? If anything it seems to attract more attention and more momentum!
MGT Capital Completes Comprehensive Financial Restructuring PR NewswireDecember 15, 2017 Company Eliminates All Debt and Raises $8.0 Million at $4.00 per Share'>Company Eliminates All Debt and Raises $8.0 Million at $4.00 per Share DURHAM, N.C., Dec. 15, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (MGTI) announced today that it has executed a series of transactions that put the Company in a debt-free and cash-rich position as it exits 2017. Specifically, investors holding a total of $4.6 million in convertible notes have exchanged their debt for equity. In addition, the Company sold two million newly issued restricted shares for a total of $8.0 million, or $4.00 per share. The purchasers also received warrants to acquire an equal number of MGT shares at a price of $4.50 per share.'>DURHAM, N.C., Dec. 15, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (MGTI) announced today that it has executed a series of transactions that put the Company in a debt-free and cash-rich position as it exits 2017. Specifically, investors holding a total of $4.6 million in convertible notes have exchanged their debt for equity. In addition, the Company sold two million newly issued restricted shares for a total of $8.0 million, or $4.00 per share. The purchasers also received warrants to acquire an equal number of MGT shares at a price of $4.50 per share. Robert Ladd, MGT's Chief Executive Officer provided the following commentary on these events. "The returns in our bitcoin mining operations have never been better, and the board has decided to enter into agreements that position the Company for even greater expansion with less risk. This strengthened balance sheet, combined with the projected financial results of over 5,000 Bitmain S-9 mining rigs in operation during the first quarter of 2018, will provide MGT with tremendous flexibility going forward. These measures also move us more swiftly towards the goal of up-listing our common stock," concluded Mr. Ladd.">Robert Ladd, MGT's Chief Executive Officer provided the following commentary on these events. "The returns in our bitcoin mining operations have never been better, and the board has decided to enter into agreements that position the Company for even greater expansion with less risk. This strengthened balance sheet, combined with the projected financial results of over 5,000 Bitmain S-9 mining rigs in operation during the first quarter of 2018, will provide MGT with tremendous flexibility going forward. These measures also move us more swiftly towards the goal of up-listing our common stock," concluded Mr. Ladd. About MGT Capital Investments, Inc.">About MGT Capital Investments, Inc. With facilities in WA state, MGT Capital Investments, Inc. (MGTI) ranks as one of the largest U.S. based Bitcoin miners. Further, the Company continues to focus on an expansion model to grow its crypto assets materially. John McAfee as its visionary leader, creating advanced protection technologies for mobile and personal tech devices, as well as corporate networks. The Company's first product, Sentinel, an enterprise class network intrusion detector was released in October 2017. The Company also has entered into a joint venture with Nordic IT to develop and market a mobile phone with extensive privacy and anti-hacking features. The Privacy Phone has a tentative release date of February 2018.">The Company is also developing a portfolio of cyber security technologies, with industry pioneer John McAfee as its visionary leader, creating advanced protection technologies for mobile and personal tech devices, as well as corporate networks. The Company's first product, Sentinel, an enterprise class network intrusion detector was released in October 2017. The Company also has entered into a joint venture with Nordic IT to develop and market a mobile phone with extensive privacy and anti-hacking features. The Privacy Phone has a tentative release date of February 2018.
