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MGT Capital Investments Inc. (MGTI)

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Last Post: 5/26/2017 1:47:25 PM - Followers: 267 - Board type: Free - Posts Today: 25




TeraExchange recently launched the first and only U.S. regulated trading platform for bitcoin swap contracts. By offering a bitcoin derivative product with regulatory structure and controls, TeraExchange created an exciting opportunity for institutional investors to confidently participate in bitcoin the marketplace



HARRISON, N.Y., Feb. 27, 2015 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that it has entered into a Letter of Intent ("LOI") with Tera Group, Inc., ("Tera") owner of TeraExchange, LLC, a Swap Execution Facility regulated by the Commodity Futures Trading Commission ("CFTC").  Pursuant to the LOI, both companies will work diligently to finalize and execute a definitive agreement by March 16, 2015.

MGT will then file a combination S-4 Prospectus and Proxy Statement with the Securities and Exchange Commission.  Under the contemplated terms of the agreement, and subject to stockholder approval, MGT will issue shares of its common stock to the current owners of Tera, representing 70% of the pro forma equity of the combined companies at closing.

Tera has played a leading role in the development of bitcoin derivatives. In September 2014, Tera launched on TeraExchange the first regulated Bitcoin derivative products, and a spot Bitcoin price index.  Trading of USD/Bitcoin derivatives is subject to the rules and regulations of TeraExchange and the CFTC.  The Tera Bitcoin Price Index ("TeraBit") employs a dynamic algorithm that compiles and filters data on a real-time basis from a number of widely utilized global Bitcoin spot exchanges.  The TeraBit Index will be used as the settlement rate for USD/Bitcoin derivatives transactions.  

"Growing consumer and merchant adoption of bitcoin is driving demand for regulated capital markets solutions. By combining with MGT, Tera will create a unique public offering to support the essential infrastructure needed for a vibrant global bitcoin ecosystem," said Christian D. Martin, Chairman, Chief Executive Officer and Co-Founder of Tera.

"The proposed merger with Tera gives immediate and future value to our stockholders, while creating a robust platform for the growth of the industry's first publicly listed bitcoin derivatives exchange," said H. Robert Holmes, Chairman of MGT's board of directors, "The Bitcoin industry attracted over $400 million of investment capital from some of the world's most prominent investors over the past 12 months; we see our move today as further progress in the broader adoption of the industry."

Tera is led by a talented management team with a combined 47 years of experience in capital markets and derivative products, 43 years in legal and regulatory, and 46 years in technology development and engineering.

Mr. Martin spent more than 20 years in senior trading and management positions at Merrill Lynch and Bank of America, where he was responsible for global trading desks of interest rates, credit, and financing - securities lending transactions.

President, COO and Co-Founder Leonard T. Nuara was formerly a shareholder in the international law firm of Greenberg Traurig LLP.  Prior to that, he was Chair of the Technology and Intellectual Property Group at Thacher Proffitt & Wood LLP.  He is a nationally recognized leader in the technology and intellectual property fields.

Chief Commercial Officer John Maguire spent 18 years at Goldman Sachs, where he held various roles, including interest rate and cross asset derivative sales, marketing, and business development. Mr. Maguire is also the former Global Head of Trading at Bridgewater Associates, the largest hedge fund in the world.

Source Capital Group, Inc. acted as sole financial advisor to Tera Group.

About MGT Capital Investments, Inc.
MGT Capital and its subsidiaries operate social and real money gaming sites online and in the mobile space, including ownership of the 3rd largest daily fantasy sports wagering platform,  The Company also offers games of skill through and social casino games with SlotChamp™, and also operates an online portal for fantasy sports news and commentary,  MGT also launched Daily Fantasy Legend in partnership with Facebook to become the First Daily Fantasy Platform on Social Media.  In addition, the Company owns intellectual property relating to slot machines and has asserted its claims via patent infringement lawsuits.

About Tera Group, Inc.
Tera Group owns TeraExchange LLC, a Swap Execution Facility (SEF) regulated by the Commodity Futures Trading Commission and provides market participants with access to Bitcoin derivatives, interest rate swaps, credit default swaps and non-deliverable forwards.  TeraExchange is a global pioneer in the derivatives marketplace and provides a multi-asset class platform for trading of an array of financial instruments.
















"On Tuesday, McAfee told CNNMoney he's lost everything. Only a tiny fraction of his one-time $100 million net worth survived the 2008 market crash. But his fortunes really took a hit in 2012, when McAfee fled Belize police who aggressively sought him for questioning on the death of his neighbor.

The government raided his jungle compound and seized everything inside. The buildings on McAfee's property later burned down under suspicious circumstances.

"Everything I owned was in Belize. I left with nothing in my pocket," he said.

McAfee said most of his remaining riches were in the vast art collection he left behind. He claims that the Belize government auctioned off many of his belongings, but his art pieces never showed up.

McAfee is now living in an apartment in Montreal, Canada, with his wife Janice. He's getting by on consulting work -- shelling out advice to firms on acquisitions, technology and internal restructuring."

Actual unretouched selfie of John McAfee - seriously!

"Known for his outspokenness and getting himself into a spot of trouble, John McAfee is certainly a colourful character in the tech industry. Since he became a suspect in the death of his neighbour in Belize back in 2012, McAfee has been arrested for driving under the influence with a handgun, revealed he is running for President, and released a bizarre video featuring scantily clad women, ‘bath salts’ and a guide on how to uninstall McAfee Antivirus." -

Trailer for Showtime documentary "Gringo: The Dangerous Life of John McAfee" -

MGT changed to MGTI, and delisted from the NYSE Amex to the OTC.:

Who is the face of Future Tense? Janice Dyson, John McAfee's hooker and career criminal.
"McAfee's girlfriend, Janice Dyson, is a former stripper and prostitute. They first met in Miami.

JANICE DYSON:    He was visiting and from Belize. I met him on South Beach. He was at the cafe, having a cup of coffee and I'd walk by with my girlfriend and when he saw my butt he said that he had to know who I was and so he told me I have the finest ass in Miami,  which..."

18 April 2017 - MGTI becomes DELINQUENT FILER and earns OTC Markets STOP SIGN.


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Current Price
Bid Ask Day's Range
MGTI News: Current Report Filing (8-k) 05/24/2017 05:27:30 PM
MGTI News: Quarterly Report (10-q) 05/18/2017 09:32:35 AM
MGTI News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/11/2017 04:07:03 PM
MGTI News: Current Report Filing (8-k) 05/09/2017 06:09:06 AM
MGTI News: Securities Registration: Employee Benefit Plan (s-8) 05/04/2017 04:18:14 PM
#23514  Sticky Note I think news will spread of the scam Info_Sec 03/09/17 10:27:07 PM
#24909   Like shooting fish in a barrel. Wonder how todd72113 05/26/17 01:47:25 PM
#24908   MGTI's operating expenses have increased more than 400% Inorout 05/26/17 12:37:28 PM
#24907   most of those are non-cash items Atlanta1 05/26/17 12:06:33 PM
#24906   Net Losses up more than 400% since last Inorout 05/26/17 12:02:07 PM
#24905   crazy action here. Atlanta1 05/26/17 10:54:47 AM
#24904   Relax.... it's a 3-day wknd. Don't give the Watkins 05/26/17 10:37:46 AM
#24903   Here we go! Rocketship refueled and taking off! deadboy 05/26/17 10:35:54 AM
#24902   back in at .85 Atlanta1 05/26/17 10:33:18 AM
#24901   $5.00+++, up-list and dividend in 2018. deadboy 05/26/17 10:28:31 AM
#24899   Support if it bounces of .90 OlivePennys 05/26/17 10:03:44 AM
#24898   Impressive volume Miley06 05/26/17 09:59:05 AM
#24897   Resistance Miley06 05/26/17 09:57:07 AM
#24896   Digital Gold!!!!! crudeoil24 05/26/17 09:06:31 AM
#24895   Yup this will be a good ride, Mcafee UP Trend 05/26/17 08:59:35 AM
#24894   I am for sure!! Wait until 5 mins guyinairforce 05/26/17 08:53:29 AM
#24893   $1.04 X $1.05. You ready ?!? ;-) Lone Wolf 05/26/17 08:50:27 AM
#24892   $1.20 should not be a problem today. Lone Wolf 05/26/17 08:48:40 AM
#24891   I agree big whales come in over a guyinairforce 05/26/17 07:49:13 AM
#24890   As it stands, MGTI is looking like a Lone Wolf 05/26/17 07:41:19 AM
#24889   Only publicly traded Bitcoin miner, $8+ imo. biotechnician 05/26/17 07:20:24 AM
#24888   Where do you think we close today and guyinairforce 05/26/17 07:20:16 AM
#24887   Wouldn't be surprised. That sucker JM knows Lone Wolf 05/26/17 07:18:30 AM
#24886   I think we see 1.20+ right at open guyinairforce 05/26/17 07:03:24 AM
#24885   Coins are up this morning. This will Lone Wolf 05/26/17 06:23:58 AM
#24883   JM is not in it to just cash guyinairforce 05/25/17 10:42:33 PM
#24882   I figure L2 and MGT are Colluding / Conspiring Info_Sec 05/25/17 09:26:02 PM
#24881   Looks like a fresh set of marks have todd72113 05/25/17 09:19:12 PM
#24879   Yep BK soon after this pump and dump. MGTI moneyjunkey 05/25/17 07:47:11 PM
#24878   Volume is say 9X normal, that's great. x1power 05/25/17 06:52:33 PM
#24877   As nations and governments seek to grab more PWIZZLE35 05/25/17 06:38:51 PM
#24876   This Agreement between Bitmain in China, the supplier PWIZZLE35 05/25/17 06:36:37 PM
#24875   This bitcoin craze alone will make this one UP Trend 05/25/17 06:19:44 PM
#24873   This stock will prolly run much harder, just Jas 05/25/17 05:21:15 PM
#24872   In at $2.62, with zero funds to average Flygy481 05/25/17 05:17:18 PM
#24871   I bought 20k shares at 1.00 even today. deadboy 05/25/17 05:13:53 PM
#24870   I'm sure lots of folks that were in Lone Wolf 05/25/17 05:11:48 PM
#24869   Hahhaahaha all on the newly recruited marks dime todd72113 05/25/17 04:42:43 PM
#24868   You're right and unfortunately there are plenty of deallooker 05/25/17 04:22:38 PM
#24867   We're going to see that again and then guyinairforce 05/25/17 04:17:50 PM
#24866   Look back a year and tell me what Lone Wolf 05/25/17 04:09:01 PM
#24865   MGTI we will hit $1.50 by tomorrow and PWIZZLE35 05/25/17 04:07:50 PM
#24863   don't bet on it. there are quite of RickJames23 05/25/17 04:00:08 PM
#24862   The insiders manipulating this stock will have to deallooker 05/25/17 03:36:06 PM
#24861   This is looking set to bounce here as Lone Wolf 05/25/17 02:38:55 PM
#24860   Yep rock on!! guyinairforce 05/25/17 02:35:09 PM
#24859   easy.. should be over 1.50 today jmho ..I pivotpoint1 05/25/17 02:34:02 PM
#24858   Yep here we go folks!! Next stop 1.20 guyinairforce 05/25/17 02:25:52 PM
#24857   Yep we should be above 2 bucks! guyinairforce 05/25/17 02:25:32 PM
#24856   P.P.S should be much higher than this..jmho.. i pivotpoint1 05/25/17 01:41:42 PM
#24855   Get ready next leg up coming..shorts are scattering$$$ pivotpoint1 05/25/17 01:37:55 PM