TeraForce Technology Corp. (TERA)

[Zorax]

Someone found a buyer?
otcm threw it on their expert tier recently, so now insiders can roll.

https://www.otcmarkets.com/stock/TERA/overview

[Zorax]

Somehow someone somewhere someway sold or bought shares. ???
Wish I can sell mine.

[Zorax]

Damn you...I wet my pants a bit there too...

[Fugu]

Disregard, posted on wrong board as this has nothing to do with this tera pos dog.... This was meant for mgt board..

[Fugu]

News

MGT Capital Investments Will Issue Common Shares to Current Owners Of Tera, Representing 70% Of The Pro Forma Equity of Combined Companies At Closing

Feb 27, 2015 08:00:00 (ET)

MGT Capital Investments to Merge with Tera Group

Transaction to Create the First Publicly Traded U.S. Bitcoin Derivatives Exchange

PR Newswire

HARRISON, N.Y., Feb. 27, 2015

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,www.DraftDay.com. The Company also offers games of skill through www.MGTplay.com and social casino games with SlotChamp(TM), and also operates an online portal for fantasy sports news and commentary, www.FantasySportsLive.com. 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.

Tera and TeraExchange are registered servicemarks and TeraBit is a servicemark of Tera.

Forward-looking Statements

This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-capital-investments-to-merge-with-tera-group-300042710.html

SOURCE MGT Capital Investments, Inc.

/Web site: http://www.mgtci.com


(END) Dow Jones Newswires

February 27, 2015 08:00 ET (13:00 GMT)


(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)

February 27, 2015 08:06 ET (13:06 GMT)

[eddy2]

No interest but your right in that besides depreciation " tax return on tax invested capital from shareholders too pay wages your right they are by all means a easy source of income for some of the backs of capital spent from shareholders that is after tax money.

The way they get the money wheel spinning is by buying a company on credit by issuing shares borrowing back those shares as debt " leveraging " and reselling them into the market driving the stock down and at the same time repurchasing the shares creating a market that you once had.


Now there is plenty of capital spending on depreciated assets but unless you can keep capital coming things in time dry up and that is what you have here.


Hey I'm sure you did alright and if you pump up the volume you can get rid of your last remaining shares but then you never know that maybe the sods where not that lazy and did something to earn there keep or reinvested it with someone that did have ambition but hey there is a risk there as well.



Then there is Kodak that I believe put the money into Rochester to clean up the mess they left behind costing the company in the end but taking liability of the book on property that was a liability being in the shape it was left in along with falling property prices they fell into a whole like so many before them.

[Zorax]

It is now regarded as a one sided trade were they can buy but won't sell you nothing.

They as in tera, or brokers? This has never had a functioning company but in all reasoning only a no income shell. These companies themselves try and say they are not shells, but they are.
This some time ago was a decent flipping stock but went into a coma for some reason.

[eddy2]

It is now regarded as a one sided trade were they can buy but won't sell you nothing. This is for tax purpose only they do this and is supported by liability insurance " performance bond " set in place at par times the number of shares outstanding liability held in place. Buy at par and sell above par for a zero risk investment.


Liability put in place to cover transaction cost of your broker so that you can take the tax gain against your winnings.

[eddy2]

This is looking interesting as a hold.

[Zorax]

Gulf and western company? I worked for a gulf&western company back in the 70's and eighties. It was owned by Paramount studios. How did tera get the G&W name?
Oh well, is it going to trade in some way?

[Clippy]

http://www.reuters.com/finance/stocks/overview?symbol=TERA.PK

[Clippy]

http://www.elizabethfordham.com/pdfs/Gulf%20&%20Western%20brochure.pdf

[MrDinglesworth]

Professional like this one?

[Zorax]

Whats to reinstate. Pink has them as grey still and tera is shown as deregistered in 2006. So I don't know what the heck we are trading.

http://www.otcmarkets.com/stock/TERA/company-info

[Clippy]

http://www.dtcc.com/downloads/legal/imp_notices/2012/nscc/otc/OTC-102.pdf

[Renee]

TERA SEC Suspension:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75547630

[Zorax]

TERA SUSPENDED.


http://sec.gov/litigation/suspensions/2012/34-66980.pdf

[Estrella]

TERA @ .0011!

[Sunnybank]

Time will tell... a real stinker at the moment, lol.

[StocksRockStar]

Is this the best penny stock to invest in???? He he he.....

[Sunnybank]

Gee, what a difference a day makes.

[buywhenhurt]

More buying volume than selling volume today.

[StocksRockStar]

nice volume today!!!!!!

[buywhenhurt]

Bids are slowing improving

[buywhenhurt]

Up 100% today, let's go for 200% tomorrow.

[buywhenhurt]

Nice close after all, no one sold at 0007!

Now we need some buying volume to come back. We've had a lack of buyers to take it down. TERA went down on very low selling volume, not huge dumping volume.

Any news and we will fly to 0035 and then 0055 pretty quick.

[buywhenhurt]

5 minutes to go, will we get a sale at 0007?

[ABC-123]

Wanna bet that someone will try to place a trade at the bid right near the close to make it appear we are going down? Wanna bet it will be for somewhere between 100 and 500 tiny shares?

I'm just saying, I think someone wants cheap shares so they will do all they can to make it appear as TERA is going down, or at least flat.

[ABC-123]

TERA is way oversold on the technicals. Just need a catalyst to make TERA move up quickly. How about a little news?

[ABC-123]

Still trying to take the price down to load up shares. A poor 300 share traded this morning, come-on-man!

Be risky if you have some extra funds and those a small order down there for 0002 / 0003 0004 to see if you can get some cheap shares if they try to take it down. Not everyone is up to that, I understand. It depends upon your level of risk and extra cash that is ok to lose.

[ABC-123]

Is that 200 share trade for TERA a signal???

I really don't know if this is true or not...
Penny traders believe that Market Makers (MM) will "signal" moves in advance buy using small amounts of buys or sells as "signals". The "signals" are such a small amount of shares (worth no more than 5 or 10 dollars) that no trader would have paid a commission that costs more than the amount of shares bought. The "signals" are from one MM to another.
100 I need shares.
200 I need shares badly, but do not take the stock down.
• 300 Take the price down so I can load shares
• 400 Keep trading it sideways.
• 500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal

[ABC-123]

We need some news this week!

[buywhenhurt]

I with you alltrading. The all time record volume spike a couple weeks ago had some very strong buying from someone "in the know."

I'm just waiting for another round of buying to take TERA to new highs.

[alltrading]

I'm still long and strong

[buywhenhurt]

I don't think anyone is really selling 500 share lots. (That is any "real person.") My guess is that it is someone making the sales at the bid to make it appear there is selling going on. That way they can take it down for cheap shares.

[Suresh1]

I do not understand why people are selling 500 shares when bid is at 5000

[buywhenhurt]

TERA continuing to hold up well here. No sellers, just waiting for the next buying spree and TERA will jump.

[buywhenhurt]

This week will be 2 weeks from the last volume spike and 4 weeks from the first one. Let's see if the pattern continues. If it starts and you want in, better jump fast as this will skyrocket quickly. It is so thin on top, it will go to 0055 very fast.

[buywhenhurt]

Pick'em up earlier rather than later this week. If the previous pattern continues, we could be in for a nice run later this week.

[alltrading]

Trying to pick up shares

[alltrading]

Not Alot of selling on TERA last week, we get few more buyers this will go high

[alltrading]

Lol someone sold that low of qty peeps are trying but this is very bullish stock

[alltrading]

Oh ya I think next we hit .007

[buywhenhurt]

Holding Strong. TERA has basically NO over head resistance once we get some more buying volume. It will run again soon.

[alltrading]

Did if you can hold I would hold long here

[buywhenhurt]

Looks like someone is trying to entice folks to sell buy making those small sales at the bid to bring down the price.

[buywhenhurt]

Wow, look at those huge sales going through! a wopping 500 shares at 0009! Is that a $0.45 total sale?

[buywhenhurt]

It's impossible to load up with cheap shares when there are no sellers out there. Eventually, everyone will need to move up their bids in order to get shares.

[buywhenhurt]

5000 shares at 0011 this am is only a total of $5.50. Is someone trying to make it look like selling right out of the gate today?

[ABC-123]

Getting close to the interval for the next pop. March 1 we had a small pop, then mid-last week we had huge volume and a great pop. It's getting close to the same amount of time between the first and second pop, maybe early next week.

Small spike on March 5th, followed by the next spike 2 weeks later on March 21. It's been a little over a week since March 21. We need to watch the volume closely. Besides the 10 million share spike on Marach 21, we had 2 million shares bought on March 27th. WExceeding the previous high days volume is bullish, as long as it is buying volume. If we get more buying volume of more than 2 million, that's a great sign of things to come.