MGT Capital Investments Inc. (MGTI)

[vonmises]

Well I thought this was an April Fools joke, but it appears to be real.

Well the fools are the owners of DraftDay who gave away their company for nothing...WT???

Even if MGT stock goes to $10 this is a giveaway.

FTD has a poor reputation in the daily fantasy sports sphere if you read on the forums and such - BuzzDraft and DailyJoust were worse so overall not good when you put the three together.

Many of the more influential posters and players indicate they won't touch DD for now or ever.

That said, smart move by MGT as it gets them a real platform (FTD is very poor) and quadruples their client base (if they stay).

Cannot see FTD being kept open, smart managers would simply focus on DD. That said everything MGT touches appears to fall just a bit short.