MGTI was a LADD/HONIG/FIFE scam
MIAMI, FL and RALEIGH, NC, September 14, 2022 – MGT Capital Investments, Inc. (OTCQB: MGTI) today announced the execution of a non-binding letter of intent to merge with Bit5ive LLC in a stock swap MGT believes will benefit stockholders of both companies. Subject to the execution of a definitive agreement and certain closing conditions – including the completion of Bit5ive’s financial audit and approval by Bit5ive’s members – the transaction will create a strong competitor in the design and operation of infrastructure used in the Bitcoin mining industry.
Bit5ive, founded in 2015 by Robert Collazo, is a leading innovator within the cryptocurrency community, having developed the highly regarded Pod5ive mobile mining system that offers rapid deployment of mining operations. Bit5ive is an official distributor in South & Central America of Bitmain PTY, the world’s leading cryptocurrency mining hardware producer. With its engineering expertise and industry connections, Bit5ive has played a significant role in facility design, land acquisition, property development, buildout, and management oversight of high-output Bitcoin mining facilities across the United States.
Under the proposed agreement, MGT would issue to Bit5ive’s existing members a number of shares that represent 70% to 80% of MGTI common stock outstanding on a pro-forma basis after giving effect to the merger. Robert Collazo would be appointed Chief Executive Officer of the new company. Mr. Collazo stated, “We are excited to be entering the public market and bringing our company’s vision to the world. Bit5ive has been growing rapidly, and we’re delighted about this next chapter which will help us continue to innovate and provide new opportunities for our investors, partners, and employees.”
MGT today also announced a private sale of $1.5 million principal value of senior secured convertible notes and warrants, providing the Company with $1,335,000 in net proceeds. Investors are urged to review the Company’s report on Form 8-K filed today with the U. S. Securities and Exchange Commission (www.sec.gov) for more extensive details regarding the issuance of the convertible notes.
Except for the note transaction, which has closed, there can be no assurance that the actions contemplated above, including a definitive merger agreement with Bit5ive, will be executed on these terms, or at all.
Etrade wouldn’t let me buy shares.
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.
Bath Salts Johnny is G-O-N-E, baybee, G-O-N-E.
"John McAfee disappeared from the public markets after MGT Capital Inc. severed ties with the controversial antivirus software developer, but now he’s back and advising a cryptocurrency startup that’s conducting an initial coin offering."
No D-vasive. No Demonsaw. No McAfee secure phone. No Sentinel sales. No nuffin.
MGTI is a obvious scam and is packed with known career scammers like ROBert Ladd, Barry Honig, and now crook JOHN M. FIFE is aboard this scam.