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MGT Capital Investments Inc. (MGTI)

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Last Post: 7/25/2017 9:16:47 AM - Followers: 270 - Board type: Free - Posts Today: 1




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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MGTI News: Current Report Filing (8-k) 07/07/2017 02:11:24 PM
MGTI News: Amended Statement of Beneficial Ownership (sc 13d/a) 07/06/2017 06:14:15 AM
MGTI News: CIAU PPS Next 900% Increase Potential Entering Underserved $100 Billion Digital Currency Market 06/30/2017 11:30:14 AM
MGTI News: Cryptocurrency Advancements and Blockchain Technology Go Mainstream Creating Innovative Fundamentals for Global Economic Syst... 06/28/2017 10:21:48 AM
MGTI News: Statement of Changes in Beneficial Ownership (4) 06/27/2017 05:13:37 PM
#23514  Sticky Note I think news will spread of the scam Info_Sec 03/09/17 10:27:07 PM
#25471   John McAfee has a long history of making Info_Sec 07/25/17 09:16:47 AM
#25470   MGTI now on instagram @mgtcapital GoodWill 07/24/17 11:47:04 PM
#25468   I think he is saying it could literally penknee 07/24/17 05:28:26 PM
#25467   Was that not a plausible reason? He's deallooker 07/24/17 05:13:06 PM
#25466   That could be a lot of people :) penknee 07/24/17 05:07:30 PM
#25465   Disgruntled MGT investor who bought in at the smyork 07/24/17 04:27:12 PM
#25464   How do you know Sentinel is coming out Mike1019 07/24/17 02:27:11 PM
#25463   sentinel is coming out July 27th to ruin RickJames23 07/24/17 02:06:54 PM
#25462   Charts building to a large move upward. Fundamental biotechnician 07/24/17 01:42:21 PM
#25461   Technicals of chart setting up perfect! 50 day guyinairforce 07/24/17 12:24:19 PM
#25460   Drug deal gone bad most likely.... deallooker 07/24/17 11:09:33 AM
#25459   Did he ?Sentinel supposed to come out this twinfin 07/24/17 11:02:54 AM
#25458   wow Atlanta1 07/24/17 10:48:25 AM
#25457   Someone tried to kill McAfee. He survived but Mike1019 07/24/17 10:31:35 AM
#25456   Grrrr. I sold at 1.14. Thinking dreadlockcowboy 07/24/17 09:18:52 AM
#25455   This is going to be a good week. $2+ guyinairforce 07/24/17 08:44:06 AM
#25454   I think you are right. Just hold tight chrispy2468 07/23/17 01:42:31 AM
#25453   Oh my. The future is looking bright for Crypto. Johnny Rockets 07/22/17 10:28:55 PM
#25452   please short this week RickJames23 07/22/17 01:24:09 PM
#25451   Of interest in the entire crypto world, I think: Imperial Whazoo 07/21/17 07:38:40 PM
#25449   Why yes , MGT did close up over MadHatter326 07/21/17 06:58:47 PM
#25448   MGTI! Another big winner playing the bounce! MadHatter326 07/21/17 06:56:50 PM
#25447   I want them to run it to $1.50 MountainOfMoney 07/21/17 05:31:12 PM
#25446   not gonna happen RickJames23 07/21/17 03:13:01 PM
#25445   Wait till Monday when the slaughter starts todd72113 07/21/17 02:34:59 PM
#25444   $1.32 and climbing. $5+ eoy RT1327 07/21/17 09:39:50 AM
#25442   Yep...Bitcoin exploded on Thursday and predicted to go Jas 07/21/17 02:01:34 AM
#25441   Bitcoin up 20% today Johnny Rockets 07/20/17 07:06:14 PM
#25440   Last trade...1.245 Jas 07/20/17 04:45:10 PM
#25439   1.22!!! guyinairforce 07/20/17 12:33:03 PM
#25438   Hahaha a rally to dump todd72113 07/20/17 12:31:34 PM
#25437   Break 1.20! OlivePennys 07/20/17 11:38:36 AM
#25436   A rally is coming!! guyinairforce 07/20/17 11:30:17 AM
#25435   He said he was serious deallooker 07/20/17 09:28:14 AM
#25434   he said he was joking RickJames23 07/19/17 07:41:43 PM
#25433   Mcafee gonna eat his manhood if bitcoin doesn't OlivePennys 07/19/17 09:00:53 AM
#25432   Nope and nope deallooker 07/19/17 08:58:40 AM
#25431   No one ever said sub penny so Bwaahahahahaha Scotttrader80 07/18/17 11:09:20 PM
#25430   YUP and YUP hobowilly 07/18/17 06:30:22 PM
#25429   I've been away for a couple months. Did deadboy 07/18/17 05:25:09 PM
#25428   Great article, gotta love JM, he looks and hobowilly 07/18/17 04:03:24 PM
#25427   Several crypto leaders are calling for bitcoin to GOLDBUFFALO 07/18/17 03:48:59 PM
#25426   What an idiot!! deallooker 07/18/17 03:17:06 PM
#25425   Here's a read ~ today"s update ~ pivotpoint1 07/18/17 02:36:39 PM
#25424   news ~ John McAfee plans to destroy Google. pivotpoint1 07/18/17 02:34:52 PM
#25422   Update MGTI is at 1.13 see you at guyinairforce 07/18/17 10:45:08 AM
#25421   MGTI printed $1.03 this morning so sub dollar Scotttrader80 07/18/17 09:56:02 AM
#25419   Sub dollar isn't happening sir. I got in guyinairforce 07/18/17 09:27:07 AM
#25418   0 Shares as of now. I am waiting Al3xJ0nes 07/18/17 09:07:50 AM
#25417   I agree. How many shares do you have? guyinairforce 07/18/17 08:08:58 AM