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Scam alert. Toxic debt. Dilution. Horrible CEO.
You are absolutely right ,current price holds they are up 2 million and for every 1.00 increase approx. 1 million more plus 10% on 2.4 million. Lets hope they become the lead lender in this field.
IF IF IF
Ask me I think this is a more logical and cheaper vehicle to invest indirectly into mgti.
Most people don't understand bitcoin. I believe these big mining companies can be worth billions in the future.
Good news for MGTI good news for UAHC ... nice
Yeap. Reason I posted it here.
$UAHC IS THAT OTHER INSTITUTIONAL INVESTOR!!!!!!!!!!!!!!1
MGT Capital Announces Additional Purchase of 500 Bitcoin Mining Rigs
PR Newswire
Sep. 1, 2017, 03:30 PM
DURHAM, N.C., Sept. 1, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) announced today that it has increased its purchase order with Bitmain Technologies for an additional 500 S9 Antminer Mining rigs, with shipment expected in mid fourth quarter 2017.
Following shipment and setup, and in conjunction with the Company's current rigs in operation, MGT's Bitcoin mining operations are expected to generate approximate $1.4 million in monthly revenue, assuming current pricing and difficulty rates. Factoring in electricity, hosting and other direct operating costs, EBITDA from the Company's Bitcoin mining operations is projected at $1.0 million per month, prior to amortization of notes payable.
Funds for the larger order were provided in part through the exercise of an option today by an existing institutional investor to purchase a $500,000 MGT Convertible Note. Stephen Schaeffer, President of MGT Crypto-Capital Strategies, stated, "We appreciate the confidence of a well-informed investor to provide us with capital to more quickly roll out our expansion. Furthermore, we look forward to updating the investment community and shareholders with further progress."
Got a bunch this morning. Hoping the same this afternoon.
I'll buy between .40-.45
shares need to be retired from Fife to make this market cap manageable ... 6m float 145m held close wtf
Getting close to filling now
Agree been shopping all day. Still need another 100k to fill on the bid.
I cant stop laughing...
$83mil. Market Cap for this? , lol
overvaluation is an understatement here
heading back down to 0.10 - 0.15 by slow bleed
watch
starting to shape up a bit....let's see some nice green going into next week:)
that will be solid
Trying to accumulate a position of 250k shares.
No brainer. 60% discount from the short. Easy peezy! Buy the short sell the cover. Good luck finding the shares short side. Folks eating your borrowed shares.
Good luck bro. Getting close
Been waiting for the retrace. Overdone but allowed me to get in cheaper than I anticipated. Just took a starter of 150k shares. Bids filled .43s
this is a low float.. squeeze should be epic.. many will get burned if those holding shares hodl tight here ... but if someone gets weak and lets go shares and let em cover then they win
Short attack. The squeeze is coming
Finally my bid are filling. Thanks gents ;)
#bitcoin $4900 if this doesn't go up today then I give up
Loaded the dip today
What goes up must come down RSI tell tale sign COME ON MAN
Buy the short sell the cover ;)
Agreed Darkpool. Agreed. Manipulators Triggered many stop losses which caused the rapid decline but now it's on its way back up!! North Korea or trump are bound to do something stupid over the three day weekend and cause a bitcoin boom! The South Koreans are buying up Bitcoin and Ether at record paces! Good entry point for many that were waiting for a drop because it will be green by the end of the day
No. Nothing ever goes straight up. 50% retrace is healthy. This is were a lot are getting on board this train here today.
do believe the drop is due to mgti getting flushed
on a street sweeper article...
doubled up #letsgo
Great entry for some. Was waiting for the pullback.
Stock manipulators selling to one another to cause a major dip and so they can buy more at a bargain! 3 days for North Korea to make more threats, Bitcoin to Rise to 5000, or trump to make more threats back at N Korea which will cause Bitcoin to go nuts over the three day weekend! If you sell you will just be chasing again first thing Tuesday morning!!!
Gonna take a starter on the 50%retrace. Jim Rogers taught me that
I'm buying more! Insiders just taking some profits from the big run! Bitcoin will be 5K by weekends over! And what they do? Mine BTC!
Wow! Not a clue...I guess we're being reminded that we're on our last day of dog days August? Should have a hard bounce here soon, I'd think anyway. Sheeshh!
Where the heck is all this selling coming from? Nothing has changed with this company
whoa what the heck is going on both mgti and this tanking hard AF
I'm curious as to how many short shares are floating around now...hopefully we get a monster update~
yea its going to get slammed from the looks of it... I will be hodling due to the float this is one that will move up and down very fast
BTC rising again and they're shorting this. maybe that intra-day gap fills after all ... have a few bids there just in case ...
wow NITE flashing 131k ask at .80 could be a short sitting there, since you can short slamming the bid ///
it's definitely been a hot market
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