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Bam making money on the short. Good luck to all the paid pumpers on the next scam.
The only trade on mgt was a short position ever since $8. Good thing about all the dilution mgt has done is lower the margin cost of the short so I am very happy they are helping out the shorts. No need to get back in until they move on to some other business model.....ie skam
Looks like they were given to him. It cost him $0
You think JM will still eat his own dikkkc as promised???
The problem with your logic is in a buyout the share holders shares do not become worthless. The shares are turned into the buyers shares. There is no need to dump huge chunks of shares. Plus John didn't own any shares.
A more logical explanation in my opinion is this was always a pump and dump scam and the insiders are bailing because they have pumped this POS all they can. They now need to start all over with a new scam.
Always right!! Why else would Ladd dump 300k shares...He knows there is about to be a huge run up!!! Go mgt
Looks like the end is near...
I could see that for sure. I just don't see how anyone could look at this and feel it is a good investment. No matter how many miners they say they will be getting they have no way of being profitable. Even their most recent figures on monthly income is still based on btc being at $19k which we know is false. Insiders have to be propping this thing up.
The mac pool was some other imaginary JM deal reference blockchain I believe. And now they want to dilute shares and then do a reverse split.... Pathetic. The only thing worse is insiders acting like this is a good thing.
JM is gone so there is no Mac Phone or pool let alone a Sentinel... mgt mines btc and that's it.
So did they just dilute shares by another 2.5 mill?
Do you think we will get the Quarterly tomorrow?
To me this is just the normal pump before the quarterly release. Be ready to get out because this is what they do. PR pump then quarterly release dump.
That's great but how much PH do they have now. For some reason they refuse to state that number. Why is that? Plus that $4 mm was when btc was at $20k. Now that number is $2 mm at most. Also how much were these rigs? According to PR they were free...
Really whats the address so we can bring it up on Google maps?
at 40 cents it will be ready for a new pump method. Probably be a letter of intent to buy bitmain or Google.
That's a negative DD!!! mgt is much better off with bitcoin plunging because mgt never really liked bitcoin anyway. bitcoin was always the weak link in their chain....lol
You make very good points. My only issue is they have had months to do exactly what you described. Yet nothing. There is a point where too little too late comes raining down. I believe they are already there. 2 products last year ended in failure and now 2 more.
I am short now since the $4 range but I am a trader so I will flip in a heart beat. I just can't see a bottom any time soon.
Weird how some were BLATENTLY FALSE about JM leaving and yet he is gone and how JM was a great mind hard at work for mgt yet now he was a loose cannon who needed to be gone....
So now what??
PR FLASH:
The great visionary Robert Ladd says bitcoin will hit $20k or he will eat his own pooh.
They will not be able to use this scam anymore. I do not see how they dig themselves out for a couple more pumps.
Don't forget the money they took in for all the people who wanted to be early recipients of the phone.
Why would anyone accept btc??? One day you pay $100 worth of btc and the next day you can get it for $75. The fluctuation in price is too great thus everyone wants a stable currency....
Right the old “letter of intent” trick. Just like the “letter of intent” for the now fake phone. Letter of intent to distribute Senticrap.... When does the letter of intent road end and a real product actually begin.... scam, pump, scam, pump, and repeat
That's hilarious! They are already partnered with bitmain. They have been supposedly buying miners and running their machines. So no sentinel and no phone. What's the bet on rev for the quarter? I say 850k while spending 6 mill imho
No worries I have stated on here many times this was a scam. I’m short mgti right now. Just found it funny that this is the exact same thing that happened last year. Just replace Elijah with JM and product names. We even got the same posts of JM didn’t do anything and they are better off without him....lol
They just confirmed there is no sentinel or phone. Now all crypto and instead of getting to 70ph they will only get to 65. But they still haven't even said how much ph they pu out now. History repeating itself here
You would think they would stay quiet and let this die for awhile before coming up with a new pump like they did in 2016. By letting it die most people will go away and they would be able to get fresh meat who don't know about mgt.
We should get some kind of PR pump soon since the quarterly will not be good. They will have to off set no Sentinel sales and a delay in any kind of phone with some kind of PR. I doubt bitcoin since it dropped. Probably some kind of new promise on the phone. Maybe soon since there was this 2 day run up. Insiders buying into the forthcoming news.
This is on a new PR release by mgt.
MGT Capital Investments, Inc. (OTCQB: MGTI) focuses on an expansion model to grow its crypto assets materially.
Since when did their focus change???
LOL it was a good post though. I can't believe the price has held this high to be honest. I would expect some kind of new PR in the next 2 weeks to offset the bad quarterly. Different miner machines doesn't really help and stating they are adding more machines has been done already. Should be interesting but I think they have played the bitcoin hype as far as they can. Maybe they will try some kind of promise on the phone. Sentinel is dead so they can't use that.
I'm not as scared since this is a day trading stock. It will fall in price but these guys have been real good about making up some new scam to sell to share holders to pop the price. I thought for sure this time last year we would be at .001. But mgt's ability to come up with new fake PR's is quite impressive.
Definitely not a long hold but for day trading I think it isn't bad.
We should have 4700 rigs up and running on this next quarterly right?
So is this the first post about how the Sentinel doesn't really matter because now mgt is a bitcoin maker??? What's next the phone is no big deal either.... you can't act like you know what btc is going to do thus the reason why companies must diversify.
Let's be frank...Ladd never vacated the CEO spot
With no Sentinel sales and no phone update do you think that will be an issue on the next quarterly? The uptick of btc was so brief it will not add much rev so interested on how bad the numbers will be. They have a lot of forward miners supposedly coming on next quarter but that’s been said with no delivery before. Hopefully it drops so we can play their next pump.
It's the same PR from Oct they just added 10 PH which equates to an extra $2 mill a month? They just wanted to capitalize on the new price of bitcoin. Smart move since Sentinel probably has no sales IMO.
PRNewswire/ -- MGT Capital Investments, Inc. (OTCQB: MGTI) announced today that it has executed a new purchase order with Bitmain Technologies for an additional 500 S9 Antminer mining rigs, with shipment expected early in the first quarter of 2018.
Following shipment and setup, and in conjunction with the Company's current rigs in operation or in its possession, MGT's Bitcoin mining operations will be comprised of over 5,000 Bitmain S9's. These machines are expected to generate roughly 70 Ph/s of total hash power, and over $4.0 million in monthly revenue, assuming current Bitcoin pricing and Difficulty rates. Factoring in management fees, profit sharing, electricity, hosting and other direct operating costs, EBITDA from the Company's Bitcoin mining operations is projected at over $2.0 million per month. The Company expects all rigs announced to date to be operating during the first quarter of 2018.
"To meet the ongoing and projected ramp of our mining footprint, we are exploring cost-efficient locations for hosting and electricity on a global basis. In addition to the economics, we are focused on immediate availability of adequate power," stated Stephen Schaeffer, President of the Company's Crypto-Capital Strategies business unit.
Because too many insiders pumping and dumping this stock
You're right. All we can do is guess since they have not updated their PH capacity for over 6 months now. But if we want to guess they did say they made $400k in Oct. Being generous and say bitcoin averaged $8k that month then they made 50 coins. If this is true then their PH can't be more than 10.
Zero. They sell them as they are made according to JM.
There is definitely a Sentinel. Though no one has bought one, therefore, not one is in use the mgt website does have pictures so it has to be real. But even if it is website real they haven’t sold one so does it really matter if it is real?
Dec 18 cme will offer futures on bitcoin. I will be getting some puts cause it's just a matter of time before it drops.