Yes, let's go with this. Take overs are sexy, cans and bottles are not.

Looking for conviction in these shallowed halls, those your T-Trades?

Also, when are they spinning out the LV Operations? Now would be a good use of the MC, yes??

Maybe I was wrong, conviction seems to be trickling in ;)

There appears to be some concerns over conviction. Does the King have the right stuff?

Nice FIB retracement as well. Broke a little over the 76%, but whos counting?

LOI stated 30 days. If all DD goes well, that does put it this week.

Oblivious.

What is obvious is you missed the train and want in cheaper. Not too late, jump in on Monday.

10-4, getting up to speed here.

Clearing debt would be a feat! The rest of the set up seams professional though, with directors.

On past execution, are you referring in general, or Global. Global has been scooping up assets like DigitalX without hinderance.

http://www.zdnet.com/article/blockchain-global-uses-bitcoin-to-take-40-percent-stake-in-asx-listed-digital-x/

Blockchain operates on verification, and our Red friends may be pulling the plug on 70% of the worlds computing power. Seems to me that leaves the door open for those who have the hash capability to churn out verifications for the blocks.

Wonder if there is some company out there that has the infrastructure in place to step into the void??

Can't stop it boyz.

http://fortune.com/2017/09/05/real-estate-development-bitcoin/

https://www.coindesk.com/calling-crypto-wealthy-uk-baroness-unveils-luxury-bitcoin-condos/

More from Red Land, at least he hasn't been imprisioned.

https://amp.reddit.com/r/NEO/comments/6y7q49/a_statement_from_neo_council/

The China scare was BS, a smoke screen, but must be respected as a force of change. Mgti is a miner of transactions, verifier of information in the chain who still gets its money the old fashion pinky way. Stock price reflected that today.

Interesting. I think the Central Authority has is playing catch up with the Blockchain Tech. They have been at it awhile, but maybe ICO's took off to fast for them to keep their greasy hands involved. Some research for you.

http://www.econotimes.com/chinese-government-explores-blockchain-technology-releases-white-paper-360209

http://www.econotimes.com/China-to-establish-blockchain-research-institute-881437

Keep your eye for news from NEO CEO, Da Hongfei.

Good post. Some things for further consideration, it's not really a ban on ICO's, but a pause to get regulations in place. This tells that they want a bigger cut for the Central Authority in a Decentralized Landscape.

As far as MGTI, Bitmain isn't worried as they just raised 50million.

https://www.bloomberg.com/news/articles/2017-09-04/sequoia-idg-are-said-to-invest-in-china-bitcoin-mining-giant

Oh, I have read the filings. No need for a PhD to understand computational power is the intrinsic value of mining transactions. Just added 500 more machines.

Everything one needs.

dang, you guys are quick!

Gotta love pinks, get away with all kinds of $h!t. Like, Business Pivot, Crazy a$$ Chief Visionary with the SEC on his tail, longs who figured he did it once but hasn't followed up with the next line product (but, F it, their up 500% with the mining), PR's at 10:15 and a half hour before close followed by Form 4 disclosures, and a new asset class with a soon to be loyal following....

Good stuff, everything you need.

Fame is elusive, but you're one dedicated mofo.

Did you read the entire piece?


* Important Disclosure: The owners of TheStreetSweeper hold a short position in MGTI and stand to profit on any future declines in the stock price.

That's how I operate. 18% works as well...

Yep, bitcoin is bitcoin mania. Maybe put in a VHS tape and research mania.

And...using a1600's manipulation of false supply is prolly not a good example, as the block chain model would have identified that.

I'm good with +5-6% a day...

Well, there was your gap filling morning dip.

"The internet is in the middle of a revolution: centralized proprietary services are being replaced with decentralized open ones; trusted parties replaced with verifiable computation,...."

Say hello to your end....

Autobiography?? Prolly ought to put out a 8K announcing family connections...

Cool, I thought it deaf a ning was my path to something...Penny Stock Riches! Read the 10Q and no debt, convertables based on 15 day VWAP's before lock outs expire, small float controlled by concerned citizens with Jane Goodall coming on board as indepentant director says NAZ uplift is close! Don't want to be caught short on this massive play to da moon!

:)

Is this like a training program or something?

They even follow up Press Releases with 8K, who else does that?

https://www.sec.gov/Archives/edgar/data/1001601/000149315217009875/0001493152-17-009875-index.htm

Nice weekly chart for Aug.

Yep:

https://shop.bitmain.com/antminer_s9_asic_bitcoin_miner.htm

Technology Adoption Curve:

http://www.caroli.org/the-technology-adoption-curve/

Really? I suppose asset forfeiture without formal charge is an acceptable deterrent tool as well?

Wait, never mind....

Informative information, thanks for providing the link.

My question remains, I'm familiar with 2 of 3 and 2 were do to ICO's. What has that got to due with mining transactions on a blockchain and McAfee?

Sorry, I'm a little slow sometimes, not getting the connections.

I've read their disclosures on the mining operations and currency exchanges and found them in the proper place in the 10Q. With the follow up 8K on the Management change and subsequent financing activities, what am I missing that brings the yellow flag?

Thank you.

It will be interesting to see if the SEC moves forward and includes a "miner".

With MGTI, having their materials filed is the point though, correct? McAfee is a nut, but he's been around and knows what is needed.

2 questions:

Do you think the SEC is casting its intention to cool the crypto sector with this suspension and, do you feel they will include MGTI due to McAfee's involvement(he has separated himself) or is it their filings and FD that is the problem since they are Pink Current?

RSI (14) just bounced off 40. Up we go.

SEC should not have a problem with this:

"Our material revenue stream is related to the mining of digital currency. The Company derives its revenue by providing transaction verification services within the digital currency network of Bitcoin, commonly termed “Bitcoin mining.” In consideration for these services, the Company receives digital currency, Bitcoins (“BTC,” “coins”). The coins are recorded as revenue, using the average spot price of Bitcoin on the date of receipt. The coins are recorded on the balance sheet at their fair value and re–measured at each reporting date. Revaluation gains or losses, as well gains or losses on sale of BTC are recorded in the statement of operations. Expenses associated with running the Bitcoin mining business, such as equipment deprecation, rent and electricity cost are recorded as cost of revenues."

Filed yesterday, enforced at the open this morning.

https://www.sec.gov/litigation/suspensions/2017/34-81474.pdf

"The Commission temporarily suspended trading in the securities of BITCF because of concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCF’s assets and its capital structure."

Seems the FD is filed timely and the capital structure is known here.

Thanks, I'm pretty comfortable right now.