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many different military/governmens could want what exactly?
MGT doesn't even have a product. countless competitors (like Orenberg's own company no less) do have products, do have contracts; MGT has nothing, but "board advisors" who need to get paid, but will only "advise". advise on what exactly? again, theres no product, only hype.
yes i assumed you didn't. but those shares will be created once the acquisitions close, so you should take them into account.
you do realize you're currently near a 300M market cap already?
23M for D-Vasive, 20M for Demonsaw, 25M outstanding, that's 70M, or a share price of $ 4.25. that's not really that spectacular is it?
really, they don't. change of ownership, change of activities, all sorts of issues can dissolve a NOL, happens all the time. NOL's are very very rarely worth something in a takeover-scenario. but why are we talking about NOL's? to benefit from NOL's, you need to generate a profit. to generate a profit, you need activities that generate revenue. MGT hasn't got any of those.
i'll point out an error in the article for you:
"and the D-Vasive assets are really worth $20 million"
absurd. the way he estimates this makes no sense, and the NOL's he talks about could well be worthless when there's a change of ownership.
DVasive is an app that does something any Romanian coder could do in a week and is being handed out for free. this is not worth 20 million, maybe 50K at most.
i just read the article: http://seekingalpha.com/article/3982530-mgt-capital-cut-noise
if anything i think the guy is being gentle in his article. nothing in it seems untrue or made up.
since when is "very opinionated" bad? this board is very opinionated as well..
lots of retail with lots of algos, as always. we've seen bigger turnover in MGT many times before this last month, never any big money involved. just check the filings.
haha that's also what you said one month ago. Big money will never invest in a company without any assets and without any cash.
there's nothing wrong with a bit of arguing, and congrats on your profits.
nobody in their right mind would buy MGT bonds. Tesla is able to issue bonds as it's actually a company with assets, not just a group of people without any cash.
an SEC form 4 is insiders selling for their own personal use. this has nothing to do with the company selling shares.
also, when a company does sell shares it doesn't generate "revenues".
sorry, you might want to brush up on your knowledge of this kind of stuff. it's difficult to argue with someone who doesn't appear to fully grasp what a filing means, what dilution means, and what revenues mean.
to produce revenue they need revenue generating assets. to acquire them, they need cash or issue stock. the don't have any cash. if you issue plenty of stock, all shareholders will be diluted to the hilt. you don't see the catch 22 here?
are you joking?
FTNT actually has revenue-generating assets, hundreds of millions in cash.. MGT has absolutely nothing.
I 100% agree with you there's a data problem in this world.
But you and me are about as unlikely to fix that problem as MGT, which is broke and is issuing millions of shares to buy worthless apps that don't solve the data issue either.
To make data more secure, and protect yourself against hackers the best you can, you need billions and billions of dollars. You need governments as well as multinationals finally taking this problem seriously and start investing serious money in their (and our) data-security.
The assumption MGT will somehow play a role in this is completely ridiculous.
At best, MGT is a few good-willing outsiders with absolutely no money who will buy incoherent assets for millions if not billions of shares, without ever generating any sort of economic value (as that isn't their priority in the first place).
At worst, MGT is a scam.
how will MGT prevent servers getting hacked? And please please, be specific. What product does MGT have that help fix this problem? What cash has MGT available to invest in creating such a solution? Do tell me.
you've got to give MGT credit though.
they're very good at "appointing people". if they keep this up, they will have hundreds of advisory board members within the year.
everything he does own, he can't sell.
those are shares given freely to him which haven't vested yet. he's getting shares for free, and dumping them the second he can.
No no I'm no amateur, I'm in it for the long run. This thing is absolutely worthless.
you raise capital by selling shares of the company to investors.
what Ladd does is selling all of his personal shares for his own personal wealth. it has nothing to do with raising capital.
No Ladd did not buy at any point.
Again, like Bushness, he was given shares for FREE, check the filing, part of the same incentive plan. He never bought in the open market, he only sold and sold and sold. What a sign of confidence.
hahah Ladd has been selling all the way. If he's your QB, your team is in deep deep trouble.
nobody claims he sold. but one guy here was claiming he bought, which he hasn't. he got a nice little early christmas present at the expense of shareholders.
D means disposed. He SOLD a lot of shares in May, all in the 2.40-2.50 range. SELL SELL SELL that's all the insiders have done.
All that was A(cquired) were once again FREE shares, that Ladd will dump as soon as they vest as he dumped everything he could dump already.
yeah i read that. he was given shares for FREE and he can sell them from 1 juni 2017 onwards. so what's your point? the shares are FREE, he didn't pay a cent for them.
yeah sure. but bushnell didn't pay a cent for these shares, let's be clear about that. there has been NO insider buy by any of these guys, only insider sales.
it's in the filing....
"The securities were acquired through a grant pursuant to MGT's Amended and Restated 2012 Stock Incentive Plan"
Come on, this is not rocket science. It's not an accusation, it's a fact,
bushnell was given the shares for FREE
why is this a good sign exactly? more dilution, no cash down, more presents being given, with no profit in sight.
he's invited to speak yes, because everybody knows him. plenty of people make a career out of speaking, but would run any business into the ground.
mcafee has ran everything into the ground since the 90s. tell me, what exactly did he do that gives you confidence that isn't at least 25 years ago?
oh those purchases. the worthless app which he pays for by issuing twice the current float. sorry, i thought you were talking about new purchases, perhaps something that's actually worth something this time.
everybody loves McAfee? everybody loves a coke-head, yes, but nobody takes him seriously. except of course if you get paid millions to do so.
Asset purchases? With what money exactly?
url please
the whole basic idea of the app is extremely basic. you combine freely available road-data with freely available crime data, and build some sort of interactive thing that users can pin-point their own crimes as well (which nobody will do).
first of all, you need to be a ridiculous crime-nut if you plan your routes based on where once every few months a crime takes place. obviously, the chance of getting hit on the road by another car is infinitely bigger.
second of all, anyone with basic IT-skills could create this app.
it's worth like a 100 bucks at most. no idea why I bother, you know that, I know that.
if you really think that why don't you and me make an app together. creating something like zone has created takes about a day, and we'll both be multimillionaires.... right?
it's a P&D, you and me both know it. stop BS-ing.
come on, don't do that.
we all know this is a low float thing which will go up as long as not everybody is selling.
this share is near worthless, it's a ponzi schema. let's not BS about institutional bla bla.
making some paper money real money is never a bid idea
when the music stops, this thing can go to 1 overnight and you won't have the time to sell. but you're right, it could go to 25 before that.
at some point locking in some profits is not a bad idea though.
you don't need shorts (and besides there are hardly any, good luck finding one).
as someone correctly pointed out, the float on this is a few 100 K max, that's all you need to know.
you know his career? i'm sorry, you also noticed the many "companies" he's currently a director in, i'd be impressed if you ever heard of one of them. and again, none of them show any relation to cybersecurity.
don't worry about me, not sure if you've noticed but this thing is down down down lately. today won't change that.
how do you know? do you personally know him?
what is this? a flash-back to the 90s?
another guy who did something 25 years ago.. and is now well in his 70s.
like mcafee he must get a lot of pay to do this thing, just think of all the reputational damage. anyway, a nice big check will probably fix that.
btw, going over his resumé.. did he ever do anything remotely related to cybersecurity? i didn't think so..