Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Bought 4 million shares at 0.0002 today to just flip to 0.0003, if i can. Otherwise will sell again for 0.0002. Seems like a good flipper stock right now unless RS happens of course!
Another 8K today;
http://ir.stockpr.com/mgtci/all-sec-filings/content/0001493152-17-002638/form8-k.htm
https://www.sec.gov/cgi-bin/browse-edgar?CIK=mgt&owner=exclude&action=getcompany
Item 1.01 Entry into Material Definitive Agreements.
1. Line of Equity of up to $5,000,000
On March 14, 2017, MGT Capital Investments, Inc., a Delaware corporation (the “Company”) and L2 Capital, LLC (“L2 Capital”), a Kansas limited liability company, entered into an equity purchase agreement (the “Equity Purchase Agreement”), pursuant to which the Company shall issue and sell to L2 Capital from time to time up to five million dollars ($5,000,000.00) of the Company’s common stock (the “Common Stock”) that will be registered with the Securities and Exchange Commission (the “SEC”) under a registration statement on a form S-1. Pursuant to the Equity Purchase Agreement, the Company may require L2 Capital to purchase shares of Common Stock in a minimum amount of $25,000 and maximum of the lesser of (a) $1,000,000.00 or (b) 150% of the Average Daily Trading Value, upon the Company’s delivery of a Put Notice to L2 Capital. L2 Capital shall purchase such number of shares of Common Stock at a per share price that equals to the lowest closing bid price of the Common Stock during the Pricing Period multiplied by 90%. Before the expiration of the term of the Equity Purchase Agreement, the said Agreement shall terminate, subject to certain exceptions set forth therein, at any time by a written notice from the Company to L2 Capital.
In connection with the Equity Purchase Agreement, the Company has issued to L2 Capital an 8% convertible promissory note (the “Commitment Note”) in the principal amount of $160,000 in consideration of L2 Capital’s contractual commitment to the Equity Purchase Agreement. The Commitment Note matures six months after the Issue Date. All or part of the Commitment Note is convertible into the Common Stock of the Company upon the occurrence of any of the Events of Default at a Variable Conversion Price that equals to 75% of the lowest Trading Price for the Common Stock during a thirty-day Trading Day period immediately prior to the Conversion Date.
2. Convertible Promissory Notes and Warrants
On March 10, 2017, the Company and L2 Capital entered into a securities purchase agreement (the “Securities Purchase Agreement”), pursuant to which the Company issued two 10% convertible notes (the “Convertible Notes”) in an aggregate principal amount of $1,000,000 with a 20% original issue discount, which was funded on March 14, 2017. The Company received gross proceeds of $392,500 (which represents the deduction of the 20% original discount and $7,500 for L2 Capital’s legal fees) in exchange for issuance of the first Convertible Note (the “First Note”) in the Principal Amount of $500,000. The First Note matures six months from the Issue Date and the accrued and unpaid interest at a rate of 10% per annum is due on such date. At any time on or after the occurrence of an Event of Default, the Holder of the First Note shall have the right to convert all or part of the unpaid and outstanding Principal Amount and the accrued and unpaid interest to shares of Common Stock at a Conversion Price that equals 65% multiplied by the lowest Trading Price for the Common Stock during a thirty-day Trading Day period immediately prior to the Conversion Date (the “Market Price”).
On the date stated immediately above, the Company received a L2 Capital Back End Note (“L2 Collateralized Note”) secured with the First Note for its issuance of the Second Note to L2 Capital. In accordance with the Second Note, the Company shall pay to the order of L2 Capital a Principal Amount of $500,000 and the accrued and unpaid interest at a rate of 10% per annum on the Maturity Date, which is eight months from the Issue Date. At any time on or after the occurrence of an Event of Default, the Holder of the Second Note shall have the right to convert all or part of the unpaid and outstanding Principal Amount and the accrued and unpaid interest into shares of Common Stock at a Conversion Price that equals to 65% multiplied by the Market Price. Pursuant to the L2 Collateralized Note, L2 Capital promises to pay the Company the Principal Amount of $500,000 (consisting $392,500 in cash, legal fees of $7,500 and an original issuance discount of $100,000) no later than November 10, 2017.
In connection with the issuance of the First Note and the Second Note, the Company also issued to L2 Capital Warrants to purchase up to 400,000 shares of Common Stock (the “Warrant Shares”) pursuant to the common stock purchase warrant (the “Common Stock Purchase Warrant”) executed by the Company. The Warrant shall be exercisable at a price of 110% multiplied by the closing bid price of the Common Stock on the Issuance Date (the “Exercise Price”), subject to adjustments and exercisable from the Issue Date until the five-year anniversary. At the time that the Second Note is funded by the Holder thereof in cash, then on such funding date, the Warrant Shares shall immediately and automatically be increased by the quotient (the “Second Warrant Shares”) of $375,000.00 divided by the lesser of (i) the Exercise Price and (ii) 110% multiplied by the closing bid price of the Common Stock on the funding date of the Second Note. With respect to the Second Warrant Shares, the Exercise Price hereunder shall be redefined to equal the lesser of (i) the Exercise Price and (ii) 110% multiplied by the closing bid price of the Common Stock on the funding date of the Second Note. L2 Capital may exercise the Warrant cashless unless the underlying shares of Common Stock have been registered with the SEC prior to the exercise.
8K is out; https://www.sec.gov/Archives/edgar/data/1001601/000149315217002293/form8-k.htm
This is the content
"Item 1.01 Entry into a Material Definitive Agreement
On March 3, 2017, MGT Capital Investments, Inc., a Delaware corporation (“MGT”) and Future Tense Systems Inc., a Colorado corporation (“Future Tense”) entered into the Demonsaw LLC Membership Interest Purchase Agreement (the “Purchase Agreement”). Pursuant to the Purchase Agreement, Future Tense sold its 46% membership interest in Demonsaw, LLC, a Delaware limited liability company for 2,000,000 unregistered shares of MGT’s common stock. Janice Dyson, the wife of MGT’s Chairman and Chief Executive Officer John McAfee, is the sole director and one-third equity owner of Future Tense.
The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
"
Isn't the 8K SEC filing due for the merger activity that occurred on March 3rd? +4 days it is due?
Except Q4 2016 ER is due by 3/31/2017, less than 6 weeks away.
When the outlook was bleak, and from tax loss sellers, yes. But the outlook is better now. It could be that MGT hasn't sold any Sentinel products in Q4 2016 and so that would hurt but you can't be so sure that none have been and none or few have been in Q1 2017, and the bitcoin computation center in Washington state.
I believe this stock share price does depend on news, in that good news would provide the volume necessary to keep it above $1 for a long time. Whereas other stocks will pop on good news but then settle down back to where it was. Because sentiment is a factor here. And by good news I mean a good ER & bitcoin update.
To be clear, I asked Tiffany Madison, she says Eijah is not on the board of MGTI. Asked on the Facebook group. "Tiffany Madison Is or will Eijah be on MGT's board?" -->
"Daniel Watkins, not at this time. Eijah is a brilliant programmer and partner of MGT. He, and our management team, believe his talents are best wielded through 100% focus on Demonsaw and its resultant enterprise products."
Also asked about if MGTi will uplist to the top tier OTC/pinks which is OTCQB I believe. She has not responded to that Q yet.
Happy weekend
v Utter sense. Not everything we wanted has come to fruition but at least Demonsaw is linked with MGT officially.
Intel fiasco, Sentinel sales & bitcoin current status report, uplisting fiasco still remain.
Wonder if MGTI will uplist to the upper trim of Pinks (OTCQB I believe) now or was the acquisition of D-vasive required for that as well as Demonsaw?
Utter nonsense.
Just waiting4Dvasive acquisition news, then this stock could easily test 2 bucks. Question is, what gives, why is it taking so long. I know i know, scam.
lol.... send that doc over to sendspace or something
Newbs... wait for this to bottom before buying more! Plenty of stocks in the sea. Patience
Bought @ .0025, sold .0042 1.19 million. Made about 2 grand, could have made more if I had waited a few more minutes friday morning! Should have waited, no bear signals had happened yet, but this failed to breakout above ~0.0035 2 times or so. I think it would have been fun to unload a ~0.007 just a few minutes before close (sell into strength).
Good luck to all. Winning's winning!
There is a slight chance this'll retest and then fade Tuesday, but hey, could go to the moon!
Was this a newsletter pump or inaguration coming up? I don't see other weed stocks really surging yet.
PPL were fighting when it was diluting, from the high volume I saw. But now that dilution has stopped, nobody wants to buy this in a hurry, thus price not increasing. Mysterious.
Going to 0.80+ by 1/3/2016. Time to Buy
Loading at 65 cents would have been EASY money as I predicted. Paper traded it, no position. Capital involved elsewhere right now. Weed sector popping a bit.
Free 10-day Nutraspray sleep support on their site + shipping&Handling cost.
COCONUT CREEK, FL -- (Marketwired) -- 12/22/16 -- NutraFuels Inc.(NTFU) , , today announced that the company will be offering a holiday gift, free trial offer for one of its leading oral spray products Nutraspray sleep support. The offer comes as a limited time only, nationwide, holiday gift offer.
The offer will allow consumers nationwide to order online and receive a complimentary 10 day supply of the company's sleep support oral spray valued at $9.95 Each order will be limited to one free unit per customer and will require a shipping and handling payment of $4.95 Customers will also have the option to purchase other products on the site with no additional shipping charge. In order to receive the $9.95 discount offer the following coupon code will need to be added at checkout and only applies to the SLEEP SUPPORT SINGLE PACK UP TO 10 DAY SUPPLY product listing.
Order online at: http://www.shopnutraspray.com/
Checkout Coupon Code: FTO2016
"As we approach this holiday and in the sprit of giving, we would like to share a token of who we are as a company," said Edgar Ward, Nutrafuels's(NTFU) CEO. "We are happy to provide this offer to consumers nationwide giving the gift of sleep support to help improve the quality of restful sleep for those in need."
I was in at .014 and got out at .02, argh can't believe this volume came in!
Dafuk? Watching for high volume again.
Very very low volume on Friday .. 33K or so. If people were to try and buy it that day, would dilution have kept it at bay, or would it be dormant. Very low volume.
No Shippers sympathy play for this? .. too bad.
Getting tasty at this price. Tied up in other stock tho
Getting tasty at this price. Tied up in other stock tho
28K ask at 0.86 = Shorts probably. Just about there to get in for a long swing.
Picked up 5.8 grand at 0.13, easy peazy. Got in because there was a hidden Level 2 ask at 0.13. Only showed 5000 shares but people kept on slapping it, so I grabbed plenty there. This morning.
There are stocks far worse than this that are or were on the OTC. Stocks that endlessly aggressively dilute for example. Stocks that get pump 1000% on newsletters and dump in 1 day, followed possibly by delisting to the bad lands.
Only about 4 millions shares sold today at 0.0007, so I assume you got your 10 million there, not today? @Bernic Sanders (1 MSG above this), yes very likely he is making it all up to try and pump it.
How do you know that 100s of millions of shares became available to converters today??
This pump is probably going2dump at some point? I doubt my broker will have any shares shortable (Fidelity).
Well.. that was fun. not. Apparently not many cared to try the gap fill so failed breakout.
TOS/YahooFin has incorrect chart? On ThinkOrSwim and the Yahoo Finance chart for MJTK, it shows that back in June of 2016, like June 13th thru 20th, the stock dipped down to 0.005 or so with high volume, then bounced with the high volume, then volume decreased to just above 1 penny for a while until 8/15/2016, then dip again to revisit 0.005 or less.
Yahoo Finance charts seems to be very similar. https://finance.yahoo.com/quote/MJTK?ltr=1
However, with Fidelity ATP software and on their site, it's much different. https://eresearch.fidelity.com/eresearch/goto/evaluate/snapshot.jhtml?symbols=MJTK&type=o-NavBar
Just down to 8 cents in June, 3 cents on the second dip before the big electrion rally.
So, which is correct?
Similar situation with $PSID by the way, TOS chart different data than Fidelity. I think Yahoo and Fidelity may be in agreement with this one.
Thank you. Considering to load here $MJTK.
0.8 i'll load up and hold! Strange how it gets quiet when it is becoming a good time to buy ;)
Going to OTCQB, effective Dec 1st! via email;
MIDDLETOWN, R.I., Nov. 29, 2016 (GLOBE NEWSWIRE) -- Towerstream Corporation (NASDAQ:TWER) (the "Company"), a leading Fixed-Wireless Fiber Alternative company, announces move to trade on OTCQB under the symbol "TWER" effective December 1, 2016. This transition to the OTCQB market does not affect the Company's business operations. The Company will continue to file periodic and certain other reports with the Securities and Exchange Commission under applicable federal securities laws.
The company has approximately $12M in cash on hand and has recently reduced its long-term debt by $5M.
The Company's cash burn from operations approximates $1M per quarter and is decreasing.
The Company has increased EBITDA in each of the last three quarters.
About Towerstream Corporation
Towerstream Corporation (NASDAQ:TWER) is a leading Fixed-Wireless Fiber Alternative company delivering high-speed Internet access to businesses. The Company offers broadband services in 12 urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area.
Safe Harbor
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
INVESTOR CONTACT:
Terry McGovern
Vision Advisors
415-902-3001
mcgovern@visionadvisors.net
Primary Logo
Source: Towerstream
Isthis another WRIT? Looking for a dead cat, but so far no rebound.
I should have put in like 6 million haha. Felt that it was a psychological wall for everyone at 0.001. The rumor that was the dilution monster CDEL... who knows if that was dilution, it's just a MM, could be used for brokers too?
Sweet congrats man. How many shares may I ask?
Who got in huge at the bottom 0.0014ish or lower with millions of shares? Saw it, didn't go in. Same with PRGNF at bottom. Oh well.
Take that profit and be happy!
NT-10Q means slower dilution, how? I didn't know that was a requirement if the company is late to file earnings. I assume that is just a prediction of yours? PSID does look prime to reverse to 0.004 if people feel like YOLOing it.
You know, I kind of called it first. But I was early. Thought it was a fake breakout.