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Prediction: Intel sold a semiconductor plant to a VC firm a few years ago that had its own substation and separate power feeds in Colorado Springs... They have been mining crypto's there for a few years at like 7.05 kWh and have talked about renting one of their buildings to a company they can partner with and I believe that is where MGTI has landed.
Did MGTI just make their first good business decision?
Same info presented in different ways:
https://www.ccn.com/john-mcafee-linked-bitcoin-mining-firm-hit-with-lawsuit-over-pump-and-dump-scheme/
https://marketexclusive.com/mgt-capital-investments-inc-otcmktsmgti-shifts-crypto-mining-to-north-america/2018/10/
https://bitcoinexchangeguide.com/mgt-capital-investments-once-supported-by-john-mcafee-sued-over-bitcoin-mining-ponzi/
https://www.actionforex.com/contributors/technical-analysis/136134-bitcoin-price-falls-after-a-price-manipulation-report/
Finally got an e-mail back from MGTI: "All of machines are running out of Sweden as well as in Washington and we’re currently running at full power. We are cranking along... the break even point marginally is about $4,000 right now for coin. I know all the shareholders are aching to know what’s going on, and when the only thing you know is the stock price, there’s a tendency to think either things are horrible or things are great. We do our best to try to keep investors informed, We’ll still do that."
Variables: Stock: MGT Stock: RIOT
Monthly Energy Cost $810,000 $665,000
Monthly Energy Capacity 15MW 12MG
Total Mining Petahash 110 110
Total Mining Rigs 6800 8000
Type of Rigs (Majority) S9 S9
Employees 6 9
Assets $11,800,000 $28,300,000
Liabilities $6,100,000 $7,700,000
Operating Loss $6,000,000 $23,800,000
Company Value (MKT CAP) $15MM $55MM
Current RIOT average petahash = 100- 110
Current MGTI average petahash = 100- 110
RIOT current mkt cap is $55MM
MGTI current mkt cap is $15MM
MGTI has cheaper power, less debt and has a partnership with Bitmain. Both CEO's involved in same SEC investigation. Same company..... But now MGTI is 70% lower than comp lol.
MGTI just announced a new partnership with MMH Blockchain!
https://www.otcmarkets.com/stock/MGTI/news/MGT-Capital-Announces-Partnership-with-MMH-Blockchain-Group?id=204429
Their team has been frustratingly accurate. Have to give respect! Still there are large gains to play contrarian on MGTI. 3rd party covariates to BTC that have a strong correlation are the easiest for short term gains because of the crypto market fluctuations. Anticipate the pivots by sentiment analysis of the shorters for OTCs then act... Its easier than fantasy football. Good luck!
MGTI shorts have dropped by 40% in 10 days!!!!! Time for reverse
such easy money with MGTI. Averaging $0.25 per share now.... buy up and hedge BTC. When they announce a merger with Bitmain or Bit5ive it will pivot!
Bitcoin trading is up 24% in past 3 days... Bitcoin shorts are high. Could see a nice squeeze to get over 7k and push up MGTI.
Bitmain or Bit5ive is going to merge with MGTI to aviod IPO headaches... they both own majority shares of the company.
FAKE NEWS!!!
BTC short positions have dropped by 4% last 24 hours. Hopefully some bullish movement will keep MGTI moving
Bitmain owns a majority of MGTI... They will buy this sometime soon and then uplist.
Nice trading action today... Seeing some big buys over $30,000 for mgti
Mining is increasing like crazy by organizations like MGTI.... Ride out the storm!
https://www.google.com/amp/s/cryptovest.com/amp/news/bitcoin-hashrate-soars-while-ethereum-sees-drop-in-mining-activity/
Buying more today!
Agreed. Plus with hardly any debt they are better positioned to weather the storm.
Bitmain could buy MGTI to avoid an IPO? They are already heavily invested in the company
Also have a short of BTC to hedge... So much money to be made on stocks like mgti! Or you can scream "bk" in every post... But I find that a waste.
That means we still have 2 months of making money!!! Good luck
I am in at $0.265!! Easy money! Go mgti!
I just bought in at $0.26 !!!! Huge upside if the stock pivots, if not, this will be my tax write off..... LETS GO MGTI
The lower BTC falls due to a sell off the less organizations will be able to mine so the hash difficulty will drop and increase the profit and performance of anyone still left (such as MGTI). It is awesome the new team members they are adding (checked linkedin) and that they have paid off most debt and found cheaper utilities in Europe.... There are not many options for crypto exposure but MGTI may be the best bet.
MGTI short positions dropping since last week!
This is a great time to buy in low on Mgti! Dont let the shorters get all the money !
breaking!!! Big news coming from MGTI! No BK!!!
Interesting video of MGTI leadership recently
Bitcoin "Difficulty Hashrate" is decreasing resulting in more profitable returns for miners like MGTI!!!!!!!
High demand and significant drop in market cap without any changes to day to day operation: $22 million market valuation MGTI has $2.3 million in the treasury, debt that includes a #3.8 million note payable and some revenues reporting revenues from bitcoin mining of $409,000 in the second quarter of 2018, ending June 30, 2018 versus $388,000 in same quarter in 2017, and $956,000 in the first quarter of 2018.
PLEASE NOTE: MGTI is NOT the process of shutting down. The company is not filing for BK.
Just finalized a 35MM equity purchase agreement with a cap firm. Plenty of money to burn through as management tries to make something happen.... Coincides well with futures ending today on BTC and short positions at 24.5k
BTC short positions have dropped from 40k to 27k in about 10 days. If trend continues and drops to 10-12k it will be similar to dec '17 bull run. MGTI should correlate pivot and push back to 1.40 - 1.65 within 2 weeks post event (IMO).
Thank you!
"MGTI mining has been shut down for months. Bitcoin break even to mine is 7,250!! Just the facts."
False and subjective calculation
"June 16th Bitcoin 6,240 and MGTI 1.10. Today Bitcoin is up to 6,740 while MGTI o is .57!!!! Management are in under .5 cents. They have been Selling for months!! Once again MGTI has suspended operation. It's not profitable to mine. Sell and cut your losses! Remember having something left is better than having nothing left at all . They are going BK. LADD knows this. That why he has Sold at 1.01. 600,000 shares. MGTI management have been Selling for months ! FYI. Mgti next Scam is United Healthcare Corp!"
Biased perspective: management buying as well. S9s running in multiple locations.
Company has no debt and mining about 100+ BTC per qtr. New facility alters margins.
best case will correlate with BTC movement, nothing special.
https://cheddar.com/videos/kush-bottles-is-one-of-the-hottest-marijuana-stocks-on-the-market
Phase 1b/2 Study of Margetuximab in Combination with Pembrolizumab Presented at 2018 ASCO Gastrointestinal Cancers SymposiumBack to Press Releases
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30 minutes ago, 2:00PM ET 1/18/2018 Globe Newswire
Chemotherapy-free, immunotherapeutic combination evaluated
32% Overall response rate in second-line gastric cancer patients
Well tolerated in dose escalation and expansion cohorts
Rockville, MD, Jan. 18, 2018 (GLOBE NEWSWIRE) --
MacroGenics, Inc. (NASDAQ:MGNX), a clinical-stage biopharmaceutical company focused on discovering and developing innovative monoclonal antibody-based therapeutics for the treatment of cancer, today announced presentation of data from its clinical trial of margetuximab plus pembrolizumab for patients with advanced gastric and gastroesophageal junction (GEJ) cancers in a poster session at the 2018 ASCO Gastrointestinal Cancers Symposium in San Francisco, California. The poster was titled "Phase 1b/2 Study of Margetuximab Plus Pembrolizumab in Advanced HER2+ Gastroesophageal Junction or Gastric Adenocarcinoma."
This Phase 1b/2 open-label, dose escalation study evaluates margetuximab, an Fc-optimized anti-HER2 monoclonal antibody, in combination with pembrolizumab, an anti-PD-1 antibody. The trial seeks to characterize the safety, tolerability, maximum tolerated dose, and preliminary anti-tumor activity of this combination. Enrolled patients had relapsed or refractory advanced HER2+ gastric or GEJ cancer with disease progression after or resistance to treatment with trastuzumab plus chemotherapy. Study patients were enrolled irrespective of PD-L1 expression status.
A Phase 1b dose escalation segment of the study tested dose levels of 10 and 15 mg/kg margetuximab in combination with a flat dose of 200 mg pembrolizumab every three weeks. After completion of dose escalation, Phase 2 dose expansion cohorts were enrolled, including a 30 patient cohort in North America and a 30 patient cohort in Asia. Sixty dose expansion patients received margetuximab at 15 mg/kg and 200 mg of pembrolizumab every three weeks.
Acceptable tolerability was observed in the safety population of 67 patients. Grade 3 or higher treatment-related adverse events (TRAE) occurred in 11.9% of patients. The most common TRAE of any grade was fatigue (14.9%).
As of the December 4, 2017 data cut-off date, responses were evaluable from 51 patients, including 25 with gastric and 26 with GEJ cancer. The Overall Response Rate (ORR) was higher in patients with gastric vs. GEJ cancer (32% vs. 4%). ORR across all patients in the study was 18% (six confirmed and three unconfirmed patients). Similarly, Disease Control Rate (including partial responses and stable disease) was higher in patients with gastric vs. GEJ cancer (72% vs. 38%). Median progression-free survival was also higher in patients with gastric vs. GEJ cancer (5.5 vs. 1.4 months).
"We are encouraged by the tolerability and anti-tumor activity of this novel, chemotherapy-free regimen combining margetuximab with an anti-PD-1 mAb for treatment of patients with advanced HER2+ gastric cancer," said Scott Koenig, M.D., Ph.D., President and CEO of MacroGenics. "We are expanding the study by enrolling 25 additional gastric cancer patients and will continue to evaluate biomarkers, including HER2 and PD-L1 expression, to determine the patients who are most likely to benefit from margetuximab plus anti-PD-1 therapy. We expect to provide an update on these data later this year and define future development options for this regimen in the context of existing standard-of-care."
The poster presented at the 2018 ASCO Gastrointestinal Cancers Symposium is available for download from the Events & Presentations page on MacroGenics' website at http://ir.macrogenics.com/events.cfm.
About Margetuximab
Margetuximab is an Fc-optimized monoclonal antibody that targets the human epidermal growth factor receptor 2, or HER2 oncoprotein. HER2 is expressed by tumor cells in breast, gastric, gastroesophageal, bladder and other forms of solid tumor cancers, making it a key marker for biologic therapy. The Phase 1b/2 study of margetuximab in gastric and gastroesophageal cancer incorporates pembrolizumab, which is provided by Merck & Co., under a previously announced arrangement. MacroGenics is also studying margetuximab as a potential treatment for metastatic breast cancer in a Phase 3 study called SOPHIA, for which an interim futility analysis is expected to be completed by the end of January 2018.
About MacroGenics, Inc.
MacroGenics is a clinical-stage biopharmaceutical company focused on discovering and developing innovative monoclonal antibody-based therapeutics for the treatment of cancer, as well as autoimmune disorders and infectious diseases. The company generates its pipeline of product candidates primarily from its proprietary suite of next-generation antibody-based technology platforms. The combination of MacroGenics' technology platforms and protein engineering expertise has allowed the Company to generate promising product candidates and enter into several strategic collaborations with global pharmaceutical and biotechnology companies. For more information, please see the Company's website at www.macrogenics.com. MacroGenics, the MacroGenics logo, and DART are trademarks or registered trademarks of MacroGenics, Inc.
Cautionary Note on Forward-Looking Statements
Any statements in this press release about future expectations, plans and prospects for the Company, including statements about the Company's strategy, future operations, clinical development of the Company's therapeutic candidates, milestone or opt-in payments from the Company's collaborators, the Company's anticipated milestones and future expectations and plans and prospects for the Company and other statements containing the words "subject to", "believe", "anticipate", "plan", "expect", "intend", "estimate", "project", "may", "will", "should", "would", "could", "can", the negatives thereof, variations thereon and similar expressions, or by discussions of strategy constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties inherent in the initiation and enrollment of future clinical trials, expectations of expanding ongoing clinical trials, availability and timing of data from ongoing clinical trials, expectations for regulatory approvals, other matters that could affect the availability or commercial potential of the Company's product candidates and other risks described in the Company's filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the Company's views only as of the date hereof. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as may be required by law. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date hereof.
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CONTACTS:
Jim Karrels, Senior Vice President, CFO
MacroGenics, Inc.
1-301-251-5172, info@macrogenics.com
Karen Sharma, Senior Vice President
MacDougall Biomedical Communications
1-781-235-3060, ksharma@macbiocom.com