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Lol. "they realize they have other companies scarred" Ohh haaa hahahahah!! Precious.
Correct. As if they didn't know yesterday that the NYSE would not permit the issuance of another 43 million shares. They acted as if all was o.k. They were probably selling as fast as they could.
Scam is unwinding, as it should. Obviously NYSE doesn't want another 40 million shares that company can pump and dump. Simply amazing. All imo.
Still waiting for a product, revenues, you know, a real business! I can't believe this is still above $1.00 given all the baggage it carries.
Can't wait for this to be halted. It's been a scam from day 1, imo.
What are you implying or talking about? Sell what to Google? This is a shell now, isn't it? Patents taken over by YA. ??
What kind of update are you expecting from the CEO? Anything material needs to be released via PR. Direct communication like that to message board posters gives me the heebie jeebies. That said, I am invested here. TIA
why would shorts be nervous? There are millions more shares on the way. Right?
Of course, $10! Why not $20?? Or $30??!! Not like there is any revenue to base those numbers on. Whoo hoo!
Is there something not truthful that was written?
Thank you for your reply. There are just too many unknowns here. And as you said " Imagine you taking over a ticker and shifting its business focus to a brand new industry with a brand new team. How long would it take you to do anything?" and that is exactly why $4.00 / share is absolutely laughable. But good luck to you and all. BTW, a pump and dump does not have to be illegal. I am suggesting that they are offering a bunch of junk business and will not provide anything tangible. JM is not the first guy to think of cyber security. To be sure, there are dozens of companies that make products. I think some here give JM too much credit. It will take a lot of shares and a lot of money to compete with established companies. You will see. Dilution will reign supreme. Buyers in MGT own a dream and nothing more at the moment. I can't see spending $4.00/share for that.
That had to be the stupidest PR I have ever read. It reeks of pump and trying to support a bogus PPS. Does JM have anything better to do than tweet and issue threatening PRs? He sounds like a child, and makes this sound like the scam I think it is. I bet they want all the good ol' boys to get millions $$ for their worthless apps and nonsense. Petahash. LOL!! So far, they have essentially nothing to show for their 20 PRs. Just a lot of "its coming" balony. Where is the revenue JM? What products do you have? Just a bunch of BS. I give credit to those that made money though. Someone will be left holding the bag.
It sure is dark in the NEOM dungeon. Not even light can escape, as some new arrivals are learning. It's getting crowded in here.
Understood. People know a good P&D when they see one. GLTU!
It's about time for a PR on a new advisory board, eh? Although, I do think something a little different would be better to PR. The board member thing is starting to be laughable. That was the easy stuff. Now there needs to be meat.
Typical response. Am I wrong about a bunch of board members? A bunch of "names" that JM knows getting in on the action? Not saying this P&D won't climb, but I do find it to be a typical P&D. So the company ticker was always "MGT", so hey, we'll contact McAfee and call it "McAfee Global Technologies" = MGT. What a perfect plan. (sinister laugh).
What does MGT have other than a bunch of board members that meet to advise? They have this Currency division, and a Military division and Tactical Division and Hacker Board. No employees. This is laughable.
Look at Infoblox. They bought IID in Tacoma, which has 65 employees. Infoblox, which is based in Santa Clara, California, has about 850 employees, also said it "intends to maintain an office in Tacoma.
850 employees + 65 employees just for cybersecurity, but MGT has a bunch of "board members". LOL. Sorry, this has to be the biggest P&D and people here are just munching on this like its the greatest thing.
Just Google the words "Cyber company", and see how many big companies, like IBM are in the cyber security business. There are dozens of major firms, and yet JM is going to POOF! start a company and you people have the stock price soaring like it has product, etc..It has "advisory board members" and little else. Denial is futile! OMG, and LOL.
Ok, which is what I would expect. Someone had posted last week that it was not the shareholders. Thanks for replying.
Perhaps, but was it you that said shareholders would not be the ones voting in JM as CEO and the board would do it, and now, I read yesterday that it is the shareholders that will vote and proxies will be sent. Seems like a lot of misinformation and rah rah going on, but no one really knows.
So what do all these advisory board people do? Are they working, or just sitting around "advising"? Who are the workers? Where is the capital to pay these people? Are they selling stock to do so? Yes, it's a start-up but those are real questions. They need capital.
It's like you can see your money, but you can't ever touch it again! Ever!! LOL!!!!!
Please stop. It looks like you have a lot of people who follow you, so why would you want them to fall into this trap? At least pick and choose something with substance. All you or anyone needs to do is read the history of the board to see it has been a nightmare. Everyone lost their money here, so by you "Rah! Rah!", you may only get others to fall into this garbage. There are billions and billions of shares. No business. Debt owed. Conversion by YA and so on. This is junk.
Thank you. Would love to see JM deal cemented too
This is starting to read like a "has-been rock group from the "80s", that play a venue at the local casino to bring in some extra cash. And why can they appoint BOD members, but JM is still "proposed". Something seems off.
OTC K, I hope so! Not sure what it could be, and that is why I asked about Patrick Soon-Siong. Time will tell, and I hope it is something so good and "out there" that no one here even thought it a possibility. That said, I am NOT buying, as I stated earlier. Just holding what I have.
OTC K, I cannot answer in private. I hardly watch this stock. The activity today caught me my surprise. I do not monitor the NEOM board daily. I am at work and check boards occasionally. It seems there are but only a few regulars here, and we all seem to know what this has been (a big ol' pile of dog pooh). It's not on me to know if people are buying or waiting in the wings to buy. How would I know? I posted a question about a theoretical, and moved on to my "watching from afar now and again" state. I am hoping for something good but I know much less about this than others here seem to know. GLTU.
Nah, perhaps not. I have seen the .0001s look real thin, then once they get close to clearing out, another 70 million surface, and so on and so on. Those .0002s can, and probably will, get fat just as quickly. GLTU.
Couldn't Patrick just pay off Ya the $40 million owed and buy this thing lock, stock, and barrel under the "go-dark" Form 15, we wouldn't know? Maybe leave 100M shares for YA to ride up with a reverse merger. Any reason why Soon-Shiong could NOT acquire this, if he really wanted to? BTW, I am NOT buying. I am stuck here like everyone else. TIA.
It has "proposed". Same as last two weeks. Still not a done deal.
"PROPOSED" MGT CEO John McAfee Comments on Presidential Bid and Cyber Technology
May, 31, 2016 MGT Capital Investments, Inc. (NYSE MKT: MGT) today provided a commentary from the Company's PROPOSED Executive Chairman and Chief Executive Officer, John McAfee.
How the heck long does it take for the BOD to vote this in?
TY Sprycel. There's a Board of Directors? Lol. Guess I need to bone up on this. Thanks again!
Has anyone received a proxy to vote JM as CEO? AM I correct, that because this is up to the shareholders, all should have received a voting ballot? If not yet, when? What is the hold up? TIA
And what is worth noting, JM himself said he was "approached recently" by Robert Ladd with the "idea" of JM becoming CEO, etc...and JM said yes. This is not like JM thought of this company or idea. It's Robert Ladd using JM name, and they all make some money along the way. Good times.
O.k., thank you
Vol, what announcements are coming?
Maybe because there are grandiose claims of "$5.00 next week" and SOME people don't want to see others get burned with baseless pumping. Who here bought at $5.30 two weeks ago? How does that feel? Meanwhile, like I said, they have to grow this company, build revenues, watch the dilution, get sales staff, operations in place, etc...etc...So maybe this takes off, and maybe it does not. But the pumping here 24/7 is cause for concern. Makes me question if this is in fact a pump and dump when I see "to the moon" BS hour after hour.
This is just a mid-cap like any other now. They have to demonstrate earnings, build the company, hire employees, get office space, spend money (from where?) not dilute, etc..etc.... It may take a while. Time will tell, but this "$5.00" stuff is not going to happen any time soon. IMO.
Down 20% this week, from $3.00++ on Monday. Glad I sold this morning. GLTU.
Well, this "huge" news barely moved the needle. I think people want to see revenues, contracts, and closed deals, not PRs saying "they will".
So this company has $2 million on hand, and people think this is going to "explode to $5.00" ???
Geez. What a stretch. I like the way it is consolidating today, and with Friday upon us, I think it will do well. I'm keeping it real. Don't need to be a pumping fool.
"As recently as 2007, MGT was changing hands for more than $120."