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Thursday, June 02, 2016 7:39:09 PM
Just thought I would remind individuals interested in this stock that the lead programmer is no piker. This guy is extremely driven and already has worked on billion dollar projects:
Grand Theft Auto...Guitar Hero to name a couple of extremely high dollar projects. Detractors need remember the company is just getting started. Lets let them fail at something first before bashing.
In news that flew under the radar Thursday morning, MGT Capital Investments, the publicly traded company that is to be led by cyber security pioneer John McAfee, announced the acquihire of Demonsaw LLC. Demonsaw is led by former Rockstar games developer Eric “Eijah” Anderson. Anderson has a proven track record across gaming, the hacker community and cyber security.
MGT announced that they have entered into a definitive agreement to purchase assets from Demonsaw in a deal valued at over $40 million dollars.
The relationship between Eijah and John McAfee was highlighted last August by Forbes Magazine when they reported “What do you get when you cross John McAfee and GTA V…” Demonsaw is currently in it’s second version. The software allows for private, secure and anonymous file sharing and communication at a level not seen before in the technology space. It will pave the way to an enterprise product that will cause a major disruption to the VPN space.
MGT made waves earlier this month when they simultaneously announced the asset acquisition of another McAfee backed startup D-Vasive, as well as the pending appointment of McAfee as the CEO of the company that will bare his name, John McAfee global technologies.
Both men are viewed as pioneers in their industry. In addition to creating the first cyber security company, McAfee is also credited with being early in instant messaging with Tribal Voice and in a Twitter exchange back in September, top venture capitalist Mark Andreesen gave credit to McAfee for discovering what became the browser plugin, in the early days of Mosaic.
In addition to leading the teams at Rockstar Games behind GTA 3 (Grand Theft Auto 3), Max Payne 3 and GTA V (Grand Theft Auto 5), Eijah spent time at Activision/Blizzard on several Guitar Heroes including Monsters of Rock. Before that he led an the first in house cyber security team at American Express. Eijah has keynoted at Hack Miami as well as the legendary Defcon conference in Las Vegas, last year hosting a party with over 5,000 attendees looking to get face time with both Eijah and McAfee.
“Eijah is far more than a trusted confident and friend, his technical resume speaks for itself and he continues to impress me” McAfee said.
In his new role as CTO for MGT Eijah will oversee the teams working on technologies in the cyber security space.
MGT entered the technology space through the gaming industry with assets in fantasy sports and online gaming. They’ve made a big commitment to cyber security with their recent acquisitions and the announcement of both McAfee and Eijah to head their technology driven company.
“Artificial intelligence will be crucial to the next generation of cybersecurity systems. Eijah’s proposed appointment as Chief Technology Officer will cement our edge in the creation of cybersecurity products in this new paradigm of cyber threats.”
Mr. McAfee, said in a statement, “I want to reiterate my personal commitment towards the creation of a major force in cybersecurity. As a listed company with proper corporate governance and regulatory standards, MGT will be the vehicle I use to create wealth for all stockholders.
Recent MGTI News
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/30/2024 10:00:26 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 09:19:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 06:17:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:30:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 06:21:10 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/29/2023 05:15:26 AM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 01:30:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/13/2023 04:29:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 05:27:02 PM
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