MGT Capital Investments Inc. (MGTI)

[Info_Sec]

MGT 8K Auditor Change

The reason MGT changed Auditors is because Friedman LLP would not cook the books and clearly stated MGT is insolvent and apt to fail hence: 'other than as related to the Company’s ability to continue as a going concern'.

Item 4.01 Changes in Registrant’s Certifying Accountant

Effective January 5, 2017 (the “ Effective Date ”), MGT Capital Investments, Inc., a Delaware corporation (the “ Company ”), dismissed Friedman LLP as the Company’s independent registered public accounting firm. As of the Effective Date, the Company has engaged RBSM LLP as its new independent registered public accounting firm to provide accounting and audit services for the fiscal year ended December 31, 2016. The engagement of RBSM LLP was unanimously approved by the Company’s Audit Committee.

The report of Friedman LLP regarding the Company’s consolidated financial statements for the fiscal year ended December 31, 2015 (the “ Most Recent Fiscal Year ”) did not contain an adverse or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles, other than as related to the Company’s ability to continue as a going concern.

During the Most Recent Fiscal Year and the subsequent interim period through the Effective Date, there were (i) no disagreements between the Company and Friedman LLP on any matter of accounting principles or practices, financial statement disclosures or auditing scope or procedures, which disagreement, if not resolved to the satisfaction of Friedman LLP, would have caused Friedman LLP to make reference thereto in their reports on the consolidated financial statements for such year and period, and (ii) no “reportable events” as defined in Item 304(a)(1)(v) of Regulation S-K.