What Tiffany Madison has been Emailing and posting on Facebook:
Tiffany Madison tmadison@mgtci.com via mgtci.onmicrosoft.com
Please forgive the delay in replying. As you can imagine, we have been unexpectedly busier than usual today. At this time, we will not be issuing any formal press release in response to this episode. We are choosing to reach out to every individual shareholder directly to respond to any questions they may have at this time. Our position is below:
We are aware of the statements made by Eric "Eijah" Anderson (via Twitter). Unfortunately, in the age of social media, public statements may not accurately reflect the terms and conditions of legal agreements, and may encourage observers to reach hasty conclusions. Mr. Anderson's Twitter does not reflect MGT Capital Investments business or serve as any form of material update.
We are the largest minority owner in Demonsaw, LLC. The company believes that the novel technology underlying Demonsaw's architecture offers tremendous value and opportunity as an enterprise solution. Therefore, MGT will pursue all avenues to protect our investment on behalf of the company and shareholders.
We are also aware of the allegation (also shared via Twitter) that Mr. Anderson was not compensated by MGT nor served as the Chief Technology Officer. The company would like to reiterate that Mr. Anderson served as Acting CTO for MGT and its shareholders between May 2016 and February 2017. As an independent consultant, Mr. Anderson assumed all duties and responsibilities of the position and was duly compensated for this role in the amount of $17,000 per month until February. Any statements otherwise are false.
We continue to work closely with Mr. Anderson as he develops Demonsaw intellectual property and we look forward to profiting from his team’s technical expertise.
Thank you for reaching out and we hope to update shareholders with further positive news soon. I hope that helps to clarify as best as we possibly can at this time.
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