MGT Capital Investments Inc. (MGTI)

[Imperial Whazoo]

IMHO, MGTI will benefit from being in the mining business and their decision to obtain $2.4 million in funding was a timely decision, despite the dubious creds of the people behind the company doing the funding and the sketchy history of certain individuals associated with MGTI.

I think there is a direct relationship between the worldwide move to implement blockchain technologies in all kinds of business & governmental arenas, and the benefits that will accrue to MGTI as a result of its decision to ramp up quickly to build out infrastructure to become a large player in the business end of blockchain mining.

Simple as that. Thats my basic point.

And to support this opinion of the importance of corporate & governmental acceptance of the technology, check out some articles relating to the acceptance of blockchain in all kinds of arenas:

"Mark Cuban is trying to fix social media's biggest problems by backing a company mixing bitcoin technology with messaging"
http://www.businessinsider.com/mark-cuban-backs-mercury-protocol-blockchain-communications-startup-2017-8

Or

"Bank of America Files 9 More Blockchain Patent Applications"
https://www.coindesk.com/bank-of-america-files-9-more-blockchain-patent-applications/

Or

"Credit Card Giant Visa Hints at Digital Asset Service Plans"
https://www.coindesk.com/credit-card-giant-visa-hints-digital-asset-service-plans/

Or

"Goldman Sachs Granted 'SETLcoin' Cryptocurrency Patent"
https://www.coindesk.com/goldman-sachs-granted-setlcoin-cryptocurrency-patent/

Or

"Nevada Becomes First US State to Ban Blockchain Taxes"
https://www.coindesk.com/nevada-first-us-state-ban-blockchain-taxes/

Or

"Arizona Governor Signs Blockchain Bill Into Law"
https://www.coindesk.com/arizona-governor-signs-blockchain-bill-law/

Or

"American Express Brings Credit Card Buying to Bitcoin App Abra"
https://www.coindesk.com/american-express-brings-credit-card-buying-bitcoin-app-abra/

Or

"IT Giant NTT Data Enlists 13 Companies for Blockchain Consortium"
https://www.coindesk.com/giant-ntt-data-enlists-13-companies-blockchain-consortium/

Or

"7 United Nations Agencies Are Now Investigating Blockchain Applications"
https://www.coindesk.com/7-united-nations-agencies-are-now-investigating-blockchain-applications/

Or

"Russian Deputy PM Says He Supports a State-Backed Cryptocurrency"
https://www.coindesk.com/russian-deputy-pm-says-supports-state-backed-cryptocurrency/


I am trying to drill down to the foundational ideas underpinning my point of view.

My basic point, again, is:
Blockchain is a world wide force to be reckoned with at this particular point in time, and it is being adopted by corporate and governmental entities at a breakneck pace. As such, MGTI having hurried to obtain money with which to expedite hardware aquisition and to set up operations on a large scale in the continental US, is, in my opinion, a strong & very wise business decision.

It is risky, and that is a fact, but the movement on a world wide basis into acceptance & utilization of crypto bodes well for this little stinky-pinky stock.

Watch the volumes and watch the real time bitcoin ticker.

Thats my point.

Imperial Whazoo