InvestorsHub Logo
Followers 131
Posts 4727
Boards Moderated 0
Alias Born 05/10/2004

Re: SteveWin post# 29881

Thursday, 12/14/2017 12:58:35 PM

Thursday, December 14, 2017 12:58:35 PM

Post# of 36724
If anything, the money flowing into MGTI from crypto mining is a substitute for raising cash for high tech projects (research, manufatucring, administrative etcetera) such as the Sentinal device & the phone.

The death of most tiny companies trying to launch a new piece of innovative or disruptive technology is the need to raise cash. To do this, the typical choices are dilution & selling off control to otsiders.

Because of the mining, either of these two pieces of technology have a better than average chance of coming to fruition. There will be less dilution and there will not be a need to loose control of the company as the price necessitated by the high costs of bringing something into public view and acceptance.

So, IMHO, MGTI will either continue on its current road to an eventual release of either of these technologies (or both) using money raised via mining, or it will sell off one or the other (or both) to corporate buyers who take the ideas & run with them for themselves.

Thats how I see it.

I thus see mining as the most important endeavor, not the two devices. My opinion only.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MGTI News