MGT Capital Investments Inc. (MGTI)

[Imperial Whazoo]

They got 2 investment groups out of their hair by granting them larger numbers of shares as an inducement to convert debt to common shares & warrants. Good price for the investors on the shares & warrants.

But, like I said this morning, they got to get rid of all their debt. Zero. Zilch. Nada. Nothing.

And, with the news release, we get to see that somebody else out there had confidence enough to have bought shares & warrants, and this time, the warrants do not bear bad prices. In fact,as we close the week's trading, we have some way to go to even get to their designated conversion price. Tells you that somebody out there likes the future prospects of MGTI's mining operations.

When a little company like MGTI wants to grow, usually, they have to trade massive dilution & control of their company for the funds to proceed. This management group has a sweet situation. They can go forward with the necessity of diluting to raise funds behind them because the money they currently have is going towards an enterprise that can generate massive cash flow without having to dilute at all. A very sweet situation indeed.

I like the re-org. Machinery to mine crypto with, no debt, and rising crypto prices. Nice situation to find yourself in, IMHO.

Imperial Whazoo