Friday, March 16, 2018 2:18:21 PM
UAHC Ventures, a subsidiary of United American Health Care Corp (a Mitt Romney company) which invested in December in GAHC. Made millions in an investment in MGT Capital Investments (MGTI). In August 2017 UAHC purchased a convertible note and warrants of MGTI for $2,410,000. Stocks and warrants are convert at 0.75 cents which equals to 12,533,252 at today stock price. Deduct the note and cost conversion of warrants equals gain of $7,808,252 over 300% gain in 7 months. More importantly UAHC has over 12,500,000 capital to invest.
My opinion GAHC will receive another round of investment from UAHC. IMO, we may see a change in a president of GAHC as conditions of the investments.
UAHC tends to want to be in control once they invest serious money into to a company.
All the above facts are on Ihub MGTI board.
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