MGT Capital Investments Inc. (MGTI)

[pmony5]

I can see why many retail investors bailed today as at first glance didn't seem like good news but after spending nearly 30 minutes on the phone with CEO this is good news & here's why.

The scummy financiers which could give a crap about ANY co. they are involved in started exercising warrants note that only 2.4 of the 2.7 million warrants are involved ??? Hudson & Iroqouis already exercised 300K flipped in $4s'. Management saw this & acted quickly as they don't want several months of overhang & constant selling like they did with the preferred shares. This gives them 800K free trading if exercised in full & 1 million shares restricted for 6 months & eliminates 600K warrants reducing total outstanding shares. My feeling is they have good news coming & want these lowlifes out of the way so investors get into a free trading stock. Remember the largest shareholder is the CEO & CFO owning 27% of the total out. Next few weeks & months I see lots of good news coming & this clears the way for the stock to trade at much higher valuations.CEO wants Institutional sponsorship & needs the share price much higher to garner their interest & remember CEO a 25 year hedge fund experienced veteran knows the system believe me he is sharp. Just my opinion but I believe this stock has maybe another week or 2 at these levels & then will be at much higher prices... GLTA & make $$$$$$$$$$$$$$$$$$$$$$