MGT Capital Investments Inc. (MGTI)

[rru2s]

I talked to the CFO for 30 minutes last night. He said they do not need the cash right away but wanted to line things up with good terms and conditions for future business needs. They have no plans to use any specific amount as of now. In my opinion, he is being honest. While they wait for the patent lawsuit to play out, they need to expand into internet gambling, enter a partnership deal with a casino, roll out additional skilled wagering games in stages after MGTPlay is launched in January, and penetrate further into fantasy sports markets. Having cash for an acquisition set up in advance is good business strategy. For investors who thought they would do a 424 filing sometime in the next few months anyway, the terms ands.conditions of the ATM financing are a pleasant surprise, with a minimum offering price floor of $2.50.