Replies to post #11081 on MGT Capital Investments Inc. (MGTI)

[GOLDBUFFALO]

>>>Everyone should read this<<<. It is all the DD summed up into one nice small article.

MGT Capital Investments Inc.

MGT Capital Investments Inc. (NYSEMKT:MGT), AKA John McAfee Global Technologies, made the news last month for firebrand John McAfee’s surprise return to public markets as the next CEO of the company. Any company looking to collect, store and manipulate large swaths of data, especially consumer data, needs a solid security framework in place to protect this data from threats. A number of options in the space already exist – IBM and Cisco Systems to reference two of the biggest names– but MGT is working to become the go-to entity for data security solutions.

McAfee is a cyber security legend in the eyes of many, best known for his developing of the McAfee antivirus program, which Intel now owns. The company is young, at least in its latest iteration but it already has a helm comprising tech experts in their respective fields. It just announced the appointment of bitcoin and cryptocurrency expert Roger Ver as Chairman of the Cryptocurrency Advisory Board, which has been put in place to ensure that MGT remains current in the protection of cryptocurrency storage and transaction. At the end of last week, MGT announced the forming of its Hacker Advisory Board, which consists of some of the world’s most revered hackers – specifically, as its founding team, Chris Roberts, Bryce Case and Alexander Heid.

So what’s the plan, aside from the name change? At the beginning, it looks as though the name of the game is acquisition. MGT has two ongoing deals set to close near term, one that will see it acquire anti spy software company D-Vasive and another that should see it acquire Demonsaw, a file-sharing platform. The name change will take effect at the closing of the first of these deals.