This may shock you, but I'm an MGT long.
The price drop doesn't bother me one bit. When it drops for superfluous reasons, it's nothing more than another buying opportunity. The reason behind this drop, however, concerns me as an investor.
If this proxy doesn't get done, it adds fuel to the P&D fire. The first delay is perfectly acceptable. A second delay just one week later?
Missing two self imposed deadlines to file a proxy and my confidence as an investor evaporates significantly. There are other places I will place my hard earned $$ rather than a high risk investment that misses self imposed deadlines on multiple occasions.
I'm not trying to sway or push the stock in any direction. Look at my post count. This is simply my opinion. Most of my portfolio is all Blue chip and lacks drama. I just stumbled accross MGT at 1.21 and hopped on board with a few thousand bucks. Not a big time player at all. I suspect many MGT investors are in the same boat.
If I were smarter, I'd be advocating exactly the opposite of my actions, but I'm just not that bright.
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