Replies to post #13565 on MGT Capital Investments Inc. (MGTI)

[Pennyprof]

That is a really good point, IF THIS WAS A SCAM, IF MGT IN ANYWAY WAS TRYING TO PUMP AND DUMP, AND DILUTE AND RIP OFF THE SHAREHOLDER FOR NO REASON, THE RS ITEM WOULD NOT HAVE BEEN ON THIS PROXY. MGT is ALREADY and presently APPROVED to RS our shares at a minimum of 1 to 8, to a maximum of 1 to 40! They literally could have announced a RS of 1 to 40 today and be fully within their right to "rip us off". But they didn't. Instead they lowered the approved RS option to 1-for-2!

[StockJunky]

That shareholder meeting on Dec 31st was before Mcaffee bought into the company....
Judging by the way MGT stock had performed before Mcaffee arrived, they probably would have done a nasty R/S
JMO , but at 74, I think a guy like Mcaffee if anything, wants a legacy(he sure as hell dosentwant it to be Mcaffee anti virus software)
An R/S is used when a company is in deep financial trouble, rarely works, and its usually a last desperate measure.....
JM 's interviews and actions since he has taken over have been extremely good.....
And Yes, he wants to make money - and most of us here are betting he does.......

[coaldollars]

IMHhO.......this is in preparation for possible major acquisition or acquisitions to be announce.....no way would I short JM company with his connections...... to major players in this arena.