Replies to post #29925 on MGT Capital Investments Inc. (MGTI)

[penknee]

“post links to prove they never said there will be no debt. As I was reading thru them, I noted SPECIFICALLY that they said there would be none and you say there is no limit. “

What are you taking about, you want me to post a link to something that wasn’t said, I didn’t say “no limit” either? I can’t even understand your question and you seem to have misinterpreted my point.

Here’s my post again:

“there were limits on how much debt could be converted before”

ie, they couldn’t dump as many shares as they wanted, there were limits originally, and there still are limits.

“there is no debt as a consequence of this 8-K and its attachments”

Lol, no one said there was. This was a disagreement regarding the price that warrants and convertible debt convert into common shares. As a result, both lenders will be able to convert at $.75, and there was an increase in the number of shares the lenders will be allowed to convert.

“no uncertain terms, that MGTI emerges with zero debt obligations.”

Uh yeah, that’s how CONVERTIBLE DEBT works. You have debt, you convert it to shares, and the shares are sold. Until all the shares are converted, they have debt.


I already posted the link, here it is again:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136918982

[hobowilly]

DURHAM, N.C., Dec. 15, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTCQB: MGTI) announced today that it has executed a series of transactions that put the Company in a debt-free and cash-rich position as it exits 2017. Specifically, investors holding a total of $4.6 million in convertible notes have exchanged their debt for equity. In addition, the Company sold two million newly issued restricted shares for a total of $8.0 million, or $4.00 per share. The purchasers also received warrants to acquire an equal number of MGT shares at a price of $4.50 per share.

http://www.mgtci.com/newsroom/news/mgt-capital-completes-comprehensive-financial-restructuring-300572008.html