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MGT Capital Investments, Inc. Message Board

  • financesajeed financesajeed Feb 14, 2013 1:00 PM Flag

    Business Progress of MGT Capital Investment Limited.

    MGT Capital Investment Limited (NASDAQ:MGT), a holding company engaged in monetizing intellectual property rights, is likely to show a marginal growth in turnover in 2012. Reviewing its nine months actual revenue generation, we estimate at least some annual growth in revenue than previous year. However, revenue may remain limited this year. To increase sales volume the company has taken some necessary steps, which are likely to work to improve the position. According to SEC Filing 424B1 (submitted by the company), its subsidiary company Medicsight is towards satisfactory business arrangement. Medicsight, being a medical technology company with patent ownership, sells ColonCad softwere. The ColonCad software has good demand in the market and its market penetration is increasing day by day. The company expects a good return from ColonCad software in the upcoming days. In addition, Medicsight has entered into partnership business with Vital Image, Inc. (acquired by Toshiba in 2011), Tara Recon Inc., Qi Systems, Viatronix Inc.,Toshiba Medical Visualization Systems, Intrsens SAS and Infinitt, which will help the company to improve business activities as well as financial health.
    The company can not accurately estimate ColonCad license sales as the company depends on third party for selling and distribution of its product and services. However, MGT continues to explore all strategic alternatives with respect to its wholly owned subsidiary company Medicsight. According to company information to SEC, “The Company is also analyzing potential acquisition opportunities in healthcare marketing and technology, as well as various intellectual property assets”; which will bring good result subsequently.
    During 2011, the company has reduced its operating loss by 50% and perhaps, from this year the company will make some profit from business. MGT has sufficient cash balance to support working capital requirement. This cash balance will facilitate financial flexibility of the company. I foresee that in long run, the company will regain its financial stability for long term survival.

0.7825-0.0175(-2.19%)Oct 31 4:00 PMEDT

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