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MGT Capital Investments, Inc. Message Board

  • eastr333 eastr333 Apr 11, 2013 4:05 PM Flag

    heavy insiders buying at $4.50?

    Did the insiders buy at about $4.50 just before MGT brought the law suit? Does that mean they know their case is strong? The small float and the massive volume last 4 trading days point to a potential breakout to new high. Just bought 2000 shares this afternoon -- am I too late to the game????

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    • The insider purchases and huge insider ownership are certainly a good sign.

      However, I think that the best indication of the strength of MGT's legal position is the fact that Nixon & Vanderhye took this case on contingency. N&V is one of the top patent and trademark law firms in the US with strong experience in gaming industry patent law (They put Michon and Progressive Gaming into bankruptcy in the same court, U.S. District Court for the Southern District of Mississippi). If N&V believes strongly enough in MGT to take their case on contingency THAT is a vote of confidence.

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