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MGT Capital Investments, Inc. Message Board

  • tradingexpert4me tradingexpert4me Apr 26, 2013 7:37 PM Flag

    CFO Robert Traversa just responded to my e-mail about 8-K. So 600,000 less shares is correct.

    The sell off clearly resulted from those not fully understanding the filing. I had sold prior to the news, but I can see why many would sell on such news and ask questions later.

    Perhaps insiders could have posted more clarity to the many retail investors like myself, that don't always understand the SEC filings at a glance.

    Doesn't matter as long as I can get some cheap shares again.


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    • exactly, now you see the light

      • 1 Reply to reneerob03
      • So, let me get this straight, they are issuing shares, raising money and they will have 600K less shares? What? I personally think dilution kills. I don't think it was a coincidence that the Seeking Alpha Article came out yesterday and the stock runs up and crashes with the 8K. When I first learned of this stock, they had an outstanding share count of around 2.35M and $5M in cash which equals $11.35 market cap. Now you are telling me that they will have around 9M shares outstanding approximately $10M cash with a market cap of $39M. Still not bad, but if they spend $10M (on something) then their goes to zero and that concerns me. This company recently (March 22, 2012 3 for 100). I know that most will say this is a different company, but what remains that are issuing more shares and still no operating business that will make them money. If they are going to fund any new business venture, they will have dilute again and may again to raise cash. I will wait until the dust settles. BTW, that after hours post of $125K is very misleading. Really, a 125K buy and it only goes up .16 cents. tradingexpert4me, what are thoughts on the above analysis? I do believe as you previously stated this is an excellent trading stock at this point because there is no business plan to say how they are going to make money, just a couple of Blog Seeking Alpha articles. If I miss a run, so be it, but three dilutions in a month????

        Sentiment: Hold

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