You got that right. They struck a deal for next to nothing, because MGT will be hard pressed to come up with $75,000. In the case of MGT, anything is better then the $45,000 they did in revenue that MGT did in the last quarter. The next quarter will be worse much worse.
What facts can you supply with your superior knowledge? Do explain with some facts and names of companies about how and how much money they are making. Show me earnings reports and income statements stating how much money is being made.
This company is all smoke and mirrors. They continue to lose money . They pump up this stock by buying worthless companies. Each quarter will get worse. They do a great job of promising and not delivering. My experience is that online gaming is just a service for the casinos....there is no real money to be made unless you charge a substantial fee to go onto the site. WMS is an example of a company that doesn't make money on their online gaming. They charge $15 to get onto their site and some free coins and if you're a guest at the hotel there is no charge.
MGT has nothing to worry about in this agreement. The slots won't even produce $750,000 in 18 months. The salaries they pay executives and the people from Avcom will drain them dry even sooner .
I have been negative about this company starting with my first post when this stock was over $7.00 a share. If you love to loose money buy more. They buy worthless companies with worthless stock. They will be bankrupt even sooner then I first thought. By owning this stock and defending their lack of earnings says a lot about all the fools who love this scam of a company. Laugh while you can, it will be short lived.
MGT is a fraud and a train wreck. They are loosing money hand over fist every quarter. As far as their lawsuit they have no chance to win. WMS as well as the other companies in question have thousands of patents many of them will disprove MGT's claim. MGT will be in chapter 11 in the next six month's. They even stated this in their report 6 month's ago.
No but I have 25 years of experience building slot machines for the three major companies. Many of my friends still work for these companies.