Yet Another Highly Questionable Transaction For MGT CapitalGuest Post
MGT Capital more questions - guest post - the author of this post has a short position in the company
- Issues debt convertible at $1 (significantly below market) and gives 300k free shares.
- Doesn’t disclose transaction for several days, and then only in an 8K.
We have been bearish on the stock of MGT Capital (MGTI) and believe this highly controversial company, which has little revenue, loses money, and was recently delisted from the NYSE remains significantly overvalued. We expect the company to report another disappointing quarter when it announces earnings (or . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat.