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Mark Holder

MGT Capital: Last Warning Before Shareholders Vote

MGT Capital Investments (MGT) CEO John McAfee had an exchange on Twitter about a sheep that included the following tweet amongst others. 

The merger will undoubtedly get approved with the shareholder vote on September 8 that includes McAfee taking over as CEO. The risk though is what happens to a stock up from $0.25 to $3.33 on no real news other than this 70-year old making questionable statements on social media taking over as CEO. 

At this point, the stock is a gamble that has to end badly for anybody that considers MGT Capital an investment. 

Disclosure: No position 

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