MGTI has a huge outlook in our markets today, with John McAfee at the Helm as CEO. He has stepped in and changed the direction and vision of the company. Transforming mgt from the online gaming platform it was, to technology infrastructure monster it is soon to be, has many risks. But with these risks comes great potential rewards.
John McAfee's announcement alone sent the stock from its $0.15 a share common stock to over $5.00. Netting more than 1,500% in the companies price per share. Since then it has had a rocket road with past problems in the company coming out. An SEC investigation and being kicked off the NYSE put the company into a whirlwind of ups and downs. I am still try to figure why the NYSE kicked them down to OTC pink sheets. They stated that MGT wasn't a real company. But with all this finally behind them, MGT is pushing forward with great expectations.
This year is looking like it is going to be a breakout year for MGT. The company started out with a huge bitcoin mining facility which has pushed to the #1 mining facility in the US. Pumping out 100 bitcoins a month is a great way to grow capital for future investments. MGT has also signed a letter of intent with Nortic IT to make a true privacy mobile phone. Contract being worth around $50 million. With talks about the prototype already floating around. (Nothing official yet). And finally the prize product Sentinel. Sentinel is undergoing bata testing now and flaws are being hammered out.
As soon as they finally bring a polished product out, the sky is going to be the limit with MGT.
(In no way am I telling anyone to buy MGT, as with every stock you need to do your own research and come up with your acceptable risk level).