other material
confidence high
sentiment negative
materiality 0.55
MGT Capital issues 54M shares on conversion of ~$87K in notes; total shares 903M
MGT CAPITAL INVESTMENTS, INC.
- Jan 11: issued 30M shares for $48,310 note conversion; Jan 25: issued 24M shares for $39,152 note conversion.
- Implied conversion price ~$0.0016 per share, reflecting deep dilution for existing shareholders.
- Post-issuance shares outstanding: 903,170,903; remaining notes principal: $1,491,379.
- Conversions exempt from registration under Section 3(a)(9) of Securities Act.