For those of you that have followed this blog & my research, I've long been outspoken on the challenges MGT Capital would face.
Over the course of the last few years, I successfully predicted that MGT would never materialize significant (or any) positive revenue from any of their business models. These included:
Sep 2, 2014 - MGT Capital Investments Stock On A Wild Ride
Sep 4, 2014 - Is CEO Robert Ladd Good For MGT Shareholders?
Sep 9, 2014 - Low Turnout For MGT's DraftDay Fantasy Sports Website Week 1
Nov 19, 2014 - MGT Capital Investments DraftDay.com 3rd Quarter Overview
Ultimately MGT's underlying assets were worth nothing when the public symbol MGT was essentially used for reverse merger purposes. The newly formed company John McAfee Global Technologies won't have anything to do with the prior MGT business models.
So while MGT shares may run up as speculators trade what McAfee might or might not do. My work on this stock is likely complete. I have very little knowledge of the computer/software security business and really don't know much (other than the headlines) about John McAfee. He could end up creating lots of wealth - and I guess it's possible bagholders of MGT get un-stuck.
However, I encourage former holders of MGT to do research on what the current plan might be. Read the SEC documents (see my tutorial on reading 10K documents here) and make your judgement based on logic instead of company hype. Just because you might have been bailed out in this instance, that doesn't always happen.