Shares of MGT Capital Investments, Inc. (OTC: MGTI) are higher after the company announced its plans to proceed its Asset Purchase Agreement for D-Vasive, which includes the acquisition of Demonsaw, rather than appealing the decision of the NYSE to delist MGT’s common stock. “This decision is based on our belief that an appeal would have little likelihood of success given the lack of transparency the NYSE provided prior to the appeal deadline,” MGT stated in the news release. Upon closing of the deal, the company said it expects to be listed on OTCQB; John McAfee and Eric “Eijah” Anderson will assume the roles of chief executive officer and chief technology officer, respectively.
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About MGT Capital Investments, Inc.
MGT Capital Investments, Inc. (OTC: MGTI) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer John McAfee at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones. MGT Capital intends to change its corporate name to “John McAfee Global Technologies, Inc.” For more information visit www.mgtci.com
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