Big opportunity to Bet on the Jockey!
John McAfee has certainly had a very colorful career to put it mildly. To gain deeper insight into the mind of a reckless and scandalous genius, watch Gringo, a documentary about him and his entourage found here.
For his next act… McAfee has taken control of MGTI and has plans to build the “next big thing”. Details and his execution plans are not readily available. (has always been his style to fly by the seat of his pants and keep hush hush)
MGT Capital Investments, Inc. is in the process of acquiring and developing a diverse portfolio of cyber security technologies. With industry pioneer John McAfee at its helm, MGT is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, as well as corporate networks.
Also as part of its corporate efforts in secure technologies, MGT is growing its capacity in mining Bitcoin. Currently at 5.0 PetaHash, the Company’s facility in Washington state produces about 100 Bitcoins per month, ranking it as one of the largest U.S. based Bitcoin miners. Further, MGT is in active discussions with financial partners to grow Bitcoin output materially.
This is a classic case of betting on the jockey not the horse.
McAfee is looking to build a much bigger empire than his first. He has the money and the network giving him a big leg up and the unfair advantage we look for.
This is a complete lay-down and the shares should be bought aggressively.
We see a ten bagger by 2017 year end assuming the markets remain strong.
Current price .55
Year End 2017 Target: $5.50