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MGT Capital Comments on SEC News
MGT Capital Comments on SEC News.
About this update from Mgt Capital Investments, Inc.
[{"type":"text","content":"\n\n\n\nMGT Capital Comments on SEC News\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMGT Capital Comments on SEC News\nPR Newswire\nDURHAM, N.C., Sept. 7, 2018\n\n\n\nDURHAM, N.C., Sept. 7, 2018 /PRNewswire/ -- MGT Capital Investments, Inc. (OTCQB: MGTI) is making the following statements in response to the announcement today by the Securities and Exchange Commission that it has commenced a legal action naming as a defendant Robert Ladd, the Company's Chief Executive Officer and President, among others. The SEC filed civil charges against multiple individuals and entities who are alleged to have violated the securities laws in connection with certain microcap stocks.  \n\nH. Robert Holmes, Chairman of the Board of Directors stated, \"MGT and its officers and directors have complied with their obligations under the subpoenas issued by the SEC in September 2016 and December 2017, which the Company previously disclosed in its public filings, and otherwise cooperated with the investigation. We find it unfortunate that the Commission chose to file a complaint against Mr. Ladd without first affording him the opportunity to formally address its allegations.\"\n\nMr. Holmes concluded, \"The Company was not named as a defendant in the SEC complaint and we would like to assure investors that the operations and activities of the Company are not affected by the SEC action.\"\n\nAbout MGT Capital Investments, Inc.\n\nOperating in facilities in northern Sweden and Washington State, MGT Capital Investments, Inc. (OTCQB: MGTI) ranks as one of the largest U.S. based Bitcoin miners. MGT owns and operates approximately 6,800 Bitmain S9 miners, and 50 GPU-based Ethereum mining rigs. Further, the Company continues to execute on an expansion model to secure low cost power and grow its crypto assets materially. \n\nFor more information on the Company, please visit: https://mgtci.com\n\n\n\nForward–looking Statements \n\nThis press release contains forward–looking statements. The words or phrases \"would be,\" \"will allow,\" \"intends to,\" \"will likely result,\" \"a...