MGT/TERA merger only bitcoin deriv trading platform

Discussion in 'Crypto Assets' started by DeltaSpread, Mar 4, 2015.

  1. Maybe I missed it but surprised to see no chatter in this forum. This is a pretty big deal. MGT doing a R/M with Tera Exchange to form the only bitcoin derivative trading platform. TERA making an impressive and quick move here strategy wise to get list on the NYSE.

    http://finance.yahoo.com/news/bitcoin-makes-way-major-exchange-173800276.html

    Current market cap of MGT only $8M. Would be interested in hearing from folks any kind of inputs or opinions.

    Here is the management team of TERA. Definitely have credentials.

    http://www.teraexchange.com/management.html

    When the news hit the stock nearly doubled. But looks like all the MGT old holders bailed that had been trapped in the stock. PPS then faded and consolidated a bit and now a big gap move today. Merger is supposed to take place in less than 2 weeks.