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.

    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.

    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.