On Tuesday, Shares of Facebook Inc (NASDAQ:FB), subtract -1.04% and closed at $128.88 in the last trading session. The last trading range of the stock ranges between $128.23 and $130.64. The company’s Market capitalization is $373.69 Billion with the total Outstanding Shares of 2.32 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $89.37 and reached to max level of $131.98. Facebook, Inc. (FB) declared recently that the company’s third quarter 2016 financial results will be released after market close on Wednesday, November 2, 2016.
Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at 404.537.3406 or 855.859.2056, Conference ID: 88580395.
MGT Capital Investments Inc. (NYSEMKT:MGT), jumped 39.66% and closed at $2.50 in the last trading session. The last trading range of the stock ranges between $1.64 and $2.57. The company’s Market capitalization is $77.66 million with the total Outstanding Shares of 25.86 million. During the 52-week trading session the minimum price at which share price traded, registered at $0.15 and reached to max level of $5.58. MGT Capital Investments, Inc. (NYSE MKT: MGT), updated shareholders recently on its pending acquisition of D-Vasive and Demonsaw. As formerly revealed on September 20, 2016, the NYSE MKT informed the Company that it would not approve for listing on the Exchange the 43.8 million shares required to be issued to complete the closing of the D-Vasive merger. Since that time, the Company has had negotiations and negotiations with all parties involved, in an effort to reach a revised agreement on acceptable terms.
Specifically, the Company plans to terminate the current Asset Purchase Agreement with D-Vasive. However, the Company has reached tentative agreements with John McAfee and Eric Anderson to execute employment agreements as Chief Executive Officer and Chief Technology Officer, respectively. In addition, the Company has reached a tentative agreement to exclusively license or acquire the Demonsaw source code and technology platform from D-Vasive. MGT believes that such a revised deal structure would be acceptable under NYSE MKT rules.
To further clarify, MGT’s acquisition and commercialization plans of both the Sentinel technology, a network intrusion detector, and the E-Tagged technology, a mobile device tracking platform, remain in place as formerly disclose. In addition, the Company’s bitcoin mining operations are also fully owned and operated by MGT.