Iroquois Capital Delivers Letter to MGT - WCAX.COM Local Vermont News, Weather and Sports-

Iroquois Capital Delivers Letter to MGT

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SOURCE Iroquois Capital Management, LLC

Expresses Serious Concerns with the Board's Recent, Reactive and Shareholder-Unfriendly Entrenchment Actions

States that the Market Currently Reflects the Lack of Confidence in Management's Ability to Unlock Value at MGT

Highlights the Substantial Dilution and Loss of Value Shareholders Have Suffered Under CEO Robert Ladd During the Past Three Years

Believes Change is Required to Ensure Appropriate Actions are Taken to Improve Execution, Drive Better Financial Performance, Reconstitute the Board and Create Value for All Shareholders

NEW YORK, Feb. 5, 2014 /PRNewswire/ -- Iroquois Capital Management, LLC (together with its affiliates, "Iroquois"), the largest unaffiliated shareholder of MGT Capital Investments, Inc. ("MGT" or the "Company") (NYSE:MGT) with beneficial ownership of approximately 9.99% of the outstanding common stock of the Company, today announced that it has delivered a letter to the Company's President and Chief Executive Officer, Robert Ladd, Treasurer and Chief Financial Officer, Robert Traversa, and the Company's Board of Directors.

The full text of the letter is available for viewing at the following link: http://tinyurl.com/Iroquois-Letter-to-MGT  

About Iroquois Capital Management, LLC

Iroquois Capital Management, LLC is a New York-based investment adviser that provides investment advisory services to Iroquois Master Fund Ltd., a privately pooled investment vehicle.

Investor contacts: 
Joshua Silverman, (212) 974-3070

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