Just when I wanted to warn shorts that MGT Capital (MGT) was inline for another pump, the stock is up over 40% on updated acquisition and listing news. About 3 weeks ago, the NYSE denied the acquisition of D-Vasive and the listing on the stock exchange. The stock sank down to $1.50 on the new, but MGT was still far above the prices before John McAfee became involved. The updated plan involves John McAfee officially joining as the CEO and a move to exclusively license the Demonsaw technology platform from D-Vasive. The news will save the company from issuing the 43.8 million shares required to purchase D-Vasive, but the press release is unclear how the licensing agreement will work. The company is reportedly still buy Sentinel and E-Tagged while moving forward with the bitcoin mining operations. So far, the bitcoin miner has mined a whopping 90 bitcoins valued at roughly $55K. Interesting, but nothing material typical of all the news events surrounding MGT. The stock is probably more interesting now without the issuance of 43.8 million shares to D-Vasive valued at over $110 million at current prices but only less than $20 million when the deal was made. Any future deals can use the higher currency of the stock to obtain better deals. Don't be surprised if another pump sends the stock back above $4 before the market is able to fully analyze whether the stock is worth owning. Disclosure: No position