Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
May 16 2016 - 6:07PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
(Check
one):
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[ ]
Form 10-K
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[ ]
Form 20-F
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[ ]
Form 11-K
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[X]
Form 10-Q
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[ ]
Form 10-D
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[ ]
Form N-SAR
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[ ]
Form N-CSR
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For
Period Ended: March 31, 2016
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[ ]
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Transition
Report on Form 10-K
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[ ]
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Transition
Report on Form 20-F
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[ ]
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Transition
Report on Form 11-K
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[ ]
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Transition
Report on Form 10-Q
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[ ]
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Transition
Report on Form N-SAR
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For
the Transition Period Ended:
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Read
Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing
in this form shall be construed to imply that the Commission has verified any information contained herein.
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If
the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART
I — REGISTRANT INFORMATION
MGT
Capital Investments, Inc.
Full
Name of Registrant
Former
Name if Applicable
Address
of Principal Executive Office
(Street and Number)
500
Mamaroneck Avenue, Suite 320
Harrison,
NY 10528
PART
II — RULES 12b-25(b) AND (c)
If
the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if appropriate)
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(a)
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The
reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
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[X]
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(b)
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The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR,
or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be
filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The
accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART
III — NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
MGT
Capital Investments Inc. (the “Company”) was unable to file its Annual Report on Form 10-Q for the fiscal quarter
ended March 31, 2016 on a timely basis because the Company requires additional time to work with its auditors and legal counsel
to prepare and finalize the Form 10-Q. The Company anticipates that it will file the Form 10-Q no later than the fifth calendar
day following the prescribed filing date.
PART
IV — OTHER INFORMATION
(1)
Name and telephone number of person to contact in regard to this notification
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Robert
Ladd
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914
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630-7430
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(Name)
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(Area
Code)
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(Telephone
Number)
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(2)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file
such report(s) been filed ? If answer is no, identify report(s).
Yes
[X] No [ ]
(3)
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the subject report or portion thereof?
Yes
[X] No [ ]
If
so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
As
previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on September 10, 2015,
the Registrant sold all the assets of the DraftDay.com business (the “DraftDay Business”) on September 8, 2015. Accordingly,
the DraftDay Business will be classified as a discontinued operation on the Form 10-Q for the quarter ended March 31, 2016.
For
the corresponding period in 2015, the Registrant will include an explanatory footnote and table that reclassify fiscal year 2015
financial results with the discontinued operation reported in a separate line item as if the sale had occurred on January 1, 2015.
Except as described in the preceding sentence, the Company anticipates no changes to the reported consolidated audited results
for fiscal quarter 2015.
MGT
CAPITAL INVESTMENTS, INC.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
May 16, 2016
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By:
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/s/
Robert B. Ladd
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Robert
b. Ladd
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President
and Chief Executive Officer
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