Megola Inc (MGON)

[stervc]

Spooch07, to answer that MGON question...

I had previously confirmed from the previous CEO by email a little while ago that something positive to turn things around was coming into the company. She would not tell me what and who, but she did tell me that she had turned the company over to new management and that they would be updating the company's financials and providing updates with what's going on. I was not able to get a time frame out of her. Her name was Magaly Bianchini.

At one time a while back, there was a huge Marijuana company that was coming into MGON, but something happened and things changed. Just on some initial thoughts learned of such, MGON had ran quickly from the low .00s to over a penny in a heartbeat.

The Authorized Shares (AS) is 200,000,000 shares which can be confirmed from below:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=wMbfNq7qXWEUKRQDUFhiEQ%253d%253d&nt7=0

Since their fees are really not much, I believe in time, their status will be updated within the NV SOS since the previous CEO said that all of their filings will be updated by the new management. Their Outstanding Shares (OS) was last reported to have been close to being maxed out. Important to note, the OS doesn’t matter for control purposes because whoever controls the Series C Preferred Shares, controls the majority votes for controlling MGON as confirmed from an earlier filing below:

Series C Preferred Shares = 680,000,000 Votes

http://www.otcmarkets.com/financialReportViewer?symbol=MGON&id=130668

v/r
Sterling