Megola Inc (MGON)

[Techroemancer]

He's been quiet all day. Wonder where all that negativity went 🤔

[One11]

10k volume and up 33%
Haha.. there's literally no point in analyzing this at all until there's actual volume and liquidity. This stock has always behaved this way. Either drastically up or drastically down on low volume because of the low float. No matter what the clown says, this will do what it does when it does it.

[One11]

A sense of hopelessness.. like our friendly neighborhood goonsnail.

[lager]

Good question. It was random. Makes you wonder why.

[Maplelakester]

Games - but what do they hope to accomplish with that spread?

[lager]

It was INTL. They're now back at Bid .0002/ Ask .0135.

[One11]

Which mm are you talking about? I didn't look today..

[lager]

Also odd for it to be that MM. They haven't been on the ask all this time then suddenly there they are. It's been NITE and CDEL controlling the B/A.

Something is up. Seems out of sorts.

[I ll be back]

Experience tells me otherwise.

Or someone who bought at .002 has decided to dump and move on.

Anyone sitting on this at 002, knows this stock has no volume and would never be able to support dumping 5M shares. I've had this stock up on my L2 screen for the past two years, along with a number of other stocks. This is the first time I've seen a ask of this size. It reminds me of when you see someone trying to either hold the stock down or make anyone with any share volume dump their shares at a lower value.

I wouldn't be surprised to see this ask disappear shortly.

[One11]

The only common sense you have is the .50 cents you get per hour.

[shoondale]

The market makers want to dump this POS before the Regulation A kicks in is a very feasible strategy.

[dude010101]

Or someone who bought at .002 has decided to dump and move on.

[I ll be back]

Never seen this before. Ask at 5M!

Nice wall set up there at $0.0070. Someone is going to regret selling them there.

Considering the 10-day average volume is slightly above 100,000, the attempt to sell 5 million shares is indeed noteworthy. It appears to be an effort to depress the stock price.

[Techroemancer]

Irrelevant and also no.

[shoondale]

Is Kurt Kramer on speed-dial if no one falls for it?

"Also, shares for the 1-A are starting at .025"

[Techroemancer]

It'll make them much taller. LOL

After I completely destroyed you in MWWC board, now you're back over here spamming one-liners cause you are running out of material? I'm talking new material, not the material you've been spamming over and over again the last 3 months. At this point, I don't have to even really do much. You're doing a good enough job on your own ruining any credibility you may have once had.

[Techroemancer]

There were none prior to this new management team. You're running out of material and it shows lol.

Also, shares for the 1-A are starting at .025. Company outlined several scenarios of what will happen to share price of existing shares based on x amount they are able to trade. Literally in the 1-A itself if you ever did any of your own DD.

[shoondale]

What happened to the old contracts?...Inventory can't move.

[shoondale]

Wait until the Regulation A kicks in.

[shoondale]

What will the Regulation A do to walls?

"Nice wall set up there at $0.0070. Someone is going to regret selling them there."

[Techroemancer]

Seems to me MGON is doing great. Especially with sales contracts attached and the verbiage at the end of your spam posting. Management willing to contribute from their own pockets speaks volumes about how much they believe in the company!

Management’s plans for the continuation of the Company as a going concern includes successful operation of its recently acquired assets in order to attain profitable operations, the development of a commercially viable business, and financing of the Company’s operations through sale of its common stock, as well as shareholder and management advances until such time as it has established profitable operations.

Liquidnano, Inc.
On March 19, 2023, the Company entered into an Exclusive Global Supply Agreement with Liquidnano, Inc. an industry leader in Liquid Glass Screen Protection for mobile devices. These wipe-on products provide scratch, shatter, and impact resistance to all types of handheld device screens. Under the terms of the agreement, Liquidnano, Inc. (the “Distributor”) must purchase at least $725,000 USD of Product during the first twelve (12) months following execution of the Agreement, $1,495,000 USD of Product within months thirteen (13) to twenty-four (24), and $2,810,000 within months twenty-five (25) to thirty-six (36), where month one (1) starts on the first day of the calendar month immediately following the Effective Date. Volume targets beyond that will be mutually agreed upon but shall be at least $2,810,000 USD per year. If the volume target is missed, the agreement will become nonexclusive unless at least 75% of the annual minimum is achieved, in which case the exclusivity is not revoked. However, the shortfall must be made up the following year or the Agreement becomes non-exclusive.

STAT Sanitizing LLC
On August 22, 2023, the Company entered into an exclusive supply and distribution agreement with STAT Sanitizing LLC (“STAT”) whereby the Company granted STAT the exclusive rights to market and sell certain Megola products within the Territory defined as the US market for remediation services. The agreement has a term of 24 months, renewal for consecutive 12-month periods subject to STAT meeting certain minimum purchase commitments. STAT must purchase at least $500,000 USD of product during the first 12 months from August 22, 2023 and $1,000,000USD of product during the second 12 months. Should the volume targets not be met the agreement will become non-exclusive for the remaining term of the agreement. Any sales by the Company in the Territory or by STAT outside of the Territory, the Company will pay STAT a commission fee of 10% of all such sales and the sales will be included in the minimum purchase commitments. The product included in the agreement is MedeSol Cleaner Deodorizer.

[dude010101]

That is a huge ask by 4885000 shares. Without much activity, I am not sure if there are any takers for it right now. This could come down a bit more.

[shoondale]

"The Company has $4,576 cash on hand, product inventory valued at $137,851 and prepaid expenses of $1,017 for total current assets of $143,144 and current liabilities of $381,121 on December 31, 2023, and we have incurred operating losses to date. While sales have commenced with respect to acquired inventory and product licenses, funds generated from these sales were not sufficient to pay debt and fund ongoing operations. We have limited cash on hand. The Company expects that as it expands its planned scope of business and works to increase revenues, it will continue to incur operating losses. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s operations have been funded to date by management and shareholders, save for the acquisition costs to purchase certain assets, licensing and intellectual property rights which were partially funded from the sales of acquired product inventory and through the issuance of shares of the Company’s preferred stock. The Company expects this funding to continue until such time as it can acquire a profitable operating business or undertake a financing. There can be no assurance that the Company will continue to receive this funding from management or shareholders, will be able to generate sufficient revenue from sales of products or that the funding received or generated will be sufficient to pay for its ongoing operations. Management’s plans for the continuation of the Company as a going concern includes successful operation of its recently acquired assets in order to attain profitable operations, the development of a commercially viable business, and financing of the Company’s operations through sale of its common stock, as well as shareholder and management advances until such time as it has established profitable operations."

https://www.otcmarkets.com/otcapi/company/financial-report/392649/content

[FurryBrickBuilt]

Nice wall set up there at $0.0070. Someone is going to regret selling them there.

[shoondale]

Ignore common sense. LOL

[lager]

Just ignore em. They aren't even genuine bashers. They're just spammers with nothing to do.

[One11]

Haha.. you shouldn't use AI to write your jokes. It's great having you around, though. It will be really funny when you are cheering this on bragging about how you have 8 million shares..

[lager]

Yes, looking good. Ready for the next leg up.

[MC10459]

RSI has reset. Look for a bounce.

[andebais]

LMAO!

[shoondale]

Before you, and your family start your daily whining; the aid is calling. Time for the morning Maalox and Miralax. Then a quick peek to see if the Regulation A kicked in.

[One11]

Before you and yourself, Squeal for a meal start your minimum wage job this morning, don't forget the dry cleaning. Also, I know you failed your driver's test, don't be too bummed you can take it again. Don't forget to charge up the electric scooter as well, you'll have to use your razr for now. Have a fun day! Your peanut butter sandwich and potato chips are in your backpack along with a Capri Sun.

[lager]

🤣

[One11]

You have no clue of how this works. It moves in either direction very quickly. A small sell or buy could move it up or down drastically. Very tightly held, low float. Soon you will be chasing and crying, guaranteed. Now get back to work!

[Techroemancer]

Even at .006, most of us are still likely around the 150-200% gain mark lol. Imagine if you got stuck in a stock that was at .0001-.0003 for months on end. Actually, yours did hit .0004 but that's the highest it's been in such a long time.

Glad I'm bearish Shoon as my new stock strategy. Pays out.

[Techroemancer]

That's not what happened at all. But while we are on the subject of you being hypocritical, why is your chart longer and holds higher dollar amounts when looking at the max history of it? I know the answer for both stocks but I know you don't haha. Weird that you'd slam this company with uneducated assumptions when yours looks far worse on that same view. Hypocrisy. Con artist.

[shoondale]

High bid is down to .006...Immediate 25% loss. wtf are you talking about.

MGON
Megola, Inc.
Common Stock
0.008
-0.00254

-24.10%

0.006 / 0.008 (1 x 1)
Real-Time Best Bid & Ask: 01:04pm 07/24/2024
Delayed (15 Min) Trade Data: 01:04pm 07/24/2024

https://www.otcmarkets.com/stock/MGON/quote

[shoondale]

Pipedream sold to suckers...20_years of return to drawing board.

[lager]

Bid is strong under a penny. They're just trying to get more shares. Imagine it will close up again today through Friday.

[Techroemancer]

Seems to me MGON is doing great. Especially with sales contracts attached and the verbiage at the end of your spam posting. Management willing to contribute from their own pockets speaks volumes about how much they believe in the company!

Management’s plans for the continuation of the Company as a going concern includes successful operation of its recently acquired assets in order to attain profitable operations, the development of a commercially viable business, and financing of the Company’s operations through sale of its common stock, as well as shareholder and management advances until such time as it has established profitable operations.

Liquidnano, Inc.
On March 19, 2023, the Company entered into an Exclusive Global Supply Agreement with Liquidnano, Inc. an industry leader in Liquid Glass Screen Protection for mobile devices. These wipe-on products provide scratch, shatter, and impact resistance to all types of handheld device screens. Under the terms of the agreement, Liquidnano, Inc. (the “Distributor”) must purchase at least $725,000 USD of Product during the first twelve (12) months following execution of the Agreement, $1,495,000 USD of Product within months thirteen (13) to twenty-four (24), and $2,810,000 within months twenty-five (25) to thirty-six (36), where month one (1) starts on the first day of the calendar month immediately following the Effective Date. Volume targets beyond that will be mutually agreed upon but shall be at least $2,810,000 USD per year. If the volume target is missed, the agreement will become nonexclusive unless at least 75% of the annual minimum is achieved, in which case the exclusivity is not revoked. However, the shortfall must be made up the following year or the Agreement becomes non-exclusive.

STAT Sanitizing LLC
On August 22, 2023, the Company entered into an exclusive supply and distribution agreement with STAT Sanitizing LLC (“STAT”) whereby the Company granted STAT the exclusive rights to market and sell certain Megola products within the Territory defined as the US market for remediation services. The agreement has a term of 24 months, renewal for consecutive 12-month periods subject to STAT meeting certain minimum purchase commitments. STAT must purchase at least $500,000 USD of product during the first 12 months from August 22, 2023 and $1,000,000USD of product during the second 12 months. Should the volume targets not be met the agreement will become non-exclusive for the remaining term of the agreement. Any sales by the Company in the Territory or by STAT outside of the Territory, the Company will pay STAT a commission fee of 10% of all such sales and the sales will be included in the minimum purchase commitments. The product included in the agreement is MedeSol Cleaner Deodorizer.

[Techroemancer]

This is true lol. I've got a good amount of money to drop still to pick up more shares. I just want to see how low it can go before I submit the bid.

[Techroemancer]

2 Multi-million dollar deals say otherwise. Plus, with this 1-A, I HIGHLY doubt it'll go into trips like the scam that Shoon supports.

1-A positive dilution below since you lack the ability to do even the most basic DD.

General Proposed Use of Funds:

This offering is a pivotal step in our strategic plan, designed to enhance various facets of our business.
We plan to allocate funds into each of the categories listed below.

Product Development:

We plan to invest $1,100,000 in product development. These funds will be used for rigorous product testing to ensuring that each our products not only meets but exceeds industry standards in terms of quality and efficacy. Our commitment to product testing is intended to differentiate us in a competitive market.

Regulatory Registrations:

We plan to invest $920,000 in regulatory registrations. These funds will be used to meet compliance and safety requirements and continue to build trust with our customers and stakeholders.

Manufacturing Scale-Up:

We plan to invest $300,000 to scale our manufacturing capabilities. These funds will be used in conjunction with contract manufacturers to build manufacturing capacity to meet projected market demand. We plan to not only scale our ability to produce more products, but also our ability to produce higher quality products.

Build-out of Lab Facilities:

We plan to invest $250,000 in the development of lab facilities. These funds will be used to further our R&D efforts and pave the way for new products.

Intellectual Property Protection:

We plan to invest $300,000 in intellectual property protection. These funds will be used to protect our broad portfolio with global potential to sustain a competitive edge in the market.

Marketing:

We plan to invest $930,000 in marketing. These funds will be used to effectively communicate our value proposition to our target audiences. Our comprehensive marketing plan will encompass digital marketing, participation in industry events, and the development of strategic partnerships, all aimed at building brand awareness and establishing a strong market presence.

Human Resources:

We plan to invest $1,500,000 in human resources. These funds will be used for wages and consulting fees. By attracting and retaining top talent, we aim to ensure that our company will be powered by skilled professionals who are not only experts in their respective fields but are also aligned with our vision and goals.

Corporate Expenses:

We plan to invest $700,000 in corporate expenses such as business insurance, legal, travel, and accounting. These funds ensure that we have the necessary safeguards and resources in place to manage our day-to-day operations effectively and maintain financial discipline.

Share Buy-Backs:

We plan to deploy 30% of the offering proceeds ($3,000,000) to buy back some of our Series D Preferred shares. These shares will be bought back at a 50% discount to the offering price, resulting in a price of $0.0125 per common share equivalent. We expect this investment will illustrate our commitment to minimizing dilution and delivering value to our shareholders.

Working Capital:

We plan to invest $1,000,000 in working capital. These funds will be used to optimize our cash flow through inventory builds and managing short-term liabilities and receivables.

Objectives Targeted:

The strategic deployment of these funds is a comprehensive approach aimed at enhancing every aspect of our business – from product development to market penetration, operational efficiency to financial stability. This holistic strategy is crucial in positioning our company as a leader in our field, driving sustainable growth, and achieving long-term success in the marketplace.

[Maplelakester]

Seems that there are efforts to manipulate MGON down, but it’s still held so tightly that no significant volume can be leveraged to add credibility. Not to mention there’s plenty of strong hands more than willing to snap up these undervalued “sells”.

With what’s in the pipeline here If anyone wants in at this point in any sort of a significant way they are going to have to pay up.

[JV44]

At the moment am not concerned about any of that here in this one ...GLTUA

[dude010101]

It breached the penny support. Is .01 a resistance now?

[shoondale]

"The Company has $4,576 cash on hand, product inventory valued at $137,851 and prepaid expenses of $1,017 for total current assets of $143,144 and current liabilities of $381,121 on December 31, 2023, and we have incurred operating losses to date. While sales have commenced with respect to acquired inventory and product licenses, funds generated from these sales were not sufficient to pay debt and fund ongoing operations. We have limited cash on hand. The Company expects that as it expands its planned scope of business and works to increase revenues, it will continue to incur operating losses. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s operations have been funded to date by management and shareholders, save for the acquisition costs to purchase certain assets, licensing and intellectual property rights which were partially funded from the sales of acquired product inventory and through the issuance of shares of the Company’s preferred stock. The Company expects this funding to continue until such time as it can acquire a profitable operating business or undertake a financing. There can be no assurance that the Company will continue to receive this funding from management or shareholders, will be able to generate sufficient revenue from sales of products or that the funding received or generated will be sufficient to pay for its ongoing operations. Management’s plans for the continuation of the Company as a going concern includes successful operation of its recently acquired assets in order to attain profitable operations, the development of a commercially viable business, and financing of the Company’s operations through sale of its common stock, as well as shareholder and management advances until such time as it has established profitable operations."

https://www.otcmarkets.com/otcapi/company/financial-report/392649/content

[stealofadeal]

$MGON Anyone want trips .000? Just wait. That is if you want them. Active Regulation A is a kiss of death here and the company is BROKE. Be careful many been stuck in this 4-5 years. SCAM

[One11]

The only dilution going on here is you pouring water into your mom's cheap vodka so she won't know that you're down in the basement drinking it all the time..

[lager]

These dips aren't bothering me. Anything at .01 or under is a gift.

[Techroemancer]

It's only adding 400MM shares to the very small 200MM share pool. 600MM outstanding shares are still wildly small in OTC land. Plus, with this 1-A. They are using $3MM of the funds to purchase shares at .0125 a share.

Level 2 info is looking nice too. How's GEVI doing with no volume bud? They canceled their "premium fire blend" and switched to insurance while they "evaluate things". What kind of "reputable" company does that? Well, we know what kind of pumper you are.

I sincerely hope it goes back down to .002-.003 a share to load up more. This company has so much going right now. Especially since they know what they are and they aren't going through what your company is going through. (Identity crisis)