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So that's your angle, cause Steal says so?
First of off who cares if the dude is involved or not, irrelevant as Officers and Directors control companies last time I checked.
Think will stick with the trusted audited fiancials and those listed as corporate officers with NV state .
Don't be a fool. Joel Gardner is still running this MGON scam in the back end. And there are a number of very shady individuals involved. stealofadeal was absolutely correct in his warnings. This is dirty!!!!
Hard to get LLC info BUT IF you go way back to MGON 2003-2012 joel Gardner was CEO.
IN 2009/10 MGON bought fire blends for $1,900,000 usd from Newstar in Indonesia
SO fast forward, maybe the dude is owed money still from megola for fire? hence in financials as a coupon and maybe his portion of PFD D get returned like the other 25,000 shares ?
ANYHOW, MGON going in one direction, get on the train
The shares I quoted were not cancelled. This stock is dirty. It is apparent, as is the misinformation.
Cheers for this ITYS, can't wait to see their finalized website and read on all their products. Looks as though they only have a fraction listed on what they are actually working on. Loved reading the Bio of Dr. Williams too. Makes me laugh when these people think this company is a scam with the team's background. Looks to me like all of these people want all of their lifelong achievements and careers to go down with the company *Immense Sarcasm*
WELL so far they ONLY list Medesol acquired blends on web site...gotta hit upper tab and see scroll list...HOWEVER, these products are huge IMO
fire and sio2 are the OTHER platforms
https://www.breakthroughchemistry.com/products
HERES THE MGON TEAM...all that matters IMO...pretty solid group
https://www.breakthroughchemistry.com/team
You're assuming that they are going to look any further beyond the immediate "OMG He owns things!". Some folks just see the basics and they don't delve into it. Some don't fully understand what a buyout is.
Additionally, Shoondale, Joel only had say in some aspects of GS Capital Blends LLC. I don't believe they are even utilizing that portion of the company anymore but I could be wrong in this as I myself haven't done much research into the GS Capital blends.
Yes, good call reading the financials from over a year ago and not checking how many of his shares were canceled in this same report.
Looks like they could be bought out of Pfd D with 500k, notice the words "lock up"
PLUS seems like several more "owners" in GSCB then the managing partners?
AGAIN, not sure what it is that you are trying to point out with MGON ownerships. Medesol Global also owns 50,000 PFD d for their acquisition technologies and by MANAGEMENT TEAM, have several involved in MGON
The company has 6 contacts on record. The contacts are Jlg Holdings Inc. from Sarnia ON, Rodney F Nettles from Naples FL, Porter Investments LLC from Fort Lauderdale FL, Renco Investments LLC from Fort Myers FL, Mark F Suchy from Bonita Springs FL, and T Jurulle Construction from Naples FL.
NOTE 5 – ASSET ACQUISITIONS and INTANGIBLE ASSETS Intellectual Property and Technology from GS Capital Blends LLC On March 28, 2022, Megola announced that it had entered into a letter of intent with GS Capital Blends LLC, a company with officers, directors and shareholders in common, regarding the Purchase and License of Intellectual Property, Product Lines, Manufacturing and Other Specified Assets of GS Capital Blends LLC. On May 24, 2022, we issued a total of 75,000 Series D Preferred shares (the “Acquisition shares”), par value $10 per share in respect to the aforementioned agreement. We valued the transaction at cost on the acquisition date and capitalized the intellectual property as intangible assets. Subsequently we entered into an amendment to the original agreement (the “Amendment”) reducing the number of acquisition shares to 50,000, extending the terms of a lock-up provision (the “Lock-up”) with respect to the conversion of the Acquisition shares to December 31, 2024, and granting GS Capital Blends a coupon of 5% on the par value of the Acquisition shares, or $500,000 through termination of the Lock-up. Under the terms of the Amendment, the 25,000 shares of Series D Preferred stock were deemed canceled and returned to treasury retroactive to the original agreement date, or May 24, 2022. We valued the transaction at cost on the acquisition date and capitalized $500,000 as intangible assets.
You notice this is 1) from over a year ago and 2) that he is also listed in there as his 19.5 million shares are deemed "Canceled"
Maybe some people have the difficulty of selective information and misinformation. Want me to keep digging?
MGON NOW HAS AUDITED financials, not sure of what you are exactly trying to figure out.
PREFERRED CLASSES all have conversion restrictions
MGON has ACQUIRED several technologies with Preferred stock
END of DAY, NEW MANAGEMENT CONTROLS THIS COMPANY so rest is moot
WHAT point are you trying to bring up? Preferred ownership? Management? OR MERELY posting information form audits?
Audited, NOT sure why preferred shares or their ownerships are even a discussion as the classes ALSO have conversion restrictions.
IF you want to play STEAL games you can see how that plays out, intelligence prevails
OLD Preferred A.B.C obviously reversed long ago BUT in financials even IF 1 share is still technically issued it HAS TO BE RECORDED in financials
Common: 269,876,881
Series A Preferred: 68
Series B Preferred: 6
Series C Preferred: 8
Special 2018 Series A Preferred: 1
Series D Preferred: 100,000
Series E Preferred: 0
Series F Preferred: 0
Series G Preferred: 0
I'm assuming new site and business direction will be PRd shortly. Site is up but not officially, it appears.
Maybe just being a newbie here your not up to snuff in regards of NEW MANAGEMENT cleaning up MGON
Check out the liabilities
EVERY expense has BEEN Out of their pockets
YOUR insulting your own intelligence, be painted with a STEAL brush
Looks like they own 4 shares of one class and 3 shares of another...LMFAO
FYI, in POSTED financials those OLD PREFERRED CLASSES were wiped out with 2018 custodianship
And we're talking about tremendous range of product and sectors for a WORLD-WIDE market here....DOLLAR$$$$...Gardiner and his management team is NOT here for anything less...Legacy too, for half the team are not young anymore.....starting to see, smell, taste, hear and touch the forest trees 😉...buyout?....GLTUA 🫡
Gravy train spends more on sales as an operating expense, more than 50% more, than actual sales.
https://www.otcmarkets.com/stock/MGON/financials
The golden goose.... here is just one example of what we are sitting on here.
While the website is still under construction, we can now begin to understand the ($$$) market potential is here.
Breakthrough Chemistry Odor Eliminating Clothing Fabric Spray Coating
SALES TO CONSUMER OR TRADE:
Both
FORM OF PRODUCT:
Biodegradable buoyant particles
DESCRIPTION
Applied to fabric in the mill
Applied to fabric in finished form
Applied to the fabric by consumers after purchase
COMPETITIVE POSITIONING:
Hosiery and underwear nondurable coating treatment
PATENT OR KNOW HOW (OR BOTH)
Both
LEAD SCIENTIST
Jeffrey F. Williams, Ph.D.
Lori I. Robins, Ph.D.
SCIENTIFIC INNOVATION
Porta Potty technology is stuck in the stone age with toxic additives added to the collection basin, such as formaldehyde, and the stench of these units is notorious. Widely used additives are clearly ineffective.
Our odor-killing technology is applied in a coating for floating biodegradable lignin particles 1 kg is be enough for 7 days of odor control. All the pernicious gases waft up through the layer of floating granules. That kills the odor. The granules are fully biodegradable. A truck with a vacuum sucks the granules into its holding compartment and drives it away.
MARKET
Global
PRO-SOCIAL BENEFIT
Published report on latrine odor compounds has demonstrated efficacy of active Cl atoms in neutralization of the most important malodors (Cite Lori paper on latrine odor control). Some field experience of serial use in a permanent PortaPotty installation provided evidence of reliable effectiveness in odor control.
COMPETITORS
None
STATUS OF TESTING
Published report on latrine odor compounds has demonstrated efficacy of active Cl atoms in neutralization of the most important malodors (Cite Lori paper on latrine odor control). Some field experience of serial use in a permanent PortaPotty installation provided evidence of reliable effectiveness in odor control.
READINESS TO GO TO MARKET
Granule modification process has proven scalable and the corn cob pith particles are readily available as a waste stream by product of corn processing. Other biodegradable particles in natural product waste streams can probably be substituted for cob pith, depending on local availabilities.
FAQ 1
Food packaging companies are looking for waterbased products to use for protection of packaging surfaces. Many packaging techs are recycled paper which of course absorbs water. Water absorption is determined by “Cobb Testing” The amount of water absorbed over a given period. SiO2 has a product that may be a “carrier” for the MC technology.
Joel Gardner Owner more than 5% Corunna, Ontario
Canada
1
4*
Series B
Preferred
Stock
Series A
Preferred
Stock
16.67%
5.9%
Series B Preferred
Stock carries no
voting rights
Each 1 share of
Series A Preferred
stock may cast 100
votes.
*All shares held
directly save 3 shares
of Series A Preferred
Stock which are held
jointly as to Joel
Gardner and Leasa
Gardner
https://www.otcmarkets.com/otcapi/company/financial-report/376611/content
This is crazy for an OTC stock at this price level against the OS count.
After reviewing the website, I believe I now have a better understanding why management has been so quiet. In other words, they have their head down and are focused on building this company.
https://www.breakthroughchemistry.com/jeff-williams
A stand out in his bio when you compare it against the trademark details is more than telling.
Example Williams Bio:
Holder of over 30 patents covering water treatment, disease control, odor control
If you haven't read his Bio, I would strongly suggest everyone here to do so.
Thats a LOT of business ventures:
Trademark ID:
Based on Megola, Inc., the BREAKTHROUGH CHEMISTRY trademark will be used in the following business: Agricultural chemicals, except fungicides, herbicides, insecticides and parasiticides; Chemical additives for use in the manufacture of cosmetics; Chemical additives for use in the manufacture of food; Chemical additives for use in the manufacture of pharmaceuticals; Chemical additives for use in the manufacture of food, pharmaceuticals, cosmetics, disinfectant; Chemical food preservatives; Chemical preparations for scientific purposes, other than for medical or veterinary use; Chemical sealants used for buildings which penetrate through walls, floors and ceilings for fire prevention; Chemical preparations for the manufacture of paints; Chemical preparations for use in the manufacture of paints; Chemicals for the manufacture of paints; Chemicals for use in agriculture, except fungicides, herbicides, insecticides and parasiticides; Chemicals for use in agriculture, horticulture and forestry except fungicides, herbicides, insecticides and parasiticides; Chemicals for use in industry and science; Fire extinguishing and fire prevention compositions; Fire retardant chemicals; Seed treatment chemicals for agricultural use .
There is no R&D budget and revenues are falling.
https://www.otcmarkets.com/stock/MGON/financials
Whatever works. Gear it up for a run.
They want eventual dollarzzzz ...plural dollars pps...could see eventual buyout?...huge $$ sectors here...diapers alone can take this to a couple bucks...am wondering what the price will be in 2027, 2030?...GLTUA here 🤔
Another 10k @ .0049, then .005, somebody clear big lot of .0049, we should be at .01 soon, this is a good stock,
If we get huge news will not take much to get to a $1.00
GO $ MGON
Bill
Looking at the space odyssey trailer and the rest...dollars imho...looking forward to the website completion...something without question is happening...GLTUA
This management wants dollar$ PPS here IMHO.....worldwide product$ usage...GLTUA 😉👍️
Fantastic DD, great job and thank you...as usual patiently waiting and GLTUA ..This could be the big one...$$ 🫡
Interesting development.
https://www.breakthroughchemistry.com/media
Wow, Jeff Williams has much more to him than I thought. I haven't verified the validity behind these articles, but there are huge things happening behind the scenes... Thank you for finding this, ITYS. Incredible work on your end!
JV,...So I googled Breathrough Chemistry and see that Megola filed a trademark
THEN I googled breakthroughchemistry.com to see if they have web domain…well well
Sh%$$% happening , site still in progress but looks like changes are coming??😊
https://www.trademarkelite.com/trademark/trademark-detail/98446860/BREAKTHROUGH-CHEMISTRY
site tabs are VERY interesting BUT NOT COMPLETED... site not live per se
https://www.breakthroughchemistry.com/team
https://www.breakthroughchemistry.com/media
Goondale has come.
Looks as though you're still just throwing a tantrum at ITYS. Would love to see any valid evidence behind your baseless claims. Without it, you're not keeping anyone away. Smart investors know to do their own DD on stuff like this before investing. That's why ITYS has so much information and evidence behind his very valid claims on both boards.
$MGON's share structure is very idealistic, especially for an OTC stock. There is no dilution that has ever been done nor will ever be done IMO. And you keep stating very wrong incorrect information. You still think Joel Gardner owns anything in the company when there's absolutely 0 evidence of this and the board a the time bought him out of all of his shares.
Just because ITYS is honest and tries to protect people with evidence on scam stocks like $GEVI doesn't mean you should come here and spread misinformation because you yourself are so heavily tied to the delusion that it's not.
WELL management has paid for 3 year audits, recently revamped web site with Breakthrough Chemistry 3 platforms, took time to update TEAM photo's, had a recent article in a national journal regarding SAPs (diapers)
SO SURELY SOMETHING COMING DOWN THE PIPELINE
EVEN morons could figure this out, be a STEAL at this entry pps
Love that, Patient and intelligent...not a modern trait any longer for so many haha...No guarantees now, but I like our chances with this management and product...Still patiently waiting for the finish line...GLTUA ☝️🙂🏁
KEY is to have something REAL behind an OTC company.. not a P n D which majority hope for in pinkyland , so those that are patient/Intelligent and do their DD will benefit and be able to take real gains without panic IMO
REAL inventors behind their products
https://megolacorp.com/
$MGON VERY WEAK BID SUPPORT. Trip .0002 3 market makers down. It’s coming 100 percent.
$MGON THIS TURD DOES ZERO VOLUME. Run fast it’s a total scam with nothing but an empty shell.
I’ve come to believe most are very lonely and sad peeps.
Mgon
You don’t actually think you’re posting to someone with any legitimacy or ethics??????
MGON has a shot at this. We have a shot at another run. Whether scam or not, prevalent in OTC. Look at SIRC. Ran to $4 and now sits at .0003 because it was a scam. But but runs still happen. I say let them work out the business side and we can see if it's going to be valid. If not, doesn't mean it still can't run. I'm green so any dips and I get more.
WELL, anytime I see management digging into their own wallets first to bring company current and actually get 3 years of financials audited, I think management is very solid and that is what will make this stock successful eventually IMO.
THEY cleaned up debt, have restrictions on preferred conversions in future so to me that seems like an honest beginning.
They have acquired what I believe is massive opportunities but will take time and money and I believe they are on track to do something very soon.
IF there are board people that scare you off then sobeit, i place my merits on management and company financials only.
You do realize Joel Gardiner is no longer with the company and his shares were bought out? Steal is merely posting the same thing over and over again with no proof of Joel somehow seizing his old shares back from the company. 3 years of audits completed recently and the SEC hasn't come knocking. It's now known, through the recent audits, who owns what.
Furthermore, just to disparage the company a little more, he posted a link to a lawsuit MGON had back in 2011... So far that is the only evidence that I've seen in any of his attempts to solidify his misinformation campaign. Since 2011, MGON has undergone an entire new board of directors and new officers in the company. IIRC.
Steal, doesn't the SEC frown upon corporate officers posting on the internet and pumping up their own stock?
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