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$MGON NO volume and only a matter of time and this is back down to .002-.003and with an active Regulation A this will hit TRIPS. The company is broke with less than 5,000.00 in the bank. HUGE SCAM and will likely need to reverse split to get rid of that Regulation A offering.
I very much doubt it IMO. I can tell you're new to stocks/OTC with that assumption though.
Wanna bet?
If you can't even manage to figure that out then I'm not even going to tell you. Educated investors know why. Hell, not just educated investors know... It's pretty basic knowledge.. I can tell you're not that though. Just a internet troll on a stock board that has 0 influence and less than 0 impact.
Remember that one time when MGON went up 300% in just 2 days and you were nowhere to be seen? You'll feel that embarrassment again soon lol.
They are diluting so they can do a share buyback. LOL. Makes sense.
They dilute to fight against dilution. That is so credible. Where do you people come up with utter bullshit like that?
Megooola! Corn goooodne$$....just always wanted to say that. Lol
Company has stated in the past that they do not plan for this. They are even reinvesting $3MM from the 1-A back into shares to show investors that they want to fight dilution of stock as much as possible. This one will climb without R/S needed IMO
Look up abuse of power while you are at it.
Honest auditor for the dilution. Auditor willing to play ball afterward?
That was the Auditor's words and why Megola went with a new auditor. Not the company's
I mean, you still can't understand that your points are completely irrelevant or invalid?
At the risk of showing my hand before the cards are all dealt, the nail in the coffin with me being in law and stating I'm saving all of what you 2 have been saying... Is that neither one of you have disclaimers on your posts/profiles. Making what you're saying as investment advice to those that miss profits. It allows me to conjure up a little business potentially.
"These factors raise substantial doubt about the Company’s ability to continue as a going concern."
"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."
And you still can't understand the moderator's manual?
And yes, I am a partner for a law office. Your point is?
Company was sued back in 2011. No relevancies here. Was entirely different management that's been gone for a long time.
2 multi million dollar contracts. But hasn't done anything?
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.
Again, you're a hypocrite. We actually have something to show. 1-A, audited financials, multi-million dollar sales contacts, a team of scientists, etc etc. You're literally pumping what you are proclaiming to be negative with MGON. MWWC X account has been quiet for over a year now. Only internet boiler room you have is 3 chatty twitter accounts that aren't doing anything except sitting at tables with drinks.
It's not a pump and dump though. Your argument is invalid because you can't cite where it's a pump and dump. And yes, I am a partner for a law office. Your point is?
Could have fooled me. It looks like you spend all day running an internet boiler room with utter bullshit from all appearances. Do I have that right? How do these pump and dumps work out for the bagholders each time? Screen shot this.
"The best part about this is that I work in law. I'm screenshotting and documenting what all is said and saving it."
Techroemancer
Member Level
Re: None
Tuesday, September 08, 2020 2:18:07 PM
Post# 25067 of 41250
After bagholding my shares since Dec 2018, it's nice to see more people in on this stock and watch the ride. Been an agonizing ride thus far, but it looks like all of our waiting will pay off!
I just need it to hit .02 a share to pay off the house (taxes considered) and $1 for my wife to quit her job. Hoping that comes in the next few years or so. Imagine some toxic POS hitting you with clown emotes for hoping to better your future. That's how you know who are scummy.
Nope, because it's more than 4 letters and there's only 2 people that are related out of all of the employees.
Wouldn't NEPOTISM be the perfect ticker symbol here?
Acquired some new land recently and predict that MGON is going to be the thing that helps me break ground and start building. Looking forward to the coming days and weeks,
And how is your company any better, hypocrite? Why did the SEC approve it so fast? Are you claiming that the SEC promotes and approves scam companies because they dropped yours? Saw MWWC on the SEC blacklist a few weeks ago. Hypocrisy is your only trait.
"Positve dilution"...ROTFLMAO. POS Gravy Train Scam.
No, because tickers cannot exceed 4 letters. I should start an introduction to stocks YouTube channel. You could benefit from watching it.
Will the new ticker be NEPOTISM?
Here's that positive dilution. Again, we all thank you for your investment advice.
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.
Incorrect. You just don't know how to read dates. Currently at 176k roughly from a 2.5k initial investment in a matter of 5.5 years. I also never once called this a pump and dump, nor a scam. If you're going to use my own words against me, do better.
Pump and dump scam recruiting suckers to baghold from your own words.
Told you before and I'll tell you again. I sold those shares for a LARGE profit when it shot up to .14 a share in 2021. Can't even check your dates nor can you retain information. Since your memory is failing you significantly, here is what I said.
December 2018 buy in of .0064 a share
February 18th 2021 sold at .12 a share
Then I bought back in a few times and averaged down on the final date of 12/19/2023 when it went for .0023.
It's now at .012 a share. I'm very happy with this company atm. I had my doubts at one point but new management has really come around when they took over in 2021.
Thank you for the investment advice.
"After bagholding my shares since Dec 2018"
Techroemancer
Member Level
Re: None
Tuesday, September 08, 2020 2:18:07 PM
Post# 25067 of 41250
After bagholding my shares since Dec 2018, it's nice to see more people in on this stock and watch the ride. Been an agonizing ride thus far, but it looks like all of our waiting will pay off!
What I find interesting, is I am getting DMed saying all of this is ITYS' fault.
This is my perspective of the drama. They can't ignore ITYS or refute what he says. ITYS does his extensive DD and puts out the obvious and blatant truths. These pumpers get really mad and instead of being mature and ignoring him or refuting him on their boards, the come to one of the boards ITYS thinks positively on and ruin other's experiences. Then they resort to bad DD and just outright lies and cons which hurt other potential investors.
The best part about this is that I work in law. I'm screenshotting and documenting what all is said and saving it. So for potential investors that got lied to and took it as investing advice, please message me at a later date if you missed out big time over petty drama.
Those sales contracts beg to differ on the "can't sell" portion of your irrelevancy/lie.
Company isn't broke. Nice try. $5 million and $1.5 million contracts are better. At least ITYS does DD to try to help potential investors. All you can do is lie through your teeth and try to slam a reputable company because you fell for a crypto scam. I mean, it was obvious it was a scam, Shoon.
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 $1,000,000USD of product during the second 12 months. Should the volume targets not be met the agreement will become non-exclusive for the remaining term of the agreement. Any sales by the Company in the Territory or by STAT outside of the Territory, the Company will pay STAT a commission fee of 10% of all such sales and the sales will be included in the minimum purchase commitments. The product included in the agreement is MedeSol Cleaner Deodorizer.
Laughable inventory they can't sell is an "asset"..."Company"_is_broke!!!!
One of them just keeps posting crappy cartoon gifs as though they're memes. lol. At least the video is a nice change of pace.
Cause it's really mature of folks to then go to actual reputable companies and bash those stocks just because they are mad at 1 user. Sucks that your company is getting bashed by someone doing DD. But you can ignore them or refute them. Yet Shoon and Steal keep coming back to ruin everyone else's experience just because they are mad at another.
Seems to me MGON is doing great. Especially with sales contracts attached and the verbiage at the end of your spam posting.
Management’s plans for the continuation of the Company as a going concern includes successful operation of its recently acquired assets in order to attain profitable operations, the development of a commercially viable business, and financing of the Company’s operations through sale of its common stock, as well as shareholder and management advances until such time as it has established profitable operations.
🫡🏁🚂💵💵💵💵💵💵💵🚃....one of these days 2024-25,26,27,28, etc,etc... from 🪙 to DOLLAR$...GLTUA
AI
