Mogul Energy Inc (MGUY)

[lighter than AIR]

Tell that to the sellers driving it down …and the buyers on the sidelines…

[chemist72]

MGUY greatly undervalued.

Top Highlights:

FLORIDA BEAUTY FLORA, INC. AND AFFILIATES
COMBINED STATEMENTS OF OPERATIONS
(UNUAUDITED)
For the Eleven Months and
Eighteen Days ended November 18, 2022
REVENUES $ 58,596,042
GROSS PROFIT 19,463,492
NET INCOME (LOSS) $ 356,470

https://www.otcmarkets.com/otcapi/company/financial-report/362159/content

[xqsme_imnew]

Ha! I'm skeptical, too - that's why I was so pleasantly surprised!

[gr8lake]

I completely agree. Really sucks when a company doesn't put out the financials on time.
Sorry about sounding negative but I'm happy with the response.
I just wanted to hear all the positives come out.
TKS

[xqsme_imnew]

The fact that they filed before the deadline without any bs is noteworthy. Some CEOs operate out here for a decade and can't even do that.

[chemist72]

Yep. Multiply that number by ~8.5 for full year revenues.

I get ~$48M in revenues for all of 2022.

Not only that, but NET INCOME (i.e. profits) were ~$1.5M. Multiply that for a full year and you get ~$13M in earnings. That's ~$.03 per share. Give a multiple to that number for a "fair value" share price. I get about $.45 per share!!

UNDERVALUED.

[Mr. T Squared]

The revenue is only from Nov. 18, 2022 to the end of the year - " From the date of acquisition through December 31, 2022, MGUY, through the acquired FLORA companies had revenue of approximately $5,637,281." According to their March 7, 2023 posting.
https://www.otcmarkets.com/otcapi/company/financial-report/360995/content

[gr8lake]

Thank you, that does not look good.
Where the heck is the $70m in revs the new CEO mentioned in press release?
It's sure not in these documents.
Huge disapointment.

[Mr. T Squared]

Annual Report:

https://www.otcmarkets.com/otcapi/company/financial-report/362159/content

[gr8lake]

Just a link to my post?

[gr8lake]

Ouch, so looks as thouugh it's due by tomorrow.
Thank you so much for not only the answer, but where to find it.
Give a man a fish/teach a man to fish.

[Mr. T Squared]

The "Shell Risk" status on Mogul has been removed by the OTC Markets! Here is a copy of the submittal letter from Mogul:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171557774

[chemist72]

Non-Accelerated Filers:

10-K: Due Friday, March 31, 2023 for Fiscal Year Ended 12/31/22

https://www.securexfilings.com/sec-deadlines/

[gr8lake]

Good news is what we need to kick this in the but I really want to see the financials.
Any idea what day the financials are due?

[xqsme_imnew]

Thank you. It's a quiet board and I didn't want to fill it with info that appears negative, especially when I don't understand that information.

[chemist72]

Don't worry about posting on-topic questions to board.

Others may be able to give you better answers than I can.

All I can say is that share dilution is almost always an issue with OTC tickers. And financing is a very common reason for "new" or "growing" companies that wish to get an OTC listing.

[xqsme_imnew]

Sheesh! Action here makes one wonder if the market expectation is just for this ceo to dump debt accumulated from his numerous lawsuits with flora group on the market a' la shares through the mguy shell.

thoughts? opinions?

[xqsme_imnew]

MGUY acquired FLORA through a reverse triangular merger with MGUY exchanging 10,000 shares of a new class of preferred stock and 350 million shares of common stock for 100% of the Flora companies. Upon the acquisition of Flora, Ronen Koubi, CEO and president of the Flora companies, became the CEO, president, and director of MGUY. CEO Ronen Koubi stated: "This transaction will enhance the ability for FLORA to competitive refrigerated transport and logistic company throughout the United States with the ability to transport and warehouse products in strategic locations to optimize and facilitate customer orders." Furthermore, Koubi says: "The company looks to grow its revenues from approximately $70 million in 2022 to $185 million by 2025 bringing significant value to its shareholders while increasing EBITDA from $3.6 million to $8.1 million during the same period."FLORA currently has approximately 230 trucks and 320 trailers under its management, as well as three main locations in Florida, Tennessee, and California. Florida is the bulk hub for FLORA with roughly 200,000 square feet of cold storage dedicated mostly to fresh cut flowers and produce, making it one of the largest in the Southeast region. Flora currently employs approximately 300 people in the United States and plans to double that number over the next few years. "While the merger into a public company is a tremendous first step, we look forward to becoming an industry leader trading on the NASDAQ," says Mr. Koubi. Mr. Koubi expects to achieve the projected revenue and profit growth through identified and targeted acquisitions, as well as creating new credit facilities to expand the fleet of trucks and warehouses. FLORA will also eliminate older trucks and trailers while refreshing its fleet with newer models and moving towards an asset-light model. Beyond a new fleet, Flora's information technology staff will focus on the addition of automation and technology. To achieve this objective, the company will integrate new IT and software capabilities both operationally and, in the fleet, bringing cost reducing algorithms that will modernize its operations which can be used with new acquisitions to simultaneously bring new fleets online throughout the United States that will be vertically integrated eliminating down times usually associated with business combinations." -

[chemist72]

Yes!

[xqsme_imnew]

Financials are due this week! Is there any excitement or optimism here?

[gr8lake]

Looks to me like you turned over almost every stone.
I sure hope those financials are in line with the last press release.

[gr8lake]

I gotcha. It is a bit weird though, especially sinse I can't seem to find an 8K for the merger with MGUY.

[xqsme_imnew]

Financials due next week-show me the$!$!$!

[xqsme_imnew]

KOUBI, RONEN

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults/OfficerRegisteredAgentName/Koubi%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20Ronen/Page1

[xqsme_imnew]

REAC Group, Inc. Announces Director Changes
12/15/2022 | 05:20pm EDT

REAC Group, Inc. announced Ron Minsky was appointed as director of the Company and Ronen Koubi resigned his as director of the Company.

https://www.marketscreener.com/quote/stock/REAC-GROUP-INC-111314504/news/REAC-Group-Inc-Announces-Director-Changes-42586215/

[xqsme_imnew]

"Upon execution of the transaction, Ronen Koubi, president and CEO of the Flora companies, became the president, CEO, and director or Mogul Energy; and Steven Siegel, who previously held the same positions with Mogul, resigned."Mogul Energy, which trades as MGUY, acquired Flora through a reverse triangular merger, with MGUY exchanging 10,000 shares of a new class of preferred stock and 350 million shares of common stock for 100% of the Flora companies.

https://www.fleetowner.com/refrigerated-transporter/reefer-operations/article/21257431/mogul-energy-international-mguy-absorbs-floras-refrigerated-fleets

Ronen Koubi, was CEO of REAC at time of acquisition/or attempt there of/ with FLORA group

https://www.otcmarkets.com/filing/html?id=15898231&guid=Y5nwkpd9M-PeJth

[xqsme_imnew]

I am not saying that this is a scam. What I posted here is all that I could find. I reached out fishing for more info on this board and REAC* but I caught nothing.

[gr8lake]

So are you saying this is all just a scam?
Do you have any info on why or when the other deal fell apart?
Looks to me like it had to be the next day since that 8K is dated 12/14/22 and the announcement of the merger with MGUY was 12/16/22.
If you have any additional info, please share.
TKS

[gr8lake]

Agreed, it looked really good at first.
Sure hope we see some financials soon or at least confirmation of finalization of the merger.

[gr8lake]

Agreed!

[chemist72]

Interesting start today. Nice buying at open.

[entertaininvesting]

where is the "change of control" document by Ronan Koubi since he bought the control block (preferred shares) from Steven Siegal on Oct 28, 2022?

last time WYPH tried to do the same thing and OTC markets put CE on the ticker. let's see if OTC catches it or not.

[xqsme_imnew]

Mabe this just needs a *tocktwits* board for some pumping - why haven't any promoters put one up yet? LOL

[xqsme_imnew]

What was that? Another 20% drop? I am starting to fear that the acquisition may not go through - repeat of whatever happened with REAC and the Flora acquisition a month or so before MGUY announced the acquisition. Retail already sold off after the pop from the PR - why else so much heavy selling so late in the process? IMO

[xqsme_imnew]

Hopefully, the financials come out on time - clearly, this will just bleed until then.

[splintered sunlight]

It is definitely concerning so YES.

[xqsme_imnew]

Any body else nervous about the heavy volume on this drop?

[lighter than AIR]

Under eleven pennies…are you effin’ kidding me…what’s going on with this fire sale…WAY undervalued here…somebody know something or just manipulated before financials come out…?

[splintered sunlight]

Thank you for your insights.

[i_like_bb_stock]

yea Im grabbng more

[chemist72]

Gut says we're getting close to a bottom.

I also picked up a few more shares below 12 >

With NO multiplier for revs to shares, the bare minimum value for MGUY should be around $.16 per share.

[i_like_bb_stock]

got some down here truly insane for 70M+ in annual revs I guess theyll wait til the first Q comes out to see the results

[i_like_bb_stock]

Wish I could understand this selling with revs of 70M+ annually wtf

[chemist72]

Could see some support around $.12 -

If not, then the next area of support would be around $.09 >

Just my own view of MGUY chart.

[xqsme_imnew]

Found some clarification on REAC and MOGUL interaction in post history here, dated 12/16/22 by "chemist", as well as some references to big operations and revenue numbers for "Tempest Transportations" of the Flora Goup

[xqsme_imnew]

I am not trying to call any bluff - just looking for help understanding it

[xqsme_imnew]

Those four little companies are transporting something other than flowers if they are bringing that kind of money - In My Opinion. I can't find financials on any of the four other than a reference to one of those companies expecting revenue of 1.5 million....

[chemist72]

Got the $70M from MGUY PR.

As far as I know, no financials for MGUY have been filed with either the SEC or the OTC (Alternative Reporting Standard). I am waiting for some official filing in either place around the end of March.

Alternative Reporting Standard (ARS): Companies that do not fall within the categories above may follow our Alternative Reporting Standard to make material information publicly available to investors and remain the subject of public broker-dealer quotes:

https://www.otcmarkets.com/learn/reporting-standards

[xqsme_imnew]

But where is the 70 million from? The Flora group financials available don't seem to add up...am I missing something?

[xqsme_imnew]

What happened with REAC group inc and their acquisition of "the flora group"?

http://edgar.secdatabase.com/1002/164033422002655/filing-main.htm