Megola Inc (MGON)

[Johniefive]

Email from Magaly, Website Info and hot stocked report. You guys/gals choose what to do from here. IMO a sell back to .0009-.001 would be good to set us up for a huge run with the amount of interest in volume based on pure air and nothing concrete. Also I do expect a PR personally sometime in April however I don't expect it to be anything worthwhile other than another push on volume and followed by a drop in price. Follow the last years trend with a push in price followed by the immediate days after of 30-40% drop in price followed by a gradual drop in stock price down and down. Not saying its bad but if you want to make some real money with this stock in my opinion is let it drop and then make another big push followed by a drop just before the PR release we all hope is coming in April and I think personally everyone will make more money in the next 30-45 days versus trying to hold this at .4 instead of letting it drop back and then making money off the obviously low float. Nothing like making money from flipping this stock 3,4,5 and six times correct?

Again just my opinion, trade as you wish but I personally am strongly considering selling my shares on Monday

Here's the latest from hot stocked:

insert-text-here

It's no secret that penny stock investors often like to play with fire. With Megola Inc (OTCMKTS:MGON, MGON message board), however, they might be pushing their luck a little bit. At least that's what a few minutes' worth of research suggests.

Yesterday, MGON went up by a whopping 288% and it hit a high of almost $0.007 for the first time since December 2014. At the same time, investors poured more than $370 thousand into the stock.

In other words, they poured $370 thousand into a company that had NO employees in July 2014. There are more things that MGON didn't have according to the latest financial statement.

On October 31, the company had NO cash, NO current assets, NO liabilities, and NO revenues. MGON didn't even have operating expenses during the reported quarter which suggests that it had NO operations.

Investors poured $370 thousand into a company that hasn't issued any press releases for the last ten months. Over the same period, the stock managed to drop from a 52-week high of $0.19 all the way to a bottom of $0.0009 (that's 99.5% in losses).

The financial report says that the company has a total of three websites. None of them seem to be working at the moment. The one that belongs to MedCan (MGON's subsidiary dealing in the medical marijuana industry) says that it 'will be back up and running in no time.' According to the whois internet search engines, it's been saying the same thing since November 2014.

All in all, saying that MGON is in a pretty poor state would be the understatement of the year. Yet, as we mentioned already, people are scrambling for shares and thanks to them, the stock is soaring.

Unfortunately, this is all due to hype and nothing more. The message boards are buzzing with activity and, as is often the case in Sub-Pennyland, there are plenty of people who will assure you that they've spoken to the management team and that the future is brighter than ever. Those people say that Health Canada is about to inspect MGON's growing facility and give the company a license (Creative Edge Nutrition Inc (OTCMKTS:FITX) shareholders are probably weeping at the moment).

It's interesting how members of the management team have no problems telling random people from the message boards that the future is bright, but they don't seem too keen on announcing the information in an official press release. It's also interesting how everybody is talking about the blue sky ahead while no one seems interested in the problems that we listed above.

Despite some people's peculiar attitude towards the stock and despite the fact that at this point, everything is in the realms of rumors and speculation, MGON is surging upwards. But can it sustain the current levels?

Well, Medican Enterprises Inc (OTCMKTS:MDCN) is another stock that's running solely on hype and discussion board excitement and it must be said that it has put up quite a show over the last few days. We all know, however, that without anything concrete, it will have some serious problems withstanding the enormous pressure.

The same, as you might have guessed already, goes for MGON

Here's the who is on the website:

Domain Name: MEGOLAINC.COM
Registry Domain ID: 1778402720_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Update Date: 2015-02-06T18:25:36Z
Creation Date: 2013-02-04T23:34:08Z
Registrar Registration Expiration Date: 2016-02-04T23:34:08Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: [e-mail]
Registrar Abuse Contact Phone: [phone]
Domain Status: clientTransferProhibited http://www.icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited http://www.icann.org/epp#clientUpdateProhibited
Domain Status: clientRenewProhibited http://www.icann.org/epp#clientRenewProhibited
Domain Status: clientDeleteProhibited http://www.icann.org/epp#clientDeleteProhibited
Registry Registrant ID:
Registrant Name: Aldo Rotondi
Registrant Organization: Megola, Inc.
Registrant Street: 2360 CORPORATE CIRCLE
Registrant Street: Ste. 400
Registrant City: Henderson
Registrant State/Province: Nevada
Registrant Postal Code: 89074-7722
Registrant Country: United States
Registrant Phone: [phone]
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: [e-mail]
Registry Admin ID:
Admin Name: Aldo Rotondi
Admin Organization: Megola, Inc.
Admin Street: 2360 CORPORATE CIRCLE
Admin Street: Ste. 400
Admin City: Henderson
Admin State/Province: Nevada
Admin Postal Code: 89074-7722
Admin Country: United States
Admin Phone: [phone]
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: [e-mail]
Registry Tech ID:
Tech Name: Aldo Rotondi
Tech Organization: Megola, Inc.
Tech Street: 2360 CORPORATE CIRCLE
Tech Street: Ste. 400
Tech City: Henderson
Tech State/Province: Nevada
Tech Postal Code: 89074-7722
Tech Country: United States
Tech Phone: [phone]
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: [e-mail]
Name Server: NS03.DOMAINCONTROL.COM
Name Server: NS04.DOMAINCONTROL.COM
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
Last update of WHOIS database: 2015-03-29T15:00:00Z

and here's the latest email from Magaly Bianchini

Magaly Bianchini

To
me

Today at 11:15 AM

Dear John;

Megola's current share structure is


196,095,060 O/S

196,072,533 Float

22,527 RSTK


Sincerely,
Magaly Bianchini