Megola Inc (MGON)

[ITYS]

Well I will stick with what I have learned from my lawyer about the company and its positions. Obviously you didn't talk with Michael Turner at Globex as he knows the position his company and Megola are in and its not pretty.

Imagine the company TA issuing more stock then allowed; this brings his company into the mix. They had pledged common shares against toxic loan yet now they (toxic lenders) cant further convert ( so they have filed against company and TA( Toxic always get their shares)). Add in several classes of preferred to the quagmire of over authorized shares.

Anyhow, if you want to do more DD call Asher...their loan agreements are in default so imagine the huge discounts occurred from all these past years...staggering...1B authorized increase may not be enough.. more like 10B needed IMO