ML Capital Group Inc. (MLCG)

[PRmaniac]

10's of billions more shares to be diluted. That's why they raised the share authorization to 15 billion shares.

Tons of toxic notes still to be converted at steep discounts, then immediately dumped to lock-in profit.

That is the idea, anyway. There is almost no buying interest at any price, and MLCG can't even get unaudited financials filed. Thus, the big red stop sign warning to investors on OTC Markets.


As of June of 2016 (last financial report filed), there were still:
Convertible notes payable, of $1,225,475
and
Accounts payable and accrued expenses $ 212,554

Re: Convertible notes - At a 50% discount to $0.0001 trading price, that means MLCG will need to issue at least 24,509,500,000 more shares (yes, almost 25 billion more shares)