Megola Inc (MGON)

[ITYS]

Call Globex which is the transfer agent.

The problem is Globex let the new management after the r/s to issue more shares then were allowed. Company is authorized for 200M but the TA should have kept enough common for the preferred classes to convert.

I too have all my A shares and cant do anything. Globex shouldn't have allowed new common issuance. So all that can be done is company would need to request new authorization increase but I believe everyone bolted. No one there to do increase and who pays for it? I assume financials need to be updated for this to be allowed? I would believe this is an SEC violation but shares are not worth the time to try to go after anyone. Company has more shares issued then allowed !