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Re: SYTI post# 20780

Saturday, 03/02/2019 12:44:26 PM

Saturday, March 02, 2019 12:44:26 PM

Post# of 41387
turnpage, respectfully, with this MGON & Accordy merger...

Respectfully, this is the OTC Markets. I'm not sure how long you have been trading/investing here in the penny stock world, but MGON is not required to file an 8-K with the SEC or give you the details of the merger. It would be nice, but it's optional as such is not a requirement as evident from their Form 15-12g that they filed with the SEC on 10/25/2012 to deregister the company's shares:
https://www.otcmarkets.com/filing/html?id=8878298&guid=TIvtUpRtlDLXnth

This means that all they need to do is announce that the deal is closed and have the paperwork on file if for some reason FINRA or the SEC asks them for proof of the deal closing. What they announced here below was enough for me to believe:


https://ih.advfn.com/stock-market/USOTC/megola-inc-pn-MGON/stock-news/78472289/megola-inc-acordy-sa-otc-pink-mgon-completes-r
Laguna Hills, California, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Publicly-held Megola, Inc. (OTC Pink: MGON) is pleased to announce the Reverse Take-Over “RTO” of Megola, Inc. and Acordy SA is complete. Acordy SA, formed in 2014 and domiciled in the city of Malaga, Spain, has completed the acquisition of Megola, Inc (MGON) a company registered in the state of Nevada. Acordy President Francisco Baez states: “In the next few weeks we will begin the process of merging Acordy with Megola and Acordy will be the surviving company.


MGON has Outstanding Shares (OS) in the amount of 196,095,060 shares. This is bigger than you think and is worth not even knowing or caring about those details that you are asking about in my opinion. For me, I'll take the risk regardless to knowing about those details because I've made my mind up to trust that the company will do right by us shareholders. Heck, I have had other stocks that I am in that have diluted in one day more than what's the OS here in MGON. Any further confirmation of substance and this should quietly move very big in my opinion.

They did not sneak in a stock split. MGON came out and made it very clear that they are not going to be doing a reverse split. I have explained this on other forums that I have seen some companies indicate the words "stock split" within their NV SOS filings. It really only means that there is an increase or decrease in the number of Authorized Shares (AS) or within the company's Preferred Shares for a reason. Because of how low the OS is here with MGON and because they came out and specifically stated that they are not doing a reverse split, then it means to me that they are probably going to increase their AS to give them a cushion to use shares as leverage for future growth if need be.

I truly do believe that much more such as PRs, tweets, pics, and more will be coming. I think a little more time is fair to give them to begin releasing such.

v/r
Sterling

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