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Wednesday, May 08, 2019 10:44:42 AM
I think some people are truly getting things twisted here waiting for MGON to transform into something major as I do believe will happen. I've been here with MGON for years waiting for things to mature. I've seen a few operations come and go with not fully closing to be put into MGON. All they have to do is get it right once, especially with this share structure, and I believe they will.
The #1 fear in the market is dilution. MGON has not had any dilution in years with its Outstanding Shares (OS) remaining at 196,095,060 shares:
https://www.otcmarkets.com/stock/MGON/security
My thoughts are still as I have previously posted below:
vantillian, very important here with MGON...
I'm taking my chances to patiently wait that they will no matter how long it takes. MGON is a rarity as they simply have not and do not dilute. They previously stated no dilution and no reverse split. The kept the Authorized Shares (AS) for the common shares to remain at 200 million shares and increased/created preferred shares of 54 million:
https://www.nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=wMbfNq7qXWEUKRQDUFhiEQ%253d%253d
This leads me to think that any consummation of deals and acquisitions will be done through the use of preferred shares. So far, I think the market is just a little slow in realizing what has already been quietly released or I challenge anyone to show me another stock at this price with an OS of under 200 million shares with all of this under it:
MGON Outstanding Shares (OS) = 196,095,060 Shares
MGON Authorized Shares (AS) = 200,000,000 Shares
MGON Shares Held at DTC = 153,557,217 Shares
MGON Preferred Shares = 54,000,000 Shares
https://www.otcmarkets.com/stock/MGON/security
MGON MJ News**No Reverse Split & Legal Issue Resolved
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147144777
Key with this MGON & Acordy Acquisition
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147237437
MGON/Acordy - Megola & CBD
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148208989
MGON/Acordy Invest**Tamayo Property=235.65 Acres/450,000 Liters
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148207340
MGON/Acordy Invest**Cordoba Property=333.45 Acres/450,000 Liters
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148207407
MGON/Acordy Invest**Malaga Property=138.2 Acres/225,000 Liters
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148207430
MGON/Acordy Invest**Tanger Property=61.75 Acres/60,000 Liters
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148207447
MGON/Acordy Invest**La Ventocilla Property=432.25 Acres/500,000 Liters
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148207468
MGON/Acordy Invest**90% Share of Hipica-Acordy horse breeding
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148208985
MGON Confirmed .078 EBITDA Valuation Consideration
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144653196
MGON Announces Receivership Closed/Next Step CBD Distribution
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148209104
v/r
Sterling
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
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I never give investing advice; only my beliefs for risks in a stock.
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