MGON--Good morning WOOFERS:
I was out all day yesterday so wanted to stop by and wish everyone a great weekend. Don't forget the flowers, chocolates and cards for tomorrow. The aforementioned will be the greatest single investment decision one can make over the weekend.
As for MGON, hopefully you have already made that decision to have purchased shares in the prior week(s). As has been detailed ad nauseam here, we have been saying to get into MGON since the penny area. MGON is a real company, with real revenues, and a really great future ahead of it. The management team is committed to building this company and growing organically, (pun intended). They previously indicated in e-mails and corporate shareholder updates that they were able to pay off debt related to their three business acquisitions with revenues derived from those acquisitions. This would put them in an EBITDA positive situation. The pathway to profitability has been identified by the MGON management team, and that will carry us into a sustained, yet dramatic price rise, with justifiable price to earnings ratios, (PE), to better compute the value of MGON shares going forward.
The NIHP, (National Institute of Hockey Players), has already endorsed the companies Stink Genie product for removing airborne pathogens. That is a significant endorsement, especially when taken into the context that they are trying to get a deal with the NHL. Any substantive deal with the NHL would launch us over .50 cents and likely higher.
They also have the CBD business and are launching various products derived from CBD that are hitting the market at the exact right time.
The share structure is very favorable for us investors and the company does not dilute, nor do they have any reason to anytime soon. With them earning sufficient revenues to pay down debt and then expand their product lines, the risk of dilution is almost nil.
There is much to be excited for going forward with MGON, and next week should start the fireworks, with the release of their earnings, but more importantly, they will come out of the quiet period. Their exit from this quiet period will allow them to utilize that Wall Street IR firm and get the story from the company direct. The company is all about transparency and doing it the right way.
MGON is definitely on the pathway to profitability, and they are going to take us with them for the ride upwards.
Regards,
SPORTYNORTY
