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One11, here with MGON...

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stervc Member Level  Tuesday, 08/31/21 06:25:43 AM
Re: One11 post# 35861
Post # of 36349 
One11, here with MGON...

My sentiments are still the same in being very positive about the future of MGON. They have been still retiring shares to lower the Outstanding Shares (OS) down from 254,595,060 shares to 235,095,060 shares with 172,997,216 shares held at the DTC per their PR below:
https://www.otcmarkets.com/stock/MGON/news/Megola-Retires-Common-Stock-to-Treasury?id=317946

Dilution is the #1 fear in the market. They are doing the opposite of dilution to bring confidence into MGON.

I still believe that the company is well connected to the business world and will bring something bigger into MGON. I think they have realized, even by looking at the many other penny stocks that have experienced huge growth, that what they have brought in is fine for a start, but is not the end all for significant growth for the company. These guys are very smart and have been part of some huge companies in the past. I am confident that they know this.

They already have a major part understood by using preferred shares for completing acquisitions to keep the OS from growing for the most part. This eliminates the fear of dilution to the common shares and positions the company for enhanced valuation since the OS is the key denominator for assessing the fundamental valuation of a company. This is why I believe we still have a great chance for some major growth. Only my opinion.

v/r
Sterling

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I never give investing advice; only my beliefs for risks in a stock.
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