Tuesday, August 31, 2021 6:25:43 AM
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
Exit Strategy & Etiquette Thoughts for a Stock
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128822531
I never give investing advice; only my beliefs for risks in a stock.
Recent MGON News
- Form 1-U - Current Report Pursuant to Regulation A • Edgar (US Regulatory) • 09/16/2024 07:37:12 PM
- Form 1-K - • Edgar (US Regulatory) • 08/12/2024 07:50:45 PM
- Form 1-U - Current Report Pursuant to Regulation A • Edgar (US Regulatory) • 08/12/2024 10:00:24 AM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 06/13/2024 04:15:03 AM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 05/24/2024 06:31:47 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM