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.