Saturday, January 20, 2024 11:08:28 PM
MGON just went through the expense and time to bring the books current (which always gets my attention with a pink in the trips). In the September 2023 quarterly, it shows two contracts that confirm we should see revenues for the FIRST time in years.
While we wait for the testing outcome, the company should show us a financial filing that starts to move the needle and confirm what many here have been waiting for.
https://www.otcmarkets.com/otcapi/company/financial-report/387165/content
Liquidnano, Inc. On March 19, 2023 (10-months ago)
Liquidnano, Inc. (the “Distributor”) must purchase at least $725,000 USD of Product during the first twelve (12) months following execution of the Agreement, $1,495,000 USD of Product within months thirteen (13) to twenty-four (24), and $2,810,000 within months twenty-five (25) to thirty-six (36), where month one (1) starts on the first day of the calendar month immediately following the Effective Date. Volume targets beyond that will be mutually agreed upon but shall be at least $2,810,000 USD per year.
STAT Sanitizing LLC On August 22, 2023, (5-months ago)
STAT must purchase at least $500,000 USD of product during the first 12 months from August 22, 2023 and $1,000,000USD of product during the second 12 months.
Given how close to the vest management has been staying quiet, I'd say that shareholders are sitting in the sweet stop at this current pricing level.
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