Megola Inc (MGON)

[I ll be back]

Don't see it in the cards given the current OS and especially with the way the offering is outlined.

Reverse split is a possibility. We need clarity from MGON directly.

Note the date of the offering is set for 6/10/24 on 400M common shares at $0.025 against a support price of $0.004 with little to NO volume.

In order to even begin to believe you're going to find an investor(s) to part with $10M based on what we know today would be a pipe dream at $0.025 in this credit market. However, given Williams has a background with stock offering, my gut says we see a contract that supports a stock valuation closer to nickel per share if one believes that investors are going to step up at $0.025.

It's not likely to see a private placement at this price level without a revenue stream to back it up. The bigger question here is why they need to raise $10M, things that make me say Humm!