Megola Inc (MGON)

[dade]

On September 8, 2010, Megola announced that the company had opened a brokerage account with Glendale Securities for the purpose of initiating a stock buyback plan.

Sweet Jesus we might just pull out of the gutter here
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7470058


AND, if i understand this! a million shares just got pulled from the float
not much but.....

On September 9, 2010, Megola received a request from TD AMERITRADE Clearing Inc. to reverse a conversion and transfer that was done per their request by the transfer agent. As the conversion and transfer from Megola Series ‘A’ Preferred stock to Megola Common stock was done without the authorization of their client TD AMERITRADE Clearing Inc. asked for consent to reverse the transaction and revert the Common Shares back to Preferred Series A Shares. Megola has given consent for 1,000,000 Common Shares to be reverted back to the original 40,000 shares of Series ‘A’ Preferred stock into the name of their client.

As of September 7, 2010, the Common Share structure for Megola is as follows:

Authorized: 200,000,000
Outstanding: 26,538,655
Restricted: 130,287
Float: 26,408,368