Wednesday, January 05, 2011 4:16:59 PM
weird ??
Nice news ??
No volume??
No1 saw the news ???
POINT EDWARD, ON -- (Marketwire) -- 01/04/11 -- Megola Inc. (OTCBB: MGON) is pleased to announce it has paid back their two outstanding convertible debenture loans to Tangiers Investors, LP which eliminates any potential stock conversion for these outstanding amounts.
"While it was necessary to obtain these debentures on a short term basis, it was always the company's intention to repay the notes prior to their conversion to common shares, which would have occurred at a price no higher than $0.01 per share resulting in the issuance of no less than 4.5 million shares from treasury," stated Joel Gardner, CEO. "It is critical that we make every effort to put in place the necessary framework that will provide share price appreciation over the longer term that will benefit both us as a company and our long-term shareholders."
Get rich slow get poor fast.
“When a man with money meets a man with experience, the man with the experience ends up with the money, and the man with the money ends up with the experience.”
You have to take their money before they take yours. :-))))
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