Replies to post #12725 on Megola Inc (MGON)

[Elcappy1]

Thank you for the update sterling, always appreciated ;)

[ITYS]

sterv, I would expect the first and only thing mgon can do is get compliant. They are in default with their business licence in Nevada and behind several years in financials.

ISSUE IS THEY HAVE ZERO MONEY, so one of the officers will most likely need to pony up to get it back in good standing. THEN ISSUE is they have maxed their authorized at 200,000,000 and they already did a R/S back in 2012 when the new management took over. SO one would expect they would need to increase authorized so they could atleast get some investors shares.

PROBLEM is the company doesn't do anything or own anything. SO one would expect management is trying to bring in a business...IF you were the new business what would you want as new shareholders? Could assume they would want stock control or a clean company. I would be curious if they would be allowed by FINRA to do another R/S??

AGAIN, cant do anything until they get compliant so look for files and disclosures or people are merely trading their bagholder positions to someone else

JMO

[SRV1975]

Thanks Stervc! Much appreciated!