Replies to post #38918 on Megola Inc (MGON)

[MC10459]

I would think that they would have "a projected net income." In many cases a company doesn't know what exactly their net income will be given the changing cost of materials. . .and other things which can be variable. Could they they have stated a projected net income? What a company projects for net income and what their financials state can be very different. MGON, has been very conservative about what news they release. Before the latest news release, they mentioned that it was under attorney review. Maybe they felt it wasn't in their best interest.

[price_and_volume]

It's not even clear that's revenue for $MGON.

"Exclusive Global Supply Agreement"

What's the agreement?

"$10,000,000 USD minimum purchase commitment over 5 years with specific annual quotas."

Who's paying what to whom?

"orders expected next quarter..."

It's always "next quarter"....