Replies to post #40743 on Megola Inc (MGON)

[ITYS]

MGON NOW HAS AUDITED financials, not sure of what you are exactly trying to figure out.

PREFERRED CLASSES all have conversion restrictions
MGON has ACQUIRED several technologies with Preferred stock

END of DAY, NEW MANAGEMENT CONTROLS THIS COMPANY so rest is moot

WHAT point are you trying to bring up? Preferred ownership? Management? OR MERELY posting information form audits?

[Techroemancer]

You notice this is 1) from over a year ago and 2) that he is also listed in there as his 19.5 million shares are deemed "Canceled"

Maybe some people have the difficulty of selective information and misinformation. Want me to keep digging?

[ITYS]

Looks like they could be bought out of Pfd D with 500k, notice the words "lock up"
PLUS seems like several more "owners" in GSCB then the managing partners?

AGAIN, not sure what it is that you are trying to point out with MGON ownerships. Medesol Global also owns 50,000 PFD d for their acquisition technologies and by MANAGEMENT TEAM, have several involved in MGON

The company has 6 contacts on record. The contacts are Jlg Holdings Inc. from Sarnia ON, Rodney F Nettles from Naples FL, Porter Investments LLC from Fort Lauderdale FL, Renco Investments LLC from Fort Myers FL, Mark F Suchy from Bonita Springs FL, and T Jurulle Construction from Naples FL.


NOTE 5 – ASSET ACQUISITIONS and INTANGIBLE ASSETS Intellectual Property and Technology from GS Capital Blends LLC On March 28, 2022, Megola announced that it had entered into a letter of intent with GS Capital Blends LLC, a company with officers, directors and shareholders in common, regarding the Purchase and License of Intellectual Property, Product Lines, Manufacturing and Other Specified Assets of GS Capital Blends LLC. On May 24, 2022, we issued a total of 75,000 Series D Preferred shares (the “Acquisition shares”), par value $10 per share in respect to the aforementioned agreement. We valued the transaction at cost on the acquisition date and capitalized the intellectual property as intangible assets. Subsequently we entered into an amendment to the original agreement (the “Amendment”) reducing the number of acquisition shares to 50,000, extending the terms of a lock-up provision (the “Lock-up”) with respect to the conversion of the Acquisition shares to December 31, 2024, and granting GS Capital Blends a coupon of 5% on the par value of the Acquisition shares, or $500,000 through termination of the Lock-up. Under the terms of the Amendment, the 25,000 shares of Series D Preferred stock were deemed canceled and returned to treasury retroactive to the original agreement date, or May 24, 2022. We valued the transaction at cost on the acquisition date and capitalized $500,000 as intangible assets.