Replies to post #41117 on Megola Inc (MGON)

[I ll be back]

Great question!

What's going to motivate anyone to buy at .025. We're at sub-penny right now, and it hasn't seen .025 for a long time.

The ONLY way this offering sees the light of day is if the company can justify the valuation. Meaning no investor is going to layout $10M in a private placement at 5xs the current price point. The only way the offering fly's is after the stock shows a support level well over a nickel IMO.

Personally, I don't believe they would be taking the time to make this offering if there wasn't a belief the ADA approval was going to happen. Meaning the testing is going well.

We know understand how they intend to spend the money.
https://ih.advfn.com/stock-market/USOTC/megola-pk-MGON/stock-news/93924695/form-1-a-a-offering-statement-regulation-a-a

Product Development: $1,100,000
Regulatory Registrations: $920,000
Manufacturing Scale-Up: $300,000
Build-out of Lab Facilities: $250,000
Intellectual Property Protection: $300,000
Marketing: $930,000
Human Resources: $1,500,000
Corporate Expenses: $700,000
Share Buy-Backs: $3,000,000
Working Capital: $1,000,000