Replies to post #41119 on Megola Inc (MGON)

[I ll be back]

You be the judge.

So the company is going to raise $3 million in capital just to turn around and buy back shares? You actually believe that?

Share Buy-Backs:

We plan to deploy 30% of the offering proceeds ($3,000,000) to buy back some of our Series D Preferred shares. These shares will be bought back at a 50% discount to the offering price, resulting in a price of $0.0125 per common share equivalent. We expect this investment will illustrate our commitment to minimizing dilution and delivering value to our shareholders.