Replies to post #41120 on Megola Inc (MGON)

[3Angels120702]

So I'm going to dilute to prove non dilution. Sounds OTCish eh?

[stealofadeal]

$MGON Share buy back is the oldest trick in the book when it comes to OTC market stocks. They are so full of crap and will not buy back one share. They only say that in hopes to prop up the price. SCAM

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.