Megola Inc (PK) (MGON) Quote

Here's the interesting part of todays post.

correction back to Pink Current status and that company has qualified for OTCID transition July 1

I assume the name change will also come at the same date.

As I read this PR, it would appear that FINRA is now on board.

Crack management "uplisting" from pink limited to pink current... ROTFLMAO. Yeah, this management is really figuring it out. This POS garbage stock is the laughing stock of the OTC. $MGON has nothing but bullshit for the ultra gullible.

X Post Megola@megolacorp

Update, there appears to have been a mistiming of our Year End posted financials and the change from SEC reporting to ARS which inadvertently resulted in a Pink Limited status reported. Company has been advised that a correction back to Pink Current status and that company has qualified for OTCID transition July 1.

15 years of hyping utter bullshit and trapped into this scam. Can anyone name anything that actually came true? I would think twice before calling anyone displaying common sense a clown after bagholding this blatant scam for a decade and a half. I see nothing but long term bagholders here.

I grabbed a couple hundred thousand more shares.

Some more lucky buyers today

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Management Certification 06/20/2025
https://www.otcmarkets.com/file/company/financial-report/475668/content
https://www.otcmarkets.com/file/company/financial-report/475667/content
https://www.otcmarkets.com/stock/MGON/profile
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https://www.otcmarkets.com/files/OTCIDRules.pdf

AI Overview
Regarding the anticipated effective date for the Reverse Split being June 15, 2025, and its subjection to review by FINRA:
This statement outlines a common process for companies that are going through a reverse stock split, particularly if they are trading in the over-the-counter (OTC) market.

Here's why FINRA review is important in this context:

OTC Corporate Actions: For companies with unlisted securities trading on the OTC market, federal law requires them to notify FINRA of corporate actions like reverse stock splits. FINRA then reviews the submission and publishes a notification to keep investors informed.
FINRA's Role: FINRA's role is not to approve or disapprove the corporate action itself, but rather to ensure the market and investors are informed and that the information submitted is not deficient.
Review Process: The review process ensures proper disclosure and transparency for investors. FINRA may request additional documentation or information to clarify or support the corporate action filing.
Factors Affecting Review: The thoroughness of the review and potential delays can be influenced by factors such as the completeness of the filing, the company's SEC reporting compliance, any pending regulatory actions, or concerns about potential fraud.
Effective Date: The reverse stock split will become effective only after the FINRA review is complete and the action is processed.

In summary: The planned effective date of June 15, 2025, for the reverse split is contingent on FINRA's review process, which involves scrutinizing the corporate action to ensure proper market and investor notification and information.

ITYS
Re: BigBadWolf post# 500
Tuesday, 12/28/2010 10:52:37 AM
Maybe a start?
http://finance.yahoo.com/news/Megola-Continues-Sales-of-iw-1339065722.html?x=0&.v=1

Corporate YE financials uploaded Friday along with New OTCID required Management letter.
Company compliant for New Tier, didn't expect til end of month. Management on top of everything.
FINRA wait game and then I believe news will take this above and beyond.
GLTA

As for the clowns posts, the old niche product lines like ozone and CBD made more sales then MWWC has done past several years LMFAO....they were niche lost leaders, REAL PRODUCTS now acquired.

Yeah someone spent $140 today.

Some lucky buyers recently 😉

If these guys don't have everything in place and everything goes perfectly with that reverse split, the way the price looks today if it starts to tank after the reverse split it's going to be major losses. Hope they got their ducks in a row and they know what they are doing.

Sterling BEWARE!!!! Check the timing with the bribery felon president!!!! You could end up being a lifelong bagholder, like these other Kongs, getting chewed up by this scam.

Love this steady no BS management low OS...GLTUA🫡

MGON OS as of 06/13/2025 = 291,876,881 Shares: https://www.otcmarkets.com/stock/MGON/security

$MGON_&_Gardiner here is the history; every product fails...
Megola's Disinfectant/ Deodorizing/ Sanitizing Portable Ozone Unit Known to Kill Viruses
https://www.otcmarkets.com/stock/MGON/news/Megolas-Disinfectant-Deodorizing-Sanitizing-Portable-Ozone-Unit-Known-to-Kill-Viruses?id=279628

Megola Enters CBD Market with its Premium Hemp Extract Products
https://www.otcmarkets.com/stock/MGON/news/Megola-Enters-CBD-Market-with-its-Premium-Hemp-Extract-Products?id=280478

Megola Product Lines May Help Combat COVID-19 Virus and Boost Mental Health
https://www.otcmarkets.com/stock/MGON/news/Megola-Product-Lines-May-Help-Combat-COVID-19-Virus-and-Boost-Mental-Health?id=281185

Megola Expands its Premium Hemp Extract Product Line
https://www.otcmarkets.com/stock/MGON/news/Megola-Expands-its-Premium-Hemp-Extract-Product-Line?id=293158

Megola Signs DEFINITIVE Agreement with GS Capital Blends
https://www.otcmarkets.com/otcapi/company/dns/news/document/59348/content

And now Jonston's MedeSol starts to get in 2 years ago. One has to wonder why these products didn't either stay at MedeSol.
Megola Confirms 2 Acquisition Product Lines
Acquires Specialty Coffee Product Line
Acquires Sio2 Proteksol for Seed & Foliage Coating
Larger deals forthcoming
https://www.otcmarkets.com/stock/MGON/news/Megola-Confirms-2-Acquisition-Product-Lines?id=347618

$MGON I think bankruptcy is far closer than you want to believe. Look at this pig's balance sheets.

Gardiner screws up everything he is involved with at $MGON. That would be a good thing to reach out and discuss. Don't you think lager?

Not sure what more company can explain as per last X post....just a finra wait game. No different than N&S.
Now MGON 3/31 year end due end of month prior to the OTCID July 1 tier starting.
SO, assume company files everything they need and maybe Finra hits the go button?

Shareholder Update: Breakthrough Chemistry has submitted corporate actions for a name & symbol change along with a reverse split to the Financial Industry Regulatory Authority (“FINRA”). These actions are being processed by FINRA and further updates will be provided upon conclusion of this review. We appreciate your patience! Business operations continue as usual.
#InvestorUpdates#MovingForward #MGON #BreakthroughChemistry

I've reached out to them. Will see what they say.

Lager, they announced the R/S on the June 15, can you please explain what happen
go $MGON
Bill

it's definitely not your typical dilute/RS/wash/rinse/repeat situation. That's what keeps me intrigued.

They would have sold it at Medesol if they had anything at all. And I did not see anyone buy the Regulation A to fund this. Nor did I see any company like Winner medical believe in it enough to start producing it or want a piece of the (non) action. But let's not let reality get in the way of our pumping. All I actually see is the raping and cannabilizing of long term bagholders.

Again, I think majority are below any threshold of this cosmetic r/s affecting anyone like a typical OTC toxic spin.
Like the clowns company MWWC for example that has no revenue stream, no product, and has 6 billion shares issued and were denied a reverse split....MGON is at the complete other end of totem pole.
Upside plays into the hands of management IMO
Clean slate, no debt, pps that potentially gives portfolio a proper valuation for future PP, Offerings
they control all IPs, patent so NOW find one licensee....just 1 makes this go IMO
As i said before, look at GEVI, they have MGON knockoff AF31 and at $2 ....cmon man, management must be licking their eyebrows lol

Not saying the company needs to pump itself just saying that it, no matter what it does has a very low PPS that doesn't reflect the supposed breakthrough technology that they have. You know what I mean.

As some maybe aware I've disputed GEVI and its knockoff product of Megola's fire blends. I AM BEYOND puzzled how that company and with its financials and recently S1 registration which claims a 1:6 r/s etc is around the $2 pps .... SO this alone inspires me to believe BC portfolio can gets its pps up to the moon if GEVI can get to $2 and bogus patents etc.

BC did have a X post out claiming they are initiating into product reviews and others using their certifications.

BC should simply make an announcement they have the original MFB fire blend (plus a dozen more than GEVI ) and maybe those idiots buying a $2 share will salivate buying MGON at pennies LOL

"never been able to get share price up"...hmmm, i was in at .002 and it went to .02 just over 6 months ago
Company doesn't have an IR firm or even a national news release, they only use OTCIQ and X posts.
FUNNY, what people expect the company to do. Nowhere does it state company needs to pump itself !
Seems management are content on acquisition developments, retiring debt, reducing stock issuances and now corporate restructure. Again, I don't think they spent out of pocket for nothing. Something surely lands here, its a matter of when they tell us lol

Your guess is as good as mine.

It's disappointing that they've never been able to get the share price to go up organically or on anything that they've issued as far as press releases, and filings. So it feels a bit generic that they are doing this. What's up with winner Medical? Still in the cards or is that off. They have a habit of letting things slowly die out and never commenting on it again.

Coronacide part 2 with Medesol crew's products dumped into this $MGON scam.

Diapers and Fire goods alone can take this 9 million OS stock to $50 plus IMHO...GLTUA...still patiently waiting 🫡💰️

"If they start diluting then it's all been a big waste of time"...I was thinking the same per se.
BUT company has 2 convertible notes from 1-SA filed (could be more since?) and all internal owners. SO they can't convert and if FLOAT is 9.7M or below its not as if they can convert more than 10% or filing crap. so 970,000 increments?

Same for PFD D holders (only PFD class company has) ALL insiders and cant convert or less than 10% issued.
PLUS they returned 49,000 shares and convertible note from Medesol + owed debt.

SO end of day HOW does this get diluted??
Company could offer a TIER 1 which would have a HOLD period or even Private placements to raise money and again a HOLD period

SO I don't see how they can dilute this forward IMO
At the majority entry level i dont see many if any shareholders being affected....SEEMS LIKE A COSMETIC REVERSE, Future uplist?

No suckers bought the Regulation A. I'd suspect the dilution would have to be astronomical for any new sucker to bite. And I shouldn't have to explain what that will do current shareholders and those buying into this POS.

Curiosity, blind hope, and $5.00 will get you a cup of coffee at Starbucks.

That is the curiosity that keeps us all here. LOL.

The O/S will be about 97mil. Like you mentioned, it's already low. I have yet to see an RS go well, but I've also never seen it done with this kind of share structure. It makes me wonder, "What's up?" I've been bullish on this a long time, and I'll continue to do so until they prove me otherwise.

I feel that way about it too. Been here for 5 years or so and they have not diluted a single share and the O/S wasn't massive either. So the only thing I can think of is this to get the PPS up to compliant levels to uplist. If they start diluting then it's all been a big waste of time.

Based on my background, I also agree.

I've never had a Reverse Split go well. My 6mm will now go to 200k. I find it to be weird, especially since the OS wasn't big to begin with... Weird...So because of how weird it is, I actually think this may be the one out of ten RS that may make sense.

I have a couple of ideas has to why this would be done. But they're nothing more than a theory.

Based on prior management history as it relates to cleaning up and returning shares as well as getting the financials audited, they continue to show signs of setting this company up for a private placement or funding for a PO. In the meantime, given the lack of liquidity and no revenues, the guy trying to unload 1.7M is going to push the price point lower. I for one will be letting him/her push the stock back below $0.005.

Well in the OTC land, I've never had a Reverse Split go well. My 6mm will now go to 200k. I find it to be weird, especially since the OS wasn't big to begin with... Weird...So because of how weird it is, I actually think this may be the one out of ten RS that may make sense. You got to believe they have a plan, or it'll be just another bullshit OTC stock that RS. I just don't see this group doing the RS rinse and repeat. But, I've been wrong before....Time will tell.

Point of clarification.

FINRA does not approve reverse splits, but it does process them and publishes information about them, particularly for companies trading in the over-the-counter (OTC) market. FINRA's processing function helps keep investors informed, but it does not review or approve a company's decision to conduct a reverse split, according to FINRA.org.

FINRA Rule 6490:
This rule establishes the requirement for companies trading in the OTC markets to inform FINRA about specific corporate actions, including reverse splits.

Timely Notification:
The notification needs to be provided in a timely manner to allow FINRA to fulfill its regulatory obligations and ensure that investors have access to accurate information about the company.

Reverse Split Ratio:
The notification must include the specific ratio of the reverse split (e.g., 1:2, meaning two shares become one).

Public Disclosure:
The company is also required to provide a draft of the required public disclosure announcing the reverse split.

Two Business Days Before Effective Date:
The public disclosure needs to be released at least two business days before the proposed market effective date of the reverse split.

FINRA processes reverse split announcements, meaning it takes the information from the company and makes it publicly available on its website.

Notice Requirements:
OTC companies must notify FINRA about a reverse split 10 days before the record date, which is the date when the split is officially implemented.

No Review of Compliance:
FINRA does not review the company's business decisions, including whether the reverse split complies with state or federal laws.

Company's Responsibility:
The company is responsible for ensuring that its business decisions, including reverse splits, comply with all applicable laws and regulations.

Bill, don't jump the gun. Its a process with Finra as per company X post.2 ticket items Company is waiting for decisions. No set timelines. Finra wait games.

Tomorrow ask will be at .18 at the ask, small float, all we need is good news before opening.
Go $MGON to the moon.
Bill2

A name/ticker change is the oldest OTC pump con in the books. It's worthless to anyone with common sense. No one is going to fall for that pump con.

Huge deal, name//ticker change, new product lines, new acquisitions, these are the things that can make it RUN. I've seen few R/S be bullish and make stock prices soar. I'm hoping MGON is one of them. I'm hoping management understands this and sees this R/S as a strategic tool and not just a hail mary. I've enjoyed what management has done thus far but will remain skeptical for the coming days/weeks.

Historically, an RS is like a Hail Mary that unfortunately falls incomplete. I've been bullish on MGON for a long time, but the only way I can get behind it is if they have an ace up their sleeve to pull out once the split occurs. News of a huge deal following the split would be great.

Comical when the CLOWN blasts a 1:30 reverse on a company with no debt, huge portfolio, HUGE UPDSIDE and the stock the "Clown supports" MWWC was denied a split 2 years ago and had prior splits of 1:100 and 1:300...cant make this sh^%% up.
Have a great weekend

MWWC has no business and 6.5 billion issued, so thats a SAD CLOWN !

Wait until any ensuing dilution hits this POS garbage stock. It's 30:1 for a reason. Anyone who falls for the bullshit in this $MGON boiler room is in for a rude awakening.

If the rest of my assets weren't in my crypto project, I'd throw every dime at these prices. I agree with what you said about management's track record 100%

I'm a buyer today.

Normally I would not be buying on any RS news. That said, MGON has provided a track record of cleaning up their financials and the OS. Buying shares down here is a VERY low risk. The only upside is the ROI.

I'll take all the stock I can get under $0.005. Our seller at 1.7M shares is driving the stock down for the last few days. They started out at 008 which was removed when a buyer showed up and are now at 006. It's as if they are pushing it down to be on the buying side.