Megola Inc (PK) (MGON) News

Correct! Have to love that button.
However, I do love a good debate assuming they understand or have a valid reason to believe.
TGIF.

Ignore is a wonderful thing...time-saving having to read only 1/2 the posts created...I'm a very patient man here... we'll find out $oon enough...I think this could be a life changer IMHO...GLTUA

So, I'm curious.

Perhaps the peanut gallery can confirm for us if their CEO is working on a stock offering that's 5 1/2 times its current trading range.

Funny how they showed up with their words of wisdom and have been missing since the offering showed up.

This Methodical Legit Management IMHO I just bet has some connections and Gardiner is a man hi$torically who has always got it done..."I believe!"....Go Team go..."They believe!" 🫡🏁💸 🌎️

Hot summer? IMHO I think hot next half decade...$$

Thanks!

Great post. Agree 100%.

Time will tell if I'm correct. I'd say roughly 2 weeks best case or 2 months worst case. Which is why a wise investor will not chase the stock but let it come to them.

Given the stock has no liquidity is going to be the reason this could break out hard with either a confirmation of a PO or SEC approval. If we see a private placement here at a discount set at .025, it will likely have limits on when it can be transferred, meaning there will be limited stock available to trade.

Great post. Agree 100%.

In order to have set that floor of .025 for the offering, they would have to come to the investor with a valuation over a nickel to dime IMO.

No smart investor is going to lay out that kind of money with a stock at the current price point with no liquidity, without a revenue stream.

Given the fact that capital request is backed by common stock with little to no liquidity is a high bar. Especially given the current and future credit issue in the market.

Simply telling investors we have a business plan it NOT going to raise $10M, they will have to show a PO in order to raise that kind of money in the OTC market.

Another telling sign is they listed the stock at a "NET" valuation with NO expense which is interesting itself. Given the team has experience in raising stock offerings they understand what needs to get done to raise a NET offering.

I personally believe this is going to be a HOT summer here.
Enjoy the ride!

I'll take $1.00+. Been patiently waiting and complaining for nearly 4 years now. Or has it been 4 already. I don't remember. Anywho, boat is loaded here

This Methodical Breakthrough Chemistry Management could produce a big one....Dollar$(how many?) in a couple years...GLTUA 🫡🏁

WELL they have a month or so before Tier 2 approved by SEC so one can assume they are in discussions with potential large lenders. They have a VAST portfolio of BREAKTHROUGH CHEMISTRY technologies and seems a solid business plan to follow.

Not a get rich quick scheme BUT could be a solid investment nonetheless.

Company seems to have set "their basement floor" at .025.

pretty sure management knows what they are doing regardless of what a few clowns may try to post

FIND me a OTC as good as this one

Something's up.

These guys have other interests, slow and precise will be their plan.
Mgon

Now IMHO that IS a plan from our LEGIT management, and if successful...boom! 💥$💥 GLTUA

It will be 1 out of 75 or so!! The others can keep me busy!! The otc is all about waiting!!

Worth watching. Just prepare for a looong wait.

I'm going to add this to my watch list!!

Time will tell...Go Megola Team Go!....Team Local, Team Global🌎️🌍️🌏️....Eventual Team Goal...Dollar$$...IMHO of course...GLTUA 🫡🏁💸

That's what they all say!! Lol 😂 but good luck though!! I haven't done any DD so I'll take your word for it!!

I was just thinking about this yesterday actually lol

Shouldn't they update this board category so it's not in the "Cannabis" category anymore?

Agreed. I guess we should be able to find out soon.

What's even more interesting is that its not Jeffry Williams first rodeo!

https://www.breakthroughchemistry.com/blank-2

It is interesting to do an offering at that price but also intriguing as I assume they may have something to drive the share price there.

Having watched this company for over three years and the management style (No P&D) against what they have done in the last two years would support that something is in the wind. JMHO

It is interesting to do an offering at that price but also intriguing as I assume they may have something to drive the share price there.

It's also interesting that the plan calls for additional team members.

ITYS well said.

Having been involved in private placements I find the offering timing and pricing more than interesting. Based on the recent announcements related to their new products and given they covered the legal costs for the offering already is interesting.

While the Plan of Operations is nothing more than talk, it does demonstrate to the shareholders that THEY HAVE A PLAN!

Bottom line, show me the contract or show me the money.

Don't forget new site and team. I imagine that will be rolled out along with this.

Back at you!
All good here in this crazy world we NOW live in. My gut says you have time on this one, unless the company comes out with news to justify this new offering.

Given they are looking to start in just a few weeks at 5xs over the current price would tend to support we see news sooner versus later.

I think many are reading too much into the offering.
It is a simple Tier 2 offering where company has option to raise up to a chosen amount (max is $75m/yr) and they chose $10m in a year and can halt anytime they choose.

NOW what's interesting is the chose a higher pps for offering (.025) so management has a perceived higher value to the company and products and must believe they can raise funds at that price or why would they spend money their money on audits ($40k?) and money to file form 1A ($30k).

FOR THOSE IN under .025 it seems like a bonus as company has chosen what they hope is the bottom floor at .025 IMO

THEY have a plan
BUT not a get rich quick scheme that some may expect lol

Plan of Operations
We anticipate that the capital we intend to raise in this offering will be sufficient to enable us to execute our business plan, including, but not limited to hiring a strong management team and key personnel; promoting sales by conducting more marketing; executing on the milestones described in this Offering Circular; and achieving growth by way of strategic partnerships.
It is the opinion of Company management that the proceeds from this proposed offering will satisfy the Company’s need for liquidity and cash requirements and put the Company in a position to grow its business in accordance with its business plan. Please refer to Use of Proceeds, Part II for the Company’s planned use of proceeds to be generated from this proposed offering.

Milestone 1: Month 1
In the month following the successful closure of our fundraising efforts, we have outlined a series of key milestones that are pivotal to the growth and expansion of our business. A primary focus will be on enhancing our organizational structure; this includes building out our management team and staffing to adequately support and drive our business objectives. Concurrently, we plan to initiate the distribution of samples of our mobile device protection product in key markets, specifically India and China. This step is crucial in our strategy to establish local partnerships, thereby extending our global reach and reinforcing our market presence in these significant regions. Additionally, we are set to implement a comprehensive Customer Relationship Management (CRM) solution. This system will be instrumental in efficiently managing leads and orchestrating our marketing initiatives, thereby streamlining our customer engagement and outreach efforts. On the production front, we are gearing up to initiate the scale-up of our SAP (Super Absorbent Polymer) technology, in collaboration with a contract blender. This move is aimed at enhancing our production capabilities to meet increasing market demands. Moreover, we are on track to complete critical human skin contact studies with SAP, as well as with diaper swatches. These studies are vital in ensuring the safety and effectiveness of our products, fortifying our commitment to delivering quality and reliable solutions to our customers.

Milestone 2: Month 2 to Month 6
During the second to sixth months following the closure of our fundraising, The company is set to accomplish several significant milestones that will propel our company's growth and innovation. One of the foremost achievements will be receiving the first batch of test results and certifications for our fire safety, bedbug, and hand purifier products, a critical step in validating their effectiveness and market readiness. In tandem, we plan to submit a Food and Drug Administration (FDA) food contact notification for our food security products, ensuring compliance and safety for consumer use. Additionally, we will complete human smell perception studies for our incontinence products, furthering our commitment to understanding and meeting consumer needs. Parallel to these product developments, we will be making substantial advancements in our operational capabilities. This includes leasing space for a new laboratory and acquiring the necessary equipment to bolster our research and development efforts. A major corporate milestone will be the completion of our rebranding to Breakthrough Chemistry, including a change in our company name and symbol, symbolizing a new chapter in our journey. We will also be actively engaged in securing intellectual property rights, including filing patents for certain technological applications, and pursuing pharmaceutical removal certification. The creation of product demonstration videos will be another key focus, enhancing our marketing and customer engagement strategies. Moreover, we will file trademarks for various products while continuing to prosecute existing patents, ensuring robust protection of our innovations. Notably, we will also confirm the safety of contact and inhalation of our OdorSol product and validate the efficacy of our SiO2 coating on solar panels. Finally, we aim to execute between two to three licensing or distribution agreements, marking a significant stride in the commercialization and sale of our diverse product portfolio.

Milestone 3: Month 7 to Month 12
In the latter half of the year, spanning months 7 to 12 post-fundraising, we are geared to achieve a series of milestones that will significantly enhance our product portfolio and market positioning. A key initiative will be to submit an EPA sanitizer claim for our odor remediation product, marking a crucial step in expanding its applications and market appeal. Concurrently, we will complete ethylene inactivation studies for our food security product, underscoring our commitment to innovative solutions in food preservation. Additionally, we will conduct horticultural studies to assess the impact of our coatings on plant growth, a venture that highlights our dedication to agricultural innovation. On the personal care front, we plan to finalize human skin studies with our personal deodorant product, ensuring its safety and efficacy for consumers. Complementing this, microbiology studies on our food preservation products will further establish their effectiveness and safety. In terms of infrastructure, significant investments are planned for manufacturing facilities and equipment, laying the groundwork for increased production capacity and efficiency. Moreover, we will apply for organic certification for direct food use, a move that will enhance the credibility and marketability of our products in the organic sector. We will also submit patent applications for some of our fire safety products, ensuring the protection of our innovations. Alongside these developments, the completion of product videos and literature is slated, enhancing our marketing and promotional efforts. This will be complemented by the creation of promotional materials and a trade show booth/display, crucial for our visibility and engagement in industry events. Another pivotal milestone will be the third-party testing of our new hydrophobic fire safety formulations for environmental surfaces, including soft surfaces, validating their effectiveness, and broadening their potential applications. Finally, we aim to execute an additional 2-3 license or distribution agreements, further expanding our distribution channels and reinforcing our presence in the market.

Well this is not your 99% of the time average or below average team or products...it all takes time and I think one day this might not be OTC ⬆️..IMHO of course...GLTUA...looking forward to the finish line and am sticking around for it... ☝️😉🏁

Oh thank you wise sage. Your wisdom is so rare in these parts.

Clowny bashers show up and suddenly there's a buy that's above the grade? This is just being manipulated. By whom? Probably a trade group.. it's about time. It's drama time.

Been in the otc for years and offerings never make sense to the average investor!! If you're wondering whether or not the price will reach that amount I've never seen it happen!! At the end of the day it's still dilution said in a nice way!!

It will be interesting to see how this plays out. Hoping for the best.

Likewise. Nothing has happened for so long it's hard to believe something good is happening. But up 80% on 175k volume is impressive. That's how this low float has run before. Hoping for good things to come. I'm sure it's being watched now.

Forgot to say that I no longer pay for Ihub so can’t respond to your message.

Hey buddy - it’s been a long time! I hope you’re doing good! Got your message, appreciate you bringing MGON to my attention - I’ll do some digging on it and will see if I can join you guys with some shares.

Don't see it in the cards given the current OS and especially with the way the offering is outlined.

Reverse split is a possibility. We need clarity from MGON directly.

Note the date of the offering is set for 6/10/24 on 400M common shares at $0.025 against a support price of $0.004 with little to NO volume.

In order to even begin to believe you're going to find an investor(s) to part with $10M based on what we know today would be a pipe dream at $0.025 in this credit market. However, given Williams has a background with stock offering, my gut says we see a contract that supports a stock valuation closer to nickel per share if one believes that investors are going to step up at $0.025.

It's not likely to see a private placement at this price level without a revenue stream to back it up. The bigger question here is why they need to raise $10M, things that make me say Humm!

It is a nonsensical issue with the current share structure.
Mgon

Fair point. Does seem highly unlikely.
I am probably just too jaded here to entertain this development as a net positive. I'll hold for more information, hope I'm pleasantly surprised.

This and the company has stated that they find r/s a very unattractive/unappealing option. Of course in time, people change their minds.

A reverse split would reduce share count. It already has a low float. Doesn't make sense.

Reverse split is a possibility. We need clarity from MGON directly. I wouldn't be jumping for joy here just yet.

I think .25-$1.00+ by next year....ALL IMHO of course...for 2027, 2030? DOLLARS...PLURAL ...if successful, Worldwide Big ticket items, diapers, etc,etc,etc...GLTUA and go Megola Breakthrough Chemistry Team!

As soon as we get to one cent, next week will be easier to get to .02 or higher
Go $MGON
Bill2

We will be one cent soon before end of week. This stock moves fast, small float
More people will get in after he goes over one cent
Go $MGON
Bill2

They want this to eventually reach Dollar$...GLTUA

I'm still reading through the 1A myself so I'm unsure. It sounds as though they are issuing these shares to serious investors at the moment. There's a lot of good information in there though.

Who's buying at .025 when nobody is buying at .005 or less? What do they have up their sleeve?

Thank you ITYS for posting this 1A. It wasn't working for me last night when attempting to access it. Seriously good reading material