Can Megola Inc. (MGON) Rise Above The Asher This Week?

Committed to providing environmental solutions through advanced technology and solving environmental problems, the penny stock of Megola Inc. (MGON) is on high alert this week as it is about to go virus-al! Spun by the “why didn’t you reply to my last email” alert group, MGON stock and the Trillion dollar industry they wish they could tap into should see some excess volume right out the gate today. Having announced late on Friday the completion of their restructuring plan, “reinstating shareholder value” is a focal point for Magaly Bianchini, the new incoming CEO, booking some revenues in the next 60 – 72 months must be a clear and present indicator.

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Market Cap: 3.51M
Last: 0.065 ▲ +0.005 (+8.33%)
Volume: 176,500
Dollar Volume: $11,473
Open: 0.06
High: 0.065
Low: 0.06
Trades: 16
Authorized: 200,000,000
Issued and Outstanding: 53,962,280
14-Day Rel Strength: 62.48%
1st Resistance Point: 0.0667
1st Support Level: 0.0617

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While most of today’s plays are retreaded tickers of the same pumps that have been ongoing forte past few weeks, Megola Inc. (MGON) offers some freshness in the way of a new level 2 to check out to watch. If for nothing more than a time-waster of a task, it will be interesting to see at what level Tangiers Investors, LP and Asher Enterprises Inc. decide to dump the convertible shares they got after being in bed with the Company for more than 3 years.

If it wasn’t enough to try and outwit those two well known toxic financiers, 538 Investments, Ltd, Euroline Clearing Corporation, Vanilla Sky, S.A. and Limestone Nominees are also sitting with 2,950,000 shares of MGON stock that they’ve been sitting on since March, 2011.

The mere fact that Megola failed to book a single penny in revenues during their fiscal year ended July 31, 2013 is overlookable since they didn’t spend a penny on a single expense during the year. With a cash balance at the end of their fiscal year equal to the same cash balance they had at the end of their last fiscal year ended, how can invest confidence not be overwhelming today wen it comes to buying shares of MGON stock?

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About MGON Stock

Megola, Inc. is a pink sheet listed development stage company focused on distributing physical water treatment; air purification; and fire safety products one day.

Click here to view the financial filings for MGON on OTCMarkets.
Click here to view the website for Megola.

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
11/15/13 0.0600 0.0650 0.0600 0.0650 +0.0050 +8.33% 176,500
11/14/13 0.0630 0.0690 0.0560 0.0600 -0.0001 -0.17% 700,200
11/13/13 0.0690 0.0880 0.0601 0.0601 +0.0001 +0.17% 372,100
11/12/13 0.0600 0.0600 0.0550 0.0600 +0.0004 +0.67% 52,900
11/11/13 0.0550 0.0596 0.0550 0.0596 +0.0095 +18.96% 97,500


Bottom Line:

There isn’t much competition out there today for fresh penny stocks which should be a benefit for MGON stock. The mission, should you be willing to accept it, will be to book profits on MGON before they are gone and the ticker self destructs.

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