MGO Global Inc (MGOL) News

If you get a chance take a look at AKBA. I've been buying it since June, but if they execute it's a bit of a story similar to LWLG on the biotech side.

And I'm completely out of it right now. I might day trade it again if the setup looks good to me. 

Yup... Me too. I made a couple of day trades on it today for good profit. I was priced at about the same place you were so that helped a lot. 

I took 90% off the table, I started running the numbers this morning and man did they screw the shareholders with that quick repricing maneuver. Looks like 6 cents is where this will be headed. $6 Million Dollars, company is giving them 95,000,000 shares post cashless exercise is 6 Cents. Originally I saw the .19 cent floor figure .12 was good. The shorts are down to 1.5 million now so 95,000,000 shares makes that more than acceptable. I have 20k shares left that I'll let ride.
Good Luck

Micro, I sent you a private message.

X. 

Cool. You never know about these things.  Cheap enough that a dime may return a dollar.  Something to do while we wait on the Yvester.

X

Never mind. I found it.

Can you point me to the SEC document that has this wording?

Hey X ... This is something to do while we wait for Yves on the other one, lol. I bought in to MGOL mainly because of the shorts overloading it beyond what appears reasonable.  Your explanation on the warrants was helpful. I'm thinking that someone wanted those warrants low and that's why there's been all the shorting activity. If your calculations are correct this one should start moving up tomorrow.

The shorts covered nicely, .5 m after hours.  1.5 today.

I am looking for a 1 month upside here.  Let's see, I ended up betting 110k shares, at .123 or so.

X. I'm rarely right on short term bets but that is about $15k in toto. Looking forward to a $100k return in however many months, I'm patient.

I am so curious about reg form sho. Dunno. Guessing volume will dry up? Again dunno.

"The Warrants contain a one-time reset of the exercise price (subject to a floor of $0.19 per share) to a price equal to the lower of (x) $1.425 and (y) the lowest volume weighted average price for our common stock during the period (the “Reset Period”) beginning four trading days immediately prior to the effective date of the Warrant Stockholder approval and ending four trading days after the effective date of Warrant Stockholder Approval"


The VWAP was 11 cents Yesterday so I'm showing that they are at 33 cents on the warrants?, the rest of this is just the market. I think we will soon see this recover; I couldn't help myself I did 50k today.

Check it out, meeting was last Friday Let us Look a Tuesday VWAP which was before vote on the Friday meeting .56 cents. This is just all about prices those warrants which was done as a dollar value so they got a boat load more warrants. at .19 They are going to do very well.

The shorts covered about 280k shares up 22% still another 3.5 million to go or 10 times as many, it looks like the shorts an in at about 50 Cents. Shoot this may squeeze.

Will form sho affect this?

Looks like warrants at .19 were/will be awarded.  Once legends lifted I'd guess that some will take .30 others will wait, I just skimmed but I think they have 5 year warrants.   It appears this is the last day after the meeting last Friday to determine the price.

X 

Just for fun did I 10k @ .1289 and 10k at .123 = $2500 bet. I'm showing short interest at 600% of free float.

I did see a reverse spilt in July. I did no research as to fundamentals

X crap shoot, something to do, looking for short squeeze looks like about 4 million shares short out there proly at about 50 cents on average, they either cover and take the profit or wait for it to go out of business. Looks like good crap shoot of $2500. If they cover they will need to buy every legit share out there 6 times. Form sho will come into play tomorrow.

So shorts will need to report if they own more than 2.5% of outstanding shares so if there are really only 2.9 million shares outstanding? 3 million 2.5% is any entity with 75k shares short needs to report every transaction for the month of January. Does anyone know if the outstanding shares increased recently?
???????

All those warrants getting converted to common stock (94 million) causing heavy dilution in price.

Loaded sub.40s Friday

Loaded sub.40s Friday

MGOL............................https://stockcharts.com/h-sc/ui?s=MGOL&p=W&b=5&g=0&id=p86431144783

MGOL...84s clearing...🥳Still looking for the .90 Gap Fill...Accumulated in the 50 to 70 range...

georgie18

Member Level
Re: georgie18 post# 131

Thursday, January 02, 2025 1:54:15 PM

Post#
132
of 134
MGOL...60s clearing here...🥳Looking for the .90 range gap fill...

georgie18

Member Level
Re: georgie18 post# 669670

Tuesday, December 31, 2024 2:00:15 PM

Post#
669894
of 670096
MGOL...Added .48 Dip...🥳

georgie18

Member Level
Re: None

Monday, December 30, 2024 2:59:23 PM

Post#
130
of 130
MGOL...63...🥳...Filling the .90 range open gap...

Thanks…🥳

Congrats

MGOL...60s clearing here...🥳Looking for the .90 range gap fill...

georgie18

Member Level
Re: georgie18 post# 669670

Tuesday, December 31, 2024 2:00:15 PM

Post#
669894
of 670096
MGOL...Added .48 Dip...🥳

georgie18

Member Level
Re: None

Monday, December 30, 2024 2:59:23 PM

Post#
130
of 130
MGOL...63...🥳...Filling the .90 range open gap...

MGOL...Added .48 Dip...🥳

georgie18

Member Level
Re: None

Monday, December 30, 2024 2:59:23 PM

Post#
130
of 130
MGOL...63...🥳...Filling the .90 range open gap...

MGOL...63...🥳...Filling the .90 range open gap...

.73

Little action

Merger and now dilution.

MGOL new 52 week low

ty...

It’s done

on or before August 21, 2024, MGO will file a Current Report on Form 8-K describing the transactions that have increased its stockholders’ equity and either (x) indicate that, through a balance sheet that is not older than 60 days and contains pro forma adjustments for the transactions, stockholders equity has increased to at least $2.5 million or (y) an affirmative statement that, as of the date of such report, it believes it has regained compliance with the stockholders’ equity requirement based upon the specific transactions or events described in such report.

they filed it yesterday after the bell

Not sure about the 10Q date

I think a squeeze is coming.

MGOL 10Q due AUGUST 21

8-K

#MGOL 🔥short squeeze on a low floater? next week would be huge! $MGOL

Monday 10$+

Oh boy

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

Finviz says float is around 600k wonder how accurate that is with 65% insider owned

My oh my

#MGOL 🔥 low float stock is running crazy! $MGOL

Hehe

Hard not to laugh

Oh my

Cha Ching

Uh oh

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

Guess no one else likes our company.

I'm in at what I thought was a low price. It has gone lower. Little bit of movement today.

Let er rip