MGO Global Inc (MGOL) Share Price

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

MGOL: In that regard, I just won a local San Diego Golf Tournament!!! (But truth-be-told, there was a scale-model Statue of Liberty, Eiffel Tower, & Dutch Windmill on the course; & a charming 7-yr-old girl won Second Place.)

Out $1.57....$1.60. Wow....wasn't expecting this today. Made my entire month..Now I can go play golf.

MGOL Heck, CONGRATS on your taking-on the legendary 'MGOL EMPIRE'!!! (No pun intended.)

+200% made a small trade on MGOL, missed the bigger run

breaking 1m bullish trendline
lets see if 1.30 holds

Heidmar, Inc., a Global Leader in Crude Oil and Refined Petroleum Marine Transportation Services, Agrees to Business Combination with Nasdaq-Listed MGO Global Inc
MIAMI, FL, LONDON, UK and ATHENS, GREECE / ACCESSWIRE / June 20, 2024 / MGO Global Inc. (NASDAQ:MGOL), a digitally-native, lifestyle brand portfolio company, ("MGO", "MGO Global", or the "Company"), and Heidmar, Inc., a global commercial and pool management business serving the crude oil and refined petroleum product tanker market ("Heidmar") via an asset light business model, today jointly announce that they have entered into an agreement for a business combination ("Business Combination Agreement" or "BCA"). Upon completion of the proposed transaction, the combined company will operate under the Heidmar name and be listed on the Nasdaq Capital Market under the symbol "HMAR."

Key Highlights

Heidmar is a single platform aggregator of maritime services for the tanker and dry bulk industry with unique and proven asset light business model
Strong cash position and no debt provides high flexibility for future growth
Heidmar has an established and diversified customer base leading to net income of $19.6 million for fiscal year ended December 31, 2023
Predictable fee-based earnings to further mitigate freight rate exposure
Heidmar anticipates being a dividend paying company post-closing of the proposed transaction
Transaction to be completed at a significant premium to MGO's current stock price
Heidmar has been recognized for its commitment to excellence in commercial management, chartering and asset management advisory services. It offers broad services to shipowners, including tanker pool management, commercial management and time charter trading and is actively expanding into dry bulk pool management, vessel sale and purchase services and technical management services, including environmental compliance. Heidmar currently has more than 60 vessels under management, including both crude oil and refined petroleum product tankers, with an aggregate capacity of approximately 8.3 million deadweight tons.

Commenting on the transaction, Maximiliano Ojeda, Founder, Chairman and CEO of MGO, noted, "We are thrilled to announce this Business Combination Agreement with Heidmar, which we believe will position the combined company to capitalize on the evolving, underserved demands of the massive $370 billion global tanker shipping market. The fundamental strength of Heidmar's profitable business, coupled with anticipated future growth fueled by its leading asset-light business model, provides a compelling and potentially transformative opportunity for our fellow MGO shareholders. As MGO has worked through this process, we have been particularly impressed with the significant public company experience of Heidmar's leadership team, as well as their long track record of success in driving growth and sustainable value creation for shareholders and the world's leading oil and energy companies, traders and ship owners."

Pankaj Khanna, Chief Executive Officer of Heidmar, added, "Today marks a key inflexion point in the ongoing evolution of Heidmar as a global leader in the marine transportation services industry. Having profitably grown Heidmar's revenues ten-fold, from $5 million in 2021 to nearly $50 million in 2023, we also generated net income of $19.6 million in 2023 leading to approximately 40% net margins. Heidmar has established a sound foundation that is expected to effectively support substantial future growth through diligent execution of our business expansion strategies. I am very proud of what the Heidmar Team has achieved since we assumed leadership of the Company in 2020 and look forward to leveraging the Heidmar brand and relationships built over the last four decades to fuel further growth. Heidmar has a critical role to play in the decarbonization of the shipping industry by providing operational and technical measures to our clients to reduce CO2 emissions."

Transaction Overview

The transaction will be effectuated through a holding company structure, whereby MGO and Heidmar will each become wholly-owned subsidiaries of a newly incorporated Marshall Islands company ("PubCo"). Under the agreement, shareholders of MGO will receive one registered common share of PubCo for each share of MGO's common stock they own with an implied fully diluted equity value of $18.0 million. Heidmar's shareholders will exchange their shares of Heidmar common stock for $300 million in registered common shares of PubCo, subject to certain adjustments, at the same implied price per share as MGO.

The transaction also includes an earnout payable to existing shareholders of Heidmar ("Pre-Closing Heidmar Shareholders"), which, if earned, consists of $30 million of additional registered common shares of PubCo. PubCo would issue these shares to Pre-Closing Heidmar Shareholders if PubCo achieves or exceeds US$45 million