MicroAlgo Inc (MLGO) News

excellent nice job , ya 2/3 MLGO

Yep
Chart is looking good.
Starting to curl up.

$MLGO weekly chart displaying huge accumulation! A break over 0.40 could boost the price for a vertical move pic.twitter.com/KLuOL0qip5— FonsieTrader (@FonsieTrader) October 10, 2024

Nice after hrs close! Was able to pick up some in the .33 range as well. This will be interesting going forward. I think the notes helped clear up any cash issues. Blue Skies ahead!

I only got lucky on my money clearing when we were at .21 😄 🤣
Both my acount averages are low .20ts
Still think we see 2 or 3 bucks. They have till March 25 2025 for compliance. Should be interesting 🙂

Went ahead and scrounged and bought a few .3419s.

Oh well it doesn't like after HRs haha. I would add if I had more $$.

Haha. Still holding the upward trend line.

on a roll Moonman gonna join those aliens on the dark side of the moon , 50 cents on the horizon MLGO

Huge volume buys even at these levels

Geez la weez dont care still buying more i'll pay MLGO

Added every dip today. Hoping for .50s tomorrow

Higher Peaks!

MLGO...344...🥳

ya all good , want to buy more MLGO

Haha. Looking good today. Be happy I said it was done. It always does the opposite of what I say

Let’s Go …

MLGO...30s being taken out on big block buys...🥳

MLGO...29s clearing on big block buys...🥳

MLGO...2711...Big Block buys comin in here...🥳

MLGO …251…Red to Green…🥳

Yup

MLGO...237...added more on the .21 dip...🥳

Convertible Note Transaction with Certain Investors




On October 7, 2024, the Company entered into Convertible Note Purchase Agreements (“Purchase Agreements”) with certain investors (the “Investors”). On October 8, 2024, the Company issued to each Investor an Unsecured Convertible Promissory Note (the “Notes”) pursuant to the relevant Purchase Agreements. The aggregate original principal amount of the Notes is $20,000,000.



The Note has a term of 360 days commencing on October 8, 2024. The Notes carry an aggregate original issue discount of $1,600,000. The Company bore the costs and other transaction expenses incurred in connection with the purchase and sale of the Notes.



Each Investor has the right to elect to convert all or a portion of the outstanding balance under the Note into ordinary shares of US$0.01 each in the capital of the Company (the “ordinary shares”) pursuant to the following formula: conversion shares equals amount being converted divided by the conversion price, which is calculated as (A) the lowest market closing price of the Company’s ordinary shares in the 60 trading days preceding the date of conversion request (B) multiplied by 70% and (C) rounded down to the nearest 2 decimal places. The conversion is subject to adjustment in the event of a share subdivision, share dividend, recapitalization, or similar transaction.



Ownership Limitation: The Company may at it option decline to effect any conversion of the outstanding balance under the Note to the extent that after giving effect to such conversion would cause the Investors (on an individual basis) to beneficially own a number of shares exceeding 9.99% of the number of ordinary shares outstanding on such date



Upon occurrence of an Event of Default (as defined in the Note), the interest rate shall accrue on the outstanding balance at the rate equal to 10% per annum. In the event of a default, Investors will continue to have the right to make conversions until such time the outstanding balance is paid in full.



The Registrant will use the net proceeds from the offering of the Note for working capital and general corporate purposes.



The foregoing descriptions of the Purchase Agreements and the Notes are summaries of the material terms of such agreements, do not purport to be complete and are qualified in their entirety by reference to the Purchase Agreements, and the Notes, which are attached hereto as Exhibits 99.1, and 99.2. The prospectus supplement relating to the Offering is filed on the SEC’s web site at http://www.sec.gov.



This current report on Form 6-K, including the exhibit hereto, is incorporated by reference into the registration statement on Form F-3 of the Company (File No. 333-276098) and shall be a part thereof from the date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

Like I said this is done. Does it have a bottom?

hmm ya all good :) MLGO

Best time to buy is Fridays. I bought today and am adding tomorrow. We have tones of flippers on twitter. I don't play that game.
Reason for the dip
⏬️ ⏬️

$MLGO Masaya Otsuka is out, which explains the drop. Looking for better levels, still believe that this is way undervalued. pic.twitter.com/kx7HjUBgYA— ElPerroDelPozo (@juanangel99) October 7, 2024

cool i'm going to wait till thur./fri. MLGO

MLGO...Added the .25 range dip...🥳

climbing MLGO

MLGO...3028...Gap Filled...🥳...Trying for Upper Bollie Break again...

georgie18

Member Level
Re: georgie18 post# 383774

Wednesday, October 02, 2024 4:48:06 PM

Post#
384125
of 384214
MLGO...32s gonna start churning here...🥳

georgie18

Member Level
Re: georgie18 post# 679

Tuesday, September 24, 2024 8:54:23 AM

Post#
698
of 768
MLGO...2351...43 Million traded in P/M...At break even on this one after averaging down...🥳

georgie18

Member Level
Re: georgie18 post# 383593

Thursday, September 19, 2024 11:50:18 AM

Post#
383690
of 383774
MLGO...21s clearing here...Upside down on this trade so far...Been averaging down...🥳

MLGO: Volume down and trending down......for now.

Cool.
see you there.

lovers being a douche that post was Aug. 13th , close was 73 cents MLGO

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174912443

no way this is done MLGO

Well it looks like this one's done. Oh well. Off to the next play

Come to Pappa haha. Order in for some 31s. Either way I'm already loaded. Just trying to grab some cheap shares

buying more next week, still loading MLGO

another thought Trump will be appointing Elon Musk so he will need a team to help save money , hopefully wins , huge contract lol insane if it happens 100 for sure MLGO

MLGO: More investment from Japan https://www.sec.gov/edgar/browse/?CIK=1800392&owner=exclude

MLGO: Low-floater; got a nice 9-24-24 NASDAQ low price warning; so, maybe Wall Street anticipating one of those TRENDING Reverse-Split routines??? (When in doubt, simply check DDAmanda's latest 'WALL-STREET-SCANNER', below.)

doing well should hit a buck quick MLGO keep buying

MLGO...32s gonna start churning here...🥳

georgie18

Member Level
Re: georgie18 post# 679

Tuesday, September 24, 2024 8:54:23 AM

Post#
698
of 768
MLGO...2351...43 Million traded in P/M...At break even on this one after averaging down...🥳

georgie18

Member Level
Re: georgie18 post# 383593

Thursday, September 19, 2024 11:50:18 AM

Post#
383690
of 383774
MLGO...21s clearing here...Upside down on this trade so far...Been averaging down...🥳

I figure 5 bucks short term , you never know 2 years out , maybe MLGO

MLGO...30s clearing here...🥳

I have been waiting for Super Mega news, not just big news..........:)

Hopefully will see it some time soon

I think 2 or 3 is realistic and if they have big news and it gets pumped 5 to 20 is possible 🤔

My dream price is $100 a share. Is that a wishful thinking? Or is it possible?

Yep
Buying more next week.
Got my average down pretty good so any adding is just a top off.

$MLGO The Roaring Kitty of Japan just bought a ton of shares of this stock. It is going to go up pic.twitter.com/aXfJvEOubH— Cris (@corbul_alb) October 2, 2024

i don't care about today , buying MLGO