MGO Global Inc (MGOL) Noticias

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

Boom

Mistakenly thought this was pharma....

https://stockcharts.com/h-sc/ui?s=mgol&p=D&yr=0&mn=5&dy=10&id=p24986097784&listNum=23&a=1113701411

Decided to jump in yesterday.

Like their core business.

MGOL seems done now CYN

MGOL will it trend higher

Fading away

Gol…… Price

MGOL
MGO Global Inc
2.34
+1.0900
+87.20%

BNED
Barnes & Noble Edu.
0.917
+0.382
+71.46%

Yes, thanks, play "the move" and get out don't look back, lol, the scammies almost always pOp the best...there's at least one EVERY day...

Anyone a bit concerned that everyone of their products online is sold out??? Or they completely out of stock??? Just wierd just saying…


www.TheMessiStore.com

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Z

MGOL: 5-bagger, and nobody cares!! (Is this the WRONG board for this one????)

MGLO: And get some MORE, stupid!!!

MGOL: Already did, Bro!! (But THANKS for the reminder on THAT score!! What a CRAPS-SHOOT this stuff has become, Bro!!)

They have only retained +400% in additional debt. Be careful get your crumbs n jum ship.

MGOL: Soaring in the Pre-M, but a patently-DEAD iHub board behind it. (Whatever; but nonetheless gettin' noted over on Orion's Funhouse.)

MGOL new 52 lo