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Some things that scare the bejesus out of me steal here is there is the dead zero expenditure on r&d and the rapid decrease in revenues. How does that end well? Then you see the operating expenses on sales is more than 50% more than the actual revenues. And this is as sales drop like a rock off a cliff. This is not a sustainable business model by any means. The only way to generate income is selling stock in a failing enterprise. Who makes out there stealofadeal?
https://www.otcmarkets.com/stock/MGON/financials
That is hardly all steal...Gardner dude pops up all over the place. He has his fingers in the till in more ways than one. I'd also do a closer look into some of those other investors before I ever thought of this as an investment. They usually find suckers on the internet to put their money down on a failing company, then sell out from underneath them. That is a scary scenario.
GS Capital Blends LLC, Mark Suchy and Joel Gardner managing partners
Owner more than 5% Bonita Springs, FL 50,000 Series D
Preferred
Stock
50%
Just one successful product release will spread the word about the company, its team, and all the rest of what they have to offer...This could be huge, I MEAN IMHO DOLLAR$ PP$...multiple dollars?...buyout?...looking at the trees of the forest as we speak...I said once this could be a $4 stock in 2027...GLTUA 🫡...Go Team go! WORLD-WIDE!
I believe this is Team/Williams next big ticket item as he has/is finalizing and to me has gigantic potential for coating SAPs
FACT it now has a journal article written that proves its efficacy in not only diaper market but other potential food preservation and odor control makes technology endless
NOW we need company to SOON spread the good word 
https://pubs.acs.org/doi/10.1021/acsomega.3c07164
Go Megola Team Go!...
Gravy train with no R&D, falling revenues=failing_company
https://www.otcmarkets.com/stock/MGON/financials
Don't be a fool. Joel Gardner is still running this MGON scam in the back end. And there are a number of very shady individuals involved. stealofadeal was absolutely correct in his warnings. This is dirty!!!!
Hard to get LLC info BUT IF you go way back to MGON 2003-2012 joel Gardner was CEO.
IN 2009/10 MGON bought fire blends for $1,900,000 usd from Newstar in Indonesia
SO fast forward, maybe the dude is owed money still from megola for fire? hence in financials as a coupon and maybe his portion of PFD D get returned like the other 25,000 shares ?
ANYHOW, MGON going in one direction, get on the train
Audited, NOT sure why preferred shares or their ownerships are even a discussion as the classes ALSO have conversion restrictions.
IF you want to play STEAL games you can see how that plays out, intelligence prevails
OLD Preferred A.B.C obviously reversed long ago BUT in financials even IF 1 share is still technically issued it HAS TO BE RECORDED in financials
Common: 269,876,881
Series A Preferred: 68
Series B Preferred: 6
Series C Preferred: 8
Special 2018 Series A Preferred: 1
Series D Preferred: 100,000
Series E Preferred: 0
Series F Preferred: 0
Series G Preferred: 0
Maybe just being a newbie here your not up to snuff in regards of NEW MANAGEMENT cleaning up MGON
Check out the liabilities
EVERY expense has BEEN Out of their pockets
YOUR insulting your own intelligence, be painted with a STEAL brush
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