$MGON News: Megola Retires Common Stock to Treasur
Post# of 8462
19,500,000 Common Shares back to Treasury.
CEO initiates investigation into past stock issuances that maybe eliminated.
LAS VEGAS, NV / ACCESSWIRE / August 25, 2021 / Megola, Inc. (OTC PINK:MGON) (the "Company"
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"We were able to reduce our outstanding common shares by 19,500,000 and I am currently investigating with our corporate team of past issuances of our common stock. Since bringing the company back in good standing we have determined that some previous managements may have issued stock that might not have been valid, so I owe it to our shareholders to review the history of the company as we move it forward. Currently there is over 20 million more common shares in certificate form that are being reviewed to cancel with proper legal procedures" states Megola CEO Robert Gardiner.
OS reduced from 254,595,060 to 235,095,060
Held at DTC 172,997,216
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For more information Contact:
Megola, Inc.
Attn: John MacLeod
http://megolacorp.com
http://twitter.com/megolacorp
megola2020@gmail.com
1-888-587-1698
Stock information here: https://www.otcmarkets.com/stock/MGON/overview.
Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
SOURCE: Megola Inc.
View source version on accesswire.com:
https://www.accesswire.com/661254/Megola-Reti...o-Treasury
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