MGO Global Inc (MGOL)

2.37 the 1/20 puts this at 12 Cents.

Didn't they put up 6 Million Bucks awarded 95 Million shares? That is 7 Cents, so those cats are still doing well for a 1 month return.

.07 to .12 that is a 75% return.

This board will disappear soon.

X

Trading at $3.23 post split now (HMR).   70% off split price from just last week.  Greeks shipping companies know US traders of their stocks are dummies.

Just when the stock approached 7, someone dumped a million shares.

HMR appears to be trading within a short term range of $5.50-6.00 right now. Looks like a lot of monkey business going on. Those Greek trading rooms are in full court press mode.   

Could just as easily go to 10 as it could go to 4.

Halted at $5.27, down $3.48 on 11.9 milllion shares.

Just resumed as I'm writing at $5 after trading as low as $4.32.

yes- no ihub board yet? shows an amex position

30/1 ratio

thanks

$HMR $9.50. DONE DEAL..

zero vol??????????????

This is company info that was provided to the public via proxy statements.Good luck and good trading.

Pump over RS next, short the shit out of it them $$$$$

Thanks, as info I wasn't trying to bust your chops, close enough.

X interesting to watch

The $5.18 is incorrect it should be $5.28.The 300 million valuation divided by the 56.8 million shares for consideration.Thus giving you a 0.176 or 17.6 cent valuation for MGOL shares.This is taking into account the 1/30 ratio.There still is a ways to go for MGOL to drop for fair value.Good luck and good trading.

$MGOL the rocketship ride of the century. Remember $DRYS? George Economou?

George Economou, CEO of DryShips: “We are excited to complete the acquisition of 100% of Heidmar and to simplify its ownership structure that will allow us to develop Heidmar to its full potential as an independent business line.”

Trading in DRYS was halted on November 10, 2021 due to a short squeeze.
The next day, DRYS rose 14%.
Trading resumed on November 14, DRYS gained 215%.
November 15, DRYS opened with a 70% gap up.
DRYS's price increased from $4.75 to $120 over the four days.

Greek shipowner George Economou no longer has any interest in Heidmar, which he had held via his DryShips listed company.

Pankaj Khanna, key lieutenant of George Economou for years, bought the Greek shipping magnate’s tanker pool Heidmar. No price has been revealed for the acquisition.
Khanna, the CEO and now sole shareholder of Heidmar: I am excited about the strong platform to leverage off.”

You think George is really gone? Think again...

Where did the $5.18 come from.

Thanks
X

It was reported first to be a 1 for 1 exchange.On Friday that changed to 1 for 30.Basically making the shares to be worth 17.2 cents.This number is $5.18 divided by 30 = 17.26666 cents.The 5.18 comes from the issuance of shares at this price.MGOL will only have a small percentage ownership of the new company HMAR.The shares will fall much further in the coming days,leading up to the merger to HMAR.Good luck and good trading.

MGOL (Circa 7-Mil. Flt., 15% Down Open-M): $0.72 Closing Price; 26% Down Post-M; 1-14-25 (Post-M) news, merger approved (Florida); looming new NASDAQ Call Letters will be "HMR":
https://finance.yahoo.com/news/mgo-global-stockholders-approve-business-222000589.html
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

Good post.

I was so hoping the idiots would wait a few days to mention any R/S. With the momentum building, it could have easily ran to $2.00 a share and maybe higher. Insiders acting like a pink sheet OTC operation than a Nasdaq operation.

Perhaps - legally with the gubment - they had to announce the 30:1 when they did. Suppose?

That was just the latest thing, first they had the 1 for 10 reverse split in July, then a few weeks ago the repricing of the PP, anyone that was paying attention saw those things occur should have skedaddled before the 1 for 30 was announced

"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"

And they ended up getting 95,000,000 shares.

Repricing shares, awarding them 95,000,000 shares then the 1 share for 30 to the common folk. I'm glad I bailed, I made a few bucks though. For those remaining let's see how they price HMAR.

X When I read what they did I said to my wife, "this looks like someone that went on vacation to Greece and met someone in the bar and came up with this plan"

Then I read the name of the holding company. Check it out, "PubCo"
Think about that for a minute.

The surprise 30:1 R/S sucked every ounce of hope from this investment IMO. Best of luck to those who believe differently.

MGOL: Was just bustin'-ya-knuts, Boss!!! (Have a great President TRUMP's birthday celebration!!! And see ya TUESDAY!!!)

Thanks, For the life of me I can not understand what flag poles and marketing have to do with servicing ships.

X, fun to watch.

This transaction effectively represents a complete business pivot, transforming MGO from a digital lifestyle brand into a maritime operations company. The substantial dilution and dramatic business model shift suggest this is more of a shell company utilization than a traditional merger of equals. Current MGO shareholders should carefully consider that while they maintain their Nasdaq listing, they are essentially becoming minority shareholders in an entirely different business with different risk factors, market dynamics, and growth prospects.

From what I understand, trading will take place under ticker MGOL until end of month when merger is to be completed !

$MGOL $HMR See the Link below ( I always provide ) and just to clear up a few things.
1. The NEW SYMBOL shows is HMR, which should reflect in any holdings one has through your broker. I have seen
some Posts that showed different ,but go with the one on the publication and Filing that came out . HMR
-
2. Yes it will be a 30 - 1 for MGOL holders.
--
But here is where there many different Posts showing the MATH of the outcome . It will be interesting to see what the value is as
it did drop from MGOL in after Market Hours , but that may change. Also I would not use the MATH of where MGOL WAS on Friday as
a few things may come into play. ALL TBD, so just be on top of what the trend is here.
a. Market Cap with the new entity coming in Heidmar and what THEIR VALUE Brings
b. Then on any Cusip change and Business Combination the SHORTS HAVE TO COVER and CLOSE THEIR POSITION Prior to the Merger
c. Based on the Large amount of volume FRIDAY for MGOL it appears that was happening
d. Since there is new CUSIP and SYMBOL in play , the Shares may not be there and one may see a dramatic upward or strange trend.
---
Lets see
Here is filing and PR Merger Info
https://www.globenewswire.com/news-release/2025/02/14/3026911/0/en/MGO-Global-s-Stockholders-Approve-Business-Combination-with-Heidmar-at-Today-s-Special-Meeting-of-Stockholders.html
--
General Info on what happens (TBD) but FYI
https://www.investopedia.com/ask/answers/05/shortsaleclosed.asp

Yes indeed...for a good read.look into

Silent childhood

https://israelbookshoppublications.com/products/silent-childhood

Not me ..stopped out twice at $1s early morning. But prior to that a couple of positive quick flips ..chart wise still lots of crazy ups and downs not for the faint coming up. 

So if I understand what happened this board will go away and be traded under HMAR.  If you owned 300,000 shares purchased at .12 for $36k and it ran to 1$ yesterday was worth $300k.  Now those 300,000 shares will be traded for 10,000 HMAR.  

Greek shipping company executives strike again.  Shareholders are always the last to know the most important disclosures.

MGOL: Ooooooops!! (See MGOL's final 'CHART' for today, below. So much for THAT 'Shareholders Meeting' & Merger Conference!! Well, maybe now a looming 'BAGHOLDERS' meeting??)

MGOL: This is your Captain speaking!! We have a PROBLEM!!!

MGOL: Heck, Bro, see below their PRESS SECRETARY's final comment to their Shareholder's at their latest meeting!! (But at least she was almost as GOOD LOOKING as Pres.Trump's HOT-BLONDE-CHICK Press Secretary!!)

MGOL atty. office building in Ft. Lauderdale "for sale" sign up

Who said it was 1:1 ? The conversion chart was long published and a condition of SP.
Is this not short news trash talk?

Shafted,they changed the ratio from one to one,now it's 30 shares of MGOL to 1 new share.Like I said shafted,they knew MGOL was desperate and they took advantage.This is the same as a 30/1 RS.Sorry people but the fun is over.Good luck and good trading.

MGOL: I thought REVERSE-SPLITS were supposed to send stocks SOARING these days, RIGHT??? (But years ago, a RS invariably sounded the proverbial DEATH KNELL for any stock.) Or maybe MGOL is crashing RED now because the Firm finally had that Shareholders' VOTE --- whatever it was about --- but everybody voted in the WRONG direction???

SEC vs. DOGE guns at sunset...I look forward to a day when we don't see all the OS falsely (dark shares/ naked shorting// et.al.) dumped on the market in a matter of minutes. The Golden Age shall return to shareholders vs. fund managers.

proposed 1 for 30 RS? Accordingly, at the closing of the Business Combination, holders of the MGO common stock will receive one Holdings Share for every 30 MGO Shares. Holdings will not issue fractional shares in connection with the Business Combination. Instead, Holdings will pay cash (without interest) to the MGO stockholders that would otherwise receive a fraction of a Holdings Share in an amount based upon the closing price of an MGO Share on Nasdaq on the day prior to the closing of the Business Combination and in a manner consistent with the procedures of the Depository Trust Corporation.

MGOL from .91 to 1.26 in a few minutes when their foot come off the brakes.. Going to be a rough ride, yet could be a wild run.

In an amended filing yesterday L1 Capital Global indicated it has sold all it's shares.   The initial filing last month said the fund owned 9.99% of outstanding shares (before the warrant conversion).

Attention all crew this is your captain captain insano. All investors to your battle stations
Prepare to go to warp 5 we have engaged warp engines put your seats in the up right position and enjoy the flight to the gold planet . I repeat were engaging warp engines see you in the gold fields

....On January 31, 2025, MGO and HMI entered into the Second Amendment to the Business Combination Agreement, pursuant to which the parties agreed to extend the termination date of the Business Combination Agreement from February 10, 2025 to February 28, 2025.

.98 boom
Boomm

I've heard that the MGOL merger is not a one for one share swap....any truth on this?

Correct .. captain insano here in total control by Tuesday we're going warp 5 . If you only knew who I am . Trust me we're going warp . To all holders this week it was a happy Thursday
. That was warp 3 were going for warp 5 directly . By Tuesday

Too all the children out there this is insano captain of this ship you experienced warp three today within the next two days we will be engaging warp 5 . Hang on to something secure . This is not a drill. Mgol is preparing to engage warp engines before Tuesday I repeat this is not a drill captain insano is in control of this ship. Buy now or see ya in my particle beam dust. Lmao this is not a joke . Fasten your seat belts this fucker is going warp.

This gonna be fun tomorrow. 😛

$MGOL Business Merger gets VOTED ON FOR APPROVAL tommorrow 2/14. Shorts are seeing this and the result has been showing all day . Exiting when they can , big time MOVES STILL COMING . See the link below ( I always provide Links)
https://finance.yahoo.com/news/mgo-global-issues-reminder-special-223500572.html

I'm looking more for $4.00 - $5.00 once the merger is set in motion.

With a 300 million valuation and the 92 million share allotment,this means a share value of $3.30.I think we have a ways to go.Probably see one dollar today and two bucks tomorrow.Good luck and good trading.