MGO Global Inc (MGOL) Quote

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

$MGOL Chart from #DDAmanda - #1 Stock Screener :

Find Winners Early.



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

MGOL new 52 lo

$MGOL MGO Global Expects to Report a 400% + Increase in Total Revenues for Full Year 2023 on April 1, 2024

also has this 8-K filing from March 26 still no PR (might get that as soon as Monday):

On March 20, 2024, MGO Global Inc. reached an agreement with Centric Brands LLC to transfer the Trademark License Agreement of the Messi Store, involving a $2,000,000 payment. The deal was formalized through a Deed on March 21, 2024. By March 30, 2024, Centric will assume control of The Messi Store, relieving MGO Global Inc. of payment obligations and streamlining operations.

https://finance.yahoo.com/news/mgo-global-expects-report-400-133000345.html

MGO Global Expects to Report a 400%+ Increase in Total Revenues for Full Year 2023
MGO Global
Thu, Feb 15, 2024

As of November 13, 2023, there were 14,245,291 shares of common stock, par value $0.00001 per share, issued and outstanding.

MGO Global Announces Third Quarter 2023 Financial Results
Total Revenues Climb 948% and 1017% for Comparable Three and Nine Months Ended September 30, 2023

MIAMI, FL, LONDON, ENGLAND, and NEW YORK, NY / ACCESSWIRE / November 14, 2023 / MGO Global Inc. (NASDAQ:MGOL), a digitally-native, lifestyle brand portfolio company, ("MGO" or the "Company" or "MGO Global"), today announced its financial results for the three and nine months ended September 30, 2023.

Third Quarter 2023 Financial Highlights

Total revenues for the three months ended September 30, 2023 and 2022 rose 948% to $1,469,802, up from $140,191, respectively.Revenues from The Messi Store climbed 197% to $415,641 compared to $140,191 for the three months ended September 30, 2023 and 2022, respectively. Sales of Stand Flagpoles products totaled $1,054,161 for the three months ended September 30,2023, compared to $0 for the same three months in the previous year due to the fact that the Company did not license the brand until March 2023.
For the comparable nine-month reporting periods, total revenues increased 1071% to $3,755,441 from $336,103.Sales of products sold through The Messi Store nearly tripled to $931,840 compared to $336,103 and total revenues from the sale of Stand Flagpoles products totaled $2,822,601 compared to $0 for the nine months ended September 30, 2023 and 2022 respectively.
For the comparable three-month reporting periods, net loss increased 307% to $2,552,113, or $0.17 loss per share, from a net loss of $627,331, or $0.06 loss per share, respectively. For the nine months ended September 30, 2023, net loss totaled $5,170,443, or $0.36 loss per share, representing a 178% increase from a net loss of $1,859,061, or $0.17 loss per share, for the first nine months of 2022.
As of September 30, 2023, cash totaled $1,721,050; working capital totaled $2,421,371; there was zero long-term debt and total stockholders' equity was $2,630,974.
Maximiliano Ojeda, Co-Founder, Chairman and CEO of MGO Global, stated, "I am very proud of the commitment and exceptional execution by our team in their collective efforts to continuing scaling our brands, particularly given the challenging economic backdrop that is taking its toll on consumers. While we anticipate the macroeconomic environment to remain challenging through the remainder of the year, we have every intention to continue to focus on creating value for our fellow shareholders by maintaining operational excellence in our day-to-day business activities and implementing growth strategies designed to expand both our portfolio of distinctive brands and categories of high quality product offerings to our customers."

For more detailed information on MGO's third quarter 2023 financial performance, please refer to the Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission and accessible at www.sec.gov or on MGO's website at www.mgoglobalinc.com.

As a reminder, MGO's management team will host a public webcast this afternoon beginning at 4:30 PM Eastern Time to discuss the Company's third quarter 2023 results. To access the webcast, please go to https://www.webcaster4.com/Webcast/Page/2957/49420. The webcast will be broadcast live and available for replay through the same link.

About MGO Global Inc.

MGO Global is actively engaged in building a portfolio of independent, digitally native, lifestyle brands, which are unique and differentiated, yet all defined by distinctive, high-quality products and a shared commitment to delivering high-touch customer experiences across its ecommerce and wholesale channels. MGO is currently comprised of three business units: MGOTeam1 which operates the The Messi Store, offering a premium line of functional and sporty casual wear, accessories and homewares inspired by legendary pro soccer player Leo Messi and created by Ginny Hilfiger, our co-founder and chief design officer; Americana Liberty, which markets a growing, high-end line of thoughtfully curated home and outdoor products on Stand; and MGO Digital, which leverages data analytics, advanced technology-enabled marketing and our leadership's industry relationships and expertise to identify, incubate and introduce to market new, authentic lifestyle brand concepts. For more information on MGO Global, please visit www.mgoglobalinc.com.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its businesses, The Messi Store and Stand Flagpoles, other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and perpetuating the Company's licensing rights with Leo Messi Management, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

CONTACT INFORMATION:

FOR MEDIA AND INVESTOR RELATIONS

MGO Global Inc.
Dodi Handy, Director of Communications
Phone: +1 407-960-4636
Email: ir@mgoteam.com

SOURCE: MGO Global



View source version on accesswire.com:
https://www.accesswire.com/803447/mgo-global-announces-third-quarter-2023-financial-results

© Copyright 2023 ACCESSWIRE. All Rights Reserved.
Back to News Headlines
Other Financial Information
Recent News & Disclosure Filings
Recent SEC Filings
No Tier

DAILY ADVANCERS
OTCQX Best Market Logo
ORXOY
+ 85.53 %
OTCQX Best Market Logo
OMHI
+ 26.05 %
OTCQX Best Market Logo
ARSMF
+ 19.20 %
OTCQX Best Market Logo
ATCMF
+ 16.82 %
OTCQX Best Market Logo
BCBNF
+ 15.76 %

Seamlessly connect w/ the markets on the E*TRADE Mobile app
Subscribe to Our Newsletter
Stay up to date on the latest company news, industry trends and regulatory changes that affect our markets and learn about members of our community.