MGQG Financials out. Massive sell off down - 56%
Call company and ask about convertible notes, convertible preferred stock, private placements, that might be an indication of the future.
Remember lots of companies have their stock go down to .0001 and then issue more to themselves after a REVERSE SPLIT and start all over again.
This shell/company's history of reverse spiting
Capital Change=shs decreased by 1 for 1000 reverse split. Pay. date=01-07-00.
Capital Change=shs decreased by 1 for 3 split. Effective date=3-18-02
Capital Change=shs decreased by 1 for 100 split. Effective date=9-19-05
Capital Change=shs decreased by 1 for 20 split. Pay date=03-08-2006.
Can the old shareholder ???
On November 29, 2007, C.M. Benedict, former long-time Chairman of Morgan Equities Group, Inc. : MGQG, invoked a "company by-law" and removed President, Chairman and Secretary, Treasurer, and any other existing officers and/or directors from their offices and from the exercise of any further authority, dominion or control over the business and affairs of the company,
Can he do it again ? ???
Due your own due diligence !!! Before investing in PENNY STOCKS |
