MGO Global Due-Diligence: $10m MCAP company entering $300m valued merger with Heidmar Inc. by February 10th 2025

Full report: https://docs.google.com/document/d/1sLQ6rFxoKHCZYJLsTInOzEunrNcdyCvkUEeXJqnK3IU/edit?usp=sharing

  • Before making any investment decision please make sure you read the full report and conduct your own thorough due-diligence. This could potentially be a risky play, so ensure you are aware of the risks involved.
  • I'm trying to create a community to post high quality, sourced, in-depth, and balanced due-diligence under the name "Montgolfier Stocks". I know this might raise some eyebrows but the full report is completely balanced and includes the risks involved. I also do not suggest that you invest in this company without conducting your own due-diligence. Bears are completely welcome as peer review is essential.
  • No PTs or strategies will be provided (learnt this from RVSN...), this is completely up to you. We just provide the information and our own evaluation.
  • Feel free to post any questions and I'll do my best to answer them!

If you are considering entering at market price, be cautious. When we wrote the DD $MGOL was trading at around 10 cents. It's quite volatile at the moment. Although I believe 10 cents is the floor, I could easily be wrong. Make sure to do your own evaluation.

SUMMARY

Merger Opportunity: MGO Global is preparing to merge with Heidmar Inc., in a merger worth $300,000,000. MGOL shareholders are projected to own $18,000,000. Current MGOL market cap is $10,000,000. MGOL recently raised capital at $0.95 and since crashed to $0.10, in less than 30 days. I believe a bottom has been found at $.10, and that there is potentially a great short term opportunity. I will not be holding this into the consummation of the merger as the deal itself isn't great for MGOL shareholders. I'm playing this as a pre-consummation news-based play.

Merger Target: Heidmar Inc. shows incredibly promising financials. According to EOY 2023 financials, revenue increased by $19,033,558 from 2022 to $49,097,436. This provided them with a net income (profitability) of $19,639,297 based on operating expenses of $29,458,139. 

Interesting Institutional Activity Following the $0.95, $6M offering, on the 23rd and 24th December 2024, three additional investment funds purchased positions in MGO Global Inc., for 921,000 shares each (or 9.99% of the float), the purchase price on the date of their investments is estimated to be $0.40.

Merger Date: I have strong reason to believe the merger will happen before February 10, 2025 and after February 6, 2025. I believe MGOL will provide updates to shareholders before these dates, bringing potentially catalyst level news-flow and short term upside appreciation.

Disclaimer: This is not financial advice. Please conduct your own due diligence before making any investment decisions. Like all stocks there are lots of risks involved.

Note to RVSN holders who recognise my DD style

I hope everyone is doing well. I know we are in a very scary place right now and many are holding huge bags.

I sold my initial bag at around $1.36. My average price at this point was around $1.06. I took the liquidity for better short-term plays like this.

I am bagholding RVSN in a separate account at $1.89 for >2000 shares, not sure exactly because I'm scared to open my stocks and shares ISA!

I am confident holding at these prices as I am still confident in the business fundamentals and long-term growth. I will be re-entering with more shares when I believe the SP has bottomed out (don't think so yet).