u/Familiar_Potato1244 · 74d ago1 prior · awaiting results
$MEGL: $6M market cap sitting on a cash pile, and the ownership just flipped
Micro-cap trading at $1.20 with $15M cash (3x market cap) cushioning downside, coupled with recent management overhaul and acquisition of control block by well-capitalized new ownership. Tight 2.2M float and pending catalysts (strategic transaction, half-year results) position it for re-rating and potential multi-dollar move.