Megola Inc (OTCMKTS:MGON) Stock Surges 40% In a Week: But Why?
Consortium Group of Health Technologies and Eco-Friendly Product Lines, Megola Inc (OTCMKTS: MGON) on May 8, 2023, announced the successful completion of Pilot Scale-up Field Testing. The company’s patent-pending Odor Control is for Adult Incontinence, Baby Diapers, and Feminine Hygiene Products.
Trading Data
On Monday, MGON stock moved down 4.17% to $0.0069 with 233.30K shares, compared to volume of 267.64K shares. The stock moved within a range of $0.0060 – 0.0069 after opening trade at $0.0060.
Megola Completes Successful Pilot Scale-Up Field Testing of its Patent-Pending Odor Control (SAPs) for Baby Diapers, Adult Incontinence and Feminine Hygiene Products
The odor control personal hygiene products were given to a group of incontinent human volunteers in the USA. Super absorbent Polymer granules (SAP) are utilized annually in pads and diapers of all types. It is a global industry with an annual turnover of over $100 billion.
Dr. Jeff Williams, Chief Science Officer of MedeSol Global said that it is important to control embarrassing odors from incontinence garments as well as feminine hygiene products. Williams added that this will become a reality and the company has perfected a method of coating the SAP.
The successful pilot project engaged a hundred prototypes of adult incontinence diapers, which were produced and given to incontinent human volunteers in the USA. Skin irritation testing was done by an independent contractor.
Megola Inc, a Nevada Corporation with a Corporate office in Bonita Springs, FL, is a Consortium Group of Health Technologies as well as Eco-Friendly Product Lines. The company has done product and technology acquisitions and has its own E-commerce Branding Division, Licensing Division, Service Department,and Franchise Division maintaining Megola’s diverse manufactured product portfolios.
