- Entry
- $1.34
- Now
- $1.16 -13.8%
- Target
- $2.50
- Score
- —
Hi guys, came up with $MEGL through my screener and honestly it looks like a good setup to me. TLDR (I recommend reading the whole post) $MEGL is a corporate finance advisory (IPO sponsorship, underwriting, compliance) trading around **$1.20**, market cap of **$6M**, on a **float of 2.2M** shares. What makes it interesting is the **ownership and management overhaul that closed in June 2026**. A new investor group led by Xu Xiaoxi and four more entities bought a large secondary …
— ORIGINAL POST ·
$MEGL: $6M market cap sitting on a cash pile, and the ownership just flipped
· r/pennystocks
· Jul 1, 2026