What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2024-09-18 compared with 2023-09-25 · 28 added, 21 removed, 3 unchanged (94% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES

Our Common Stock presently trades on the New York Stock Exchange ("NYSE")-American.

The high and low bid prices, as reported by NYSE American, are as follows for fiscal years ended June 30, 2023 and 2022.

The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.

Calendar 2021

Calendar 2022

Calendar 2023

On September 20, 2023, there were approximately 354 registered holders of record of our common stock.

We have declared no dividends for the current year, nor do we expect to in the foreseeable future.

Our ability to pay dividends is subject to limitations imposed by Nevada law.

Under Nevada law, dividends may be paid to the extent that a corporation's assets exceed its liabilities and it is able to pay its debts as they become due in the usual course of business.

Under Nevada law, a company - such as our company - can pay dividends only

from retained earnings, and

no distribution can be made, if after giving it effect,

the corporation would not be able to pay its debts as they become due in the usual course of business;

except as otherwise specifically allowed by the articles of incorporation, the corporation's total assets would be less than the sum of its total liabilities plus the amount that would be needed, if the corporation were to be dissolved at the time of distribution, to satisfy the preferential rights upon dissolution of stockholders whose preferential rights are superior to those receiving the distribution.

Our strategy on dividends is to declare and pay dividends only from retained earnings and only when our Board of Directors deems it prudent and in the best interests of the company to declare and pay dividends.

Recent Sales of Unregistered Securities;

Market for our Shares

Our common trades on the New York Stock Exchange-American (“NYSE

American”) under the symbol “MGLD.”

September 5, 2024, there were approximately 364 registered holders of record of our shares of common stock.

In addition, we have

an aggregate of 49,360 shares of Series B Preferred Stock held by two persons that entitle such holders to convert each share of Series

B Preferred Stock into 20 shares of common stock and to vote such shares on an “as if converted” basis.

We have never declared or paid a cash dividend

on our common stock or preferred stock and do not anticipate paying cash dividends on our common stock in the foreseeable future.

Payment of future cash dividends, if any, will be at the discretion of our board of directors and will depend on our financial

condition, results of operations, contractual restrictions and covenants included under any bank or other indebtedness that we may

enter into, capital requirements, business prospects and other factors that our board of directors considers relevant.

Our ability to pay dividends is subject

to limitations under Nevada law.

Under Nevada law, dividends may be paid to the extent that a corporation’s assets exceed

its liabilities and it is able to pay its debts as they become due in the usual course of business.

Under Nevada law, a company can pay

dividends only:

retained earnings, and

distribution can be made, if after giving it effect, the corporation would not be able to pay its debts as they become due in the usual course of business;

as otherwise specifically allowed by the articles of incorporation, the corporation’s total assets would be less than the sum

of its total liabilities plus the amount that would be needed, if the corporation were to be dissolved at the time of distribution,

to satisfy the preferential rights upon dissolution of stockholders whose preferential rights are superior to those receiving the

distribution.

strategy on dividends is to declare and pay dividends only from retained earnings and only when our board of directors deems it prudent

and in the best interests of the Company to declare and pay dividends.

Sales of Unregistered Securities;

Shares Issued for Services;

Outstanding Stock Options

The Company neither sold or issued any unregistered shares of any class of stock within the last two years up to and including June 30, 2023.

On August 25, 2021, the Company adopted the 2021 Omnibus Equity Incentive Plan (the "Plan") and issued stock and stock options during the current fiscal year as detailed in Note 12, Stockholders' Equity .

SELECTED FINANCIAL DATA

As a "smaller reporting company", we are not required to provide the information required by this Item.

did not issue or sell any unregistered shares of any class of stock during the year ended June 30, 2024.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity