Acquisition of G.Research, LLC

6 Months Ended

Jun. 30, 2019

Acquisition of G.Research, LLC [Abstract]

Acquisition of G.Research, LLC

Note 2. Acquisition of G.Research, LLC

On June 18, 2019, the Company announced an agreement in principle with Associated Capital Group (“AC,” NYSE:AC), to acquire a subsidiary of AC, G.Research, LLC (“G.Research”).  Under the proposed terms, Morgan will acquire G.Research for 50,000,000 shares of Morgan’s common stock. The transaction is subject to the execution of definitive documents and the satisfaction of customary closing conditions and regulatory approvals.  Accordingly, no assurances can be given that a binding agreement will be entered into, that the proposed transaction will be consummated or the timing thereof.  If the transaction is completed, AC will hold approximately 91% of Morgan’s outstanding common stock.