I think the price at the beginning after the ICO is just a pump, it seems the MGO holders can only wait and wait until there is a new breakthrough about this project.
That's the only real pump that we witness, after listing failure in bittrex MGO started to go down.
But, I don't really care a lot, I can wait and I believe on the future of this project, such a big project as they collected a huge amount during their ICO, imagine what that big amount can do to develop this project, I want a real pump so I'll wait.