Magellan Energy, Ltd. (MGLG)

[space1230]

Umm, no one is buying the stock. It has traded $270 TOTAL in the past 30 days. That is horrible volume for even 1 trading day for a .0001. Dead zombie grey sheet stocks trade this piddly random volume. It just means that shareholders are dense and are wasting money. Most of the time these small buys are done to manipulate the buying public into thinking that the stock is actually trading, BUT this one surely IS NOT !!

Do some basic MGLG math. The last known o/s count was over 19 BILLION SHARES. 2.7 million shares traded in the last month. So, $270 of a last know, 1.9 million dollar market cap traded. If I ever saw a dead stock that has less than no potential to go anywhere, it is certainly MGLG.

ALL trades in the last 30 days:

$0.0001 1 OTO 14:37:58
$0.0001 1,400 OTO 04/14
$0.0001 200,000 OTO 04/07
$0.0001 2,000,000 OTO 04/07
$0.0001 5,000 OTO 04/03
$0.0001 500,000 OTO 03/26

Tell me something. If no one can sell this stock, and never will be able to sell this "graveyard" stock, as you claim, then why do you suppose people keep buying this stock.