Magellan Energy, Ltd. (MGLG)

[space1230]

0% chance at a come back here. ZERO

NO, the information is 100% correct. What you misunderstood is that "Magellan Energy" (who actually paid to buy the shell from the hijackers) got in NO TROUBLE AT ALL because they did nothing wrong. They were the victims. The original owner of the MGLG trading vehicle abandoned the shell way back prior to 2004. The hijackers picked it up and illegally filed this SEC form 12-g to cease filing obligations. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=4687509


Less than 1% of SEC suspended shells (tossed to the grey sheet graveyard) become resurrected. ALL of the minimal ones that resurrect, are legitimate running companies with legal owners. No one attached to MGLG can legally file a form 211 with FINRA to do such a thing. Magellan Energy has nothing to do with MGLG. 100% guaranteed chance that MGLG will never "come back."

this information is totally incorrect. The ownere were sued yes and the judge found in their favor and they won millions for slander of the company. Pray the owners get a conscience though as they have taken their millions and ran. I'm hoping they will remember us and bring MGLG back to life. the court case the judge found for the defendants (mglg). and they won millions. Good chance of a comeback here.