Magellan Energy, Ltd. (MGLG)

[space1230]

MGLG is free to trade. It is on the grey sheets, the graveyard of the otc. The ONLY reason why the shares were not revoked is because MGLG was never an sec filer. The sec cannot revoke registration of non filers.

#2, There were NEVER 6.2 mil sold at .0010. Here are the trades for the entire 2015 calendar year :

$0.0001 6,060,000 OTO 11:05:05
$0.0001 1,000,000 OTO 06/25
$0.001 1,000 OTO 06/23
$0.00 1,000,000 OTO 06/12
$0.0001 400,000 OTO 06/11
$0.0001 3,988,000 OTO 06/02
$0.0001 2,500,000 OTO 06/02
$0.0001 100,000 OTO 05/21
$0.0001 650,000 OTO 05/20
$0.0001 400,000 OTO 05/19
$0.00 299,000 OTO 03/31
$0.001 10 OTO 03/10
$0.00 70,001 OTO 03/04
$0.0001 30,000 OTO 02/11
$0.00 1 OTO 01/14
$0.00 300 OTO 01/14

Someone made off well with the 6.2 M shares sold at.0010 , must still be trading and Not Dead