Magellan Energy, Ltd. (MGLG)

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No one has uttered a work in the MGLG abandoned sec suspended grey sheet ticker in 6 years. There's a reason for that: Magellan Energy has no legal attachment to it. Permits, pumps, oil? There's none of that attached to this defunct former trading vehicle. Why do u think that no form of any management has pr'd or made a filing in 6 years??? There's no one here. It's dead money left over pre-sec suspension. MGLG is dead forever. The only reason why it is permitted to trade like a zombie is because the sec was not permitted to terminate the shares as this hijacked shell was never an sec filer. NO ONE HAS ANY RIGHTS TO THIS DEAD TRADING VEHICLE and I am certain that no one would even want it anyway. It's corporate body is destroyed. MGLG is long over, it has been long over for 6 years now

The court case had no relevance on shareholders. Magellan Energy never came running to reimburse shareholders because the sec made the determination that Magellan never legally owned MGLG. Therefore, Magellan has no liability to rescue shareholders. That is why they did not.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114918790

LOOK AT ALL THE PERMITS AND TMD ENERGY. LAST WE READ HAD HI CARBON IN THE OIL I FEEL ITS FIXED. THEY HAVE ABOUT 12 PERMITS AND PUMPS. HOW ISNT ABOVE .01 I DONT KNOW. LOOK AT ALL OIL STOCKS AND NOTHING COMPARES TO WHAT MGLG HAS. DONT UNDERSTAND. COURT CASE WE ALL SHOULD OF BEEN PAID SOMETHING