Magellan Energy, Ltd. (MGLG)

[piecesofeight]

I don't think this company was ever in business of producing oil. I don't think they even produced a barrel of oil, but they had land oil and gas leases and people made money off this stock. MGLG just never had "nuts and bolts" people and rigs drilling. They had one guy that was good - I forget his name, Goodwin ??? but he must have not been that good or I would have remembered his name. Get the right people on the ground and a company staff and there's money to be pulled of that ground in East Tennessee and the Chattanooga and Marcellus Shale. Everyone in the business is doing it! These chumps that tried to swindle people are just chumps looking for chump change. The real money is in the ground there and waiting.