Magellan Energy, Ltd. (MGLG)

[space1230]

What waters are you testing? You will likely never see that money back again. Granted, it's peanuts but it's a loss. MGLG can certainly trade in its grey sheet graveyard. No one is debating that. It's just a carcass of an empty shell. It has no value and no one can ever utilize this valueless shell. Shareholders are just trading shares amongst themselves here and there were nearly 20 billion shares outstanding when MGLG last had a Transfer Agent years ago. There is no company attached to this defunct shell.

I tested the waters bought 50,000 paid 0.0002 ... I looked at Etrade and it executed at 0.0001 I placed to buy order at 0.0002 It' looks like company is selling stocks this cheap 0.0001