Chin up Kevin. I appreciate your posts.

Down the list it indicated that the MetalFab1 printer equipped with 3Dsim and Printrite3d is their recommended best way to print 3d metal. It must be a long report from looking at that TOC.

I have been here since I bought my first shares for .02. That was in early 2013. I am retired now from food manufacturing and read this board everyday but rarely post and then it is normally to ask a question. I have no affiliation with the company except for thousands of shares of the stock.

Man I wish. I have 20 million I have had for 6 years. TDA charged me 10 dollars a piece to retire some other dead positions but they will not do this for MGLG.

This suit was against the people who originally hijacked the shell. They duped Shnaider into investing 50 million in the worthless stock. He punished them in court. After this suit was filed Bill Akrivos picked up the ball and printed billions more phony shares and sold them. I bought mine from him in 2009. I suspect he is the one seeddragon needs to find. I made some good money trading this one in 2009 but got hung out with millions of shares I bought cheap just a few hours before the SEC stopped them; your accountant can advise you on how to write off the loss. There is no way to sell them.

To end your misery you need to research this. He was a shareholder.

It has already been done.



PhillyPA65 Saturday, 06/29/13 06:16:01 PM
Re: None
Post # of 56770

Booke and DeFreitas Involved in MGLG Shell Scam

TORONTO — The Globe and Mail

JEFF GRAY - LAW REPORTER

Published Tuesday, Apr. 02 2013, 7:00 PM EDT

Shnaider keen on Russian oil venture, ex-partner testifies

Toronto billionaire Alex Shnaider was so enthusiastic about an oil and gas venture proposed by former oil executive Michael Shtaif in 2005 that he wanted to invest $200-million, Mr. Shtaif told a courtroom on Tuesday.

Mr. Shtaif, a Canadian citizen of Russian origin who once worked as a senior official with Russian oil firms Yukos and TNK-BP, was in the witness box on Tuesday testifying in a tangled civil trial over his falling out with Mr. Shnaider.

In court documents, Mr. Shnaider has alleged that Mr. Shtaif was part of a scheme to defraud him, inducing him to invest $50-million with a promise of $70-million from other investors that never materialized. Mr. Shtaif denies the allegations. He alleges that Mr. Shnaider tried to push him out of the joint venture and bribed Russian police to investigate him for fraud, allegations Mr. Shnaider denies. The allegations have not been proven.

In a Toronto courtroom, Mr. Shtaif recounted the first meeting between the two men in November, 2005. They met at the Toronto offices of Mr. Shnaider’s company, Midland Resources Holding Ltd., with which the Russian-born Toronto-based billionaire made his fortune in the Eastern European steel business.

Mr. Shtaif told court that the pair hit it off, with “similar personalities” and “similar interests,” over a two-hour meeting. And he testified that Mr. Shndaider was very interested in Mr. Shtaif’s plan to use his expertise to ferret out undervalued oil fields in Russia.

“As they say in baseball, I pitched him a fastball and he reacted,” Mr. Shtaif told court, saying he declined Mr. Shnaider’s initial offer of a $200-million investment for a 80-per-cent stake in Mr. Shtaif’s venture, as he did not want one dominating shareholder.

They later agreed on a $50-million investment, for a 32-per-cent share, Mr. Shtaif said, although Mr. Shnaider would later try to “squeeze” a larger share, he said.

Mr. Shtaif said he was unaware at that time that a purported Toronto investor in his venture, who used the named John Howard, was allegedly a man named Irwin Boock, who according to court documents, has faced Ontario Securities Commission proceedings and criminal charges related to fraud. It was Mr. Boock who had provided the shell company, called Magellan Energy Ltd. (MGLG), to become the corporate vehicle for the joint venture.

But the company, it is alleged, turned out to be a fraudulently created “sham,” Mr. Shtaif said. Another associate of Mr. Boock, Magellan board member Stanton DeFreitas, was also allegedly secretly selling “illegal” shares in the company and failing to pass the proceeds onto Magellan, Mr. Shtaif testified. (Both Mr. Boock and Mr. DeFreitas were also named as defendants in Mr. Shnaider’s lawsuit.)

Mr. Shtaif told court that Mr. Shnaider ended up with 1.4 million “illegal shares” from Mr. DeFreitas, although the billionaire said the purchase was “inadvertent.” Mr. Shtaif denied that he received any of these shares.

Mr. Shtaif, after learning of the problems, initially sued Mr. Howard and others over the issue in the United States but then dropped the lawsuit “reluctantly,” he testified, in order to protect Mr. Shnaider from being accused publicly of being involved in the “illegal distribution” of shares.

“I think that there was a lot of backdoor dealings going on between Mr. Shnaider, Mr. DeFreitas, and whoever, that we as the board of Magellan knew nothing about,” Mr. Shtaif told court.

Mr. Shnaider “should not have received those shares and he knew and should have known better than that,” Mr. Shtaif said.

Mr. Shtaif denied that he intentionally misled Mr. Shnaider about the $70-million investment pledged by a company allegedly controlled by the man calling himself Mr. Howard, which never materialized.

He told the court that he relied on word from Mr. DeFreitas when he told Mr. Shnaider in an e-mail that the first $10-million instalment of the $70-million had been paid: “I never intentionally or meant to mislead anybody at any time.”

Looks like they bought something. I am interested in seeing what a membership in Early Adopters is worth.

I finished buying Friday. Bets are placed!!

Agreed Broham. I have a million shares at .01. Been sitting patient in case I become rich.

I have not read the JTDA but I was invested in a similar investment and the little company gave the big company the technology in the JTDA in return for using their facilities. I hope that does not happen here!!

I had held 3m shares since '09 and could not sell them. I called TDAmeritrade the last week of December and was told that they could relieve me of them so I could write off the loss. I put an order in to sell at "market" and bingo they charged me the 10 buck fee and I had my writeoff and the market showed a 3 mill trade.

We have no choice. I own 20 million shares but I think we got took.

Mobiaus you have always been one of a few knowledgeable posters on this board. You know as well as I that Akrivos hijacked a defunct (dead and gone)Cusip number to run a pure scam on those of us trading this in 2008 and 2009. I still own a bunch of shares but I got rich playing the scam in a case of dumbass got lucky. I sometimes feel bad about profiting but not enough to give it back to the lambs who were fleeced. Track has been a favorite poster of mine but she is in denial on this one. The defunct company maybe could be resurrected but MGLG was only a hoax.

I had a hard time with the link:

http://www.wnd.com/markets/news/read/4261049/magellan_energy_announces_robert_anderson_lease_agreement_with_tmd_energy_inc.

Just another Canadian scam = no big deal .

http://www.reuters.com/article/2008/08/07/idUS194129+07-Aug-2008+MW20080807

Have you ever tried to contact her at ths location? It was the latest I can find; at Probe Mines another gold digger.







Investor Relations
Karen Willoughby
Director Corporate Communications
Toll Free: (866) 936-6766
Phone: (416) 900-6656
Email: kwilloughby@probemines.com
www.probemines.com

I strongly agree with Mobiaus. Boock and Wong did not take my money - Bill Akrivos and Karen Willoughby did. Until they are brought to justice we will not get anything. Just my opinion of course. The SEC is onto their other active scam (TNRI)so hopefully the noose is beginning to tighten around their necks.

Agreed. I got lucky and made money trading pinks but got caught holding some free shares of several. I don't play in pinkie land anymore but keep tabs on the ones I hold in the bag and the management that made me a bagholder.

As you probably know there are lots of shareholders who do not know if they ever owned legitimate stock or if they bought the fraudulent shares sold by criminals who are being prosecuted. I own a lot of the stock that I bought cheap and stand to make money on it if the criminals are made to disgorge any of their ill-gotten gains; why write it off? I am waiting for the SEC to go after the last group of folks that diluted it; they may still have something to disgorge, especially since they have other ventures.

By the way that was a friendly gentleman's wager; would not have cost either of us a penny.

I like the part about him being a dominant male. Too funny.

The legal ordeal started in September 2009. It will be a few years more before anything gets resolved. The Canadians get first shot at the perpetrators in a case that does not involve MGLG and after that is over the American Securities and Exchange Commission gets a crack at them. In all likelihood these cases will only decide if they get jail time; I am planning to write off a loss when it is all over.

I pickle jalapenos all summer and eat them all year. If this stuff will take that sting out I will buy a case of it!!!!!

Thanks Scup. The stuff smells potent. I wish I could have gotten a bigger bottle because I am going to give it a workout on everything from my boat to my grill. I will report my results.

When she was telling me how she had spilled paint on her shirt that morning and was telling me how she had removed it I thought of you and DirtyDave; she could write sales pitches for you. How do you dilute the product for general use; there are no instructions on my bottle.

I live in west central Arkansas and the locator showed a dealer in Conway; about 50 miles away. I went there expecting to hear that they had never heard of the stuff. It was Oak Street Paint, a small hole-in-the-wall catering to contractors. When I entered the front door a jovial lady shouted from the back "how can I help you" and I told her I wanted some Winning Colors Stain Remover. She responded that she had sold her last bottle about 30 minutes earlier and pointed to her display of a large bottle and the 4 oz bottle. There was one 4 oz bottle on it's side that she could not see and I bought it. She told me that they have carried the product for about three years and that it has become so popular amongst the painters that she cannot keep it in stock. I asked and she told me that she gets two day turnaround on her orders which surprised me.

That is too damn funny. Brentski proved to be smarter than Evans.

I know it looks like I have gone crazy making three posts in a row but I think people need to know. Read this PR again with the knowledge that this company was a scam and you can see right through the double speak. They did not buy a damn thing in those
leases; TMD bought them.


http://www.redorbit.com/modules/news/tools.php?tool=print&id=1207475

Many moons ago a poster on Yahoo went to that office when it still had an MGLG sign on the door and posted a photo on that message board. The office was unoccupied at that time; it was around the time that Carcasona was named President.

I have been telling folks for over a year and a half that all they had was an 8 x 10 office with a chair, desk, and telephone in Canada from which Akrivos could sell stock. I am not surprised at your discovery.

I agree Peach it is not illegal to be an unseccessful business manager. Time will tell if they had a good initial idea.

I think the weather sucks everywhere today.

When will we start selling our gold so the pps will go up?

I think we are in the ballpark as to what happened. There was already so many bogus shares of this stock on the market by the time Akrivos got it he had to resort to some kind of sensationalism to sell enough stock to pay his salary. Thus we had the signing of leases on oil and gas rich property, and the appointment of Bill Goodwin as Consultant and Advisor, and the valiant fight over high BTU that was to make us all rich. It was all just smoke and mirrors; otherwise where are the leases? Those would have been assets that they would not walk away from.

We are dealing with white collar hoodlums here; they are slick. If you ever believed anything you read on IHub the attached link goes to the most knowledgeable post ever on this subject - providing it is legit. They probably consulted Bill Goodwin for a phone number for a plumber and he advised them of a good
plumber; thus he is both a Consultant and Advisor.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51399323

Evidence indicates that it never operated. Just two guys in Canada selling bogus stock and a lady Investor Relations person who spewed lies and phony press releases.

Beware of people in one room offices in Canada running companies in the U.S. They let their menions do all of the work in the U.S and apparently they are poor menions - see the results of a promising oil and gas exploration company in Tennessee that was run by people from Canada.

I still own 20,000,000 shares from the "ruined" company; they are worthless and do not trade anymore. Nobody ever explained what happened; the minions and their boss just disappeared. Now the boss has re-appeared and is still saying nothing.

Looks like it. RedAdair is one of the most knowledgeable and thoughtful posters ever on this board and his posts are being deleted as fast as he can post them. Okoil posted on here a few days ago to leave names out and I did and my post is still up. Who polices the moderators on this board; They are preventing good information from being posted while leaving all of the gibberish alone.