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I say we get late day volume and a close of .0004. This thing has all kinds of potential guys. It's hurricane season and we should rocket soon.
Thank you, you have confirmed what we all have been stating for sometime now. AS IS STILL 3 BILLION SO NO INCREASE AND NO DILUTION.
Possible breakout on ECCI today.
This would be a good reason to have the TA gagged too. Why let us know at the time they are doing it. They want the price where it is for a reason. Also makes sence when you think about it.
If this is what is goin on here with these t trades, then I would say they should almost have the 300 million after this round. Would make for one heck of a pr IF that is what is happening. It does make sense though.
Could be the company too. They did say they were going to retire 300 million shares if I am correct.
Regarding the t-trades the one big thing I notice is they are all at the same price and they don't say avg by them. To me this says it was a pre arranged buyer accumulating all day long and at a given price. As not to drive the price up the mm's didn't print them during regular hours. This is the only thing that makes sence to me. Either way you look at it someone is buying in big and this also happend a few times before for around 150 million shares over two days if I remember right. Somebody knows something the bad thing is it isn't us.....YET.
Look for a eod push back to .005-.006 imo. This should end the day even or maybe a tick or two better.
Real nice buys hitting the ask now. Should uptick soon
Churning, getting ready to move up soon.
4 on bid 2 on ask. Lets knock them out and get the day going green!
Hit the ask people wth.....
ECCI looking to breakout to .00s Monday or Teusday. Looks like it could be the next MGLG.
should see another push that will take us to .0005 by days end if all works out, like it usually does. Mm's trying to shake and bake as normal. They will try to push this to a new hod at end of day and then close there with a gapper in the am on Monday.
1 left at 3 I added some more here myself to lower my average from 4s. Lets do this!!!
ECCI MOVING HARD! CRAZY VOLUME ABOUT TO UPTICK AGAIN. LOOK FOR .008-.001 POSSIBLE FOR NEXT WEEK!
About to be #1 on ihub most active boards. Finally we can take over the sponge!
Happy to be back, I owned this 6-8 months ago, but sold out and am now back.
Crazy voulme hiting the 4s..... 5s right around the corner and ask is thinning fast!
IN AT .0004! come on guys lets see the .00s next week this thing is going to explode. #2 board on ihub now!!!!!!! GOOOOOO ECCI WEEEEEEEEEEEEEEEEEEEE
Such light volume and we move, the float has to be drying up fast. Hold on guys this will get crazy with any update.
If you are going to sell please, PLEASE sell at the ask, noone like a bid whacker.
Looks to me like they are trying to close the gap from this morning! Fine with me, then let her run all day.
Please add SYNJ to your favorite boards if you have not already done so. 604 marks and climing.
Can we reschedule a bag holder meeting for later next month? As in bag FULL OF MONEY!
What's going on here guys I bought a few months back when we actually had volume and now we are down to only 3 million today? Is this going to no bid soon or something it kinda looks like it, but I paid .0003 so a 66% loss if I sell now. To say the least I am torn and am thinking of selling this pig soon if things dont change. I have $6,000 into this and 20 million shares wth...
They just dropped the bid and ask for no reason. WTH?
PUSH! We need a green day to get going again.
I do thanks :) Just sold my mglg....lol
Many here will think I am crazy as I already have 14 million shares, but I am taking in the title to my 2003 325i and going to put another 20k into this after I get my loan. I'm young and if I loose it I loose it looks like I will just have to start over and pay back a loan, which I will have no problem doing. Keep the price here for a few days until it clears ok guys... TIA Ok now tear me apart, but look at the people behind this and think what the potential is here. Not a pump, just how I am playing this. Ok well off to the bank, have a nice day guys.
Fake wall?
LAFC on bid again.... Interesting to say the least, they mostly deal with big players such as institutions.
If you guys want this to move stop waiting for the dips and just buy it up. Letting it dip in the morning like it has been is scaring people, we need to open this green and keep it green for the day. Buying the dips and not breaking it through resistance isn't helping here either. Honestly alot of you are probably flipping the ones you buy on the dips and that is why you keep doing it. Either put up or get out and of course this is all imo.
LOL,
I couldn't help myslef....
Sorry guys I've just been pumped all day and that was kinda a let down for me so I had to do it.
TORONTO -- (Marketwire) -- 06/15/09 -- Magellan Energy Ltd. (PINKSHEETS: MGLG) has issued this Letter to Shareholders in order to address these questions and to review the success of the Company's expansion efforts through the second quarter of 2009.
From: Apolinar Carcasona, CEO, Magellan Energy Ltd.
To Our Shareholders:
In response to a number of questions posed by shareholders in recent weeks, I would like to take this opportunity to unequivocally state Magellan's position on a number of issues.
Our Martin and Anderson leases are once again producing gas and have brought Magellan to "revenue producing status." All of our wells have now been connected to the compressor and gas is flowing. Lines from other producers in the area are slowly being introduced and as soon as volumes have stabilized, Citizens Gas will be providing us with average volume numbers. As soon as these numbers are received, we will update shareholders. Also, to clear up further confusion and to lessen inquires internally and externally, while Magellan is not an operator itself on these properties, it is a member in good standing of TOGA (Tennessee Oil and Gas Association). Our business partner, TMD Energy, is the operator on our projects.
Magellan's business plan has always been to seek out, procure and refurbish past-producing, low volume wells that once again are economically viable due to the high price of oil. Developing shallow gas and/or oil projects in Tennessee that possess the low risk, blanket characteristics of the area, make it possible to drill and produce a well nearly every time.
The continued acquisition of low-volume producing wells such as these will add to the cumulative oil and gas production numbers that will ultimately create higher revenue numbers for the Company.
There have been many inquiries about why Magellan increased its outstanding shares over the past year. For approximately seven months, up until the end of May of this year, gas production on the Morgan County wells had been virtually at a standstill because of the high BTU/shut-in situation. As a result, revenues were at a standstill, but expenses were not. Unfortunately, our share price also suffered considerably due to this forced inactivity and overall poor economic conditions. Our day-to-day operations and acquisition strategies still required funding; therefore, our outstanding share count rose as we obtained the additional funding necessary to execute our business strategy.
Due to the increasing price of oil worldwide, Magellan is focusing on projects that contain both oil and gas as they will provide more upside to the Company while maintaining the low risk it is pledged to in the area.
The Company is currently performing due diligence on a lease located on the Chattanooga Shale, near our existing oil and gas producing acreage in Eastern Tennessee.
Many shareholders have been concerned about the "caveat emptor" tag for "questionable promotion" that has appeared on a popular website that supplies information on Pink Sheet listed companies. Magellan wants to make it absolutely clear that the Company did not engage in these activities. The Company was in a position where there had been no news for six months due to the high BTU/shut-in situation in Morgan County. When Magellan was able to release news that the situation had been resolved, it resulted in renewed interest in the Company and tremendous volumes and high percentage gains in the stock price were realized. There are many stock awareness newsletters that indulge in the practice of "tagging" or including mention of public companies that have realized these high volumes/percentage gains to stimulate the reading of their products. Such was the case with Magellan. When this was brought to the attention of the above-mentioned website, they chose to ignore these facts and demanded that the Company pay an exorbitant fee to have the "caveat emptor" removed.
Magellan did not feel this was appropriate and refused to pay.
Magellan is in the process of updating its website to reflect these recent activities and to provide as much information to its shareholders as possible.
In short, the Company is very pleased with its successes to date and is extremely optimistic about its prospects going forward. Magellan has grown from a fledgling company to an oil and gas producing company that will emerge as strong and profitable. We are making every effort to build upon the momentum of this second quarter and continue to aggressively implement our growth strategy through the rest of 2009 and beyond.
Apolinar V. Carcasona
President, CEO
NEWS OUT!
And the bid and ask didn't even move, huh..... Happend the last few trading days I think a mm knows someone and is loading and simply transfering shares direct to them.
You are right OG the time on both stocks match up pretty well.
Sorry I can't PM, what is a good site to learn more about charting? Ive been on stockcharts.com and looking to learn as much as I can. TIA