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Maybe a plan waiting for all the high volume investors to cash out, give up shares, take tax loss, etc., then the "company" comes back to life without sharing with all the high volume investors. Something is strange to me also about MGLG's very weak pulse. Hibernation; suspended animation?? Someone tell me.
Love MGLG - never any surprises! Rock steady company.
I love MGLG.
I live in Missouri, but I know MGLG had leases in East Tenn. and maybe Ky. The ads have been running on KMOX radio which is 50K watts clear channel to 44 states and 2 other countries.
I have been hearing ads on the radio about investing in Encore Energy, drilling, leases, for gas and oil in Eastern Ky. Any connections with MGLG?
Despite the market down turn, MGLG is holding right in there - steady stock!! : )
I love MGLG. I never have to check the pps when the market's down.
Two thumbs up here !!
Where is Spaceman? Tell him MGLG is now MGLG Block-chain Oil.
Ole Jed saw it bubblin out of the ground. Jethro start pumpin! $$$$$$$$$$
Holding since 2008!
Magellan needs to rename itself to "Magellan Blockchain Oil" and we will all be billionaires overnight! Hmmmmm?
: ) Let those that wish this stock to tank go over to the crypto stocks. They may get their wish there.
Where's all the chatter? Roku is up nicely and keeps on rolling! $$$$$
People are out buying Roku devices and TV's for Christmas!
Santa Claus is going to have a lot of those little Roku devices in his sleigh too!
Dittos! : )
Bwah, bwah, bwah!! I just lost $8,000 with MGLG. Make it come back!!
Is Amberella involved with the manufacture of the body cam by Axon (AAXN) that is being offered for a 1 year free trial to all police?
Any news what's going on with ABUS? $$$$$$ so far suddenly!
Something very strange goes on with MGLG! For a company that is suppose to be dead and gone, it suddenly takes a breath every so often! Is it alive or isn't it????
Exactly!! And the Keystone and Dakota pipelines with US Steel!! $$$$$$ US Steel's CEO was recently in Trump's office.
Oil, coal, gas, and steel back in the good ole USA!!!
I know that some of these symbols mean bankruptcy status, etc, which also tells me something is still alive with MGLG - if only a weak pulse. Shell or whatever, MGLG apparently has some kind of life that prompted someone to put a # beside its symbol. IMO, even a bad sign is better than no sign at all. The beast is apparently still breathing, erratic and slow, but breathing. If MGLG ever gets it together and up on its feet, there are going to be some very happy people and boat salesmen out there!
I've seen that # before and also some other letters with it, but they disappeared and now # is back again. ????
I believe it Hondo, and so does my proppant sand stocks, as does Scott Pruitt, Trump's EPA administrator pick.
IMO, I think someone has hypothecated the oil properties, that is, taken a huge loan against the oil/gas and leave it capped in the ground, as collateral. Once the loan is paid off, or the price of oil gets too high not to pull it out of the ground, it will stay-put as collateral. This is only my guess, so sooner or later I believe it will be pulled out the ground. This may be why MGLG is in hibernation, sleeping for now, but alive. Hang tough everyone.
Yep, track that is exactly what they do. I've seen that from my boyhood home in Appalachia. Even in the mines, columns of coal, when it was cheap, that were left to support the roofs are later removed by a remote controlled mechanical digger, when prices are up, and allowed to collapse behind the digger.
I'm leaving a note for Santa Baby to leave the boat in the driveway!
I believe!!
Yes, I believe that will happen with the coal, gas, and oil industries in the US now - and OPEC cutting back production - wonderful! Fasten your seat belt folks!
Wheeeee! Boat reordered. I believe, Oh I do, I do, I do!
Shorts galore for sure. I'll wait for a steady uptick.
Good optimistic explanation Beave and thanks. Although not entirely a "belt and suspenders" person, I've just been pumped and dumped before and am more cautious but may not be entirely wiser. It sounds like a good product as I have done very well with their chip supplier Ambarella which that message board led me here. What you said makes sense, although I'll watch closely and buy very quickly on contract news and the uptick.
I'm watching closely and hope for all the best as it will also help AMBA.
I just don't get this company - tempting but...??? With contracts like Torrey Pines, DHS, Military, and US Forest Service, why is this company floundering in pennyland OTC pink? The pps should be skyrocketing, unless the management and accounting team is very screwed up or skimming all the profits. What gives folks?
Very true! Every now and then, you hear of a miracle comeback story, you only wish you could have been part of.
I have been a long time holder of MGLG and over the years I have seen this stock symbol go from # to Q and even both, and today it is free of those special symbols and apparently a viable company that is just on the grey sheets. It has hung in there for some unknown reason to me and kicks a pulse now and then. I do not feel it is dead, maybe dormant, but not dead. It hangs tough!
That is odd about Spaceman suddenly gone just when MGLG is getting action. Maybe he does know something and he's buying!
This doesn't look like a "fat finger" to me!!! $$$$$
Not a clue what's going on, but it's nice to see some action happening!
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.