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Well if he took the leases back, wouldnt that show they are still valid, mustn't they expire or be paid off in some way? Maybe he is planning a last hooray?
Reaching here and always hopeful myself.
Leases are still valid as far as I know, winter is coming, local demand.. No reason the current owners would not want to capitalize on what they have.
You hear anything about the President? Apolinar Carcasona
They still have these leases, I cant believe someone is not trying to use them. I am sure they have revenue issues.
I was speaking of when there cusp was hijacked, the SEC suspended the ability to trade MGLG for awhile. They were later cleared to resume trading, unfortunately went to greys shortly thereafter.
Mglg was cleared of wrong doing way back when this thing was first hijacked. But I think their lawyers pretty much told them release no information and this is what we now have. Sitting in Limbo, hopefully once the Canadian courts FINALLY finish up, MGLG will press on with much awaited GUSTO. The timing could not be better as far as prices and local demand go.
Looking for a Christmas Present! :)
There is no choice but to hold. I still have faith/hope that this stock will move one day. Someone must own it along with all those leases. Very hard to find info on this company now however. Everything is old news. Just hope we have a gift coming Christmas time!! Perhaps a change in Presidential support for oil and gas exploration will cause the owner to get things going!!
Go MGLG!!
So what does that mean?
all I got to say is wow.....
Maybe he will use his influence at TNRI for them to buy up MGLG leases and the company?? Who knows. Something has to happen.
With the news blackout, no one has any idea MGLGs true viability. We dont even know if they are even functioning as a company. Hopefully, when the lawyers take the gloves off we will know something.
What we do know, the courts directed stock holder compensation by the defrauders. Now as a previous poster has said, other than the 2009 filing, MGLG is not mentioned in any of these orders.
I am hoping for something from that if nothing else, I really just want them to get back in the business of making money so we can all retire! lol.
like I said, only place I have seen it. I just hope it means that MGLG will start doing business again that things are starting to be straightened out.
The lawyers will take off the handcuffs and let them start making money. Perfect time for the gas demand for that region and renewed interest in old wells.
Only place I saw MGLG on pg. ll
http://www.sec.gov/litigation/complaints/2009/comp21243.pdf
I looked up Shataif, he is listed as the former CEO. I wonder if MGLG even has an owner of record at the moment. I think the lawyers still got them locked down with an information freeze.
Sorry thought I had checked the date and did not recognize the ceo. Shows how old this saga is I guess.
I searched MGLG New and got some stories on google. This one was interesting but the OTC does not match up, typo. Really sounds like our Magellan. Take a look.
http://www.redorbit.com/news/science/421518/magellan_energy_ltd_annouces_new_president_ceo_and_chairman_of/
I just hope MGLG has maintained at least a skeleton team solvency trying to ride this thing out. Gas is about to take off in the very areas they are in. Frakking is becoming more popular and they deal in old wells.
We can only hope. I know I do.
This is all good news! Finally these things are wrapping up!
yeah it was! Now ..........??
I am dreaming of .10 cents!
We can only hope! I would take .01 at the moment however!!
lol
Maybe in February!
Guess we gotta wait to Feb?
One day we will finally get closure, one way or another.
Does anyone even know if the company is even trying to operate?
The natural gas and soon oil industry is going to take off, just hope they are in a position to act.
The canadians have been stretching this out for almost 2 years now. crazy.
I also saw on scottrade for Dec. 6. volume of 2.6mil
but nothing else other than that.
Someone testing the waters? Hopefully there is actually a company left to back it up!
With no way to raise stock capital, probably put them in a real bind. Hope they come back now this court thing appears behind us.
I tried to find their website the other day with no luck. Anyone else been there lately? I think the court mess is pretty much over. Two other names in there had a stay, whatever that does.
If this thing is going to come alive, it should be soon. With the price of natural gas and that new plant coming on line soon, now would be perfect timing. Just in time for next years tax season!!
Keep the faith!
Per Wikipedia
In law, a summary judgment is a determination made by a court without a full trial. Such a judgment may be issued as to the merits of an entire case, or of specific issues in that case.
So no trial, what is the judgment? Is this thing over? What does this mean?
I am just glad to some movement of anykind.
So just what does this mean to us? Summary Judgement?
beyond! unbelievable!!
I emailed this address and yes they are collecting information and researching MGLG. They said they would be contacting me.
The more the better!
wah, wah, maybe they thought it would be fixed but never happened.
shit happens in engineering.
They will get the problem fixed, other companies have and we will be off to the races.
Hang in there.
I was looking at my zecco statement yesterday. I moved my FNAT from Scott to Zecco. The statement says non transferable worthless. But I was able to sell it! weird.
sucks so far but hoping for a rebound to at least break even.
Trading sideways right now. Hopeful!
Geez dude, it is a penny shoot for a double and be happy!!
Headed back up!! Phew!!!
Karen did not promise news this week.
Where you guys get that?
I had no trouble. Did a total transfer of MGLG.
Did you send them an account statement from Scottrade.
Have you called Zecco?
Back on 11/19/2009
YEAH a mil finally filled at .0001!! That helps the average!!
Got A PARTIAL FILL AT .0001 YEAH!!
Just dumped my shares.
Got an email from Zecco about worthless shares......
Think about it guys, how long you want to wait?