Magellan Energy, Ltd. (MGLG)

[InvestorSuisse]

MGLG is set up nicely to run. A panic back in early Dec sent this to 0.0001 With the volume this passed month, and With the Current share structure, I see MGLG breaking .001 by mid week. if we get some news on top of that we could see .002 by mid week.

Float - 36,325,396 as of Jul 30, 2008
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Outstanding Shares - 129,180,184 as of Jul 30, 2008
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Authorized Shares - 600,000,000 as of Jul 30, 2008