Magellan Energy, Ltd. (MGLG)

[Dewayne18]

This company issued massive amounts of shares compared to the other companies your talking about. This company had no business and they were issuing sub penny shares to pay bills. Although they survived to date, they have done themselves a HUGE diservice. they would have to make 110 million net to even declare a gain of 1 penny per share. It's hopeless unless you wanna buy shares for a lifetime. The real good news (back in business) has passed. No ther news will ever have the same effect on the stock price.