Friday, July 17, 2009 7:18:55 PM
MGLG is a publicly traded company and has a fudiciary responsibility to its shareholders. If Karen really said that, she had better steepen her learning curve. I don't doubt that she is inundated by knuckleheads and crackpots, thats the price of being a penny stock, the door swings open for all sorts. People who are harassing her, are in over their heads, either financially or morally. On the other hand, MGLG needs to learn a thing or two about investment 101. If you re going to dilute with billions of shares, then u have to expect to accumulate many many shareholders. It is these very shareholders that pay MGLG bills, leases, bonuses, etc... in the hopes that MGLG will become profitable. In the last 6 weeks MGLG has left their shareholder base, anxious, uneasy and with many doubts. A simple PR, Letter to investors, email, conference call or any other instrument of communication puts the majority of us at ease.
The people who are harassing MGLG should stop, but MGLG needs to step up: not give us this nonsense of "you want to play hardball".... CRAZY, I hope its not true.
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