Magellan Energy, Ltd. (MGLG)

[NotTheTree]

Has anyone seen a ruling of any kind so we know what is going on? I have skimmed the litigation a number of times and there MUST have been some kind of investigation in order for the SEC to allow this to trade again. I dont think with these kinds of shenanigans going on that it can be as simple as showing a valid CUSIP# and being allowed to trade again. That is like a terrorist walking into an airport with bombs strapped on him and being allowed on the plane simply because he has a ticket. It just doesnt make sense. I dont see anywhere in the litigation anything that mentions a bad CUSIP#, so where did this idea come from? The SEC must have checked more than a simple cusip# before allowing this to trade again. Those who think this is the issue, please explain/provide sources.