Magellan Energy, Ltd. (MGLG)

[jondoe0069]

I contacted Scottrade before the end of the year to submit a Request for Removal of Worthless Securities on my MGLG shares. In this process, they take the shares into their account for $0.00. and I get to write off my losses. They attempted to process my request, but said the stock is restricted and cannot be traded, so there is nothing we can do but wait.