Replies to post #40690 on Magellan Energy, Ltd. (MGLG)

[totffe]

Errr, well, ok....

[space1230]

Unfortunately it does not work that way. Magellan Energy was the only victim in the SEC's eyes. If anything was awarded to them, they attributed it to their loses and moved on. The hijacking proved that Magellan never had any legal interest here. They merely paid for stolen property. They too have no obligation to shareholders. The ONLY existing problem that lingers is that MGLG was not an sec reporting company. If it was, it would have been revoked 6 years ago and no one would be talking about anything today. In essence, MGLG ended in 2009. It's "remains" (so to speak) just live on with a name tag on the grey sheets. It is 100% dead money and nothing can ever legally change that.

PS, Shareholders cannot sue the hijacker. The sec already took legal action and sentenced. Since this case was already SEC litigated, the SEC Microcap Fraud Working Group has no jurisdiction or interest here. It's a closed case now.

I think it is time we sued him he went and made sure he collected billions and just forgot about us Mr Man start this stock back up are we well sue you they should make these companies pay us what we paid and he did make a agreement with another party and it was never mentioned on this board fraud unit will love this