All DD shown below is why many of us believe we are about to go on a HUGE run!
We all assume a PR is coming very shortly with updates. Once news is released the cat will be out of the bag and the PPS should certainly appreciate fast. Smart investors have certainly been accumulating the past week, and a potential swarm of new investors should follow with the release of the PR. The price per share may already be multiple pennies when released!
This company has an extremely Low Float and has the potential to run very hard! Chart supports a potential huge run is in the making. ________________________________________________________ Pink Sheets Info Updated on Current Share Structure Outstanding Shares: 129,180,184 as of Jul 30, 2008 Float: 36,325,396 as of Jul 30, 2008 __________________________________________________________ Since the last official Press Release on April 16th, MGLG President Bill Akrivos has been extremely busy! SEC Filings support all DD provided:
In April, MGLG President Bill Akrivos and KY-TENN Oil (William Goodwin) purchased the shell of Startale Group and formed Alco Energy (ACOE), which is on the OTC Bulletin Board. The SEC Filing can be found here ---http://www.secinfo.com/d1aT9c.tc.htm
Mr. Akrivos, age 37, has been the President and CEO of Magellan Energy Ltd. since 2006. Since his election into Magellan, Mr. Akrivos has brought several properties into the company. With proper technical assessment and work over procedures, he had three wells come back as producing properties and revenue generating for Magellan Energy.
William D. "Bill" Goodwin, age 70, has more than 31 years experience in the oil and gas business in Tennessee, Kentucky and Texas. He recently completed serving his seventh term as the President of the Tennessee Oil & Gas Association. ( http://tennoil.com ) He is now the Past President and Director. In 2005 he received the associations Distinguished Service award.
In 1981 he was named the Outstanding Oil Man of the Year by the association. Bill is a founder of the National Association of Royalty Owners and has served on its board of governors for more than 15 years. He is a member of the Independent Petroleum Association of America (IPAA) and served on the Producers Advisory Board for the Appalachian Regional Petroleum Technology Transfer Council.
______________________________________________________ The 36M Float is Completely dried up now! Increase in the OS was due to potential Merger most likely! More DD for links between ACOE, MGLG, KY-TENN Oil and TMD Energy: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31142055
_______________________________________________________ Summary: -Jan 1st MGLG Stock Price = $0.16 -On the date of the last Press Release (April 16th) MGLG was $0.06. -It has been a slow drift downwards ever since, which has been due to no news combined with a slight rise in the float which stands at ONLY 36M shares. -These shares have all since been absorbed and we have hit a recent bottom of .0045. Investors who have seen the SEC reports have been eating up these shares. -What we have learned is that MGLG wasn't just quiet, but President Bill Akrivos was extremely busy making large deals that could potentially make MGLG go on a run for the ages for us Early Investors! -In mid April, MGLG teamed up with KY-TENN Oil and purchased the Startale Group and formed Alco Energy (ACOE), which is fully reporting on the Bulletin Board. -This has created much talk of a potential uplisting merger for MGLG. -Incredible DD has been provided on KY-TENN Oil President William Goodwin and the ties with MGLG. -We now understand why there haven't been any PR's for the past 4 months, as it has definitely been a quiet period. We expect now that many of these deals have been finalized with the SEC, which is shown in SEC Filings, we fully expect to get some updates in official PR's, and a new huge uptrend to start with MGLG.
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