Replies to post #28129 on Magellan Energy, Ltd. (MGLG)

[ShotsII]

I see alot of people talking about revenues again so I am going to re-emphasize a previous post of mine...

When I read the past PRs I saw nothing promising that the company would provide us with revenue numbers.

The company stated that they are going to give us PRODUCTION numbers. PRODUCTION NUMBERS PRODUCTION NUMBERS PRODUCTION NUMBERS

I know that production leads to revenue after the product is sold, but as far as the anticipated PR is concerned we may not hear a word about any revenue.

Please, all people holding this stock, understand this simple fact and don't get all upset and sell of because you thought you were going to get revenue numbers. We may not. In fact, I believe we probably wont!
But if productions numbers are strong then everyone understand that strong revenue will likely follow in due time.

Have a nice day everyone.

[mat2818]

Well, according to past PRs and disclosed data from Magellan, the acquisition of the 11 wells caused them to "double their production". But last I checked, when you double zero, you still get zero.

Go figure.

[rooner8824]

It is up to Megellan to proove that they are producing revenue by releasing production numbers. None of there PRs show this. We know that they incurring expenses as they specifically mentioned this in their PRs. How much expense I really know, but you don't get these wells for nothing. As far as we know they could be dry holes.

Again the burden of proof is on Megellan.

Without it we must assume that either there is no production or they are withholding information which could negatively effect the stock even more.