OTC stocks fund operations with share equity. Just that simple. Why do you think the float has increased over the last 18 months? I wouldn't be surprised if MGLG had to sell more shares then already have. Most of this gas will be put in reserves to be held till wintertime.
MGLG has the onus to report the production numbers whenever they want. MGLG is not a reporting company. They basically can do whatever they want with SS, PR, IR, PPS, but you should know that going in to pinks. If you want a reporting company, one that tries to everything on the up and up, this is not the place for you, sorry.
To assume that there is no production is just plain ignorant. These things take time, MGLG most likely will need 6 weeks to report average daily gas flow. I'm starting to think more and more that MGLG will report number in July. If we don't get it on Monday, with the short week its not looking good anymore news in June. But I could be totally wrong.
Enjoy!
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