Replies to post #35919 on Magellan Energy, Ltd. (MGLG)

[gattes12]

Yes. Could go either way. Either this company will step up and show something reputable, or the shares will become worth toilet paper as the symbol gets closed out.

Check a few of these examples to see how things turned out.

http://www.otcbb.com/dynamic/marketwatch/tradehalthistory.stm

[abbytraderwin]

Yes I have. See the BHUB board for all of your answers. This is the one situation where the company will not even go to the Grey Sheets. Nobody will trade this on the greys because it is worthless. Also see CSHD, I think they still have a board on Ihub.

This happens to the best of traders. If this is your first time, forget about it and start flipping something else. Your money is gone. If you insist on making yourself totally unhappy, there is plenty of information on the SEC.gov and Nasdaq websites about halts and the consequences. This company will not even have the money to complete a 512c, I beleive it is, when the halt is over. No MM will sponser this company so your shares are toast, GET OVER IT AND MOVE ON QUICKLY.

Good trading to you...