MGM Energy Corp MGMCF

RE: Higher Levels Soon

[netstars]

Hope you're right, but MGX has to come through on some expectations it set, ie. i) guidance: 3Q and 4Q performance will be better than 1st half ii) will successfully renegotiate loan covenants before or by earnings announcement iii) Cingular revenues will largely offset loss of World Com and Enron. If MGX doesn't meet the ii) make progress on meeting i) and iii), we won't be seeing any price appreciation. If it fails to comply with its loan covenants, we may see further price declines. However, if it does renegotiate its covenants and make even small steps towards recovery post World Com and Enron, we'll be seeing very, very substantial gains. Again, good luck all.