Ann: Letter to Shareholders, page-13

Hi herm

Under other circumstances it would probably be a candidate to be a shell. The percentage ownership held by Sol Millennium rules that out.... imo ...[unless Sol M makes some sort of t/o offer for the IP and then puts MGZ up for an RTO.... however, the craze for shell/rto's seems to have passed since markets took a dive recently]

I don't think this company is dead. Certainly there are issues .... but it still sits on my main watchlist.