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The following is an excerpt from a SB-2/A SEC Filing, filed by MAGNEGAS CORP on 12/11/2007.
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MAGNEGAS CORP - SB-2/A - 20071211 - SELLING_SHAREHOLDERS
SELLING SHAREHOLDERS
 
The shares being offered for resale by the selling stockholders consist of the 212,500 shares of our common stock held by 83 shareholders.  Of such amount we are registering 157,500 shares of our common stock held by 72 shareholders, which were sold to investors in an offering which ended in October 2007 at $1.00 per share; 20,000 shares issued for founding services to four shareholders in May 2007 and 35,000 shares issued for services to seven shareholders in May and September of 2007.
 
The following table sets forth the name of the selling stockholders, the number of shares of common stock beneficially owned by each of the selling stockholders as of December 7, 2007 and the number of shares of common stock being offered by the selling stockholders. The shares being offered hereby are being registered to permit public secondary trading, and the selling stockholders may offer all or part of the shares for resale from time to time. However, the selling stockholders are under no obligation to sell all or any portion of such shares nor are the selling stockholders obligated to sell any shares immediately upon effectiveness of this prospectus. All information with respect to share ownership has been furnished by the selling stockholders.
 
Name of selling stockholder
Shares of common stock owned prior to offering
Shares of Common stock to be sold
Shares of  Common stock owned after offering
Percent of common stock owned after offering (1)
Leslie S. Peterson
1,000
1,000
0
0%
Jeffrey J. Malzone and Linda R. Malzone
1,000
1,000
0
0%
Jerome W. Hall and Loretta E. Hall
1,000
1,000
0
0%
Joseph A. Paoloni
5,000
5,000
0
0%
Margaret Paoloni
5,000
5,000
0
0%
Creative Sports Enterprises (2)
1,000
1,000
0
0%
Keith H. Peterson
4,200
4,200
0
0%
David Folkman
1,000
1,000
0
0%
Douglas Ray Jones
1,000
1,000
0
0%
Sherepta Chroninger McLeod
1,000
1,000
0
0%
Donald L. Feinstein
1,000
1,000
0
0%
Abhulrahman A. Alhomoud and Adnan A. Alhomoud
1,000
1,000
0
0%
Abdullla A. Alhomoud and   Adnan A. Alhomoud
1,000
1,000
0
0%
Afaf M. S. Aladsani
10,000
10,000
0
0%
Hala A. Alhomoud and Adnan A. Alhomoud
1,000
1,000
0
0%
Hiba A. Alhomoud and Adnan A. Alhomoud
1,000
1,000
0
0%
 
 
 
Adnan A. Alhomoud
11,000
11,000
0
0%
Dan Aminya
1,000
1,000
0
0%
Craig Potter
1,500
1,500
0
0%
Shirley A. Rumschlag
500
500
0
0%
Henry B. Rumschlag
1,500
1,500
0
0%
William E. Kilbourne, III
1,300
1,300
0
0%
Paul W. Gibson
1,000
1,000
0
0%
Connie J. Wiedmann
1,000
1,000
0
0%
Roderic E.Harris
2,000
2,000
0
0%
Robert Greenwood
2,000
2,000
0
0%
Ronald B. Cole and  Hermelinda Cole
1,000
1,000
0
0%
Craig E. Morgan
1,000
1,000
0
0%
Petr Lisa
1,000
1,000
0
0%
Helmut Ziehe  and  Susannah R. Ziehe
1,000
1,000
0
0%
James H. Rumschlag
1,500
1,500
0
0%
Patrizia Medail
1,000
1,000
0
0%
Aldo Gandiglio
1,000
1,000
0
0%
Steve William Rogers and Stacy Ann Rogers
1,000
1,000
0
0%
Robert Pedrino
1,000
1,000
0
0%
Helen Pedrino
1,000
1,000
0
0%
Gerald Soviar and Mary Ann Soviar
1,500
1,500
0
0%
Robert J. Kaltenbach
1,000
1,000
0
0%
Jeannette M. Hobbins
1,000
1,000
0
0%
Daniel D. Moore, Jr.
1,000
1,000
0
0%
Wade Dorffi
1,000
1,000
0
0%
Myron V. Knapp
1,000
1,000
0
0%
Daniel D. Evans
500
500
0
0%
Michael Harrison
2,000
2,000
0
0%
Curtis Sharp
5,000
5,000
0
0%
Chris Carlson
1,000
1,000
0
0%
Eric C. Carlson
2,000
2,000
0
0%
John McNab
6,000
6,000
0
0%
Joseph A. Lentini and Gloria J. Lentini
1,000
1,000
0
0%
Jeffrey Robbins and Patricia  Robbins
1,000
1,000
0
0%
Milton D. Rees and Vera M. Rees
1,000
1,000
0
0%
Frances Oman
1,000
1,000
0
0%
Abbie Blair
500
500
0
0%
Phillip E. Yokley and Ruby Lee Yokley
1,000
1,000
0
0%
Clean Energies Tech (3)
130,000
30,000
100,000
1%
Luisa Ingargiola (4)
10,000,000
5,000
9,995,000
14%
Eric Gregory Holdings (5)
10,000,000
5,000
9,995,000
14%
Global Alpha, LLC (6)
31,000,000
5,000
30,995,000
44%
Jerry Paul
60,000
5,000
55,000
*
Robert Wilson
30,000
5,000
25,000
*
Asher Kaltian
1,000
1,000
0
0%
Diane Claire Holland
1,000
1,000
0
0%
Clifford A. Stock
1,500
1,500
0
0%
Amani Channel
1,000
1,000
0
0%
Steve G. Scalmanini
1,000
1,000
0
0%
Melionda L. Baker
1,000
1,000
0
0%
Namdar Avnel
1,000
1,000
0
0%
Aminia and Abraham Pnina
1,000
1,000
0
0%
Mike and Judy Jeffery
500
500
0
0%
Taryn R. Duncan
1,000
1,000
0
0%
Bonnie L. Carpenter and Jerry J. Jezowski
1,500
1,500
0
0%
Raymond Paulson
5,000
5,000
0
0%
 
 
 
Scott Anderson
3,000
3,000
0
0%
Jay C. Barrett and Winnie M. Barrett
1,000
1,000
0
0%
Ramba and Pravin Kakadiya
5,000
5,000
0
0
Bharat and Padma Mendpara
2,000
2,000
0
 
William and Leva Pedrino
1,000
1,000
0
0
Ruth O'Loughlin
15,000
5,000
10,000
0
Gregg E. Jaclin (7)
40,000
5,000
35,000
*
Richard I. Anslow (8)
50,000
5,000
45,000
*
Christine L. Zurich (9)
10,000
5,000
5,000
*
Clifford Hunt (10)
100,000
5,000
95,000
*
 
* Less than 1%.

(1) Based on 67,639,500 shares currently outstanding.
(2) Creative Sports Enterprises is owned and controlled by Ed Ingargiola who has investment control over its shares of our common stock.
(3) Clean Energies Tech is owned and controlled equally by Dr. Ruggero Santilli, Carla Santilli, Ermanno Santilli and Luisa Ingargiola who have investment control over its shares of our common stock.  Dr. Ruggero Santilli, Carla Santilli and Luisa Ingargiola are officers and/or directors of MagneGas.
(4) Luisa Ingargiola is our Chief Financial Officer and Director.
(5)  Eric Gregory Holdings is owned and controlled by Bo Linton who has investment control over its shares of our common stock.
(6) The sole members of Global Alpha, LLC are Luisa Ingargiola and Ermanno Santilli and therefore they have investment control over its shares of our common stock.
(7) Gregg E. Jaclin is a partner at Anslow & Jaclin, LLP, legal counsel for MagneGas, Inc. with regard to this registration statement, and was issued 40,000 shares for legal services rendered.
(8) Richard I. Anslow is a partner at Anslow & Jaclin, LLP, legal counsel for MagneGas, Inc. with regard to this registration statement, and was issued 50,000 shares for legal services rendered.
(9) Christine L. Zurich was an associate at Anslow & Jaclin, LLP, legal counsel for MagneGas, Inc. with regard to this registration statement, and was issued 10,000 shares for legal services rendered.
(10) Clifford Hunt is an attorney with Clifford Hunt PA and is legal counsel for the Santilli family.  He was issued 100,000 shares for legal services rendered.
To our knowledge, except as set forth below, none of the selling shareholders or their beneficial owners:
 
-
Has had a material relationship with us other than as a shareholder at any time within the past three years; or
-
Has ever been one of our officers or directors or an officer or director of our predecessors or affiliates
-
are broker-dealers or affiliated with broker-dealers.
 
The following sets forth the relationships between the selling shareholders and our officers and directors:

Gary Linton-
father of Bo Linton
Michelle Linton-
sister of Bo Linton
Robert Sylvander-
uncle of Bo Linton
Karen Baker-
mother in law of Bo Linton
Robert Gephardt-
father in law of Bo Linton
Aldo Gandiglio-
brother of Carla Santilli
Patricia Medail -
sister in law of Dr. Ruggero and Carla Santilli
Ed Ingargiola-
husband of Luis Ingargiola
Carla Santilli-
wife of Dr. Rugerro Santilli
Ermanno Santilli-
son of Carla Santilli and Dr. Rugerro Santilli
BROKERAGE PARTNERS