FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Goett Dennis Manning

2. Date of Event Requiring Statement (MM/DD/YYYY)
12/22/2010 

3. Issuer Name and Ticker or Trading Symbol

MANGOSOFT INC [MCAP]

(Last)        (First)        (Middle)

108 VILLAGE SQUARE, SUITE 315

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
CEO/President /

(Street)

SOMERS, NY 10589       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Mango Capital, Inc. Common Stock   199000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Mango Capital, Inc. Stock Option   1/24/2011   1/24/2021   Mango Capital, Inc. Common Stock   105830   $0.11   D    
Mango Capital, Inc. Stock Option     (1) 1/24/2021   Mango Capital, Inc. Common Stock   166320   (1) $0.11   D    
Mango Capital, Inc. Stock Option     (2) 1/24/2021   Mango Capital, Inc. Common Stock   150000   (2) $0.11   D    
Mango Capital, Inc. Stock Option     (3) 1/24/2021   Mango Capital, Inc. Common Stock   150000   (3) $0.11   D    

Explanation of Responses:
( 1)  166,320 shares vest monthly as follows: 7,560 shares per month for 22 months from 2/24/2011 to 11/01/2012.
( 2)  150,000 shares vest on completion of 22 consecutive trading days on which the MangoSoft Common Stock closes at or above $0.50 per share.
( 3)  150,000 shares vest on completion of 22 consecutive trading days on which the MangoSoft Common Stock closes at $1.00 per share or higher.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Goett Dennis Manning
108 VILLAGE SQUARE
SUITE 315
SOMERS, NY 10589 		X
CEO/President

Signatures
/s/ Dennis M. Goett 2/17/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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