configure.ac:225: error: possibly undefined macro: AC_CHECK_LIB
If this token and others are legitimate, please use m4_pattern_allow.
See the Autoconf documentation.
configure.ac:225: error: possibly undefined macro: AC_MSG_ERROR
configure.ac:251: error: possibly undefined macro: AC_MSG_WARN
configure.ac:719: error: possibly undefined macro: PKG_CHECK_MODULES
configure.ac:741: error: possibly undefined macro: AC_CHECK_HEADER
autoreconf: /usr/bin/autoconf failed with exit status: 1
you are missing some dependencies on your Ubuntu,
you can download the compiled wallet from here
https://github.com/MagnaCoinProject/MagnaCoin/releases