***NEWS***
Good News and Bad News
Good News: This is real and it is happening.
Bad News: This is going to take time, and we probably won't see much of anything for about another 2-3 months.
I just spoke on the phone with both Dr. Hyde and Ron Foster.
-Dr. Hyde stated that he has written all the laws and submitted everything to the Parliament and Congress of ODIM, and they are just waiting on Energy Quest to complete their end of the bargain. I asked to speak with someone else affiliated directly with Energy Quest and he gave me Ron Foster's phone number.
-Ron Foster - I called him and it was a bad time to speak, he was on another call and someone was in his office but he still answered a few questions quickly and had to go. I did not ask him for a call back, but while I was writing this post he voluntarily called me back and spoke in moderate detail about their plans!
Mr. Foster told me that they are indeed working with Dr. Hyde and he ODIM, but EQST has a stop order from the SEC at this moment until they can get into compliance. He confirmed that they are taking all necessary steps including Accountants, Attorneys, and Auditors to complete everything necessary for the SEC.
Dr. Hyde and Mr. Foster and a few others are traveling to ODIM on Aug 20th to work on more planning and details and basically start a serious game plan on a much larger scale than they had previously completed.
They plan on releasing a PR on their website beginning of next week stating that they have filed an 8K (the one of Aug 3rd). His mindset for how they are proceeding is until they are current, they are not going to do a lot of press releases until they have something of real substance to tell us. He said "it will take time, but this is going to happen, and IT WONT BE NO PENNY STOCK EITHER". I asked him what he meant, and he said "$5 a share easy! You have to understand that this is more than development, we are going to be marketing every single commodity that comes out of that area, Gold, Oil, Wood, Cocoa, everything, that's part of what our trip on the 20th is about and we already are working on deals with brokers in Chicago and a few other places".
He also mentioned that "it may take another 60 days or so to get into compliance with the SEC, but make no mistake, it will happen, we have been down for some time, so we have a lot of catching up to do, but we are up for it and a lot of people are working very hard to make sure it happens."
$EQST I'm excited about this!
