Kentucky Energy (fka QMIN)

[etadder]

$2M Chapter 11 Filing Shouldn't Be a Biggie

One major question that we have heard from investors time and time again relates to QMNM's past chapter 11 filing . From the filing . . . "On August 3, 2007, the Bankruptcy Court approved Gwenco's request for debtor-in-possession financing in an amount of up to $2,000,000. In February 2008, Gwenco submitted a preliminary plan of reorganization to the court for approval."
I will follow up with management here. But from what I gather, once Quest pays back the $2,000,000, the situation is settled. They surely aren't the first or the last company to file for Chapter 11. Moreover, most filing for chapter 11 don't currently lay claim to more than 12 million tons of an asset valued at more than $100 per ton in some regions of the world.Gwenco, Inc. Chapter 11 Reorganization.