Thats funny the previous post i put up was dated Aug 5 yet here you say from the report of july 25th
There are a few things that stick out in that report I read last month.
1) Accordingly, there are 4,483,816,663 votes outstanding voting together as a single class. Shareholders of record at the close of business on July 25, 2008, will be entitled to receive this notice and information statement.
2) On July 25, 2008, Eugene Chiaramonte, Jr., the holder of all of our series C preferred stock, who holds voting power consisting of 3,639,300,796 votes, or approximately 81% of the outstanding votes, delivered a written consent to us adopting the proposal set forth herein.
3) The number of shares and the percentage beneficially owned by each individual listed above include shares that are subject to options held by that individual that are immediately exercisable or exercisable within 60 days from July 25, 2008, and the number of shares and the percentage beneficially owned by all officers and directors as a group includes shares subject to options held by all officers and directors as a group that are immediately exercisable or exercisable within 60 days from July 25, 2008.
4) We intend to file, as soon as practicable on or after the twentieth (20th) day after this information statement is sent to our shareholders, an amendment to our certificate of incorporation effectuating the increase of our authorized common stock with the Secretary of State of Utah. This amendment to our certificate of incorporation will become effective at the close of business on the date the amendment to the certificate of incorporation is accepted for filing by the Secretary of State of Utah. It is presently contemplated that such filing will be made in the first week of September 2008.
** Looks like the "family" is authorized to dump and dump and dump..... 4.5B is one massive size number. It really seems very hard to imagine over coming that. Even those other energy companies that were just posted have around 100M down to around 20M shares. Get this A/S down to those numbers and yes, Quest looks like it could be the stock of a life time. Imagine this stock with 25M A/S sitting at .05 after having used a great portion of a R/S to pay off a big chunk of the BK and the currently running revenue going forward then showing a quick turn around profit making company. **
AI
