One of the many things certain people don’t understand is Quest Minerals and Gwenco are two (2) separate corporations.
The Quest Minerals structure is set up as:
~ Quest Minerals (Utah Corporation) owns the common shares of Quest Minerals (Nevada Corporation). FYI _ I don’t know who owns the Quest Minerals (Nevada Corporation) Preferred shares.
~ Quest Minerals (Nevada Corporation) owns the common shares of Gwenco. FYI _ I don’t know who owns the Gwenco Preferred shares.
What this comes down to is: Quest Minerals (Utah to Nevada corporations) owns the common stock of Gwenco. Gwenco owns the mineral leases and mining equipment. And no one knows who owns the Preferred Shares of all companies.
All this information is contained with the 10Q’s and BK filings.