Kentucky Energy (fka QMIN)

[KingofPennies]

Eugene's salary is a whopping $546,000. Not bad for a company going through BK.

http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=2011795&capId=8968071&previousCapId=8968071&previousTitle=Quest%20Minerals%20%26%20Mining%20Ltd.%20Inc.

Plus, he sold 25M shares at .02 into the last run for another $53,840.00

http://investing.businessweek.com/businessweek/research/stocks/ownership/ownership.asp?symbol=QMNM.OB

Pink sheets reported he only had 1.2M to 1.3M shares. How could he have sold 25M a month later?

http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=30183073&txt2find=salary

And since then, good ol' Eugene is bank rolling another $10M.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31676306

Plus, we know that in Q2 the shares increased by 550M of which Eugene controls. At .02, this also points to $11M he has all stashed away ready for a new round of bag holders.

http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=31405210&txt2find=salary

Today, charting the ADX on this stock shows it's at 19. This is an indicator that selling is not over but it is starting to trend up a tad. Once this moves to around 25, we could see another start of a pop.

Given Eugene's history and the condition of the BK, it would appear that there is still could a lot of downside. But, as it gets tighter and tighter for Eugene to satisfy the creditors, there very well could be pressure building to pop this stock again.

Like I've been saying, at this point, it's all about the stock, not the coal.