State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of January 8, 2007, 47,000,000 shares of common stock of the issuer were issued and outstanding.
Authorized: 75,000,000
OS was 45.5M on 2/28/06 and 47M on 9/30/06 so dilution has not been ongoing
I bought in yesterday and will ride it for a while. Looks to me the selling is over for now.
Quantum Energy Inc. (referred to as "Quantum" or the "Company") was incorporated on February 5, 2004, in the State of Nevada. The Company's principal executive offices now are located at 29 - 3800 Gallagers Canyon, Kelowna, BC V1W 3Z8. The Company's telephone number is (250) 809-9185.
Starting in May of 2006 the Company decided to embark on a new business path in oil and gas exploration and acquisitions. The Company intends to acquire interests in the properties and working interests in the production owned by established oil and gas production companies, whether public or private, in United States oil producing areas. The Company believes this opportunity may have considerable future potential.
The degree of expansion of the Company's oil and gas business will depend on availability of funds. When and if funding becomes available, the Company plans to acquire high-quality oil and gas properties, primarily proven producing and proven undeveloped reserves. The Company will also explore low-risk development drilling and work-over opportunities with experienced, well-established operators.