What about the employment agreements held with Quest (Utah) subsidiary companies.
Example:
Here is Eugene’s Employment Agreement with Quest Nevada. And I’ll say the company again so you don’t get confused; Quest Minerals and Mining, a Nevada Corporation.
4.1 Cash During the initial term of this Agreement the remuneration of the Vice President shall be as follows: A) For first year of this Agreement the Vice President shall be paid the sum of ten thousand dollars of lawful currency of the United States of America (US$10,000) per month. B) For each of the remaining years of the initial term of this Agreement the Vice President shall receive An increase of five thousand dollars per month per year, so that in the second year he shall receive the sum of fifteen thousand dollars of lawful currency of the United States of America (US$15,000) per month, in the third year (US$20,000), in the fourth year (US$25,000) and in the fifth year (US$30,000) per month. <PAGE>
Quest Nevada has common and preferred shareholders. Common shareholder of Quest Nevada is Quest Utah (public company). Preferred shareholders of Quest Nevada are unknown.
Has already been proved the Preferred Shareholder of Quest Nevada were issued the Preferred A shares of Quest Utah.
The Preferred share of Quest Nevada are being converted into ___ Preferred “A” shares of Quest Utah which are then converted into __ freely traded (public) shares and then dumping on the market.
And take a wild Guess who owns the Quest Nevada Preferred shares?