Replies to post #13741 on Kentucky Energy (fka QMIN)

[Iron Maiden]

Dilution would kick off huge volume and downward pps. What we are seeing is pure lack of interest, nothing more.

[KingofPennies]

Actually, it has been shown that there are around 100M shares/month dumped. Considering there are 22 days/month, that would average out to around 5M/day. Plus, let's not forget that Eugene recently updated the A/S to 2.5B from around 900M. So, it's not out of the question to think this was a another daily dose of dilution.

If you have doubts of this, you can check out the share numbers from the start of this year up until now. I believe Pedro pointed this out in the filings not too long ago. That's not necessarily proof of what just occured but proof that this is going on.

[Pedro2004]

If you read the 10Q's filed, there it states the conversions are being issued at 4.99% of OS per pop.

And in the 10Q's it states QMNM issues only 4.99% for the specific purpose of being below the filing requirements required by the SEC.

Since the 4.99% is below the SEC filing requirements, no Insider needs to file with the SEC.