Replies to post #13756 on Kentucky Energy (fka QMIN)

[Pedro2004]

Here you go!



Corporate insiders-meaning a company's officers and directors, and any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934-must file with the SEC a statement of ownership regarding those securities.


http://www.sec.gov/answers/form345.htm





The issuance of shares upon conversion of our convertible securities
may cause immediate and substantial dilution to our existing stockholders. The
issuance of shares upon conversion of our outstanding convertible notes or
Series A Preferred Stock may result in substantial dilution to the interests of
other stockholders since the selling stockholders may ultimately convert and
sell the full amount issuable on conversion. Although the selling stockholders
may not convert their convertible notes if such conversion would cause them to
own more than 4.99% of our outstanding common stock, this restriction does not
prevent the selling stockholders from converting some of their holdings and then
converting the rest of their holdings. In this way, the selling stockholders
could sell more than this limit while never holding more than this limit. There
only upper limit on the number of shares that may be issued is the number of
shares of common stock authorized for issuance under our articles of
incorporation. The issuance of shares upon conversion of the convertible notes

http://www.sec.gov/Archives/edgar/data/1130126/000101905608000561/quest_10k07a1.txt




So who’s twisting facts? _ You or I?

[KingofPennies]

dale,

Why do you continue to argue over something so trivial? All your answers are in the PPS. It's sitting at .0019. The company continues to dilute because there is virtually zippo income. How else can they pay all the bills and wages? It certainly isn't coming from selling mounds of coal otherwise they wouldn't be BK.