Replies to post #14301 on Kentucky Energy (fka QMIN)

[KingofPennies]

Pedro_ What's even more interesting is on pages 9 and 10 where it states that the liens that National City had were turned over to Interstellar. In turn, Interstellar was granted 50% of the profits. And the real kicker is that Interstellar is suppose to provide the financing for the exit strategy. If Interstellar balks at providing Quest the financing, then Interstellar will walk away with the entire package. Looks like Interstellar has a strangle hold on Eugene's coconuts.

[ndstephens]

hang on a second...

you're showing me a plan dated over a month ago...all those disputes may have been resolved for all you know. where is your proof or document showing which disputes are currently active and which have been resolved??

KOP's documents states they are "awaiting review and approval by the creditors." so i'm guessing the amendments have been made and it needs more time to circulate. the disputes may all agree. there is reason to believe Interstellar is on board at this point.

"Because if the "disputed" issues were resolved, there would be no need to file for an extension!"
...they might be resolved. you still have to circulate the new form to make sure all parties agree and that there aren't new disputes arising. slow down, Pedro. keep in step with what is ACTUALLY going on and what we ACTUALLY know.

[mbsfool]

Yes there are some dsputed claims ,but that door swings both ways, if you look at the operating report filed last week a few of these creditors got paid some royalties so that signals a settlement with them, also if you read carefully quest/gwenco is the disputing party on a few. i also find it strange how interstellar is upto 17 million which seems like an attempt to block potential conversion to 7, since interstellar has priority claims. the last plan filed in august had whitson as the main objector and he is now being paid according to operating statement so this should get confirmed. chapt 7 isnot a possibility now with interstellar in that slot...of course jmho