Replies to post #14371 on Kentucky Energy (fka QMIN)

[evens]

Kop, I see you agree, that Quest cant run "out of time"!!

[Pedro2004]

evens _ You need to start doing DD into what's happening.

Check out what Eugene filed with the BK Courts
~ Unlimited free trading shares without SEC Restrictions.


2. In an effort to satisfy the concerns of all creditors, the party providing Debtor-in-Possession financing, Interstellar Holdings LLC, has agreed that the Debtor’s Plan be amended to provide for issuance of Section 1145 convertible securities as a method of payment of Interstellar’s claims (cf. In Re Frontier Airlines, Inc., 93 B.R. 1014 (Colo. 1988)).

http://viewer.zoho.com/docs/rMbdbf


And before you start jumping the boat _ Interstellar is the DIP Financier!

So yes _ Eugene is diluting stock to pay the bills!

[aharfo56]

It's 2.5 billion in total, but yes if you mean he has 1.5 billion more shares to sell then you're correct. However, with that kind of dilution even Mean Gean's Stock Printing Machine (a term KOP came up with, quite a colorful one at that!) will push the stock price so low he'll no longer be able to raise enough cash. Of course, that's when the R/S comes around and the process begins all over again. Problem is, eventually no one will buy the stock and it'll be stuck at .0001

1.5 billion shares at .0001 is only 150K, not enough to keep the mine running for any length of time. He's running out of options and the game is almost up. I'd like for nothing more than Quest to go to $5.75 a share and STAY THERE but it's not likely to happen. Maybe a pop here and there from manipulation and new bagholders, but that's about all we can expect. If it does spike to even a penny, it won't be there long because everyone and their brother is going to sell to try and make their money back.