Replies to post #20466 on Kentucky Energy (fka QMIN)

[runnerman]

You must be new and naive about QMIN

If you want to take some time and read thru the 10k reports that Eugene issues you will find out that every month that he is in business he is loosing about $300,000. So how does he finance those looses? he writes out promissary notes to the various lenders and lets them convert at either 0.0001 (which is the par value) or at 40% of the the lowest 3 closing prices during the past month that they wish to convert in.


Eugene already owes more than 6 billion shares to the lenders from the 2009-2010 period so that means that without accounting for the last 4-5 months that has passed (since that whole time he has been getting loans and issuing notes) this stock is guaranteed to have at least 2 more REVERSE SPLITS and you can bet on that.

One more key note: Eugene does not own any common shares (well like 184,000) but that is like $18 worth. So that means that he doesnt even put his own money in his own company cause he knows he will loose it. Eugene happens to be the only Preffered share owner of the Special C series stock which happens to be exempt from reverse splits.

So honestly please do some research before you cause hard working people to loose their money in this scam.

[Value_Investor]

As of yesterday about 139M shares dumped at 0.0001! Those very lucky
0.0001 buyers should prechase 139M shares at .0002 to be fair to the other buyers who never got a share at 0.0001. When will the company
release the 10-K or 10-Q? It will disclose the OS and financial etc.