Replies to post #21128 on Kentucky Energy (fka QMIN)

[grapeman]

This is the pinks. You can not force the CEO to do anything. Only he knows when it will strike, and to his advantage not yours.
I have even seen the excuse given," We are doing this R/S to protect share holder value".

We tried to warn you. This thing has a PPS of .0001-2 and low operting shares for a reason. Not a diamond in the rough.
I think you siad you were buying at .0001. See if you can sell them for that. GLTA


<<I'm a big shareholder of QMIN now! Do you know how to force the CEO to protect the current shareholder's percentage of ownership in the case of R/S or even huge OS dilutions?>>

[oryx]

You can't.

Do you know how to force the CEO
to protect the current shareholder's percentage of ownership in the
case of R/S or even huge OS dilutions?

Eugene controls the company, period. If I remember correctly, he has a different class of shares (preferred) with enhanced voting rights that outweigh all the other shares up to about the authorized limit. Eugene's shares are not affected by a reverse split, so he maintains control no matter what. If there is a reverse split, you still own the same percentage (of a smaller number) of the common stock. But Eugene still controls the company.

[grapeman]

I notice that you do not list this in the stocks you own. Has your situation changed?