QMNM Update
After speaking with the CEO Eugene Chiaramonte, Jr briefly today we were able to answer a few questions shareholders have been having.
Q. Where does the company stand in regards to the bankruptcy?
A. QMNM is submitting the disclosure statement to the judge this week. Once the judge reviews it he will approve it or disapprove it and the company will have to revise the plan. The CEO Eugene said that this should take about three months before it is finalized.
Q. Is the company still mining and what are their production levels?
A. Eugene says that he should have production numbers at the end of the month and that they have been mining everyday.
Check back periodically as we will continue to update our sites as information becomes available.
Q. Where does the company stand in regards to the bankruptcy?
A. QMNM is submitting the disclosure statement to the judge this week. Once the judge reviews it he will approve it or disapprove it and the company will have to revise the plan. The CEO Eugene said that this should take about three months before it is finalized.
Q. Is the company still mining and what are their production levels?
A. Eugene says that he should have production numbers at the end of the month and that they have been mining everyday.
Check back periodically as we will continue to update our sites as information becomes available.
posted by "Staff" at
10:57 AM
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