25 May 2007late filing notice▼ Bad
QUANTUM ENERGY INC. notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Feb 2007material agreement termination● NeutralMajor
The company says the KOKO acquisition closed on June 12, 2006, and that by the end of the year it and other investors had an irreconcilable disagreement with the operator, JMT Resources. On January 31, 2007 it sold its Corsicana interests back to JMT for $308,200 and was released from liabilities on those properties. It keeps its Barnett Shale interests. This unwinds the Corsicana part of the 2006 KOKO deal.
14 Sept 2006financial restatement▼ Bad
Morgan & Company resigned as auditor on September 6, 2006, and the company appointed Killman, Murrell & Company, P.C. of Odessa, Texas for the year ending February 28, 2007. The filing says there were no disagreements, and that Morgan's opinions on the years ended Feb 28, 2005 and 2006 carried a going-concern doubt because of net losses and no profitable operations. The company also moved its address to Kelowna, British Columbia, and the filing is now under the name Quantum Energy Inc.
11 Sept 2006auditor change▼ Bad
Morgan & Company resigned as auditor and wrote to confirm it did not dispute the company's account of why. Quantum had only recently been the shell Boomers' Cultural Development, and it was losing its accountant within months of becoming an energy company.
28 July 2006director interest notice● Neutral
Georgina Martin became a QUANTUM ENERGY INC. director and company insider (initial ownership filing).
14 July 2006late filing notice▼ Bad
QUANTUM ENERGY INC. notified the SEC that its quarterly report would be filed late.
14 July 2006director interest notice● Neutral
Ted Kozub became a QUANTUM ENERGY INC. President & Secretary and company insider (initial ownership filing).
24 May 2006material agreement● NeutralMajor
Boomers Cultural Development (the company's name at the time, later Quantum Energy) agreed on May 19, 2006 to buy KOKO Petroleum's Texas oil and gas assets for 1.5 million company shares, and to take on about $1,500,000 of KOKO's notes. It also agreed to pay $150,000 to JMT Resources for the Corsicana Polymer Flood Pilot Program, to pay $20,000 plus up to $80,000 more toward KOKO's legal and audit costs for an OTCBB listing, and to add a KOKO board member, with closing set for May 31, 2006. The assets include three producing wells on the McKinney lease, a 50% funded interest in the Corsicana pilot (KOKO to earn 23.5% on completion), and 10% working interests in two Barnett Shale wells; this moves the company from its earlier cultural-development business into oil and gas.
24 May 2006late filing notice▼ Bad
QUANTUM ENERGY INC. notified the SEC that its annual report would be filed late.
27 May 2005late filing notice▼ Bad
QUANTUM ENERGY INC. notified the SEC that its annual report would be filed late.
14 Jan 2005late filing notice▼ Bad
QUANTUM ENERGY INC. notified the SEC that its quarterly report would be filed late.
26 Oct 2004securities registration● Neutral
QUANTUM ENERGY INC. amended a filing by which it registered a small-business securities offering with the SEC.
6 Oct 2004securities registration● Neutral
QUANTUM ENERGY INC. amended a filing by which it registered a small-business securities offering with the SEC.
12 Aug 2004securities registration● Neutral
QUANTUM ENERGY INC. registered a small-business securities offering with the SEC.