OTCPK:EQST - Post by User
Comment by
Nikolaion May 03, 2008 2:23pm
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Post# 15034803
RE: Mr. Jain
RE: Mr. JainWere you referring to the news release or the actual filing with the SEC in January? Try having a look at the 8k filing as it has a much better description for Mr. Jain under "business experience."
https://www.sec.gov/Archives/edgar/data/1096550/000141540808000023/energyquest8-k.htm
As for Googling businesses, it doesn't quite work like that in India. There can be very large collections of family controlled businesses that do not have much if any web presence or profile. Perhaps a hundred entities may be spread out for tax purposes and can be brought together under one umbrella if there were a public offering or need to cash out. For example, my Indian friends say Vimala Enterprise is the "real deal" although web searches will not turn up very much. I think many people have written off Energy Quest without quite understanding that Mr. Jain is genuine and patience is required for cross border funding arrangements and negotiations to be completed.
Financial, legal and regulatory players can certainly drag things out, even if they mean well. Nevertheless, EQST has now missed 3 self-imposed deadlines so there's no point in throwing another deadline out there. The backer and company are willing participants and hopefully will not accept any further excuses from those in between.