Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS.
SportsQuest
common stock is traded in the over-the-counter market under the symbol
“SPQS.PK.”
At
May
31, 2008, there were 12,399,700 shares of common stock of SportsQuest
outstanding and there were approximately 137 shareholders
of record of the Company’s common stock.
The
following table sets forth for the periods indicated the high and low bid
quotations for SportsQuest’s common stock. These quotations represent
inter-dealer quotations, without adjustment for retail markup, markdown or
commission and may not represent actual transactions.
Fiscal
Year Ended May 31, 2008
High
Low
First
Quarter (November – January, 2007)
$
.14
$
.11
Second
Quarter (February – April 2007)
$
.15
$
.15
Third
Quarter (May – July 2007)
$
.75
$
.16
Fourth
Quarter (August – October 2007)
$
.45
$
.45
First
Quarter ( November – January, 2008)
$
.04
$
.035
Second
Quarter (February – April 2008)
$
.05
$
.04
Third
Quarter ( April - May 2008)
$
.04
$
.04
On
August
31, 2008, the closing bid price of our common stock was $.45
Dividends
SportsQuest
has never paid dividends on any of its common stock shares. SportsQuest does
not
anticipate paying dividends at any time in the foreseeable future and any
profits will be reinvested in SportsQuest’s business. SportsQuest’s Transfer
Agent and Registrar for the common stock is Continental
Stock Transfer & Trust Company, 17 Battery Place, 8 th
floor,
New York, NY 10004 to
serve
in the capacity of transfer agent.
14
Rec ent
sales of unregistered securities
On
May
15, 2008, R. Thomas Kidd executed an agreement with DoMar Exotic Furnishings,
Inc.(the “Agreement”) whereby pursuant to the terms and conditions of that
Agreement, DoMar Exotic Furnishings, Inc. purchased 100,000 Series A Preferred
Convertible Shares of our company owned by R. Thomas Kidd, which represents
approximately seventy-nine percent (79%) of our capital stock of SportsQuest,
Inc. The Closing of the transaction occurred on May 20, 2008.
As
consideration for the 100,000 Series A Preferred Convertible Shares, DoMar
Exotic Furnishings, Inc issued R. Thomas Kidd six million, five hundred thousand
(6,500,000) shares of DoMark International, Inc. common stock. In addition,
R.
Thomas Kidd was appointed as Chief Executive officer and a member of the Board
of Directors of DoMar Exotic Furnishings, Inc.
After
the
Closing, the Company changed its name to DoMark International, Inc.
The
issuance of the securities above were effected in reliance on the exemptions
for
sales of securities not involving a public offering, as set forth in Rule 506
promulgated under the Securities Act of 1933, as amended (the “Securities Act”)
and in Section 4(2) and Section 4(6) of the Securities Act and/or Rule 506
of
Regulation D.
Transfer
Agent
The
Company engaged Continental
Stock Transfer & Trust Company, 17 Battery Place, 8 th
floor,
New York, NY 10004 to
serve
in the capacity of transfer agent.
ITEM
6. SELECTED FINANCIAL DATA.
The
following information has been summarized from financial information included
elsewhere and should be read in conjunction with such financial statements
and
notes thereto.
Summary
of Statements of Operations of SportsQuest, Inc.
Year Ended May
31, 2008
15
Statement of Operations Data
Years Ended May 31,
2008
Revenues
$
15,750
Operating
and Other Expenses
(1,422,546
)
Net
Loss
$
(1,406,796
)
Balance
Sheet Data:
Years Ended May 31,
2008
Current
Assets
$
138,595
Total
Assets
14,766,521
Current
Liabilities
3,993,436
Non
Current Liabilities
988,514
Total
Liabilities
4,981,949
Working
Capital (Deficit)
(3,854,840
)
Shareholders'Equity
(Deficit)
$
9,784,572