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Inductance Energy Corp
3805 Rockbottom
Phone: (480) 734-0337p:480 734-0337 HENDERSON, NV  89052  United States Ticker: QREEQREE
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
Inductance Energy Corporation, formerly Quantum Energy Inc., is a development stage diversified holding company with an emphasis in land holdings, refinery and fuel distribution. The Company is engaged in rare earth elements, metals and oxides. The Company manufactures and distributes magnets, oxides and alloys. The Company operates through three segments: Mining, Minerals and Magnets. The Company’s subsidiaries include FTPM Resources Ltd. and Dominion Energy Processing Group, Inc.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
11/30/20222/28/2022YesYes---

Industries
SIC Code Description
1311 Crude petroleum and natural gas
4700 Transportation services
5172 Petroleum and petroleum products wholesalers, except bulk station
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board William J.Hinz 76 10/22/2020 4/12/2018
Chief Executive Officer, Director HarryEwert 61 12/11/2020 10/22/2020
Chief Financial Officer WilliamWestbrook 47 12/9/2020 12/9/2020
4 additional Officers and Directors records available in full report.

Business Names
Business Name
Boomers Cultural Development Inc.
Dominion Energy Processing Group, Inc.
FTPM Resources, Inc.
6 additional Business Names available in full report.

General Information
Number of Employees: 7 (As of 2/28/2022)
Outstanding Shares: 68,657,069 (As of 12/31/2023)
Shareholders: 58
Stock Exchange: OTC
Federal Tax Id: 980428608


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Wednesday, November 20, 2024