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And a stock pumper is someone who posts the same posts every day like cat fishing. Hoping someone somewhere believes their lies.
The license can be for the universe for all good it does. If no one wants it on earth then the stockholders better hope the aliens want it.
Where is it working if it’s such in demand and a game changer?
The below is so TRUE in regards to QSEP
A stock basher is someone who manipulates the market to cause a drop in asset prices.
Stock bashers disseminate misinformation in the hopes that investors will believe the false claims and sell their stock before the price drops.
These individuals often target low-priced companies that have little to no available information on the market and may have positions in assets whose prices fall.
Some bashers may act alone or in groups or they may work on behalf of other individuals
Stock bashing is illegal and may be subject to fines and prosecution
If authorities don't believe lies told by uneducated fools with a low IQ, compulsive liar's, failed crypto Cardano traders, grubs, tax cheats, paid bashers or fraudsters, nor do I
The License Agreements are exclusive, and the territory licensed to the Company is worldwide and replace previously issued License Agreements.
we are proud to report that the AOT works at a full voltage of 40KV, well beyond the treatment field.
Yeah, wannabe surfers & uneducated fools with Low IQ's don't know the difference between a yacht in the water & Rolex watch brand yacht master, ha ha ha. Dumb & Dumber. How about those hidden & undeclared QS share certificates numbers held at Natco be re published again ? The certificates that weren't disclosed in a court of law in Perth by the fraudster & grub
Currently, Mr. Kyte will not receive any cash or stock consideration for his roles as CEO and CFO of the Company until approved by the Board. Currently, there is no agreement or arrangement regarding compensation for Mr. Kyte in his roles as CEO and CFO of the Company
So if the AOT works and is a game changer why oh why does the “oil industry “ continue to say no to the crack sales and engineering team assembled by QSEP? Maybe it’s just a pipe dream eh?
More of Sano's LIES exposed by AISI, well done
Because I said that the design of the AOT is to slow crude oil as it passes through the AOT for proper treatment you are now saying::
So Aot is now a bottle neck right after exiting a pump station’s 3500 hp turbulent outflow? I’d stop now if I was you
No bottleneck. We had this same discussion 8 months ago. You either can't remember, can't grasp the concept, or are just making stupid arguments for the fun of it. Another waste of my time.
From a post 8 months ago:
If we use the TransCanada XL pipeline AOT installation as an example we can see the real story. The TC pipeline had a 36 inch diameter capable of moving 830,000 bpd. To accommodate that size line a skid of 4 AOTs was installed. Each of the four AOTs has an inside diameter of 36 inches. The whole point of installing multiple AOTs after each pumping station was to slow the flow of oil inside the AOT to allow adequate time for treatment to be effective without reducing the overall volume of the pipeline.
If you couldn't grasp the concept I was going to suggest you ask PumpersExposed for help, but I can see he doesn't get it either.
I've wasted enough time on you now. Good-bye.
So true. Thanks AISI for posting more FACTS & exposing the LIES of SHORTERS & BASHERS who continue to make fools of themselves
I have addressed all of the nonsense in your next to the last post many times in the past. I'm not going to waste my time again. I will leave you with one question. If your claim is true that the science behind the AOT can't work because of some made up law of nature as well as all of the other problems you have innumerated, then what explains the results below from a test on the TransCanada Pipeline.
Subsequent testing by ATS in September 2014 demonstrated viscosity reductions of 8% to 23% depending on flow rates and crude oil types in transit. In its summary report, ATS concluded that i) data indicated a decrease in viscosity of crude oil flowing through the TransCanada pipeline due to AOT treatment of the crude oil; and ii) the power supply installed on our equipment would need to be increased to maximize reduction in viscosity and take full advantage of the AOT technology. While more testing is required to establish the efficacy of our AOT technology, we are encouraged by the findings of these field tests performed under commercial operating conditions. We look forward to further development and commercialization of our technology.
Did you catch that? Under full commercial operating conditions the AOT demonstrated viscosity reductions of between 8% to 23%. Those are not trivial numbers. Those numbers were achieved despite the AOT being severely under powered. The science worked! The engineering not so much.
Was Mother Nature off duty when that occurred? Maybe someone snuck in and altered the data.What do you think?
More LIES exposed. Thanks to poster AISI for posting more FACTS. If the authorities don't believe the lying grubs with a low IQ, nor do I.
Sano sneers that "anyone following this company & awake knows it was a pressure hydrostatic test that they also ran a current through. It wasn't operating with oil".... He goes on trying to further educate us all about how water is not that conductive and its use is a far cry from duplicating "field conditions".
The problem with this analysis is that OIL WAS USED in the hydrostatic test. The following is a quote from QS Energy:
After final assembly, on December 29th, the AOT was configured with a representative oil sample whilst maximum power was applied. Figure 2 shows the power supply at 40.2 kV during the test. While we expect to operate around 28 kV the additional voltage availability will allow us the flexibility of increasing the electric field if we have a desire or need to do so.
But poster AISI has exposed your lack of scientific and investment knowledge time & time again only for the compulsive liar & uneducated fool to run and hide.
You specifically claimed the most recent test was done without oil in the AOT. That was wrong! No amount of dancing and misdirection will change that.
In the past you have specifically claimed crude oil was non-polar. That was wrong! In fact, now you are saying that crude can contain conductive trace compounds. Thank you for inadvertently owning your blunder.
You have specifically claimed that it is a "law of mother nature" that viscosity can't be changed without changing density. That was wrong! Richard Feynman would have laughed his a** off if you shared that with him.
It looks like you are the one "defending the indefensible".
So who from the London syndicate is SHORT big time on QS ? It's not too late to cover. The clock is ticking....
What about the London naked short syndicate shares ? No, there’s no such thing as naked shorting, nah. Ears pop to even the mention of it. Lmfao.
What a bait click hoot
https://otcshortreport.com/company/QSEP?index=qsep&action=view#.Vc0xR17ovIU
Once all the parts were delivered for a full AOT, we assembled the stack and installed the stack into the vessel. The vessel was filled with oil and tested. We were able to apply full voltage of 40.1kV to the AOT. We believe the AOT is ready to test with customer oil and be deployed back into the field. Having achieved a positive hydrostatic test, we were able to have our final engineering call with our new potential development partner. We are currently in pursuit of an LOI to include financial metrics for a commercially viable contract.
Also, Director Bunting converted his 8 cents warrants 7 years early when the share price was at 3 cents. The expiry date on those warrants are 2029. Perhaps he knows something that others don't know.
https://ir.qsenergy.com/all-sec-filings/content/0001683168-22-005510/ownership.html
WOW, more INSIDER BUYING, this time by the new uncompensated ceo Kyte. He MUST believe in the technology. From the latest 10K filing
During the period August 2020, through June 2021 (the “Relevant Period”), Mr. Kyte provided the Company with $275,000 in working capital. During this Relevant Period, Mr. Kyte also introduced capital to the Company in the sum of $150,000 from third-party sources. This capital was received by the Company in exchange for convertible promissory notes and related warrants. With this additional third-party capital infusion, during this Relevant Period, Mr. Kyte was responsible, directly and indirectly, for providing the Company with working capital in the amount of $425,000.
Yes, another Form 4 for more INSIDER BUYING, again by director Eric Bunting. All the $$$ goes to the company.
https://ir.qsenergy.com/all-sec-filings/content/0001683168-24-000913/ownership.html
"We are delighted to announce the appointment of Christopher Gallagher, who brings a wealth of relevant technical, engineering, international business and industry expertise. He has been responsible for bringing numerous products to market, brings deep industry relationships, and has an exceptional grasp of fluid mechanics, which will be of tremendous benefit as we advance our full-scale pilot program and seek to enter the commercial phase."
Over his career, Dr. Gallagher has brought multiple technologies to the international market, has worked and sold products and services in many countries, and has deep expertise in addressing flow assurance and the complexities of heavy crude oil transportation for one of the largest oil services companies in the world. As President of Multiphase Consulting, Dr. Gallagher provides consulting services to the oil and gas industry in the areas of strategy development, due diligence, technical evaluation, and business development. He also advises clients on procurement of new technologies and acquisition activities. Previously, Dr. Gallagher served as President of e9 treatments, where he developed and executed a strategic plan to advance the company's surface treatment technologies in the oil and gas industry, including expansion of the IP portfolio, and commercialization activities, resulting in significant cost savings due to improved wax management for the customers. From 2012 to 2015, he served as Vice President of Technology and Product Management at Rockwater Energy Solutions, a leading provider of water solutions and oilfield chemicals to the North American oil and gas energy market. While at Rockwater, he built a strategy targeting high growth areas for development resulting in an increase in the number of successful new products by more than 200% the first year. He also streamlined operations and rationalized product lines resulting in significant cost savings. From 2010 to 2011 he served as a Vice President with SCF Partners, an energy-focused private equity firm. From 1996 to 2010 he served in a variety of roles with Baker Hughes, most recently as Vice President of Technology for Fluids and Chemicals managing a team of 100 scientists and engineers, where he oversaw a variety of product platforms including drilling fluids, reservoir fluids, fluid environmental services, production optimization, integrity management and flow assurance. Dr. Gallagher holds a Doctor of Philosophy in Chemical Engineering from the University of Notre Dame, a Master of Science in Chemical Engineering from the University of Notre Dame, and a Bachelor of Science in Chemical Engineering from the University of California, Davis. He has authored 10 patents and numerous publications in the fields of fluid dynamics, chemicals, as well as oil and gas technologies.
Dr. Gallagher noted, "Having worked closely with pipeline operators, I recognize the unmet market need for QS Energy's patented Applied Oil Technology (AOT). In my experience working with teams of scientists and engineers to find cost effective ways to reduce crude oil viscosity and increase pipeline efficiency, I have not come across a technology that could replace traditional diluents and additives. The AOT has the potential to reduce or eliminate dependence on chemical additives with an elegant electromechanical system. The value proposition from both a logistics and economic standpoint for the customers is compelling. I look forward to helping advance the technology through full commercialization and anticipate rapid market uptake."
The Board also approved a resolution suspending all Board compensation effective January 1, 2021, payable under the Company’s May 6, 2014, Board compensation policy as amended January 1, 2015.
Currently, Mr. Kyte will not receive any cash or stock consideration for his roles as CEO and CFO of the Company until approved by the Board. Currently, there is no agreement or arrangement regarding compensation for Mr. Kyte in his roles as CEO and CFO of the Company
UPDATED. More "INSIDER BUYING". Below is a recap of all the RECENT "INSIDER BUYING" by QS directors. This includes the RECENT $275,000 investment by the uncompensated ceo Kyte. The list CONTINUES to grow & grow
https://ir.qsenergy.com/all-sec-filings/content/0001683168-24-000913/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-23-001711/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-22-005510/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003139/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003137/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002014/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002016/ownership.html
(1) On 8/5/2016 Don Dickson invests $70,000 in a Private Placement offering of convertible notes and warrants.
(2) On 10/13/2016 Don Dickson converts his note into common stock.
(3) On 4/17/2017 Dr. Eric Bunting invests $50,000 in a Private Placement offering of convertible notes and warrants.
(4) On 5/15/17 Richard Munn invests $10,000 in a Private Placement offering of convertible notes and warrants. He immediately converts the notes to common stock.
(5) On 5/15/2017 Richard Munn buys 42,000 shares of common stock in the open market at $0.24 per share.
(6) On 5/31/2017 Thomas Bundros invests $100,000 in a private Placement of convertible notes and warrants. He immediately converts the notes to common stock.
(7) On 7/19/2017 Dr. Eric Bunting invests an additional $40,000 to convert his warrants and stock options into common stock well before their expiration dates.
(8) On 7/30/2017 Don Dickson invests an additional $38,500 to convert warrants into common stock.
(9) On 8/2/2017 Gary Buchler invests $50,000 to buy common stock at market prices and convert all of his vested stock options.
(10) On 10/2/2017 Dr. Eric Bunting invests an additional $33,875 to buy 125,000 shares of common stock in the open market at $.271 per share. He also converts 178,002 of his newly vested stock options into common stock at an out of pocket cost of $12,460. This brings his total common stock holdings to 6,735,430 shares worth approx. $1.8 million at today's price.
(11) On 2/6/2018 Dr. Eric Bunting converts 179,710 of his newly vested stock options into common stock, well before their expiration date, at an out of pocket cost of $12,580.
(12) On 3/30/2018 Dr. Eric Bunting invests another $40,000 in a private Placement of convertible notes and warrants. He immediately converts the notes to common stock.
(13) On 3/30/2018 Dr. Eric Bunting invests an additional $18,000 to convert warrants into common stock, well before their expiration date.
(14) On 05/14/2018 Richard Munn invests an additional $5,500 to convert his 110,000 warrants into common stock.
(15) On 11/26/2018 Dr Eric Bunting invests another $25,000 in a private Placement of convertible notes and warrants.
(16) On 11/26/2018 Don Dickson invests another $25,000 in a private Placement of convertible notes and warrants.
(17) On 02/21/2019 ceo Jason Lane invests $25,000 in a private Placement of convertible notes and warrants.
(18) On 02/25/2019 Thomas Bundros invests $15,000 in a private Placement of convertible notes and warrants.
(19) On 02/25/2019 Richard Munn invests $10,000 in a private Placement of convertible notes and warrants.
(20) On 3/21/2019 Dr. Eric Bunting invests an additional $50,000 to convert warrants into common stock, well before their expiration date.
(21) On 04/03/2019 Thomas Bundros invests an additional $8,250 to convert warrants into common stock, well before their expiration date.
(22) On 02/25/2019 Richard Munn invests an additional $11,000 to convert warrants into common stock, well before their expiration date.
(23) On 06/04/2019 Dr Eric Bunting invests another $100,000 in a private Placement of convertible notes and warrants.
(24) On 09/23/2019 Dr Eric Bunting invests another $200,000 in a private Placement of convertible notes and warrants.
(25) On 03/23/2020 Dr Eric Bunting invests another $30,000 in a private Placement of convertible notes and warrants.
(26) On 03/18/2020 chairman Jason Lane invests another $20,000 in a private Placement of convertible notes and warrants.
(27) On 06/12/2020 ceo Don Dickson invests another $10,000 in a private placement of convertible notes and warrants.
(28) On 06/19/2020 cfo Michael McMullen invests $6,600 in a private placement of convertible notes and warrants.
(29) On 06/19/2020 Richard Munn invests another $10,000 in a private placement of convertible notes and warrants.
(30) On 06/19/2020 Dr Eric Bunting invests another $30,000 in a private placement of convertible notes and warrants.
(31) During the period August 2020, through June 2021 (the “Relevant Period”), Mr. Kyte provided the Company with $275,000 in working capital. During this Relevant Period, Mr. Kyte also introduced capital to the Company in the sum of $150,000 from third-party sources. This capital was received by the Company in exchange for convertible promissory notes and related warrants. With this additional third-party capital infusion, during this Relevant Period, Mr. Kyte was responsible, directly and indirectly, for providing the Company with working capital in the amount of $425,000.
(32) On 08/10/2022 Dr Eric Bunting invests an additional $20,000 to convert warrants into common stock, well before their expiration date in 2029.
(33) On 03/22/2023 Dr Eric Bunting invests an additional $15,000 in a private Placement of convertible notes and warrants.
(34) On 02/13/2024 Dr Eric Bunting invests an additional $10,000 in QS Energy
All of the individuals named above are part of QSEP's Board of Directors. All of them are investing their own money in QSEP. While NDA's may prevent them from talking about the specifics of any particular corporate relationships, this is a powerful alternative way to express just how confident they are in QSEP's immediate future.
I've emphasized the word immediate because I think the motivation for early conversion of 10 year stock options is based on a strong belief that the stock will be going substantially higher in the near term. This early conversion will reduce the future tax burden substantially if that were to occur (long term capital gain instead of ordinary income).
The "bargain element" of a stock option is taxed as ordinary income while the remaining gain is taxed at the lower capital gains rate. Exercise of a stock option while the underlying security price is low insures that the "bargain element" will also be low allowing for the best tax outcome (the bargain element is the difference between the price at the time of exercise and the grant price). For the owner of a QSEP stock option it requires a very powerful incentive to give up a 10 year "free look". A savvy investor would hold onto a stock option as long as possible, exercising and putting up money only at a time when the outlook was so positive that it is likely to move the stock substantially higher. Anybody exercising their stock options today must feel now is that time.
In its most extensive testing during this deployment, the AOT was operated under full-scale commercial operating conditions over a two-day period. Operations were overseen by the pipeline operator and QS Energy engineers, while engineers from ATS RheoSystems, a division of the CANNON Instrument Company (“ATS”), were on-site collecting data for subsequent analysis. Oil samples were taken from the pipeline both before and after treatment by the AOT. Viscosity measurements were conducted on three grades of heavy crude oils over the two-day testing period. Data collected and analyzed before and after AOT treatment demonstrated a decrease in viscosity of approximately 23 percent 3 hours after treatment, and a decrease in viscosity of approximately 11 percent 13 hours after treatment; 22 hours after treatment, the crude oil had returned to its original pr e-treated viscosity.
we are proud to report that the AOT works at a full voltage of 40KV, well beyond the treatment field.
We believe QS Energy’s technologies will enable the petroleum industry to gain key value advantages boosting profit, while satisfying the needs of regulatory bodies at the same time. Key players in the pipeline industry continue to demonstrate interest in our technologies.
NAKED SHORT SELLING gets reported differently & isn't part of Finra reporting. Experts that know their job tell me there is a HUGE SHORT position in QS from the London syndicate.
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
As QS is getting closer & closer to SUCCESS with the PROVEN AOT, those that are SHORT big time on QS seem to be getting more & more desperate with their CONTINUED LIES.
I would NOT want to be SHORT on QS Energy. I notice the SHORT POSITION in QS Energy is increasing as per the EVIDENCE in the short report below.
https://otcshortreport.com/company/QSEP?index=qsep&action=view#.Vc0xR17ovIU
That is true, I have far lower margin requirements than 250k, so at 250k it doesn't make a lot of sense.
I am short and wouldn't like be long
I have been short since 2014, and will keep my short position up just to keep me interested in the story
If orders materialize and the company starts generating cash flow commensurate with the current market capitalization, I am more than willing to admit that I am wrong and cover my short position.
but I still have a residual short position left to keep me interested. If the stock goes up more, I might increase my short position.
I just think that this is a worthless POS pump-and-dump scheme that has been fleecing shareholders for years, and that is the reason I've been short this name for a few years.
The below is so TRUE in regards to QSEP
A stock basher is someone who manipulates the market to cause a drop in asset prices.
Stock bashers disseminate misinformation in the hopes that investors will believe the false claims and sell their stock before the price drops.
These individuals often target low-priced companies that have little to no available information on the market and may have positions in assets whose prices fall.
Some bashers may act alone or in groups or they may work on behalf of other individuals
Stock bashing is illegal and may be subject to fines and prosecution
Below FACTS from the latest 10K filing. This is about the present, now & the future, not what happened many years ago. The PROVEN AOT is a "GAME CHANGER" for the oil industry
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
Once all the parts were delivered for a full AOT, we assembled the stack and installed the stack into the vessel. The vessel was filled with oil and tested. We were able to apply full voltage of 40.1kV to the AOT.
A noteworthy milestone has been achieved, demonstrating significant viscosity reduction for the specified oil target. Our collaboration with Temple University continues as we meticulously define the operational parameters of the AOT system, essential for effective field deployment. Concurrently, we are actively exploring other promising opportunities in parallel.
Our current and primary product portfolio is dedicated to the crude oil production and transportation marketplace, with a specifically targeted product offering for enhancing the flow-assurance parameters of new and existing pipeline gathering and transmission systems.
Our primary goal is to provide the oil industry with a cost-effective method by which to increase the number of barrels of oil able to be transported per day through the industry’s existing and newly built pipelines. The greatest impact on oil transport volume may be realized through reductions in pipeline operator reliance on diluent for viscosity reduction utilizing AOT technology; a process the Company refers to as electronic diluent, or “eDiluent”. The Company filed for trademark protection of the term eDiluent in 2017. We also seek to provide the oil industry with a way to reduce emissions from operating equipment. We believe our goals are realizable via viscosity reduction using our AOT product line.
We believe QS Energy’s technologies will enable the petroleum industry to gain key value advantages boosting profit, while satisfying the needs of regulatory bodies at the same time. Key players in the pipeline industry continue to demonstrate interest in our technologies.
But wait, according to the “experts”, I thought this was supposed to be just a “simple leak test” ? Wonder why they would need to run the device at 40KV for a “simple leak test?” I guess we can also throw the “going against the laws of mother nature” claim out the window as well (I still laugh at that one). Looking forward to exposing more of the continued lies against the company....meanwhile I’ll continue loading up while the price is at a bargain rate.
https://s3.amazonaws.com/content.stockpr.com/qsenergy/files/news/2022/Successful_Hydrostatic_Test_Complete_December_30_2022.pdf
Our primary goal is to provide the oil industry with a cost-effective method by which to increase the number of barrels of oil able to be transported per day through the industry’s existing and newly built pipelines. The greatest impact on oil transport volume may be realized through reductions in pipeline operator reliance on diluent for viscosity reduction utilizing AOT technology; a process the Company refers to as electronic diluent, or “eDiluent”. The Company filed for trademark protection of the term eDiluent in 2017. We also seek to provide the oil industry with a way to reduce emissions from operating equipment. We believe our goals are realizable via viscosity reduction using our AOT product line.
Our current and primary product portfolio is dedicated to the crude oil production and transportation marketplace, with a specifically targeted product offering for enhancing the flow-assurance parameters of new and existing pipeline gathering and transmission systems.
After that achievement we evaluated, reworked, and finally retested AOT to commercial viability.
If authorities don't believe lies told by uneducated fools with a low IQ, compulsive liar's, failed crypto Cardano traders, grubs, tax cheats, paid bashers or fraudsters, nor do I
The License Agreements are exclusive, and the territory licensed to the Company is worldwide and replace previously issued License Agreements.
UPDATED. More "INSIDER BUYING". Below is a recap of all the RECENT "INSIDER BUYING" by QS directors. This includes the RECENT $275,000 investment by the uncompensated ceo Kyte. The list CONTINUES to grow & grow
https://ir.qsenergy.com/all-sec-filings/content/0001683168-24-000913/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-23-001711/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-22-005510/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003139/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003137/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002014/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002016/ownership.html
(1) On 8/5/2016 Don Dickson invests $70,000 in a Private Placement offering of convertible notes and warrants.
(2) On 10/13/2016 Don Dickson converts his note into common stock.
(3) On 4/17/2017 Dr. Eric Bunting invests $50,000 in a Private Placement offering of convertible notes and warrants.
(4) On 5/15/17 Richard Munn invests $10,000 in a Private Placement offering of convertible notes and warrants. He immediately converts the notes to common stock.
(5) On 5/15/2017 Richard Munn buys 42,000 shares of common stock in the open market at $0.24 per share.
(6) On 5/31/2017 Thomas Bundros invests $100,000 in a private Placement of convertible notes and warrants. He immediately converts the notes to common stock.
(7) On 7/19/2017 Dr. Eric Bunting invests an additional $40,000 to convert his warrants and stock options into common stock well before their expiration dates.
(8) On 7/30/2017 Don Dickson invests an additional $38,500 to convert warrants into common stock.
(9) On 8/2/2017 Gary Buchler invests $50,000 to buy common stock at market prices and convert all of his vested stock options.
(10) On 10/2/2017 Dr. Eric Bunting invests an additional $33,875 to buy 125,000 shares of common stock in the open market at $.271 per share. He also converts 178,002 of his newly vested stock options into common stock at an out of pocket cost of $12,460. This brings his total common stock holdings to 6,735,430 shares worth approx. $1.8 million at today's price.
(11) On 2/6/2018 Dr. Eric Bunting converts 179,710 of his newly vested stock options into common stock, well before their expiration date, at an out of pocket cost of $12,580.
(12) On 3/30/2018 Dr. Eric Bunting invests another $40,000 in a private Placement of convertible notes and warrants. He immediately converts the notes to common stock.
(13) On 3/30/2018 Dr. Eric Bunting invests an additional $18,000 to convert warrants into common stock, well before their expiration date.
(14) On 05/14/2018 Richard Munn invests an additional $5,500 to convert his 110,000 warrants into common stock.
(15) On 11/26/2018 Dr Eric Bunting invests another $25,000 in a private Placement of convertible notes and warrants.
(16) On 11/26/2018 Don Dickson invests another $25,000 in a private Placement of convertible notes and warrants.
(17) On 02/21/2019 ceo Jason Lane invests $25,000 in a private Placement of convertible notes and warrants.
(18) On 02/25/2019 Thomas Bundros invests $15,000 in a private Placement of convertible notes and warrants.
(19) On 02/25/2019 Richard Munn invests $10,000 in a private Placement of convertible notes and warrants.
(20) On 3/21/2019 Dr. Eric Bunting invests an additional $50,000 to convert warrants into common stock, well before their expiration date.
(21) On 04/03/2019 Thomas Bundros invests an additional $8,250 to convert warrants into common stock, well before their expiration date.
(22) On 02/25/2019 Richard Munn invests an additional $11,000 to convert warrants into common stock, well before their expiration date.
(23) On 06/04/2019 Dr Eric Bunting invests another $100,000 in a private Placement of convertible notes and warrants.
(24) On 09/23/2019 Dr Eric Bunting invests another $200,000 in a private Placement of convertible notes and warrants.
(25) On 03/23/2020 Dr Eric Bunting invests another $30,000 in a private Placement of convertible notes and warrants.
(26) On 03/18/2020 chairman Jason Lane invests another $20,000 in a private Placement of convertible notes and warrants.
(27) On 06/12/2020 ceo Don Dickson invests another $10,000 in a private placement of convertible notes and warrants.
(28) On 06/19/2020 cfo Michael McMullen invests $6,600 in a private placement of convertible notes and warrants.
(29) On 06/19/2020 Richard Munn invests another $10,000 in a private placement of convertible notes and warrants.
(30) On 06/19/2020 Dr Eric Bunting invests another $30,000 in a private placement of convertible notes and warrants.
(31) During the period August 2020, through June 2021 (the “Relevant Period”), Mr. Kyte provided the Company with $275,000 in working capital. During this Relevant Period, Mr. Kyte also introduced capital to the Company in the sum of $150,000 from third-party sources. This capital was received by the Company in exchange for convertible promissory notes and related warrants. With this additional third-party capital infusion, during this Relevant Period, Mr. Kyte was responsible, directly and indirectly, for providing the Company with working capital in the amount of $425,000.
(32) On 08/10/2022 Dr Eric Bunting invests an additional $20,000 to convert warrants into common stock, well before their expiration date in 2029.
(33) On 03/22/2023 Dr Eric Bunting invests an additional $15,000 in a private Placement of convertible notes and warrants.
(34) On 02/13/2024 Dr Eric Bunting invests an additional $10,000 in QS Energy
All of the individuals named above are part of QSEP's Board of Directors. All of them are investing their own money in QSEP. While NDA's may prevent them from talking about the specifics of any particular corporate relationships, this is a powerful alternative way to express just how confident they are in QSEP's immediate future.
I've emphasized the word immediate because I think the motivation for early conversion of 10 year stock options is based on a strong belief that the stock will be going substantially higher in the near term. This early conversion will reduce the future tax burden substantially if that were to occur (long term capital gain instead of ordinary income).
The "bargain element" of a stock option is taxed as ordinary income while the remaining gain is taxed at the lower capital gains rate. Exercise of a stock option while the underlying security price is low insures that the "bargain element" will also be low allowing for the best tax outcome (the bargain element is the difference between the price at the time of exercise and the grant price). For the owner of a QSEP stock option it requires a very powerful incentive to give up a 10 year "free look". A savvy investor would hold onto a stock option as long as possible, exercising and putting up money only at a time when the outlook was so positive that it is likely to move the stock substantially higher. Anybody exercising their stock options today must feel now is that time.
QS Energy, Inc. (OTCQB: QSEP), provides the global energy industry with patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. Developed in partnership with leading university and crude oil production and transportation entities, QS Energy's high-value solutions address the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. In support of our clients' commitment to the responsible sourcing of energy and environmental stewardship, QS Energy combines scientific research with inventive problem solving to provide energy efficiency 'clean tech' solutions to bring new efficiencies and lower operational costs to the upstream, midstream and gathering sectors.
QS Energy's flagship technology is the AOT.
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Developed in partnership with scientists at Temple University in Philadelphia, Applied Oil Technology (AOT) is the energy industry's first pipeline flow improvement solution for crude oil, using an electrical charge to coalesce microscopic particles native to unrefined oil, thereby reducing viscosity. Over the past four years AOT has been rigorously prepared for commercial use with the collaboration of engineering teams at numerous independent oil production and transportation entities interested in harnessing its demonstrated efficacy to increase pipeline performance and flow, drive up committed and uncommitted toll rates for pipeline operators, and reduce pipeline operating costs. Although AOT originally attracted the attention of pipeline operators motivated to improving their takeaway capacity during an historic surge in upstream output resulting from enhanced oil recovery techniques, the technology now represents what we believe to be the premiere solution for improving the profit margins of producers and transporters during today's economically challenging period of low spot prices and supply surplus.
JASON LANE: Chief Executive Officer and Chairman of the Board of the Company
Jason Lane is a veteran of the oil and gas industry with a 20-year track record of procuring and divesting of oil and gas leases, mineral and royalty interests and production in the lower 48 States through his own partnerships and joint ventures. His most recent large transaction includes lease divestitures to Halcon Resources (Woodbine) and Terrace Energy LLC (Woodbine). Previously, Mr. Lane sold Rocky Mountain prospects to Bill Barrett Corp as well as multiple prospects to Chesapeake Energy across East Texas. Additionally, Mr. Lane has operated and or participated in the drilling of wells in Texas, Louisiana, Montana, and Wyoming. He has been the lead on all of his partnerships since 2002, with partners ranging from family offices to hedge funds.
During his career, Mr. Lane has been directly involved in the leasing of over 650,000 prime acres for his partnerships. Also in the royalty field, he has sold multiple royalty packages to NGP portfolio companies, Noble Royalties and other companies and funds. Mr. Lane has also managed up to a 125 Landman operation which was responsible for title and lease acquisition work for several significant companies throughout the United States.
SHANNON RASMUSSEN: VP of Engineering
As co-founder and senior principal of Colorado-based energy consulting firm Citrine Energy, Mr. Rasmussen comes to QS Energy with nearly two decades of experience in the power and oil and gas sectors, with deep expertise in engineering design, project and program management, construction, compliance, and quality. Mr. Rasmussen comes into this new role at QS Energy with critical knowledge of AOT and its demonstrated ability to reduce the viscosity of crude oil -- helping operators increase flow volume, reduce reliance on diluents, relax viscosity requirements, and meet carbon emission reduction goals while decreasing operating costs and improving pipeline efficiency. As a consulting engineer for TransCanada in 2014, Mr. Rasmussen experienced AOT operations first hand; in a similar role for QS Energy over the past two years, he helped spearhead critical design and fabrication improvements that have resulted in significant gains in AOT operating efficiencies, while achieving stable operations on a high-volume high API crude oil pipeline. In addition to his recent on-site consulting with QS Energy, Mr. Rasmussen has served as a project - program manager and consultant for TransCanada Pipelines across a range of compliance-related projects including Keystone, Gulf Coast, KXL, and Energy East Pipelines. Mr. Rasmussen holds a B.S. in Mechanical Engineering from the Colorado School of Mines, is a registered Professional Engineer (PE), and a certified Project Management Professional (PMP). Mr. Rasmussen, along with his wife and three children, are looking forward to relocating to the Houston area.
GARY BUCHLER: Independent director, member of Audit Committee
Gary Buchler is Chief Operating Officer of the Natural Gas Pipeline business unit of Kinder Morgan, Inc. (NYSE: KMI) and operator of one of the largest interstate pipeline systems in the United States. With oversight of a combined annual expense/capital budget of $1.3 billion, Mr. Buchler is responsible for all Engineering, Operations, Environmental, Health and Safety (EHS), and Land Management functions for roughly 70,000 miles of transmission and gathering pipelines. Mr. Buchler is responsible for the day-to-day management of 3,900 employees, evaluation and oversight of expansion projects, and the evaluation of potential acquisitions. As Chief Operating Officer of the KM Gas Pipelines, Mr. Buchler has been instrumental in the acquisition and integration of more than $45 billion in pipeline assets at Kinder Morgan. Mr. Buchler has held various management positions at Kinder Morgan since 1979, including Vice-President Engineering/Operations Pipeline Group, Vice-President Eastern Pipeline Operations, Vice-President Engineering and Operations Kinder Morgan Gas Treating/Kinderhawk Field Services, and Director of Pipeline Integrity. He earned a Bachelor's Degree in Electrical Engineering from the University of Iowa and an MBA from the Keller Graduate School of Management.
DON DICKSON: Independent director
Mr. Dickson returned to Kinder Morgan after working for the company in their natural gas operations for 26 years during which time he served in various capacities including Director of Operations on two major pipeline projects: the 42” Rockies Mountain Express (REX) and the 42” Midcontinent Express Pipeline (MEP). In between his stints at Kinder Morgan, Mr. Dixon served as Chief Executive Officer for Advanced Pipeline Services (APS), which provided a full range of services to the oil and gas industry including new pipeline and facilities construction, horizontal directional drilling and pipeline integrity/rehabilitation. He also was Director of Operations at Tetra Resources where he completed various onshore and offshore oil and gas wells. He also served as a Senior Engineer with Halliburton Services. Mr. Dickson earned his B.S. in Engineering from Oklahoma State University.
THOMAS A. BUNDROS: Independent director
During his extensive career in the energy industry Mr. Bundros has served as chief financial officer and a senior level finance executive with a variety of entities in the oil and gas industry and public utilities sector. In addition to his tenure as Chief Financial Officer at Colonial Pipeline Company, the world’s largest pipeline operator transporting 100 million gallons of refined petroleum products daily across 5,500 miles of pipeline, Mr. Bundros held various financial positions in the Atlanta and New York offices of the Southern Company System, the 16th largest utility company in the world and the fourth largest in the U.S. with over 4 million customers in Alabama, Georgia, Florida, and Mississippi.
Mr. Bundros currently serves as the Chief Executive Officer for Dalton Utilities, a provider of electricity, natural gas, water and telecommunications services to the city of Dalton and portions of northwest Georgia. Mr. Bundros earned his Master of Business Administration in Finance and Bachelor of Science in Economics and Business Administration at the University of North Carolina at Greensboro.
ERIC BUNTING: Independent director
Eric Bunting, M.D. is a board-certified Ear, Nose, and Throat physician, and he is an owner and partner in an independent specialty group. This group has partnered with Wichita Surgical Specialist (“WSS”), which remains one of the country’s largest surgical multispecialty groups. Dr. Bunting has been on the board of directors of WSS for the last 10 years. Dr. Bunting graduated from Kansas University School of Medicine and subsequently received specialty training at Kansas University Medical Center.
Dr. Bunting has many diverse business and entrepreneurial interests. Dr. Bunting has an interest in early startup companies and franchising opportunities. He is an owner and partner in approximately 40 fast-casual restaurant franchises in 10 states. He has board of director experience in the health care industry with multiple ambulatory surgical centers and a radiation center. Dr. Bunting has been an integral part of these boards through merger and acquisition periods. Other interests are in the wine and spirits industry where Dr. Bunting has been involved in a successful spirit start-up, which is poised for an acquisition opportunity. Dr. Bunting has other ongoing active business investments in the evolving internet artificial intelligence industry, as it relates to marketing and advertising.
Dr. Bunting has been an investor in the Company, acquiring a significant number of shares over the last four years. During this period, he has been and will remain an unbiased shareholder advocate looking forward to commercialization, deployment, and eventual profitability for the Company.
RICHARD MUNN: Independent director
Richard W. Munn is one of the top players in the royalty and mineral arena as demonstrated over the last 15 years with 39 years of industry experience. Of note, he managed the royalty acquisition teams at Noble Royalties and other companies, closing on the acquisition of approximately $450 million worth of Royalty and Mineral Interests involving over 50 separate transactions. Mr. Munn has a solid reputation and extensive relationships with private and public U.S.-based energy producers and mineral holders. He has also managed his own exploration and production companies. From 2005 to 2007, Mr. Munn chaired the IPAA Business Development Committee and from 2007 to 2009, he chaired the IPAA Business Development/ Membership Committee. From 2005 to 2007, Mr. Munn chaired the Society of Petroleum Engineers Business Development Committee. In addition, to his network of oil and gas industry relationships, Mr. Munn is a licensed registered professional geologist in Wyoming with a B.A. in Geology from the University of Colorado.
(1) On 8/5/2016 Don Dickson invested $70,000 in a Private Placement offering of convertible notes and warrants.
(2) On 10/13/2016 Don Dickson converted his note into common stock.
(3) On 4/17/2017 Dr. Eric Bunting invested $50,000 in a Private Placement offering of convertible notes and warrants.
(4) On 5/15/17 Richard Munn invested $10,000 in a Private Placement offering of convertible notes and warrants. He immediately converted the notes to common stock.
(5) On 5/15/2017 Richard Munn bought 42,000 shares of common stock in the open market at $0.24 per share.
(6) On 5/31/2017 Thomas Bundros invested $100,000 in a private Placement of convertible notes and warrants. He immediately converted the notes to common stock.
(7) On 7/19/2017 Dr. Eric Bunting invested an additional $40,000 to convert his warrants and stock options into common stock well before their expiration dates.
(8) On 7/30/2017 Don Dickson invested an additional $38,500 to convert warrants into common stock.
(9) On 8/2/2017 Gary Buchler invested $50,000 to buy common stock at market prices and converted all of his vested stock options.
Review Form-3 and Form-4 filings to find the original documents showing these purchases.
*To access and read all official SEC filings, click here.
*Company SEC Filings
*Corporate profile
*Investor tear sheet
- All press releases
- Incoming QS Energy CEO and Chairman Jason Lane's Letter to Shareholders and Board of Directors (MARCH 31, 2017)
- QS Energy CEO Jason Lane Issues Shareholder Update (MAY 25, 2017)
- Veteran Pipeline Infrastructure Engineer Shannon Rasmussen Joins QS Energy To Lead Global Commercialization of AOT Flow Assurance Technology (JUNE 30, 2017)
- World Pipelines: QS Energy: positive evaluation on major crude and condensate pipeline (June 6, 2016)
- Pipeline tech co. moves to Houston, names CEO, directors (June 5, 2017)
- Energy tech CEO: 'The timing is perfect' for commercial phase (June 8, 2017)
