Telix QSAM Inc (QSAM)

[BuddyWhazhizname]

The deal was signed in January for delivery in four months (i.e., May).

The Q1 10Q didn't mention it being delivered or any progress payments having been made since the first $40K down payment.

There has been no other mention of it, but a few weeks ago they announced shifting focus to composting, including:

The Company has also taken steps to reduce its R&D overhead over the previous weeks, including scaling back personnel, to dedicate more resources to this plan which is expected to get Q2Power to revenue and profitability quicker and increase shareholder value over the short and long term.

The "R&D overhead" was the people working on the steam power system for MagneGas.

Q2P0wer also hasn't gotten the $150K progress payment from Pheonix Power for showing an engine running 200 hours without failure.

Given the people working on the steam system were laid off, and Q2Power shifting to the compost business, there's not much chance of the system for MagneGas ever being delivered.