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Re: IdiotsEverywhere post# 39144

Tuesday, 04/25/2017 8:56:18 PM

Tuesday, April 25, 2017 8:56:18 PM

Post# of 56584
I will quote you again. What you said is not true.


Kinder Morgan is out, gone, bye-bye. The latest filing doesn't even try to claim the parties are still working on acceptance of the leased AOT.......



Yet, in plain text in the latest 10K they claim to be working with Kinder Morgan.

Kinder Morgan and QS Energy are considering moving the AOT test facility to a different, higher-volume pipeline location.



Then there is this:

Last I checked, the earnings from the purported Cenovus test weren't even on the books. SHADY.



Just what books are you referring too. The revenue occurs in the first and second quarter of this year. Those "books" haven't been filed yet.

AOT Testing Agreement

In November 2016, the Company executed an agreement with Cenovus FCCL Limited (“Cenovus”), a Canadian company, for the field testing of the Company’s AOT equipment at a fixed cost of $50,000. As the part of the agreement, Cenovus will pay the Company $25,000 in January 2017. The balance of $25,000 will be due upon completion of the test analysis and final report. The field testing was performed in January 2017. Final analysis and test report is scheduled to be completed in April 2017. Upon completion of the field testing and collection of the amount due, the Company will recognize the $50,000 as revenue.



The rest of your statements are just your opinions and speculation. You have no direct knowledge of any of it. We are all disappointed in how opaque and long the process has been. Your opinions may turn out in the end to be correct , but they are far from undisputed fact.