QS Energy Inc (QSEP)

[mr_sano]

Only 135k of the oil viscosity license has been deferred until those impossible milestones are hit not 580k. The second license, which is the fuel injection agreement, represents the bulk of the debt which has not been deferred and is past due as noted by the 10q. In reality Temple may have agreed with Qsep to scrap this useless license but they have not made the announcement nor have they 8k'd a write off of any debt. If Qsep negotiated that deal and told a few shareholders but did not make that info public then that would be selective disclosure which usually ends up with an SEC sanction not that Qsep is worried...they have been in hot water with the SEC several times. The big question is the yearly maintenance fees sucking the cash out of the company. A total of of 187k a year is the combined annual maintenance fee of the two licenses not including accumulated debt under these agreements even though they don't even mention Elektra anymore. Qsep still willing to pay for legitimacy and Tao is happy to publish scientific nonsense in support of the companies claims.