Wednesday, August 16, 2017 1:46:38 PM
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That's not true. The viscosity license like the fuel injection has a maintenance fee due every year. This is a reoccurring expense year after year. Qsep paid the most recent 62k and will again next year. That fee was not amended, They obviously could not continue to pay the 125k annual fee for the injector technology for several years as a result of another failed product launch. The debt however remains and renegotiation is not a determination of facts .
accumulated debt of these unpaid fees is still due. The interest rate on past due fees is now set at 9%
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