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I guess so. I am very curious to see the Q1 reports from QREE and FLCX as some of the payments from the distribution agreements should appear.
They put out their annual report through Dec 2023. Cash is at $1.23 Million with $327K of equipment. Zero revenue while recording a loss on CoGS of $259k - Does this mean writing down inventory on rare earths?
https://www.otcmarkets.com/otcapi/company/financial-report/398365/content
Well, doesn't make sense for sure.
Beside, if they had an install base of 7.5 to 25 kW earth engines, why would they spend their time making weird videos of the 35th iteration of their plastic prototype ? By the way, 25 kW is 2500 light fixtures of 10W LED. Good luck achieving this power output with recuperating the energy of light fixtures, even 100% of it with 100% efficiency.
A couple of videos of their real product in situ with reputable clients interviews and all the argument would be laid to rest. And the clients would be more than happy to show themselves as the avant garde of clean energy
They've put out press releases about signing them and mentioned things like a backlog of installations, without actually saying if a single installation has happened.
Same story with the catalog of 400+ Quantum offerings, not publicly available anywhere - Why wouldn't they publish their sales catalog?
I have yet to see a single established distributor. You would think they should have nailed a couple by now, after their shiny National Dealers Association convention. Why wouldn't they sign to promote this earth shattering, disruptive zero grid tech ?
Quantum Energy's distributors are faced with the very same challenge that faces poor Inductance Energy and poor Quantum Energy itself: "How can we keep making blatantly false and fraudulent claims, without being sued or prosecuted?" Conducting a massive scam is not all beer and skittles - and the Wayback Machine only makes it harder! Inductance Energy took down all their content last summer - but we can still find every word of it on Wayback Memory Lane: https://web.archive.org/web/20230402053158/https://ie.energy/earth_engine/
Mr. M16: Yep, Aesir Energy took down their laughable content - but it can still be found on the "wayback machine" at https://web.archive.org/web/20240409072547/https://aesir.energy/
Let's not forget their ridiculous claims:
"Installation of Quantum’s Energy System in a store promises substantial energy cost savings, estimated at 30% minimum annually... Quantum Energy is an energy technology company with proprietary magnetic driven generator technology that is now ready for market. With over $300 million dollars in fully signed contracts to fulfill for large big box retail chains, agriculture, and industrial locations."
"Installation of Quantum’s Energy System is a store promise substantial energy cost savings, estimated at 30% minimum annually. Research suggests that large grocery stores or warehouses find that they average $30,000 a month in electric costs. A minimum savings calculate out to a saving of $30,600 per store per month leading to $108,000 in savings per year. With an average contract of 20 years each store would save approximately
$2,160,000 over the lifetime of the contract."
- So the Aesir nitwits said the stores now spend $30,000 per month for electricity (without the Quantum system), but will somehow SAVE $30,600 per month after installing the Quantum system! - LOL
QREE has not released their quarterly report covering through Dec 2023 and is now 'Pink Limited Information' on OTC markets. They put out notice of late filing on Mar 29, but the report hasn't been published.
I was hoping to see the impact of the distributors conference and license fees - They were getting low on cash and have bond payments to make.
Also, Aesir Energy has taken down the front page content and only has a placeholder. https://aesir.energy/
Adding to the list of strangely unknown distributors.
Viridis Energy Partners, Inc. that was announced in :
https://www.businesswire.com/news/home/20240312343551/en/
This company can't be found in the corporate directory.
https://corporation.directory/quicksearch/company
When one searches for Viridis Energy, a website for Viridis Energy does comes up but... you have guessed it, it is for a different company: Viridis Energy Solutions
My guess would be that Dennis Danzik brought his IP to FlooidCX when he seized control of the company. But I haven't found them This shouldn't be an issue since patents are public data. so far. Would love to see them and be able to take a look at the patents because the videos the company has released are at best incomplete and confusing.
If I see another Marie V or Betty XI spinning away without additional info, I am going to self combust.
This shouldn't be an issue since patents become accessible when published (usually 18 months after filling). Given how long the company has been working on the tech, I would expect to see a substantial number of patents already published.
If someone has been discussing with the company and can point me to those, I would be most grateful.
They also claimed in Feb 2023 that FLCX has 136 patents some of which are filed:
I looked into the patents some time ago and couldn't find much. I would love to see someone that has the right experience in the field to take a look.
I used Google Patents to do my research and could find the information below:
https://patents.google.com/patent/WO1998017457A1/en?inventor=dennis+danzik
Dennis Danzik had 9 patents as inventor. They are mostly in the polymer/chemicals space and are all expired except for one
https://patents.google.com/patent/WO1998017457A1/en?inventor=dennis+danzik
I couldn't find any patent with either wyotech, inductance energy, quantum energy included in the inventor's name field.
But again, I am no patent expert...
Is there any update on patents? In January they said:
Just noticed they are able to commit to substantial savings: $30,600 off of each $30,000 energy bill. Revolutionary. Truly.
https://aesir.energy/
Create an illusion of movement and action ?
That is what I was thinking.
Aesir Energy LLC resembles Aesir Energy Advisors, LLC and Aesir Technologies, Inc, both active in the energy space
BD Energy Solutions, LLC sounds like BD Energy Systems, an existing company operating in the energy space
Yeah, its unclear what the point of FLCX is at all when the company has no assets or operations.
This might be the BD Energy Solutions one: https://www.sos.ok.gov/corp/corpInformation.aspx?id=3513507485. Formation: 8 Nov 2023. Two days after Aesir was formed...interesting. Most likely made to look like BD Energy Systems (www.bdenergysystems.com), an actually energy company.
Let's just say, I have very low confidence that anything will be coming from these companies. It appears they were set up to give the illusion of partnerships and progress. I fully expect ongoing delays/excuses/gaslighting, like the past 5 years.
Thanks for the info. So the question is: Is FLCX going to be doing anything with the technology (specifically the engine), because it doesn't appear it has any rights to it, especially since the merger fell through. I suppose they can draft up a licensing agreement between Quantum and FlooidCX. Maybe that's how they will handle it. Just find it strange they are going through with the name change from Flooid to Quantum still. It seems to me they are planning on shifting operations to FLCX, even though QREE owns basically all their capital and IP.
Thanks for the information. I have yet to see an established name becoming their distributor/partner. I heavily doubt the $300 million signed contracts claim on the Aesir website (besides, why is Aesir giving this information out instead of QREE?)
I have seen 3 names in the press release below :
https://www.globenewswire.com/news-release/2023/11/14/2780448/0/en/FlooidCX-Corp-DBA-Quantum-Energy-Corporation-Announces-Licensed-Distributors-4th-Quarter-2023-Revenue-Guidance-and-Expansion-in-Office-Sales-Staff.html
AESIR Energy, LLC, of Seattle, Washington
UBI Number:
605 353 854
Business Type:
WA LIMITED LIABILITY COMPANY
Formation/ Registration Date:
11/06/2023
Ontario Energy Systems, LTD, of Ontario Canada
couldn't find any info in
https://beta.canadasbusinessregistries.ca/search
BD Energy Solutions, LLC, of Tulsa, Oklahoma
couldn't find any info in
https://www.sos.ok.gov/corp/corpInquiryFind.aspx
nor in
https://corporation.directory/quicksearch/company
The tech went Danzik -> WyoTech -> Inductance -> Quantum.
They have jump around to so many entities it's dizzying. Seems like it is a way of collecting capital then jumping to the next to collect more, while leaving past shareholder's hanging. Pretty sure WYOTech owns the "magnetic propulsion" technology, which then gave exclusive license to IEC. Not sure what the arrangement of IEC and Quantum is, but seems like it was a similar arrangement. Now, possibly Quantum will give rights to FLCX? Or maybe they don't even care about transferring the IP formally at this point? I don't know. But if FLCX goes full steam ahead with manufacturing/installing units (which there is serious doubt that they ever will), then they will have cheated every shareholder in the past companies that supposedly had the rights to the technology.
When they announce their partnership with Aesir, I tried to look up their business entity as well. Found none. But I just tried searching again and think I found it. Search for it here: https://ccfs.sos.wa.gov/. Formed 11/06/2023.
I have to say that Aesir's site looks like the same handiwork of the webmaster of qree.energy -- possibly a monkey with a laptop.
It's all bullshit till it's not.
At the moment, it's bullshit.
Mr. Derkampfer: The so-called "Photon Engine" is a type of electric motor. Using an electric motor to spin an alternator will not "save" any energy - it will actually waste energy, because some energy will be lost as heat, etc. We already know that you are wrong, just like every other gullible investor who believes what he hears from Danzik and his fraudulent companies.
https://who.is/whois/aesir.energy
https://ahrefs.com/backlink-checker/?input=aesir.energy&mode=subdomains
It doesn't seem to be an established entity. Maybe be an offshoot of Quantum Energy?
It is a newly created site from an anonymous registrant in Arizona.
The website can be created in 5 minutes on Wordpress (seems it was since half of the image links are broken).
There is no mention of any corporate entity linked to the website : Unless I am mistaken, it is not Aesir Energy Advisors, nor AEsir Technologies.
Kept a snapshot for future references :
https://web.archive.org/web/20240409072547/https://aesir.energy/
I suspect the small amount of energy to flip the attenuator is provided by PV operated by ambient room light. Just a guess based on the videos. And is reason why “photon engine” name change of the contraption from “earth engine” early days videos from Quantum
And it's the unique combo action of rare earth magnets in this photon engine that combined as a paired system saves “30%”
I guess in time we’ll see if I'm right.
Aesir Energy has published that Quantum has $300 Million of signed contracts to install Quantum's system at large retailers.
I was looking into answers from QEC's youtube videos. They are great.
Yeah - QE, IEC, WyoTech are all them. There's no external group they are licensing anything from, its all various entities they have made and passed along.
It is quite convoluted indeed. I don't understand the intricacies very well at all. My notes below :
My assumption is that the Floodcx is an empty shell that houses certain of Danzik's IPs, mostly his 'photonic' and 'rare earth' activities. Was it chosen as a convenient existing -already listed- structure?
FLCX was to contribute $18 million in contractual sales to the merger which was cancelled.
Danzik is the CEO and probably the largest shareholder of Floodcx and it is understandable he has no interest in keeping that name, which is not related to his activities. But why did he choose to rename the company Quantum Energy Corporation (ticker flcx) while the mergee was Quantum Energy Inc (ticker: QREE)? It is unnecessarily confusing.
Quantum Energy Inc (not Quantum Energy Corporation) is the 'magnetic propulsion' part of the scheme. Although Quantum Energy Inc's original mission doens't fit :
Quantum Energy, Inc. is an energy focused company, which engages in the provision of mid-size refinery complexes to stimulate local and regional economies. The firm offers processing systems to promote green energy hydrocarbon processing. Its projects include Dominion Energy and Easy Energy. The company was founded on February 5, 2004 and is headquartered in Henderson, NV.
There was a failed reverse merger between Quantum Energy Inc and Inductance Energy Corporation (this is the real entity that developped the magnetic propulsion activities). What is the current relationship between Quantum Energy Inc and IEC? Unclear.
The website named qree.energy seems to be an umbrella website. Indeed, the name qree is the ticker of Quantum Energy Inc, the activities described span activities from FLCX, QREE and IEC (however, you will notice that the IPs from IEC are NOT detailed on the website, the 'Magnetic propulsion page' has been empty for a while).
So, yes, confusing...
Sources :
https://www.businesswire.com/news/home/20230221005223/en/Quantum-Energy-Moves-to-Revenue-Producing-Position-with-FlooidCX-Corporation-Merger
https://www.marketscreener.com/quote/stock/QUANTUM-ENERGY-INC-120789846/news/Inductance-Energy-Corporation-IEC-cancelled-the-acquisition-of-Quantum-Energy-Inc-in-a-rev-34339284/
Why is this happening after the merger was canceled? I also never saw the point of merging with an inactive company.
FlooidCX Corp files to change name to Quantum Energy Corporation
“Approval of an amendment to our Articles of Incorporation to change our name to Quantum Energy Corporation”
https://www.streetinsider.com/dr/news.php?id=23022631
At this point, I am just watching this as a TV series. We are on the 8th season or so and the not far from the finale.
The "body engine" concept is actually better than what Danzik came up with : Interior solar panels to solve all our energy woes. Seriously... I guess it was the only way to keep the wheels spinning and the lights on ?
It is simply inescapable that the blatantly false claims made by Quantum Energy Inc as well as FlooidCX regarding Danzik's so-called "Photon Engine" amount to SECURITIES FRAUD. The officers of QEI are certainly well aware of this - and the cancellation of the merger is just the result of their fear of being sued by investors, or prosecuted by the SEC. Danzik may still be an employee of QEI at this moment - but probably not for much longer. QEI can hardly pretend to be an honest company, as long as Danzik remains on board.
Yeah. Looks like the gig might be up. Looking forward to seeing how long they can limp along. They managed to stretch this out for much longer than I ever thought they could. Maybe they got a little more left in them. Maybe they will find another shell to crawl in or transform their product into the "Solar Engine" that harvests body heat to lower electricity bills.
Yeah. Looks like the gig might be up. Looking forward to seeing how long they can limp along. They managed to stretch this out for much longer than I ever thought they could. Maybe they got a little more left in them. Maybe they will find another shell to crawl in or transform their product into the "Solar Engine" that harvests body heat to lower electricity bills.
Mr. MJ16: This is a noteworthy moment in the slow collapse of Danzik's "Photon Engine" scam. One feature of the proposed merger was that Danzik would be the CEO of the new company. Maybe the officers of Quantum Energy Inc decided that they might be more likely to avoid being prosecuted by the SEC for SECURITIES FRAUD if they refrained from making Danzik their CEO.
Well lookie here.
As Gomer would say.
SURPRISE SURPRISE SURPRISE
FLCX Merger has been canceled.
SECURITIES FRAUD By Inductance Energy Corp, Quantum Energy INC, And Quantum Energy CORP
Three different companies of which Dennis M. Danzik has served as a top executive – namely, Inductance Energy Corp, Quantum Energy Inc, and Quantum Energy Corp – have clearly engaged in securities fraud, by making blatantly false, deceptive and fraudulent claims regarding the electric motor they have called an “Earth Engine” or “Photon Engine.” All three companies have falsely claimed that Danzik’s so-called “Earth Engine” or “Photon Engine” is a revolutionary device powered by “Asymmetric Magnetic Propulsion,” when in fact it is simply a type of electric motor, powered entirely by electricity. In this article we will review some of the false and deceptive statements made by each of the three companies which can still be found online.
I. Inductance Energy Corporation
“The Byron Town Council unanimously voted to approve a $5 million Private Activity Bond Tuesday, Dec. 8 [2020], which will allow Inductance Energy – a Wyoming based energy company that says it has created a magnetic energy generator that is a major breakthrough in science – to build a facility within the city limits… The company states that it will bring 15 to 20 jobs to the Byron area and hundreds within the state of Wyoming.”
— Of course, Inductance Energy didn’t have any “major breakthrough” – only a major SCAM.
“Magnetic Propulsion” is not an energy source at all – let alone “the world’s most efficient” one.
Let’s look at the “Earth Engine” page of Inductance Energy’s website as of December 6, 2020:
“Powering humanity using Magnetic Propulsion, the world’s most efficient energy source”
“Earth Engine is the world’s first and only power source propelled by Asymmetrical Magnetic Propulsion. It can generate electricity, operate liquid pumps, air compressors, and other mechanical devices 24 hours a day, 365 days a year. It is fully independent of the power grid and offers significant cost savings over other technologies. Earth Engine creates constant, reliable, and renewable energy.”
“Earth Engine is in production”
“Earth Engine is the solution to the fatiguing, overloaded, and in some countries, non-existent utility infrastructure.”
“How much energy does it produce?”
“Earth Engine is capable of producing 25+Kw of mechanical energy. This energy can be used to generate electricity, operating pumps, compressors, and other mechanical devices.”
“How does this compare to other energy sources?”
“Earth Engine is the only known power source propelled by Asymmetrical Magnetic Propulsion, producing energy that can be applied to generating electricity, and operating pumps, compressors, and other mechanical devices. With its massive list of features that set it above the competition. Earth Engine does not consume any fossil fuels, it does not run on the sun, the wind, hydro, bio-fuels, or radioactive fuel sources. It can run 24 hours a day, 7 days a week, 365 days a year creating constant energy unlike renewable technologies such as solar and wind. It is not reliant on a reaction, or burning of fuel source.”
— Notice that there is no mention of any need for solar panels, “Photon Power” or “photonics” in any of this! The “Earth Engine” needs nothing more than the “Asymmetric Magnetic Propulsion!”
But “magnetic propulsion” is not an energy source. The “Earth Engine” / “Photon Engine” is simply a type of electric motor, powered only by electricity and not by magnets. Inductance Energy’s blatantly false and fraudulent claims regarding their so-called “Earth Engine” (now renamed the “Photon Engine”) clearly amount to securities fraud by Inductance Energy Corporation.
II. Quantum Energy INC
In April 2023, a presentation regarding Quantum Energy’s so-called “Direct Energy System” was given to potential investors at the Planet MicroCap Showcase in Las Vegas by a Quantum Energy executive named Dustin Hamby. This presentation included claims and statements so blatantly false and misleading that they clearly amount to securities fraud by Quantum Energy Inc.
Describing Quantum’s energy system, Hamby says: “The technology is disruptive – it changes the way people look at power… This… reduces those costs further. It doesn’t have to have the sun, the wind, or any other fuel source to generate that electricity.”
– This is the same blatantly false claim that Dennis Danzik made for his “Earth Engine” for years, before renaming it as the “Photon Engine.” It rests on Danzik’s false claim that the “Engine” is actually powered by the “Magnetic Propulsion” provided by permanent magnets. In fact, the “Photon Engine” is simply an unconventional and inefficient type of electric motor. It is not powered by magnets at all. It is powered entirely by electricity. The electricity that powers it can only be generated through the use of the sun, the wind, or some other source of energy. The “Direct Energy System,” in essence, uses a type of electric motor to spin an alternator to generate electricity. The alternator will not produce more electricity than the electric motor consumes. Therefore there is nothing “disruptive” about the system. It will not “change the way people look at power,” and it will not “reduce costs.”
Hamby says: “Our IP is very strong, being the world’s first magnetic propulsion system that can generate electricity… that can deliver that electricity with zero emissions at a very low cost”
— This very misleading statement again rests on Quantum’s false pretense that Quantum’s so-called “Photon Engine” is a “revolutionary” device powered by “magnetic propulsion,” when in fact it is simply an unconventional and inefficient type of electric motor, powered by electricity.
Hamby says: “We have one of our Photonics systems that illustrates how we are recapturing voltage – wasted photons when we’re lighting a room. This voltage and amperage is utilized to run the control systems in our magnetic propulsion engines, which I’ll show you next.”
— This deceptive and misleading statement involves the same deception that we find in Danzik’s many videos on the Quantum Energy youtube channel. Quantum’s so-called “magnetic propulsion engine,” the “Photon Engine,” is simply a type of electric motor, powered entirely by electricity and not by magnets. The “recaptured voltage” from electric lights does not merely “run the control systems” of the electric motors which Quantum deceptively calls “magnetic propulsion engines” – it actually powers them.
Hamby says: “Why Quantum? We’re breakthrough technology… The renewable energy sector, their projects – solar projects, wind projects – they’re getting delayed because they don’t have transmission. Our solutions fix that. We don’t have to have transmission lines, because we’re creating the power where it’s consumed. We don’t need any sun, wind, hydro, it’s just the pairing of the permanent magnets.”
— This is yet another blatantly false and misleading statement. Quantum’s so-called “Photon Engine” is a type of electric motor, powered by electricity and not by magnets. Quantum does indeed need sun, wind, hydro, or some other source of energy to generate the electricity that powers the electric motor that they call a “Photon Engine.”
In the interest of brevity, I have quoted above only a few of the many false and misleading statements made by Hamby in his presentation, which was false and misleading from beginning to end.
The false and misleading claims and statements regarding Quantum Energy’s so-called “Direct Energy System,” in the presentation given in April 2023 by a Quantum Energy executive, to potential investors at the Planet MicroCap Showcase, clearly amount to securities fraud by Quantum Energy Inc.
III. Quantum Energy CORPORATION
Quantum Energy’s claim that their so-called “Photon Engine” is powered by “magnetic propulsion” is false and fraudulent. The so-called “Photon Engine” is an unconventional and inefficient type of electric motor, powered by electricity, and not by magnets or magnetic propulsion. The magnets of the “Photon Engine” motor merely help to convert electric energy to kinetic energy. QEC’s claim that the “Photon Engine” is powered by magnetic propulsion amounts to securities fraud by Quantum Energy Corporation, in my opinion.
A conventional electric motor replenishes the configuration energy of the motor during each cycle by reversing or alternating the flow of electricity in the rotor or stator. Danzik’s motor replenishes the configuration energy in a quite different (and less efficient) way: by using an electric actuator or servo motor to reposition the entire stator. Nonetheless, it is simply an electric motor. In both cases, “magnetic propulsion” merely converts the configuration energy of the motor to kinetic energy, and does not “power” the motor. The replenished configuration energy comes from the consumed electric energy and not from the magnets.
On October 14 2023, Dennis Danzik, the CEO of QEC, finally admitted that QEC’s “Direct Energy System” actually does NOT “amplify energy,” as he had previously indicated in videos posted on the Quantum Energy youtube channel. Danzik stated:
“In fact Quantum’s Direct Energy System increases the SIGNAL (voltage), not ‘energy’ in the specific scientific term, which many people use in generality.”
But only two weeks after this clear admission by QEC’s CEO, QEC nonetheless repeated in a press release the false claim that QEC’s so-called “Photon Engine” can “amplify energy.” QEC’s press release stated:
“Quantum’s Direct Energy Systems include an entire Suite of electrical energy producing products, including groundbreaking photonic energy systems which include: … Photon Engine – a revolutionary magnetically assisted flywheel energy storage system that increases the electrical “signal” (voltage), so that energy stored from the passive, or photonic side of the direct energy system, can be then amplified to an integrated storage system…”
The so-called “Photon Engine” – a type of electric motor – certainly does NOT “amplify energy,” and even QEC’s CEO Danzik himself finally admitted that it does NOT “amplify energy,” only two weeks before the press release was published. The false claim in QEC’s press release of November 1 2023 amounts to securities fraud by Quantum Energy Corporation.
Apart from fraudulent press releases, QEC has also posted many highly deceptive and misleading videos on the “Quantum Energy” YouTube channel, designed to persuade viewers to believe Quantum’s false claim that the “Earth Engine” or “Photon Engine” is a revolutionary device powered by “Magnetic Propulsion,” when in fact it is a type of electric motor, powered by electricity. Even the titles and posted descriptions of these videos are deceptive.
The Suprock lawsuit continues to grind along. They had a 3rd settlement conference on Mon with attorney David Timchak, QE CFO & Suprock parties, but no agreement yet.
SECURITIES FRAUD By Inductance Energy Corp
“The Byron Town Council unanimously voted to approve a $5 million Private Activity Bond Tuesday, Dec. 8 [2020], which will allow Inductance Energy – a Wyoming based energy company that says it has created a magnetic energy generator that is a major breakthrough in science – to build a facility within the city limits… The company states that it will bring 15 to 20 jobs to the Byron area and hundreds within the state of Wyoming.”
— Of course, Inductance Energy didn’t have any “major breakthrough” – only a major SCAM.
“Magnetic Propulsion” is not an energy source at all – let alone “the world’s most efficient” one.
Let’s look at the “Earth Engine” page of Inductance Energy’s website as of December 6, 2020:
“Powering humanity using Magnetic Propulsion, the world’s most efficient energy source”
“Earth Engine is the world’s first and only power source propelled by Asymmetrical Magnetic Propulsion. It can generate electricity, operate liquid pumps, air compressors, and other mechanical devices 24 hours a day, 365 days a year. It is fully independent of the power grid and offers significant cost savings over other technologies. Earth Engine creates constant, reliable, and renewable energy.”
“Earth Engine is in production”
“Earth Engine is the solution to the fatiguing, overloaded, and in some countries, non-existent utility infrastructure.”
“How much energy does it produce?”
“Earth Engine is capable of producing 25+Kw of mechanical energy. This energy can be used to generate electricity, operating pumps, compressors, and other mechanical devices.”
“How does this compare to other energy sources?”
“Earth Engine is the only known power source propelled by Asymmetrical Magnetic Propulsion, producing energy that can be applied to generating electricity, and operating pumps, compressors, and other mechanical devices. With its massive list of features that set it above the competition. Earth Engine does not consume any fossil fuels, it does not run on the sun, the wind, hydro, bio-fuels, or radioactive fuel sources. It can run 24 hours a day, 7 days a week, 365 days a year creating constant energy unlike renewable technologies such as solar and wind. It is not reliant on a reaction, or burning of fuel source.”
— Notice that there is no mention of any need for solar panels, “Photon Power” or “photonics” in any of this! The “Earth Engine” needs nothing more than the “Asymmetric Magnetic Propulsion!” But now, three years later, Quantum has switched to peddling the solar panels that the “Earth Engine” didn’t need. What a bunch of charlatans!
Links:
https://web.archive.org/web/20201124150956/https://ie.energy/earth_engine/
https://sheridanmedia.com/news/35669/byron-wyoming-approves-5-million-bond-for-pioneering-energy-company/
Why did they switch to a new AI text presenter instead of themselves?
Look, I know what I know and it's factual information absolutely verified.
I put it out here so would be investors are at least warned of the real risks here and can make an informed decision upon their risk tolerance.
They need to know that Dennis Danzik is a criminal and Westbrook and Dean are thieves.
I don't need to provide any more information and I'm not going to.
You've been informed and you now will make your own investment decision.
Mr. 1776Rebel: Here is the evidence that "Danzik is a crook," according to a ruling by Justice Kornreich:
After Danzik’s company, RDX, happened to come into possession of six million dollars in tax credit funds that actually belonged to another company, Danzik decided to keep the money for himself. (In the Justice’s words, “Danzik stole all of the money.”)
Danzik violated and failed to comply with two different orders by Justice Kornreich: an Attachment Order which required him to put the tax credit funds in a separate account to be controlled by the court, and a Temporary Restraining Order which prohibited RDX from transferring or spending its assets, except for the payment of salaries, etc.
Instead, Danzik set up a shell company (M2R) to obscure and conceal his financial dealings. As the Justice wrote, “M2R is a sham company that exists solely for the purpose of evading this court’s orders and defrauding RDX’s creditors.”
Danzik pressured the witness David Bogardus, a former RDX employee, to sign a false affidavit, which falsely asserted that Danzik had nothing to do with M2R.
Danzik also coerced his employee Ms. Blazar into submitting false affidavits.
In the middle of the May 2016 contempt hearing resulting from his violation of Justice Kornreich’s orders, Danzik caused a stay of the proceedings by fraudulently filing for bankruptcy, almost certainly committing perjury in the process. As the Justice wrote: “It appears that the RDX Parties filed for bankruptcy to avoid the contempt hearing and sought to have this action adjudicated by another court. The bankruptcy court judges did not countenance this ploy.”
Danzik has engaged in the dishonest practices of “backdating invoices; taking money from the company under the pretense of fake business expenses; and lying about not receiving compensation from the company when, in fact, his salary was being withheld and used to set off his debt to the company…”
Justice Kornreich says Dennis Danzik must pay or go to jail: https://www.schlamstone.com/blogs/commercial/2016-06-13-commercial-division-remands-party-to-jail-for-civil-contempt
Justice Kornreich’s full decision: https://static.schlamstone.com/docs/2016_31028.pdf
Judge: What is your claim against Dennis Danzik?
LoneGrey: Your Honor, Mr. Danzik is a con artist and a thief. I know this for a fact.
Judge: Okay, state your evidence.
LoneGrey: My word is my only evidence. Knowing that I know is proof enough that Mr. Danzik is evil.
Judge: That's it?
LoneGrey: In its entirety, your Honor.
Judge: Then I am going to hold you in contempt for wasting the Court's time. In the meantime; Get a life.
I know for a fact that Dennis Danzik is a criminal and Westbrook and Dean are thieves.
So maybe your answer is that the whole thing is a SCAM??? Only time will tell now!
The whole Quantum Energy thing is bizarre, Curious. I mean, they claim that they have the energy technology that will revolutionize the world of energy production and distribution, and yet they can't get their stock to move upward in relation to their claim. They have two stock tickers, QREE and FLCX, and for the life of me I don't know how they get away with it. Even more, the stock ticker they have listed on their website for six months, now, is FLCX, and yet they haven't, as yet, finalized the merger with FLCX.
In short, I fell in love with their claims, but I hate their public relations endeavors.
SECURITIES FRAUD By Quantum Energy Inc.
In April 2023, a presentation regarding Quantum Energy’s so-called “Direct Energy System” was given to potential investors at the Planet MicroCap Showcase in Las Vegas by a Quantum Energy executive named Dustin Hamby. This presentation included statements so blatantly false and misleading that I believe they amount to securities fraud by Quantum Energy Inc.
Describing Quantum’s energy system, Hamby says: “The technology is disruptive – it changes the way people look at power… This… reduces those costs further. It doesn’t have to have the sun, the wind, or any other fuel source to generate that electricity.” [1]
– This is the same blatantly false claim that Dennis Danzik made for his “Earth Engine” for years, before renaming it as the “Photon Engine.” It rests on Danzik’s false claim that the “Engine” is actually powered by the “Magnetic Propulsion” provided by permanent magnets. In fact, the “Photon Engine” is simply an unconventional and inefficient type of electric motor. It is not powered by magnets at all. It is powered entirely by electricity. The electricity that powers it can only be generated though the use of the sun, the wind, or some other source of energy. The “Direct Energy System,” in essence, uses a type of electric motor to spin an alternator to generate electricity. The alternator will not produce more electricity than the electric motor consumes. Therefore there is nothing “disruptive” about the system. It will not “change the way people look at power,” and it will not “reduce costs.”
Hamby says: “Our IP is very strong, being the world’s first magnetic propulsion system that can generate electricity… that can deliver that electricity with zero emissions at a very low cost”
— This very misleading statement again rests on Quantum’s false pretense that Quantum’s so-called “Photon Engine” is a “revolutionary” device powered by “magnetic propulsion,” when in fact it is simply an unconventional and inefficient type of electric motor, powered by electricity.
Hamby says: “We have one of our Photonics systems that illustrates how we are recapturing voltage – wasted photons when we’re lighting a room. This voltage and amperage is utilized to run the control systems in our magnetic propulsion engines, which I’ll show you next.”
— This deceptive and misleading statement involves the same deception that we find in Danzik’s many videos on the Quantum Energy youtube channel. Quantum’s so-called “magnetic propulsion engine,” the “Photon Engine,” is simply a type of electric motor, powered entirely by electricity and not by magnets. The “recaptured voltage” from electric lights does not merely “run the control systems” of the electric motors which Quantum deceptively calls “magnetic propulsion engines” – it actually powers them.
Hamby says: “Why Quantum? We’re breakthrough technology… The renewable energy sector, their projects – solar projects, wind projects – they’re getting delayed because they don’t have transmission. Our solutions fix that. We don’t have to have transmission lines, because we’re creating the power where it’s consumed. We don’t need any sun, wind, hydro, it’s just the pairing of the permanent magnets.”
— This is yet another blatantly false and misleading statement. Quantum’s so-called “Photon Engine” is a type of electric motor, powered by electricity and not by magnets. Quantum does indeed need sun, wind, hydro, or some other of energy to generate the electricity that powers the electric motor that they call a “Photon Engine.”
In the interest of brevity, I have quoted above only a few of the many false and misleading statements made by Hamby in his presentation, which was false and misleading from beginning to end.
The false and misleading claims and statements regarding Quantum Energy’s so-called “Direct Energy System,” in the presentation given in April 2023 by a Quantum Energy executive, to potential investors at the Planet MicroCap Showcase, clearly amount to securities fraud by Quantum Energy Inc, in my opinion.
Now let’s take a look at what Quantum Energy Inc’s subsidiary, Inductance Energy Corp, posted on their website for years, while selling Private Activity Bonds:
“Earth Engine is the only known power source propelled by Asymmetrical Magnetic Propulsion, producing energy that can be applied to generating electricity, and operating pumps, compressors, and other mechanical devices. With its massive list of features that set it above the competition. Earth Engine does not consume any fossil fuels, it does not run on the sun, the wind, hydro, bio-fuels, or radioactive fuel sources. It can run 24 hours a day, 7 days a week, 365 days a year creating constant energy unlike renewable technologies such as solar and wind. It is not reliant on a reaction, or burning of fuel source.” [2]
– No requirement for any “Photon Power” or at all! No need for any “photonics!” All the “Earth Engine” needs is the “Asymmetrical Magnetic Propulsion!”
But “magnetic propulsion” is not an energy source. The “Earth Engine” / “Photon Engine” is simply a type of electric motor, powered only by electricity and not by magnets. Inductance Energy’s blatantly false and fraudulent claims regarding their so-called “Earth Engine” (now renamed the “Photon Engine”) clearly amount to securities fraud by Inductance Energy Corp, in my opinion.
Links:
[1] Here you can watch Quantum’s whole fraudulent presentation:
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