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By extending the current CEO’s contract Disney’s board effectively told most of its long term shareholders to F off! Sad day for those that grew up with the brand. But it just another woke corp that lost its luster and will face the music soon when the looming economic slow down squeezes its profits to sticks and stems. Pandering to 4 % of the pop while excluding 50% is something even Jeff Bezos wouldn’t do…
“NOT TRUE. I only believe FACTS that are in the filings. I remember CENOVUS in CANADA paying QS $50,000 to test the technology.
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This was a one off test that obviously failed and was done many years ago and wouldn’t even be
classified as a legitimate sale. Likely sometime Tao put together And just another “arrangement” that John Q. Public knew nothing about…..and it produce no reoccurring revs.
If you want to speak about facts, how about the KM contract? That was in the “filings” yet I hear no discussion why they received not a single dollar from that debacle! They were to be paid $ for the rig they installed on the KM lease condensate line regardless of the equipment performance. Yet they lied and received nothing for it even though they had a firm contract detailing the responsibilities of each party. When no money was sent Qsep made up a story about pre approval safety test….bla bla bla and the result was a lease that was “suspended” wink wink before it was started in an effort to keep investors from bailing out!
“BUT BUT BUT the ceo Kyte isn't being compensated as per the FACTS below, so it can't be an insider enrichment scheme. “
Cecil is an expert at commingling his private interests with Qsep. He has an office that’s being paid for by the corp where Cecil can pursue personal interests and business ventures not related to increasing shareholder value…in short he makes a living on this and anyone that doesn’t recognize his grifting signature should probably not be playing around with worthless penny stocks that will never see the light of day!
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I am willing to bet that the Board of Directors want the same thing that we do want.
They probably feel the same frustrations that we do too”
I’ll take that bet all day long! With
the exception of Lane, who knew they had to show an operating field tested unit and did try to get an actual operator to test it before it bombed. He was smart enough to get out and rent his backyard to Qsep for storage. Every other executive in this company was overpaid and milked it to the very end and didn’t even get a base hit. Professional penny stock CEO & CFOs etc make for crappy real world managers. Small tech companies need nimble engineers willing to work all night long to get the job done. Qsep is now headquartered in a Nev dry dock marina which is basically just a place where Cecil can operate out of. Vegas is perfect for him…but how much innovation can come out of Cecil main job of fund raising. Most done by house calling doctors and dentists so I would say Qsep has been and will continue to be an insider enrichment scheme. It’s either that or management had been so completely incompetent that they were unable to bring a new scientific phenomena to market that would revolutionize all of mankind.
Wow….Walt is turning in his grave
Well that’s the modus operandi of this company. They can always show they are “working on it” which has worked for two decades…but truth be said the oil
Boom had come and gone and now is back again…yet Qsep didn’t get a single dollar of strategic investment from any major operator in the field. In fact they forced a test a contraption that was never ready to do a field trail. Management lied about it with Tcpl,Kmi and who ever the unknown pipeline operator who was paid over $500k! The proposition that they have current insider investment to the tune of a whopping few hundred thousand dollars somehow supports the company legitimacy speaks volumes. The inventor Tao doesn’t even have oil viscosity reduction as his main area of interest. It’s now blood floods for Covid-19! On to the next grift machine.
Im here as a long time shareholder voicing my opinion. You….to spread your TA wizardry??? Great good luck with that! IMO the discussion is on point and not just political ranting as the company culture has shifted dramatically which is a fundamental I would consider material. I also would not ignore the backlash by pissed off investors not down with Disney latest dumping of pronouns to suit a fringe minority. Especially given its hypocrisy on China.
I disagree …his ridiculous insertion of the company into the Florida parents rights bill was inexcusable. Nothing to gain by pandering to a niche market that really doesn’t even know it wants.
Woke broke
Myopic view…Disney CEO needs to go…every moment he stays will devalue this stock more…
10q out and it’s more of a slide into the oblivion. Seriously 5k in cash 5k in sales! The rev number is 1/60th of last years Q1 which was the best quarter of 2021 even though the total 12 month didn’t crack 600k and was > 80% reduction on 2020 revs! How’s the transitioning to a cannabis biotech going to take place without cash flow? Who’s going to put up the investment to keep this company afloat & where is the financial plan to get it done? Seriously this is just another public company run like a private concern until they are forced to put in actual cash or pay for their offices space and overhead which is undoubtedly being run through the corp.
“In April and May 2022, the Company issued 1,582,500 shares of common stock upon the exercise of warrants for proceeds of $47,000 at an exercise price of $0.03 per share.”
Actually they raised 47k more through warrants but your right this company is insolvent. The fixed costs and licensing and debt obligations cannot be met with these small lifeline investments…especially given the companies propensity to spend cash and use toxic debt to finance operations. At least Cecil has a paid for office to run all his other interests out of…
CEO needs to go…the more they delay the less likely they can turn it around. This company needs to get out of the political pandering business and go back to entertainment as Walt envisioned.
They better do a 180 pretty quickly…but wokesters always double down…
Great job? Company has zero sales and has been around since 1998. Basically an insider enrichment scheme!
What a freaking joke…no company reveals it’s technical issues to its shareholders after lying for 20 year! Gee so Cecil can use indesign and layout this latest BS excuse why they can’t turn it on…let’s see let’s round off all the sharp edges or use a insulation material that doesn’t bloat up like Greg Bigger after beer and pizza! The depth this company will sink to in order to keep selling its worthless paper is sickening!
Gpft should call it auditors and ask for a refund. 10k is full or errors. Apparently smoking Gpft products opens a time travel portal! Que the 10KA count down!
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In July 2022, we decided to bring our patented Hourglass™ Time Release THC+CBD-Infused Topical Cream to the federally legalized Canadian cannabis marketplace.”
Since your moniker matches a director of the company I’m surprised your not telling us about all the good things you see happening rather than comment on the lack of discussion. What are pros going to say now other than simply cheerlead. The original company founder found out the hard way when he went off the rails in a public forum and was sanctioned by the SEC when he tried to explain that his lies were simply misinterpreted! So without getting into trouble please explain to the diehard shareholders how this company will be able to acquire another company, build out its facility and keep paying off its debt holders with only 600k in sales and 9k in cash? Common DY take a shot!
Nothing like cold facts to clear the horsefly’s from the gigantic poop pile that is GPFT! It’s no wonder this company filed late they have no money to operate. They pissed through all their financing tranches and now they are down to the stick and stems! Seriously why did they go public…I don’t get it. Latest release shows another imaging 3 creditor demanding payment which they apparently are on the hook for along with a boatload of others. Gpft had .6M in sales with SG&A at $1.5M! CGS was over 1M. Wtf... this does NOT COMPUTE Will Robertson! The sales drop off is jsut more proof that Gpft is in no position to buy anyone much less simply survive anther 6 months. I still see only a few vendors listed as carrying it’s so called flagship thc cream product. If this was such a game changer why has no one heard of it?
Blame Putin
Iger is just as woke. Disney has lost its way and profits will decline accordingly. I will divest all of my Disney as a result of their political positions. Sad that an American institution flushes itself down the toilet for community that is <3.5% of the population.
Now they are blaming the material they used internally “swelling up”! Jesus what could go wrong…did they build this from crap they bought at the hardware store? This is a shell game and it’s impossible for investors to pick the right cup!
You are right….great job explaining away why this company doesn’t stink as much as it actually does and how gpft mall attorney management failed once again to release its second year in a row annual report on time. Also releasing the nt before the 10k due date generally shows consideration for your shareholders to get in front of the 10k deadline but the blind devotion to this stock dictates otherwise.
The 10k will show a huge decline in sales and cash reserves. Management tried to juice the market with its nothing burger MOU 8K last month in anticipation of releasing horrifying numbers 10k but it didn’t move the needle so they have gone back into hiding!
722k burned in 12 months is 60k a month combusted without even touching its past due debts and licensing obligations. Ending cash balance at year end 2021 was 118K. They raised another 45k with more equity sales after that. That means today they are once again out cash! At .03 pps this company will need to sell 2M shares a month just to keep the doors open. This dog has fleas the size of cockroaches!
Nothing spells success like another blown disclosure release. The 10k was due yesterday yet not even an 10K-NT! The Mall attorneys have no problem releasing an 8K for a MOU for some BS deal that they don’t have but can’t report it’s year end on time! Pathetic…
The otc is full of penny’s that use these trend scam tactics. The main difference is Qsep has continued to sell its convertibles to finance its operations by promoting a giant white toaster pipe! Human nature you gotta love it!
Current admin has declared war on hydrocarbons so even if one suspended all logical thought and believed AOT actually works, qsep is still years away from fielding units and seeing dollar one in actual sales.
If they get financing Temple gets their piece….at 10% yearly interest they are willing to gamble…besides no other legit university would would wait a decade while Qsep rookies try to reinvent physics. If Tao concepts worked at 50% of what he claimed he would have fielded many products and licensed derivative products throughout industry….instead you got 1000 foot tornado walls and a chocolate pipe line! None of which were heard from again!
10k is due in 2 weeks. They will release some fluffy presser before they drop the year end report which will be done to primarily offset the miserably bad year they just had! Remember this company has zero ability to field a workable product and has been paying licensing fees to Temple for years so they can appear to be legit.
The last “development partner” was paid over $500k to run a test that they couldn’t even successfully turn on for a few minutes without ground faulting. I’m sure they would be happy to try it again for another $ .5M plus a margin for inflation. It just goes to show how all the wasteful spending over the last two plus decades sums up in the end. Company has diluted itself into oblivion and there are only sticks and stems left!
End of day paint job says it all!
0 insider buys in the last 6 months so I don’t know what you are referring too.
Based on what?
How’s that “no dilution claim” aging?
Lol…the 10k will be dismal.
Management needs to offload shares before they report the 10k cause that will show how poorly this company is managed. Mall lawyers never make good CEOs and they will dilute whatever value is remaining down to the sticks and stems!
Woke company stripping Minnie Mouse of her dress for Hillary jumpsuit spells disaster in the near future. Pandering to the woke never ends well.
“As of September 30, 2021 and December 31, 2020, total unpaid fees due to Temple pursuant to these agreements are $1,667,000 and $1,491,000, respectively, which are included as part of Accounts Payable – license agreements in the accompanying consolidated balance sheets. With regards to the unpaid fees to Temple, a total of $135,000 are deferred until such time the Company achieves a revenue milestone of $835,000 or upon termination of the licensing agreements and the remaining $1,532,000 is deemed past due. The Company has discussed and continues to discuss with Temple settlement or cure of the past due balance.”
Accumulating over $450 in interest daily plus $187k annual fees! The price of buying legitimacy.
I dunno can someone explain why Qsep Carson city address is the same as a outdoor cover manufacturer?
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At this point, we have reopened discussions with our original development partner as well as reaching out to others. While we have tested with a representative oil sample, the next step is to test a development partner's actual pipeline oil as a prelude to another field test.
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No pipeline operator is interested in the Magic White Pipe….it doesn’t work and defies the laws of physics! Unless of course Cecil can get another $500k to pay an operator to set it up and watch it fail once again! The only thing this will accomplish is to extend the remaining life of the corp until Cecil can figure out a creative merger or some other cockamamie financial angle he can exploit!
Have you seen the last two Q’s? Sales are off by over 80% and they continue to burn money they don’t have.