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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.
“
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.
Truth-matters until lies are spread as truths as a matter of company policy by whatever management team happens to be employed. FYI Kyte and Bigger would make house calls to pitch private placements to doctors and small business owners like it was just another emerging Nasdaq IPO for a major growth product already in the market making money! It doesn’t get much more smarmy that’s that!
Notably Kyte bolted right before the TCPl field test which failed miserably! I can list dozens of fabrications of the truth that will passed off to investors by management and reinforced by its crackpot inventor who basically tried to fit a square peg into round hole!
Concur… especially the willful bending of physics by Tao to fit his pie in the sky conclusion and all the other so called scientists involved in this fakery. I personally love the line by Tao on one of the failed field tests that the pipeline operator engineers didn’t understand the results. Laughable!
Cecil is a trend scam CEO. Him and his ilk jump into management of one penny stock after another and immediately set up a SPA and start writing blank checks with convertibles that will never get paid back with cash! Frankly it’s insane to believe any of managements claims especially from Cecil who has lied so many times I can’t believe he would even show his face…but hey ego and the ability to grift cash from a weaken corp must be a strong motivation for those that care little about real success.
The ridiculous press release assessing the engineering fix for the great white pipe is just another example of more blatant lies to keep the corp afloat! Note how they say they pump oil into the Aot not through it! So they claim they filled it will oil(not pressurized or flowing ) then turned it on for an hour. Where is this all happening! Are they using a full scale rig? Aot is meant to run with oil flowing through it at 5 mph at high psi! A static test is just meant to keep the dream alive and show sticks and stems to the remaining investors.
“In closing, we are confident that a retest in the presence of a development partner will yield to the expectations prior to June 2020. Furthermore, despite any supply chain issues, we expect to be testing in the next few weeks. Pending a positive outcome, we should be able to move forward towards a demonstration test in the presence of a development partner.”
So… it’s been 6 months and not a word! Not the use of the phrase “in the presence of a development partner”. The plain translation is never!
This rig has so many issues nobody is putting it on a line which contains anything remotely combustible! Electrical arcs within high psi flammable flowing liquid is a disaster. They got a better shot moving chocolate or cannabis oil!
The rig shorted out as soon as they increased the current flow so I doubt they ever pressurized the vessel to operating levels. It matters little they have a far better chance with Taos Tornado walls than pitching this poor interpretation of joule heating.
247k raised will get them to next year! Send up the flares!
From September 10Q:
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Revenue for the three months ended September 30, 2021 was $153,476 compared to $1,306,201 for the corresponding period in 2020, a decrease of $1,152,725 or 88.3%. This decrease in revenue is primarily due to the fact that there was a very strong cannabis crop in the last quarter of 2020, which drove down wholesale cannabis prices significantly and limited the profitability of our distribution and trading operations. The Company expects such cyclical revenue deviations to be mitigated in 2021 and following years by a significant growth of revenue from our HourGlass products, which will be unaffected by these cyclical events.”
So management blames a bumper crop in the last Q of 2020 as a reason for a 88% decline in sales that continued through 3Q 2021! Logic has left the building!
Nothing says success like blowing another SEC reporting deadline!
“or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date;”
Let’s see 5 calendar days extension would be 11/20...yet no 10Q! This is the second time they have blown a reporting extension yet there is little concern! Elvis has left the building!
Management employing more smarmy disclosure tactics to shroud actual results. Never a good sign! I’m betting revs are down to the stick and stems!
Rule 10b5-1 permits major holders to sell a predetermined number of shares at a predetermined time. Many corporate executives use 10b5-1 plans to avoid accusations of insider trading. It’s the mall attorneys trying to look legit while still getting done holiday play money!
Nothing spells competency then blowing another Quarterly report deadline!
“As reflected in the accompanying condensed consolidated financial statements, the Company had a net loss of $1,168,000 and a negative cash flow from operations of $514,000 for the nine-month period ended September 30, 2021. In addition, as of September 30, 2021, twenty-six notes payable with an aggregate balance of $1,285,000 and certain obligations to a former officer are past due. These factors raise substantial doubt about our ability to continue as a going concern.”
Different decade same story!
They are not capable of running a company that actually has to manufacture and distribute a product. The numbers speak for themselves. Look at CGS as percentage of sales! Completely out of whack with overhead just combusting dollars every month. Then there is the dramatic drop in sales which is again a function of not having a developed sales network which should have been the primary goal.
Cecil is a scam CEO. Company is now a full fledge con and it’s product is a worthless vessel of steel and is based on pseudoscience concepts developed by a college professor interested in keeping grant money and his university greased with licensing fees which now exceeds $1M and collect 10% in interest a year! Other than that....everything is great!
“Dr. Christopher Gallagher explained, "The inability to achieve treatment field strength has been a recurring theme through the demonstration project, where we were under contract to provide services to our partner, which ended in June of 2020”
Under contract to try “provide” service is the biggest lie I think I’ve heard from this crap company in decade! They paid to rest their magic white pipe and failed miserably. Operator was happy cash the $500k and let Qsep bomar brains play like they were actual engineers. They turned it on a few times and the thing arcing like Tesla coil. Bottom line. Flow combustible crude through an enclosed arcing capacitor and you’ll get an explosion that will level a block!
Gallagher making bank by showing he is working on a engineering problem and shows pictures as if it’s investors are technically knowledgeable of a pseudoscience product which has been redesigned every year for a decade. Pay no attention to the fact that Cecil and all that came before and after him are complicit in hiring crap engineers who simply took a paycheck as they understood that their work was not about anything but looking like they were working on the issue. Look as they now release pictures and diagrams...a freaking joke. They have lied so many times about the cause it’s pathetic. The have tried to lay the blame on their component and power supply vendors. Who’s next? Maybe it’s Trumps fault!
They are retaining( paying) 6pak which is a Canadian cannabis packaging company to try to push the company’s ineffective hourglass pseudo product. It’s another play run from the mall attorney & CEO playbook!
This is not technology this a shell game meant to separate uneducated investors from their money by slight of hand. Management has duped thousands of people into investing in this garbage company.
Dude...Aot doesn’t work. Never has and 2 decades of burning over 100M on overhead and executive salaries has proven over and over this is a lifestyle stock.
What planet was that on?