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Sell volume shows where the smart money is
That’s what it says! The scam
has come full circle. Imagine how low one would go to try to squeeze another few years of salary and perks from a company he effectively bled dry! When he was at helm the first time he spent money like a drunken sailor on leave.
“... Mr. Dickson and Dr. Bunting, appointed Mr. Kyte, and Mr. Kyte agreed, to serve on the Company’s Board as a Class I Director and to serve as the Company’s CEO, CFO, and Chairman, effective April 15, 2021, with compensation to be determined at a later time subject to the Company’s financial condition and viability.”
You can’t make this stuff up! Kyte promised to raise 500K and the reward was to become Qsep latest CEO! Is this even legal? Then as a result of everyone quitting he is still named CEO and CFO!
“The Agreement also provided that subject to the Company’s receipt of working capital directly and indirectly from Mr. Kyte in the amount of $500,000 by a date no later than September 29, 2020, Mr. Kyte would be appointed to the Company’s Board and to serve as the Company’s Chairman, CEO, and CFO, without compensation through the balance of calendar year 2020. Neither of the foregoing conditions was satisfied; thus Mr. Kyte was not appointed to the Company’s Board or management in calendar year 2020. Nonetheless, given the resignations of Messrs. Mann and Green from the Board, effective April 9, 2021, and the resignations of Messrs. Lane and Bundros from the Board, effective April 15, 2021, and the resignation of Mr. Dickson as CEO of the Company, effective April 15, 2021, and the resignation of Mike McMullen as CFO of the Company, effective April 15, 2021, the remaining two directors of the Company, namely, Mr. Dickson and Dr. Bunting, appointed Mr. Kyte, and Mr. Kyte agreed, to serve on the Company’s Board as a Class I Director and to serve as the Company’s CEO, CFO, and Chairman, effective April 15, 2021, with compensation to be determined at a later time subject to the Company’s financial condition and viability.”
How?? they out of cash by there own admission. As of Dec 2020 they had 1 month operating reserve. Even with Kyte investing and going door to door they could only scratch together a few hundred thousand dollars as reported in the 10k. They owe Temple $1.4M in back fees collecting a fat 10% annual interest!
This company hasn’t a clue or money to do anything. This Cecil being able to write off his offices and pretend like he is working on something. He could even hit the threshold of bringing in 500k but was made CEO because everyone else bolted!
Lol..so many more lies in this 10k! Cecil the grifter CEO looking to pump one more time!
It’s unbelievable how anyone could invest in this pile garbage. 115K cash and 3.6M in debt! Now Cecil get his offices paid for in Nevada. I love the part how he is going to sublease a portion just like he did more than a decade ago. Qsep still hasn’t paid off Bigger which is funny since he took the fall after Cecil jumped ship and he finally got out of crappy subleases which was his greatest accomplishment as CEO!
Btw there storing one of the great white pipes in the back yard at Lane building which is now occupied and leased out to a staffing health care center so that part about activating a satellite office is complete horsecrap!
Well since most don’t discuss the company merits without gushing all over themselves, I think I add a nice balance to the board. I’m not adverse to changing my mind but the company will need to show solid growth and have a clear path to profitability. All post presented so far haven’t come close so the Odds of Gpft breaking out would make a “long shot” look like a good bet.
The gift that keeps giving!
“said Grapefruit co-founder and CEO Bradley J. Yourist. “Passage of the ACT will accelerate our ability to offer Grapefruit’s patented, disruptive Hourglass(TM) time-release THC+cannabinoid delivery cream to all Americans whose states or territories of residence have legalized cannabis at the state or territorial level, thereby affording them the ability to enjoy the benefits of the Hourglass full-spectrum entourage “
Yet in Cali they are pretty much non existent in legal dispensaries...so it’s silly to assume they can succeed on a national level when they have maybe 1 or 2 stores out of at minimum 500 in the state after 7 months! This is the result when Lawyers try to manage a sales force. Just not cut out for the hard work of building a distribution network.
Not going to happen...this ticker is toast! This will be will sub penny in a matter of weeks!
Prediction: more lockdowns for blue states and Qsep goes sub penny.
Let’s check on Cecil predictions when he was running the show 12 years ago!
“TWST: What are Save the World Air's priorities for the next four to eight quarters?
Mr. Kyte: Next year to two. Well, in the next year, we want to become profitable. We are transitioning out of R&D and into sales.
TWST: How big is your sales staff at the moment?
Mr. Kyte: We have a unique model. About half a dozen consultants or consulting organizations would comprise our sales staff. This would encompass people and organizations who have existing relationships with fleet managers, the people for example who handle the transportation for McDonald's, Atlas Van lines, FedEx, UPS, Wal-Mart, etc.,
fleets that are comprised of hundreds and thousands of trucks. We have approached and developed relationships with consultants who can get these peoples ear. So, our sales force isn't what we call normal or traditional. We're more focused on working with organizations and people who have existing relationships -- 20, 30-year relationships -- with transportation managers in the industry.
You forgot the fuel injection product which Cecil predicted would bring company into profitability in 2009!
“you can literally go and buy it in SoCal today. “
There 500 dispensaries in California. The THC product is in 1 store according to Weed maps and shows only 3 reviews. Lets face the music...management has no clue how to develop or manage a sales distribution network.
Jaymark..Qsep has been given the benefit of doubt for over two decades and they have nothing to show for it. I’m confused why many still believe in the companies product when they have been unable to prove a shred of efficacy ever! I know of no other otc ticker afforded such latitude. Especially after a monumental price collapse, musical chair management team and mere pennys in the bank account.
All the points you talk about have been done. The company scaled up its early smaller prototypes yet it didn’t work. The problem is the device has never been properly engineered and it most likely would not work if it was. Pipeline companies will never experiment with sketchy products that not been vetted by real world field testing. Qsep have not be able to turn on longer than a few hours without constantly resetting its power supply and shorting ground. The most basic engineering would test for this problem and not push out a defective device only to fail after minutes of operation. Really the company has been run by a ship of fools for so long that the recycling of Cecil Kyte is not even questioned. This is the same guy that made house calls to doctors and dentists to pitch private placements. Yeah that should work out real well!
Don’t forget the viscosity reducing chocolate pipe that also simultaneously magically reduced the fat content by 20%! Yeah that one went “poof” too!
AOT is a giant capacitor that imparts an electric current through a moving viscous flammable fluid which is inherently an engineering nightmare.
Pipeline operations move different batches of product and Qsep couldn’t even move lease condensate (a diluent) without ground faulting every time they turn the switch on! They blamed the power supply people but that KMI test just went poof! Its hard to Imagine trying to move high viscous crude through these electrified pipes on a major line without extensive testing and research and development. Qsep has proven time after time it cant engineer itself out of a box (TCPL,KMI, PAID SITE)) even after decades of burning cash on consultants and testing agencies and more recently on a pay to test site that took a big chunk of its operating cash. All used not to research the technology but to promote the company so they could continue raising money but unfortunately the underlying physics for which all of these devices purportedly are based on has not been proven and I would argue based on pseudoscience.
Tao was brought in after a million dollar analysis by RAND exposed the company’s product were useless. He then received grants and was incentivized to write glowing reports and white papers proving the technology was viable with his help and it turn he would v be bring Temple a nice 187K a year licensing fee. But old adage " you cant fool Mother Nature" and the physics didn't play along with all of Taos predictions.. The truth like water always finds its level.
Great now they will be in a total
of 10 stores. Send up the flares!
“Claims which were signed off on as being valid at the RMOTC?”
Jaymark RMOTC did nothing of the sorts. They concluded that the device “may” warrant further investigation and yet they would not authorize any further grants for additional testing. Then they closed up shop!
China test...failed not a word didn’t even get the equipment back
Tcpl test- failed miserably after operating less more than 36 hours and was a total disaster! Current CEO and technical director bailed weeks before it’s deployment!
Kmi test also failed in the same manner even though it wasn’t even moving heavy crude. If Aot can’t move lease condensate then how would it ever be effective on viscous crude? Btw company took years to acknowledge that the KMI deal was dead and still float out the ridiculous “continued interest” theory!
The pay to play demo site should have been the last nail in the coffin but they may continue to extract cash from unwary investors. The yield warning will make that much difficult.
In short every test failed and I’m not even bringing up Elektra and Magchargr fuel injection fake products that were universally panned.
Nike is now in the pocket of China and the CCP. They should just change the Swoosh to a hammer and sickle.
Do the right thing? How about staying out of politics! Nike, Ko will suffer immeasurable damage you can bet on it. It’s happening slowly but America is slowly awakening to the bulls hit activism that will destroy the country...but hey according to you it’s the “right” thing for shareholders! Wow...come back and see how that won’t age well!
Why would they discredit them? Temple collects a check as long as the charade continues and all Qsep has to do is keep appearing like it’s legit. Believe me while they owe Temple over a 1M in fees the university has bigger fish to fry. If qsep doesn’t file a 10k before October then they will part company very quickly...Imo...since we are waxing hypothetical ,where is Tao now? I see no current papers or continued research to support any of his theories. Btw It’s not on me to prove Qsep products don’t work..it’s on management to prove they do! After two decades and several shuffling of products and management the answer is pretty clear.
Don’t buy Nike. They are working to subvert America. Pandering to a communist nation? Great job Nike management...calling my advisor now! Divest everything that has a whiff of this dog shit company. Send a message they cannot be ignore. 50% of America suddenly trashing Nike products would turn the CEOs balls into hummus...if he had any to begin with!
Brand has been severely damaged by managements woke bull shit! So good luck hitting 65 anytime soon. Elections have consequences and so does corporate virtue signaling. I see no turn around with this company who once represented achievement and success in our America. Now they are just another in a long line of pandering Corporation looking to appear progressive while they embrace Neo Marxism! I divested a big chunk last month. More to follow. These woke CEOs have no idea that Americans are now starting to direct their funds. When the tidal wave hits of lost revs it will send shock waves through corporate America. Get woke Go broke!
Lol!! Reminds me of the old snake oil pitch: “But wait there’s more!!!” used by every telemarketer selling diamonds to dog poop.
“Grapefruit would also like to eliminate any potential confusion among the investing public by emphasizing that the strategic alliance discussed in this press release is completely independent of our previously announced discussions concerning an acquisition transaction and or joint venture with a separate and distinct Canadian partner. Those discussions continue to proceed separately from the 6PAK NNCP initiative,” commented Yourist.”
Every test they ran failed. They just spun it as a success because that’s what schmarmy executives do to earn the “big bucks” . Anyone that believes this device has a chance in hell of working anywhere near what has been promised has not done the proper research or is incapable of underlying the underlying physics. Both scenarios mean management still has a shot at raising more money. That’s the aim of every consultant or executive they bring in! Yield sign now up....this drifts lower. Nothing to stop the drainage. Especially given the fact they can’t file a timely 10k!
Btw the government test site used positive displacement pumps which is completely wrong for this type of test. Tao fiddled so much with trying to make the test fit his narrative but in the end it failed. That’s the modus operandi of Qsep. They have botched every test they have promoted.
“Yourist's day to day finanial comittment to the enterprise, exlusive of their contribution of the Coachillin real estate to the enterprise and relinquisment of the their very substanstial law practice revenues to manage GPFT day to day -“
Relinquishment?? They have not given up anything. If that the case post where the proof instead of just floating a theory you can across.
Honestly if you going to promote the stock without providing solid evidence of what you claim then keep enjoying the downward spiral.
Comedy not your thing
According to the 2020 10k CEO is the only one collecting a contracted salary of $180K per year which doesn’t even come close to the $440k they were both allocated. So you might want to recheck that working for noncash theory! Beside they run a separate legal firm which would be impossible to separate from their other activities. Why are Gpft shareholders paying for the Yourists to practice law that doesn’t benefit anyone invested in Gpft?
What part of “free” needs explaining?
Shares were given to them for service rendered.
Yourist brothers were granted over 4M shares each last month for services provided! Do they get a paycheck on top of this?
“Possible acquisition” is just fluffery! Legit companies seldom release any details regarding potential deals prior to them
inking a contract. Gpft update is just more creative writing.
Not like they invested dollar $1. Just trade “legal” advice for shares. They are extracting all kinds of benefits from Gpft. Law practice hq paid for by Gpft shareholders...CEO got a 50k raise last Q for doing squat! Please like anyone cares if they took a hit. It’s play money for them!
Dead cat bounce
Agreed!.. this is a lifestyle stock for insiders and family members. I like the Trend Scam term you coined. It’s fits like a glove!
They can run all kinds of expenses through the Corp without much scrutiny as long as they attract fresh meat to keep offloading convertibles...after all they have another .5 Billion shares to play with! Hard to imagine that these type of zombie tickers can rise from the dead only to be killed again!
The rumored Canadian company is most likely Veritas which has been halted from trading for the last 6 months! Good luck squeezing water from this rock! They ain’t buying smelt!
So Gpft has poorly developed distribution so not sure the point your trying to make. Management has always been concerned with how they and their families personally make money and cover the expenses of operating a law practice by commingling operations. It’s a standard tactic in OTC. Gpft Flag ship (Thc) product is nowhere to be seen. Now they pivot to CBD and doggie products??
No JV news just more doggiep CBD tincture products! Riddle me this....if the Yourist law offices double as company Hq and also take on other clients...why does Gpft foot the bill for monthly rent? Sound to me like commingling of funds...something previous management was an expert at! Also the address:
10866 Wilshire Boulevard
Suite 225
Los Angeles California 90024
United States is 1800 sq feet and Gpft pays over 6k a month yet the lawyer bros operated their law practice in the same space. It’s not illegal but schmarmy to get a public company to cover your overhead while the bros make bank on free rent and God knows what other expense that are rammed through!