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“Effective April 15, 2021, the remaining Board members, namely, Don Dickson and Eric Bunting, appointed Cecil Bond Kyte to serve as the Company’s Chief Executive Officer and Chief Financial Officer on such mutually acceptable terms and conditions to be determined at a later date, based on and subject to the Company’s financial condition and viability. Currently, Mr. Kyte will not receive any cash or stock consideration for his roles as CEO and CFO of the Company until approved by the Board. Currently, there is no agreement or arrangement regarding compensation for Mr. Kyte in his roles as CEO and CFO of the Company. Additionally, effective April 15, 2021, the remaining Board members appointed Mr. Kyte to serve on the Company’s Board of Directors and to serve as the Company’s Chairman of the Board. The Board also approved a resolution suspending all Board compensation effective January 1, 2021, payable under the Company’s May 6, 2014, Board compensation policy as amended January 1, 2015.”
Full circle Monty
Dude save your chips. Your going to need them.
Your correct you got me. I admit being wrong. As you point out apparently there is an allowance for this dogcrap tier of the otc. I forgot they been demoted since the imgg3 days and apparently won’t be floating the uplisting to the Naz line of bull anytime soon. Thst one was a favorite!
Wrong it’s due today which is 15 days after the due date.
Ha! Nothing builds confidence like a name nobody understands! Maybe management should have a name the company contest!
My personal fav:
GWMP-Great White Magic Pipe
How about sales then profits and return on investment. Progressives Dems want to completely dismantle Oil and gas so its a crap sector to enter never mind disrupt! The pitch that somehow they could magically alter pipeline operations is a tough sell given every broken promise and field test failure. Nobody is buying the manufactured fluffery. This gimmick of a company has spent a decade doing exactly what your describing. "Earthy" name change ands socially heightened blah blah bla. It all doesn't mean squat... the effectiveness of a public company is measured execution of its business plan.
Wokeacola will flat line now that they have been exposed as just another pandering SJ warrior Corp! Sad...held for decades but now it’s going get divested because of stupid moves management is deploying and trying to play politics! CEOs best accomplishment to date was killing the brand!
You know your about to get hosed when your dream penny stock has resources to release a pay to play awareness video but can’t release its 10k on time? This is the definition of sketchy!
Yep and as of last Q Temple was owed more than one million dollars collecting a 10% yearly interest and then on top of that...each year an additional $187k in Maintenance fees was accrued! They will pay $300k a year without touching the existing debt. At current pps they would need to offer up 65M shares just to cover that debt!
Qsep products are based on pseudoscience that’s why every time the rig was allowed on an actual field test the device bombed out. Engineering can’t fix a problem
that defies the laws of Mother Nature. It’s a giant capacitor!
I imagine there is a slight chance that management didn’t understand that Tao misrepresented his findings for years and continued to pursue an engineering fix but after the Tcpl failed test they hired as a consultant a legitimate fluid dynamics professor from UCSB. (Carl Meinhart sp?) The result was a new product management called joule heating. Why? Because the prof didn’t see a magical viscosity reduction action from Taos low amp field but did see some excess heating which management spun as a new application! Ohhh and Heat reduces viscosity and likely was the lab effect that’s been peddled for a decade. So yes...they have products but only to entice investment. I won’t even mention the fuel injection nonsense! A two decade old company still without an active working product line and an sales force to support it is pretty much worthless.
Qsep is a stepping stone for ambitious but ill equipped executives who want to add to their CV the management of a public company. Last two guys before Lane were classic examples. Lane btw got a tenant.
Well tool its nice to see logic hasn't completely escaped the bounds of gravity. GPFT can fluff through 10Qs pretty easily but a 10K is another story. I can hear the chants now "Financial are meaningless for a market disruptor blah blah blah"! Yeah well how many years can a penny claim they are a disruptor especially when they go from the medical imaging world to whatever they do now?
Nothing builds confidence like a good old fashion late filing!
It’s always interesting to listen to comments of investors who ignore logic in favor of making a buck. Whether someone holds shares or not should have no bearing on the content of the discussion but when the pump cheer squad runs out attacking points..then floating the “no skin in game” theory is as about weak as sleepy climbing AF1!
Here is a notion. If your 10k is kickass you release before the market opens. If it sucks you wait until AH!
Par for the course. No cash no sales...
Well you might be asking “where’s the beef”
10k out this month...
Or the 10k which will show the actual reality of all this sales puffery
Zero.zero
Agreed although I think they (Temple) is complicit in furthering these “pay for play” professors looking to make some scratch while garnering some press for the University. Until someone brings suit against them for misrepresentation or fraud I doubt anything will change. The licensing contracts are pretty solid so it’s highly unlikely that happens. It’s a shame and seems hardly worth the 187k a year Temple gets in fees. They are devaluing it’s legitimacy by way more than that!
I think the patents are essentially useless. Temple is owed so much money for the licensing extortion that they will have little left to pay for maintains these patents.
Holding on did nothing but create a opportunity cost of investing in some other sector. The remaining value carried over into in stock of Gpft is pennies on the dollar. It’s an old game played over and over.
Here is what I posted:
“It’s not like reversing into a former OTC company that ran afoul of the SEC and defrauded it’s investors will simply be pushed under the rug.”
Your reply is once gain unintelligible!
More fakery. Letters of intent mean dogcrap. If this company has the nut flush then why are dispensaries in LA clueless about grapefruit hourglass product. These fluff jobs will come in hot and heavy from now till the 10k release but it’s simple meant to try to balance the actual reality bad execution of a life style penny!
Lol..ignore the companies woefully poor financial component at ones own peril. A single well run retail dispensary will have a profit margin(not gross margin) of 40-50%and do average sales of $2k per sq ft yet this gem can’t stop the flow of red ink! A licensed distributor should be right in line and much higher volumes. Rest assured the Youris brothers will make bank but the massive supply overhead of cheap stock that has been and yet to be converted is growing everyday! Not to mention that the company has no lines of credit and must finance everything by selling off equity just to keep the lights on. Like I said before if they were profitable you could make the case to go public but Gpft has no reason to do so. They should have remain private and grow the business in a controllable manner. It’s not like reversing into a former OTC company that ran afoul of the SEC and defrauded it’s investors will simply be pushed under the rug.
You must have missed the Altounian, Jane, Lorsch panel discussion on Don Ballagerons Money Tv. Lorsch took a step further by offering up a bounty for me and called it operation Mole!
Last Q financials showed gross margin at 14% on $1.3M in sales! If that doesn’t ring an alarm not much more I can say.
Luck is a function of knowledge.
I knew from very early on that there was very little chance that the former CEO could clear the FDA but loyals are still praying for approval. It’s the prototypical investors penny CEOs dream off. I think more imaging3 investors were pissed at me for exposing the hypocrisy rather than at the CEO for actually misrepresenting actual facts! I would bet that will happen here too.
Fluff news...hook line and sinker. No 8k means nothing more than wishful thinking to offset another unprofitable Q. Company now down to the last million dollars to finance building its new facility, launch an so called game changing disruptive cannabis product while also distributing what ever else it cultivates. If the revs from sales covered a majority of the expenses then it would be a reasonable call but it doesn’t come close. The margin is thinner than a zig zag! How is that even possible!
March 15th..
Here my original post:
“Remember gpft reversed into a defunked medical imaging company who throughly fleeced its shareholders and lied and misrepresented facts for years!”
There is no disputing the above post. As far as the current management reset into another product line Imo no legit financially sound company would go public in this manner by reverse acquisition into a ticker with lots of SEC issues and a history of fleecing it’s shareholders. Now it appears it’s a similar story. Lawyer CEO and Brother COO collect salaries while CEO maintains his law practice and brother has other interests as well. The company HQ is in desert yet the CEO day to day is in his Law office in LA. Remote executives usually point to frequent encounters with unforeseen disasters! Launching a new product line that supposedly disruptive is a full time job. No slack to pay off his brother for some web portal he developed but fell flat then give him a management position or pump the investors with press that can be picked apart with very little effort. All early indicators point to the same type of management that existed before. Ceo ran it like it was his own personal business and did deals with the most toxic lenders and then couldn’t deliver a product anyone wanted.
Dude I was the one who requested and obtained the FOIA which showed the previous CEO misrepresentations in which he was sanctioned and barred from acting as director of a public company... so it’s on you to dispute since it’s obvious you have not done your homework. As for the pseudo licensing agreement. FYI legit agreement don’t redact the most critical information as to terms, territory, fees etc.
Nope..Qsep products are unproven and have been so poorly engineered that they have been unable to turn on without ground faulting which in layman’s terms means:” it will go boom”
But gpft does not own the patent to this so called disruptive tech nor does the public know the terms, territory and fees of said licensing agreement. Remember gpft reversed into a defunked medical imaging company who throughly fleeced its shareholders and lied and misrepresented facts for years! The previous CEO owns most of the shares that were converted so I’m sure he will come out clean while his shareholder got their heads torn off! It’s the story of the OTC!
Too bad their wokeness will erode the once golden brand.
Lol! Insanity in motion. Qsep is on the hook for 187k in yearly maintenance fees that includes two separate licenses. One for fuel injection the other for pipeline. The fuel injection product line has been dead for years which represents something like a $125k of the total yearly fee that still agree to pay! There is no logical reason this company should be paying any fee for any unproven tech developed by a crack pot scientist who has never made one product in his life! Qsep owes over a million dollars in past due fees collecting 10% a year in interest. Pretty sweet deal for Temple. CFO claimed years ago that they worked out the licensing issue but that was just more bull about deferring a few hundred thousand dollars. Company is trying to pay for legitimacy but their cash management would be better handled by a teenager. I would expect the CFO to be out soon but nothing surprises with this crew.
“
Same story on a different scale. Originally they designed this device to work in automobiles to reduce droplet size in the carbonation process thereby increasing the efficiency of the combustion”
Lol...Carbonation process? That must be the new “go to “ Qsep strategy...inject CO2 to mitigate the whole smash from exploding. Then create a new acronym to replace the old outdated Aot with the new GWSF. The “Great White Soda Fountain”.
Wait until the 10k. Blood will flow into the streets! I can hear all the excuses now about how nobody cares about Qsep financials because it’s a “game changer” bla bla bla...the result will be the same. Stagnation and dilution until there is nothing left. I cant imagine any investor willing to continue to finance another round of Qsep inept engineering and “Hail Mary” endzone attempt at making a product that literally claims to bend the rules of Mother Nature. Especially since every attempt has been swatted away!
Lol...nobody is coming to rescue Qsep and there no significant short position. Also GameStop actually provides a benefit to its customers unlike Qsep which hasn’t done anything but spend every dollar it raised chasing a pseudo scientific device that will never be adopted in any form. Big difference in the millions of GameStop patrons who grew up going to the stores vs Qsep management who just love extracting investment dollars as if they will picking fruit!
There would need to be a short position. There is virtually none!