Surprising this company still has a market cap of 15M when there is no timetable on releasing the 10k. Nor a financing plan to keep the lights on.

Gpft cash combustion have accelerated by over 200% in the last 3 months of 2020. The first nine months the company burned on average 93k a month in cash. The following 3 months they consumed
$255K per month! It’s no wonder they release the 10k late.

Gpft cash combustion have accelerated by over 200% in the last 3 months of 2020. The first nine months the company burned on average 93k a month in cash. The following 3 months they consumed
$255K per month! It’s no wonder they release the 10k late.

“
The Company has not yet entered into employment agreements with Mr. Bradley Yourist or Mr. Dan Yourist but expects to do so in the future.
“

Lol...yet Ceo salary went from 90k in 2019 to 180K in 2020. Nothing builds confidence like getting a 50% raise for doing squat while sitting in Cush lawoffices 100 miles away! I wonder how long it will take the CEO to hook up his brother with the annuity employment deal. It’s no wonder this company cannot turn a profit! Just like imgg!

Diversified from profitability

Scaling takes money and a developed seasoned sales force which the company seriously lacks. The idea that production and sales turns on like a faucet is the lure of these type of issues but reality seldom plays along. I understand the farm act and ability to sell nationwide but that takes a nimble management team and a heavy online presence with lots of pay per clicks. So if they had 200k left in cash and are burning 80-100k a month they will need another 2-3M to do anything consequential. So id like to know how this company finances this and all the other little projects going forward.

Funny posters who can’t answer or understand the most basic financial issues facing GPFT are quick to criticize but continue to swallow whatever new management says at complete face value. I got news..Gpft is still smarmy. FYI today I went into essence, a high end store in So California. The tender was very knowledgeable and they had large high rent space, she walked me through many varieties of different products lotions edibles etc and then I ask about hourglass but she didn’t have clue about any of grapefruit products. So I would as an investor ask why distribution hasn’t reached a level compared to a mid tier well run dispensary.

Companies that reformulate through creative gimmickry, into something completely different are to me red flags that can be seen from space! Especially after schwacking its early investors. Whats left is the heavy reliance on convertibles for financing a money loosing operation which ultimately dilutes the company into oblivion.

So now it’s Thc free? Pivot...Lol!! What happened to the great disruptor product that touted breaking the skin absorption barrier and deliver THC without the stink?Apparently paying $60 bucks for 300 mg of THC “full spectrum” didn’t quite do the job especially when you can get 150 mg in one joint for $10.

0 will be the only thing left

How about the shareholders that got fleeced and are were told to hang on because the imaging division was going get spun off and they would get value for their shares??That news just vaporized apparently cause that company was dead the day Dvis was found NSE by the FDA! FYI along the way there were hundreds of loyal fans cheering on this company and then they got backed stabbed to death by several rounds of new management shifts. The lies didn’t stop! But hey...no reason to worry. Wildly successful companies always reverse acquire into a dogcrap shell in the OTC.

Major? I think not. They did 3.6M in sales but CGS was something like 93%! Ignore the reality of real numbers at your own peril. Medium sized dispensaries will go this in sales and make bank!

The Companies flagship full spectrum THC hourglass product has supposedly been on the market for 3 months yet only 2 retailers show up on weedmaps...not exactly setting the world on fire is it?

Lol all 2 of them!

Yeah I don’t know why the company headquarters is run out of a law practice. Ceo should be on site not distracted by running his other interests but hey it’s the OTC!

I'm sure GPFT will announce some creative Joint Venture that involves little money with some unknown outfit! The Canadian angle and "joint Venture" language tells me this is just another fluff job by a company that should never be public. How will they finance any of it if they are now down to the sticks and stems? Todays large block sellers selling hand over fist at .10 share.

Not that it matters...but:

Fake JV rumors spread by management to gin up interest and share price.

Smart money selling right into the hype.

Maybe these mega copy will learn the lesson of: “get woke go broke!

Please..CBD has run its course it’s now been seen for what it is. A way to sell useless lotion for high margins. The have been touting the tHc product as a smokeless option that get you high not one that is topical treatment for your dog!

So where is THC product...?? Can’t imagine many willing to pay $75 for just another CBD fad cream. Then their is the Pet division? Wow..that link is a pretty weak presentation all away around.

“

I would like to continue to help QSE find and solve the problem with the AOT and help turn the situation around.
“

Yeah but nobody is working for free. Qsep has spent all it’s cash on trying to fix a reoccurring problem that has been apparent since the early tests with a much smaller test rig. The reality is AOT small current imparts heat which in-turn reduces viscosity. Nowhere near what’s been claimed but enough to allow Tao to massage his data to support his claims. Since the oil in a pipeline can vary in composition and conductivity, it’s akin to putting discrete components into a circuit that vary in performance by 1000%. It’s no wonder it ground faults and how would you ever control it? You can’t !

Boy are you stretching! Why don’t pros at least make a case instead of the constant larp dance around the Gpft fire pit? Do you how they will finance operations with only 300k cash? That’s down to the “sticks & stems” How many more cheap shares will they offer up through convertibles and warrants to keep the insiders warm and fuzzy? There is no question It’s going to be an boatload. No way this company is worth 20x sales with zero income and climbing debt. Enjoy this while it lasts because the current pps will look like the great pyramid of Egypt after the reality of unknown profitability sets in.

Beep beep Ceo just gave himself a 50k raise. Bet you didn’t catch that nor care about all the insider note payables. But hey keep clicking those heels together!

There is no impending merger or JV it’s all just fluff. Nobody releases hints of a serious material event unless the sole aim is to pump which is obviously the case here. The biggest issue facing this company is cash. The have sales of 3m and still burn through all there cash and more so they continually have to sell off equity. This is a dilution train that’s just getting started!

“
Last year we found the conductivity of the oil at the pilot site had not been considered in the design and we fixed the AOT after lab and field testing revealed the problem. I am hopeful QSE will solve other problems, as well.”

“Fixed” ??? Who doesn’t consider all factors of the product your moving and running a current through! The most idiotic statement on the planet...Cecil just playing another round of pink sheet musical
Chairs.

Boy is that release full of straight up lies. They have solved zero technical problems and Kyte knows himself this device has major issues and will likely never see anther pipeline test unless they fork over another 500k!

“Due to complications beyond our control with our former licensed cannabis testing lab partner, CannaSafe, the Company was significantly delayed in its efforts to sell Hourglass into the retail marketplace. The Bureau of Cannabis Control shut down CannaSafe for issues that has nothing to do with the Company. However, CannaSafe was in the process of final regulatory testing for Hourglass when it was shut down. This, in turn, delayed our efforts and timeline to bring Hourglass to the retail marketplace. The Company was ultimately forced to seek out a new State Certified Laboratory and then had to start from ground zero working with the new laboratory’s science team to train them to properly test the Hourglass cream.”

$300k in cash...a CGS of over 90%! Yeah this is real winner 10k!

Lol...Cecil already had his pay day! He is looking for payday # 2. It’s the gift that keeps giving for him.

Yep no Bucks No Buck Rogers...Cecil bolted right before it’s flagship Aot took a big hit steaming dump at the Tcpl trail years ago. Shows he knew it was going fail way back in the day. Now he coming back for more...why because he made money and is an expert opportunist that feeds on the scraps of broken companies. If he brings back the experience banker Bigger it will come full circle! Oh wait they still owe him money...scratch that! I wonder if Lane will boot them out of his offices now that they have zero cash to pay rent. I’m sure the great white pipe sitting in backyard isn’t generating any $! You can make this crap up!!!

Let that “when or if” statement sink in!

“The Company intends to complete the audit and file its 2020 Annual Report when sufficient funds are available; however, as noted above, the Company can provide no assurances as to a date when, or if, the 2020 Annual Report will be filed with the SEC.”

Monday will be very interesting! Game over!

Sure it’s good thing provided they didn’t pay through the nose to convert but is irrelevant to late filing of 2020 10k!

Lol! More fluff. Future interest payments of either variable or fixed amounts have no bearing on results in 2020. Using this as a reason to delay a 10k shows how little actual thought management is putting into these releases!

If there was any doubt Qsep is a lifestyle stock you have no better proof than this! Cecil back in the mix....Unfreaking believable!

“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.