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My takeaway from Red Chip interview
As per one of ( Bigger Salary's) statements is that he expects to deploy 2 or 3 of his units in 2016.
Given their overhead and OS,
I would proceed with caution.
A development like that will only generate a small and temporary pop
At best. Take profits at that point and
By back at a better price later as these deals will take a very long time to put together.
Hopefully they can purchase some existing producing distressed assets
In the meanwhile. But with oil back on the move again, those type of deals are going to be harder to find.
The MM's will see that news release as a reason to put downward pressure on the stock because they know for the time being.... No deals
And nothing else to prop up trading price.
We'd all like to think within 90 days.... But if you look at the timeline of so called progress with KMI , it could be a year or more.... That's the inherent risk in a company like QSEP which bows down to every little tweak these prospective customers want.
My fear is They will milk QSEP dry by the time it's all said and done.
$51 oil and no extraction of any kind ...it's the 2nd week in June guys.!
The news basically told traders there is nothing imminent happening because there is too much more testing and analysis to be done with its most probable near term partner.
Stock now has a downside bias.
Yeah, look how well that is working.
They've used up all of their good will on PR....all that matters now is a contract . Hard to imagine the stock moving up on anything else, but it's always nice to get any news from
These guys to at least know they are keeping the ball rolling.
Patience equals substantial risk
With micro - caps.
There's no end in sight on getting something done from a revenue standpoint. There is nothing in the KMI News release that tells us whether it will take 30 days or a year to complete these perpetual evaluations and re-evaluations of flow rates. The same goes for all of the projects they are working on.
Most Tiny, cash strapped companies with great technologies fail because they never end up "Executing" and eventually get so diluted they either become worthless or run out of money.
No big deal for Temple U. , they can just find another partner.
Testing....evaluating....testing....evaluating....vendor adding new criteria...
More testing.... Evaluating.....tweak this... Tweak that..... Burn cash you don't have..... Raise cash and OS...
Months turn to years.... No results.
The real problem here is that MCW is at the mercy of a conservative conventional commercial bank
Which has long since done its due diligence.
Even with oil at 50 bucks , the bank
Is going to withhold financing indefinitely for fear of oil going sub 40 again. I was very leery about pursuing that route, and they are paying the price now.
These guys need to find alternative
Sources of funds or they will have to sell out or wither away.
It's unclear if they are actually producing 500 barrels a day yet , which could extend their life line with oil around 50.
This message board better wake up!
Someone on the inside knows something, otherwise, no one in tbev right mind would try and pump this stock up given its disastrous history.
Yet another equity raise today ... Slowly bleeding themselves to death..and the shareholders !
These guys are as cash strapped as you can get. What on earth makes you think they are going to make it ?
If they can't get that additional
250 bpd going, they'll have to go on a Wild dilution spree.
The Stock will be even more worthless than it is now.
There are many tiny companies with great ideas littering the road side ...and it always boils down to time an money. And this is another example of that. You're too emotional and have fallen in love with both a damaged stock and company.
Look at the news on US Oil Sands stock, very similar situation, except they have funding. Even so they had to stop construction of their test plant
Due to overall conditions.
They have a much better chance of succeeding because they have Money
To weather the storm.
There's a reason MCW is diving into the 9 cent range and could even go below the 7 cents I predicted.
There is no floor here
http://www.barrons.com/articles/SB52339111409336214409504581647252423611280
Beware of this company. They have misled investors their entire existence. They have ruined their investor class and are starting all over again after a devasting reverse split wasting no time on additional equity raises . Despite them having a great product, their sales simply aren't growing fast enough.
Stock is heading lower... 7cents looks
About right. Bad sign this additional 250 barrel a day plant has not been finished. It's critical to have that working or they won't survive.
Id love to factor that into the equation,
But they have never really touted that as the 'no brainer" option "both" you and I seem to think it is.
I find very strange that there is ZERO
Going on in Canada regarding this technology... And no mentions of it as
The first priority in their food chain.
Blows my mind that they haven't struck a licensing deal... Or for that matter, started a plant on their own there.
Accordingly, I stand by my previous post until there is reason to believe
Canadian sands are imminently exploitable.
There are major currents running against this company, which show no signs of abating anytime soon.
Despite its unique technology and low cost structure for extracting oil, the current price of WTI will prevent any institutional bank funding and any
Potential licensing deals. The profit margins just aren't there to put new money into this technology with oil
Routinely below $45.00 WTI.
Further, this company is dribbling more OS each month or two, now close to 80 million.
Expect a reverse split of anywhere between 1:5 to 1:10 by June if bank funding does not come through
For a 2,500 bpd extraction plant. Due diligence has taken much more time than MCW ever expected on this project and is further hampered by correct range of WTI.
Also, the company is too cash strapped to meet their timeline on
Finishing a much needed 250 bpd capacity addition to their current plant. If oil prices held in the high 30's
They could at least get to cash flow positive at 500bpd.
It's the worst time possible for MCW
To try and make a go of it. I also think that many conventional oil companies have found ways to extract oil at equivalent costs to MCW, so I find it highly questionable about any claim that they are the lowest cost producer in America.
They need to show that a 500 bpd plant can produce cost effectively at
Less than $26 per barrel, otherwise they are going to be stuck in this
Virtual oil producing jail indefinitely.
This company could have hit a home run 5 years ago, now it's unlikely they will get to 1st base.
I've seen enough.. I'm going to be cashing out of all my shares over the next week or so starting now. There is no home run here anymore... And if patterns hold,
No deals either. Furthermore, this company is not really investable at
400 million OS.... Nor does it offer
Any tradable opportunities anymore.
Thanks all, for contributions and good nuggets of information from time to time.
I just report the cold hard facts...
Based on this company's very consistent pattern of continually
Raising expectations and zero performance.
I'm not exactly a daily participant like you who has nothing better to do than speculate and comment on a worthless stock.
Gravity will resume on the share price
As long as this dry spell in business continues .... Legal news is over a month away, which is an eternity
For this stock.
Could be at .002 by end of March.
It will be a let down ...like always
Yeah... And look at all the great advice he and the rest of these no names
Have provided the company....but then it's more likely that Blaisure and Halpern never listened anyway !!
You could be right. Dec. 8 (day of trial)
No posts from Rorouni during US business
Hours. Rare occurrence.
They have never had a shareholder meeting.
You need to have actual revenues to warrant those
Kinds of things.
Means absolutely nothing in a sub penny stock.
It's impossible to be a chartist on a penny stock
Like this given the grave condition they are in.
It's the same pattern that got them involved
In Akyumen years ago. That company was completely
Unprepared to make phones and Blaisure was
Predicting revenues in 90 days at that time.
Everything these guys touch turns to
Shit..... Everything. These patterns are extremely
Consistent and reflect naivety,wishful thinking,
And zero aptitude for due diligence in
Conducting business.
Let's see how many of these potential deals on the CEO update
Come through ..... And if any actually do, I'll bet it's
Chump change on their bottomline.
That's even worse, because they put him on their advisory board
I
TMMI: another stock on same trajectory
As MAxd... Same story... What seems to be great technology yet No execution!
It's the same old story as the previous
3 shareholder updates spanning over 2 years.
"Shares under valued, deals in the works,
This will be the year !"
Just enough stuff to make you wanna believe
It all..... And nothing happens.
These guys talk and talk, but never execute.
It's the Easiest technology to sell.. But
Somehow they routinely trip over their own feet.
The pattern is uncanny , and it has followed
Suit right into the lawsuit. This company has a
Relentless curse on it. Trammel needs to sue
Blaisure and Halpern for "defamation of a patent"
...... If there is such a thing!!!
If only the prestigious legal team was privy
To your point of view, I'm sure they would stop wasting
Hundreds of man hours and resign from the
Case, suddenly realizing that Blaisure had
Duped them as well.
Like the guys at ESPN say..... "Come on man!"
I don't like the narrative from MAXDs press
Release based on reading this recent post.
This was serious stuff! Much more serious than
Maxd lead us believe. I mean right down to the
Wire !
I always thought that "standing" issue would
Rear its head in Germany :)
At least the price didn't drop to sub penny in one day.
Not to say that it won't. But there could be support
Above .01.
If Maxd can stay in business, and pursue this
Thing, their case could be even stronger.
Now that a superior court has validated the emergency
Arbitration, there is no reason why this "standing" issue
Shouldn't be successful in the court of appeals.
Also, the size of the potential pie will get bigger
For Maxd after all of the flagrant fouls Ms. Nash
Has committed.
But in the meanwhile, its about time for a 150-200/1
Reverse stock split given the inevitability
Of protracted lawsuit and inability to execute
Business plan.
A lot of us got lured into the potential of the lawsuit
After reading about the air tight "sticky notes".
The first warning sign should have been
Googles deft removal of the sticky notes from
The case, which didn't get too much notice.
Many people still referred to this as an asset
To MaXd even though these notes had been banned long ago.
But the real "tell" here is the quality of "company"
That Maxd keeps in business relationships.
They were touting these Akyumen and Lookyu
Deals long ago when neither of these companies were
Anywhere close to a shell of a real company.
You can say the same thing about MAxd establishing
This convoluted deal with VSL.
And look at all the rabbit holes these guys went
Down to seek partners in their technology,
Starting with Qualcomm , then movie set boxes for theatres ,
Then the automotive industry. Hell they can't even get their
Own paid app going that was due out in July!!
It's a deadly pattern of consistent failed execution.
The Google head office must be blown away at their
Good fortune and laughing all the way to the bank,
Once again, stealing their way to world dominance.
They know the the pesky little fly has been snuffed
Out. Maxd simply doesn't have the resources to
See this through. They would have to convince
Someone to front this thing for big$$$$ pie in the
Sky returns.
There is something else going on here.
Just because a psychotic bitch is meddling
Around in the German case .... Conveniently just
Yesterday, is no reason to hit the pause button.
Something smells fishy.
Something else came up that put the German case
In an untenable position.
A strategy to try and use a can of "flex seal"
To fill all the holes in the sinking US case
Is not even sustainable or possible.
Watch for an imminent reverse share split
And then more dilution off that .
IREST MY CASE:
", remember , this is MAXD here.... There is a pervasive stench
Of bad karma all over this company. You can count
On something derailing this hearing outcome.
Ive said this before, "it's simply to good to be true"
Classic example of someone way too emotionally
Invested in a penny stock.
It will be more like 4-5 weeks... Nothing will get
Done in December.
Also, remember , this is MAXD here.... There is a pervasive stench
Of bad karma all over this company. You can count
On something derailing this hearing outcome.
Ive said this before, "it's simply to good to be true that
A company who is not the original patent holder of this technology, which then
Concocts a deal to obtain all rights to it, all the while
Producing zero revenues in its core business, and sits at tens of millions
Of dollars in debt , doesn't stand a chance against the biggest giant in the
Land. Too many moving parts here for Google
To nit pick at and bleed this company to death.
And don't think just because this US case is on consignment that
There aren't considerable ongoing admin. Costs in the
7 figures to deal with as all of these intermediate filings
Continue to put a severe strain on the company. This German
Case is a huge $$ burden as well. They've tied their financial
Fait to the legal system now, as they are at a
Point where the debt is too big for any pending
Deals to make any meaningful difference on the balance sheet.
Seems like they are paralyzed already.
It will be more like 4-5 weeks... Nothing will get
Done in December.
Also, remember , this is MAXD here.... There is a pervasive stench
Of bad karma all over this company. You can count
On something derailing this hearing outcome.
Ive said this before, "it's simply to good to be true that
A company who is not the original patent holder of this technology, which then
Concocts a deal to obtain all rights to it, all the while
Producing zero revenues in its core business, and sits at tens of millions
Of dollars in debt , doesn't stand a chance against the biggest giant in the
Land. Too many moving parts here for Google
To nit pick at and bleed this company to death.
And don't think just because this US case is on consignment that
There aren't considerable ongoing admin. Costs in the
7 figures to deal with as all of these intermediate filings
Continue to put a severe strain on the company. This German
Case is a huge $$ burden as well. They've tied their financial
Fait to the legal system now, as they are at a
Point where the debt is too big for any pending
Deals to make any meaningful difference on the balance sheet.
Seems like they are paralyzed already.