Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Enph reports that they rely heavily on outside US contract manufactures. Company looks to be growing and lots of positives but I would worry that heavy reliance on foreign manufacturing is an issue. Anybody have an idea where the microinverter is made?
Yeah maybe they should start with being Able to put out a 10q without restating twice! Honestly the wolf’s are in chicken coop.
Dink company has no customers. Has one paid for test that they are unable to switch on because they didn’t even do the minimum
amount of pseudo engineering to at least make it look like it was working. . Now they use covid19 to cover for not reporting on time and take advantage of any loop hole afforded to delay. . The numbers won’t be changing from may-15. It provides Math McMullen with more time to bury all the expenses.
All small businesses getting crushed by insanity lockdowns while these Qsep managers live on like cockroaches after a 20 kt nuke strike. They just spread out repopulate.
WOW AH Friday 8K out!
QSEP will report late due to COVID-19 impact. That's the big news thanks to Math McMullen.
What the delivery mechanism or strength of the patent or even a patent # so it can be verified without running through the lawyer brothers?? No info is provided leaving investors to swallow the company line.
Another BS product that this penny can dangle like a carrot. Unfortunately 133k in cash tells the story in spades. These guys are about to dilute the base like never seen before. It’s easy to spot. I love how management doesn’t even attempt to shroud how the lawyer brothers and their families are now intimately in control of the company....but the real issue is the total lack of patent information or tech review of the company claims of its so called patchless patch...wow great marketing must have hired a high school kid to come up with that gem!
133k in cash! Past due loans collecting a fat 10% interests! Where is the topical treatment that supposedly will disrupt the market? Not a word! New facility won’t be built until 2022....here comes more convertibles that have triggers and reset clauses that will make your head spin off! Honestly I thought Imgg was a shoddy company but it feels like this new incarnation makes them look legit!
Good points but it’s not just Lane or McMullen. It’s been the culture of Qsep management approaching two decades and has also relied on shoddy scientific findings by the resident whacky professor. Temple should be held complicit...although the one sided boiler plate licensing agreement would make that a tough road.
Now and in the past, the fundamentals make no sense to invest in. Yes Lane has commingled jbl with Qsep and by doing so secured an anchor tenant and further glued his attachment to Qsep. It’s management Texas 2 step musical chairs! Every guy that steps up gets a payday while Investors are left with sticks and stems!
Dilution is just getting started. It’s what the company has been selling successfully since it went public. Doing business with Toxic lenders is just that....a death blow. No legit business needs to wholesale equity at this type of pace...and the creative reverse acquisitions and pages and pages of legal speak spell out one outcome. The common holder will get screwed. Guaranteed!! Where are the patents and licensing arrangements that this company touts as the next category killer? Can’t find a hint of it anywhere! Anyone???
This company has so many unanswered questions I’m baffled how anyone could see this ad anything more than your standard 1 billion shares OTC pink.
Enlighten me please! Where is the DD on patent for this supposed disruptive way to get high? I see no detail or patent numbers or inventor name referenced. Now they look to another reverse merger with this other company and the CEO’s brother is involved. Really?
Famous last words!
Agreed! The new lawyer CEO apparently is commingled with the other stinkie. They have learned well. Just like former found/CEOs involvement with Brain Altounian. (Pdos, wowio, alliance) who effectively embedded himself. Once these guys figured out the former CEO didn’t go to jail for misleading investors they must have figured “game on”! I do enjoy reading the constant barrage of ridiculously fluff though.
Lol loss leaders strategy”. It’s an excuse used when existing business cannot cover the nut. It’s absurd to sell for product below it’s cost of goods when there is no other plentiful high margin product available to sell? This company had 200k cash as of the last 10k and loans accruing 13% interest.,.yeah keep selling money loosing products...great strategy.
Another question is why the lawyer CEO is getting paid a salary. He and his family, brother have been given the keys to company and control the majority of the shares. All previous imgg shareholders have been virtually extinguished and you hear nothing about dominion which I’m sure is dead in the water. I hear no news on spinning that off obviously because it’s worthless. The pivot to cannabis is just another ploy to extract more investment from those not been burned by this entity.
Facts: as of Dec 2019 10k Cost of goods sold margin is negative. For every dollar in sales they have a negative margin of $1.56. This before SG&A and the basket of other interest and toxic financing costs.
Dude..the company is a reformation of dog crap with a management team that now makes the former imaging3 CEO look like a straight shooter. Honestly...it’s a human comedy how these pinks continue to extract money for years!
The same was said each time Qsep increased its authorized and then gleefully added preferred stock as if that would make all the difference. Each time those dilutive actions were passed with little problem as pundits were absolutely sure that new management were on the right track. Company has not had a financial plan since day 1. Just fluffy promises...build the magic white pipe and they will come! Old adage “Fool me once shame on you fool me twice shame on me...”
A Reverse acquisition or some other creative reformation will be the next step in the Qsep saga.
Only a few have converted to the dark side. Look at how many passes previous CEOs like Kyte, Bigger and then Lane got! I didn't see any real major investor dissent for the last 5 years while management was spending every dime they could raise mostly on SG&A. For the most part, each was embraced as the new guy that would get it done. None addressed the financial side of the business. The money burn and accelerated dilution has been evident for years. It was completely ignored and even ridiculed when brought up. It's as if managing QSEP cash resources was not a metric used in the OTC. This gave confidence to management they could get away just about anything. QSEP CEOs and CFO have been allowed full control of the coffers with little dissent. They also have commingled assets with the now former CEO. This was also highly unusual and I didnt hear a peep of concern.
It’s the story of this company in spades. They have been under reporting the real cost of doing business for years by saying there is no rent then announcing a little bit of rent and now it’s 5k a month rent + nnn for small little Texas corrugated warehouse and yard. It’s not even Houston! .04 will look like the great pyramids of Egypt in comparison to future prices after months go by with nothing to report! It’s amazing how investors continue to praise this company when all they have done is spend money and botch every opportunity they are given or had to pay for to prove its high school experiment.
Wow...ineptitude at major scale.
Something up here...have to believe there is some connection to the current pandemic...maybe indirectly with the rumors that China is aggressively buying up US biotech companies.
So much for the FOMO play!
Yeah I’m wondering this too!
Earlier post that saw this coming!
Re: mr_sano Post# 49562
I’m feeling another management shakeup could be brewing... but where or where will Qsep go? They are glued to Lane who is landlord of Qsep hq and great white pipe storage yard. He of course can just move laterally. Maybe the last consultant they hired will be promoted. It’s a revolving story.
It’s a giant sh*t sandwich! I can believe how many hall passes Qsep gets! It’s freaking amazing.
Of course he did...got himself an anchor tenant that covers the prop tax as well. Sweet deal got paid to spiff the joint up while the crack engineering team botched another go at it...how ridiculous this story has become! .Kyte, Bigger, Lane...now another guy that will get it done.
That’s an insult to rats!
Comatose cat bounce
10 tidbits
“
Many many many companies burn through a hell of a lot more cash than QSEP in an effort to develop a product, and attain adoption of their product into an industry whereby, if they are are successful will reap massive revenues. Investors from Silicon Valley to small inventors trying to create a new product spend billions and life savings in order to accomplish the same things that QSEP is attempting to do.”
Absurd...$110M flushed down the toilet...largely spent on Sg&a with zero sales and no active strategic alliances other than the current debacle which they had to pay $500k to play ball.
The consumption of cash at a rate of 8k a day for company smaller than a liquor store is real and not simply something every other company does for 20 years without one reoccurring order. Then there is the numerous payouts to ineffective executives that continued today. New management group has been in position for 3 years and they can’t even turn it on! Yet...they have blown every timeline they have put up. Corona gives them
Honestly a majority of those with even a limited understanding of how business operates would arrive at that same conclusion with a simple cursory examination of Qsep horrifying disclosures! Comparing Qsep to silicone valley tech company is even more absurd. Qsep is not even close...whacky Tao as figured head...lol! No way no how.
“
As I’ve said many many times. QSEP is a lottery ticket, and if one doesn’t want to play the lottery than don’t play! No one is forcing you to invest. Making old claims about how much cash has been spent is completely meaningless. That cash has been invested and sold in the market (likely for a profit) many many years ago. Issuing stock is how companies fund themselves. And QSEP will continue to raise money and find themselves as long as it takes to thoroughly see if this technology can be developed or not. We are close to knowing”
Now it’s lottery ticket....lol! So much for the game changing disruptive technology company that been touted for a decade.
KInda silly overpaying for a shell but who knows what they got cooking. The restaurant magnate must be rethinking his investment at this point. These might be fairly successful people in their own lane but have no business in the oil and gas technology sector. How they find these guys is always the most fascinating thing about QSEP.
They can’t pay anything especially given current events.
The company burned through 2.7M dollars in 2019 which translates into 225K every month OR $7500 every day 24/7! QSEP will need to find willing participates to buy 4.5M shares every month just to keep the lights on. If they get through this one...they should scrap AOT and just write a "How TO"
book on raising cashing through convertible notes. Its what they do best as a company.
Oil storage facilities are full. Pipeline companies are using covid19 to opt out of contracts as customer have no place to store all the production. Even if Qsep products actually worked ( they don’t) they are now irrelevant at $20 per barrel. This is why the years of out of whack spending on SG&A were so important.
Nope don’t own a share of this dog excrement...sorry but I do admit deriving great entertainment value from listening to the cheer team latest theories and misconceptions that are actively floated each day for last 10 years! All aimed at separating unsophisticated investors from their cash.
Besides like Alfred E. Neuman...
“What me worry?” Lol!!
Laughable...nobody gives two hoots about these small insider buys. It is entertaining listening to the same promises year after year...If these guys were actually competent pros with a track record of high quality engineering then MAYBE a case could made...Qsep not even close. They would bungle a yard sprinkler installation! 20k buys only a few days of operations...yet the victory flag gets run up the pole with great fan fare. Seriously...the cash burn is a know quantity and does not require a quantum computer to calculate. Management has no choice...they must self finance because no legit investor or strategic partner is going to put dollar 1 into this college experiment that’s been one disaster after another. Yet the ruse continues. At the end of the day, they must prove its claims unequivocally. That is the problem. When Qsep is pressed to demonstrate efficacy...the wheels come off the bus.
Wow....a whole $3K buys QSEP an additional 1/2 day of operations. Not going to foster much confidence given the crisis in the markets. I would expect a reverse merger soon with a company looking to go public. It is basically the only thing left.
“
It is powerful, directional, and maybe more efficient in the long run. I am no Einstein but it seems obvious that microwave energy would be the most efficient and cost effective way to heat the oil in the pipeline. “
Qsep and Tao claim that heat is not the viscosity reducing mechanism of the great white pipe. They claim its the magic clumping which result from running an electric field in a longitudinal aspect within an ever changing viscose batched oil flow.
I would agree though...heat was always in my mind the only legitimate explanation for whatever Taos found in the lab.
Btw qsep hired a UCSB Legit fluid dynamics prof to study this very idea after seeing “excess heat” from one of their devices. Then came joule heating!