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The shell at this moment might be worth a few pennies per share but without clear cut no BS proof of industry adoption by at minimum “several” key players in the field, there can be no sustained recovery. Water always finds its level. Qsep has fumbled so many times that they are now caught having to pull a rabbit out of a hat in a depressed oil and gas market that’s not about playing around with BS half baked energy saving devices. After a decade of hiring engineers, paid consultants, third party testing and whacky professors this is the result!
It’s has been around for decades in electro static dewatering and desalting. This type of separation equipment was even compared by Qsep management to the great white pipe in a vain attempt to illustrate reliability. Problem is the oil and gas has spent billions refining technology while Qsep throws darts at the wall.
Please...”willing to go forward”. Talk about internet experts! $500k was prepaid to these willing participant and more will be required if Qsep wants this entity to continue to play ball as I’m sure they will need a whole lot more! The initial agreement had to involve renting the facility for at minimum of 6 months! Qsep will need to come up with another war chest just to keep whomever from booting the Aot back to Lanes back yard at Tomball with the other relics and failed experiments.
It’s unbelievable how anyone could find a spec of positive news in this release. They have said in no uncertain terms that this technical problem remains undiagnosed after it was claimed to be solved right after the Tcpl and KMI debacles. So...this result demonstrates the perils of submitting a college experiment not ready for prime to an industry that requires robust engineering and reliability. The Great White Pipe..can’t even turn on!
Wow didn’t even take 24 hours to hear the “we are fine” excuse as if certain investors have a done super golden conduit to management
Bloodbath has been ongoing...investors are now trapped. Honestly, the entire concept for which this device is based is inherently flawed from the getgo. Tao built a whole career on his scale model lab test. This is what happens when shoddy science masquerades as a legitimate process. I wonder why no response from the high flying consultant that was advertised as the fluid dynamic GURU.
Dude...sorry to say the Qsep warning signs are so large they have been visible from space for a decade.
Absurd evaluation of current pipeline technological state of the art. Qsep has not proven its tech nor is it disrupting any current method or industry anytime soon. In fact...Qsep can’t even turn on its Magic Pipe without it acting
“ erratically” and takes months to react to these intimated “simple fixes” Thank god Qsep executives are not in charge of Missile Defense!
Must be the deplorables ringing the Qsep register! How dare them.
Sell to buy ration 23 to 1. This is a major liquidation that started weeks ago.
Wheels officially off the bus!
For sure!! They are experts at selling convertibles to God knows who!
Qsep has tried to commercialize a Lab effect which only Tao can duplicate. Current products are based on Taos 2006 paper which represents 14 years and 2 months of abject failure! During this period the company did four major management resets, formed a blank check company under the direction of the current CEO but was unable to produce a single viable acquisition other than finding a lease site for QsepHQ and the Great White Pipe Storage yard! Not to mention the complete failure of commercialization of any Fuel injection or crude oil viscosity reduction product.
Yet... every day it’s is repeated how the tech is sound and proven.
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.
Today’s end of day tape painting will rival Picasso finest!
Companies that are experimenting with product development do not report every bend in the road...(without actually releasing info) especially a company that has never shown its product do what they have claimed for two decades. Only companies interested in selling paper will resort to these pseudo updates.
Same story different wrapping paper!
Agreed...or just reverse merge with some weed company looking for the next hype product.
Along with the decades-long combustion of cash. It's amazing. Any private company would be toast after throwing darts for a few years. Nevermind 2 decades!
MONTHLY CASH BURN
2019Q3 $2,280,000 $253,333
2018 $1,098,000 $122,000
2017 $1,786,000 $148,833
2016 $1,676,600 $139,717
2015 $2,590,457 $215,871
The numbers are pretty clear. This is what QSEP does really well.
Year added % change
2019Q3 303,000,000 48,802,000 19.20%
2018 254,198,000 19,221,093 8.18%
2017 234,976,907 42,145,097 21.86%
2016 192,831,810 9,000,233 4.90%
2015 183,831,577 2,803,333 1.55%
2014 181,028,244 4,785,427 2.72%
2013 176,242,817 32,575,247 22.67%
2012 143,667,570 29,394,100 25.72%
2011 114,273,470 22,820,276 24.95%
2010 91,453,194 20,163,798 28.28%
2009 71,289,396
share price EOY share s i/0 mkcap
2009 0.55 71,289,396 $39,209,168
2010 0.54 91,453,194 $49,384,725
2011 0.37 114,273,470 $42,281,184
2012 1.1 143,667,570 $158,034,327
2013 1 176,242,817 $176,242,817
2014 0.42 181,028,244 $76,031,862
2015 0.19 183,831,577 $34,928,000
2016 0.05 192,831,810 $9,641,591
2017 0.18 234,976,907 $42,295,843
2018 0.09 254,198,000 $22,877,820
2019 0.13 303,000,000 $39,390,000
Doubtful...I’m guessing 10K will drop way before any definitive news is released. When investors see how quickly Qsep has burned through its capital it will be another rush to the exits..especially given the fact that years have elapsed under the much heralded “go team” which in the end will be the same as all that came before.
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The answer to that is to go back to the older design/unit. The original design/unit is much more robust and they had no problem with things breaking during installation.”
Failures across the board at Tcpl and KMI would not be characterized as anything but “Robust”. The answer unfortunately is to get out of the hardware business and do a reverse merger with a private company that wants to go public.
Seems to be the rage these days for terminally ill pennys. Qsep can extract another few years of operations until they can cook up a new story. Would not be surprise to hear the great white pipe IP can also be used for CBD extraction! Lol!!
Well tpsully Qsep by its own updates have indicated that thud “pay for” testing on a crude line is somewhere in the Wtexas eagle ford basin. This is supposedly the sweet spot for the magic white pipe. Since previous testing situated this device at pumping stations then logically it follows this would be the same setup.
I have no clue where or with whom it is situated but honestly it doesn’t matter. The fact that they are reporting every little blip of info tells the Qsep story in spades. They flip flop from non disclosure to full disclosure but say nothing in both cases. Company is good at raising capital but have not proven its ability to engineer anything of value nor does management provide any reasonable projection of a timeline and ROI. It’s all just hope and dream!
The question of :
A. Do they have a product
B. Can Qsep make money from this product
Has not been answered to any degree of satisfaction.
Electric “supply” is not an issue. The site is presumably a pumping station which has plenty of power to supply large multi site 6500 Hp centrifugal pumps. These sites have huge 15-20MegaWatt transformers and also generate their own power by using nat gas systems. It’s simply an excuse to confuse the investor base into thinking it’s just an easy fix...glassman power supplies have “off the shelf units” that can power any physically possible combination of current and voltage. Qsep should pick a another excuse...this one has been shredded. Now...the engineering of the internals is another story. Qsep really never put the kind of dollars into R&D they simply just claim they were doing it. Mostly they paid themselves and burn cash on overhead.
Weed OTC musical chairs!
Aot has been around for a decade. It’s based on a concept and theory that’s been around for much longer. Modern Industry does not take a life time to adopt a supposed new technology that has been claimed to reduce costs, oil viscosity, drag, turbulence whilst simultaneously saving the world to boot! Honestly Qsep could go to zero and it’s pundits would be stoked!
Saying the company is closer this time than any of the numerous times it made false claims before is simply a recipe for disaster. Which btw is this years Qsep main course.
Same old tactic different day. Give out little tidbits and all will be well and to your point, continue to utilize these legal instruments to prevent disclosure. Heck it could even be bad news! It’s not like Qsep hasn’t been flogged in public before. They screw the pooch every three years like clockwork!
They paid 500k so It must be somewhere but that’s been par for the course since day 1...to guess where o where is the the Great White Pipe head now???? Even when they told us where it was qs never revealed efficacy as that would breach the sacred bounds of the numerous non disclosure agreements in place.
This is a never ending story that gets played and reset each few years.
The human comedy of it all is that the excuses and delays will be met with open arms. I can hear it now. Oh they said it works better than before just a small problem with it shorting to ground. If we can turn it on....we will all make millions! (INSERT PICTURE OF THE MAGIC WHITE PIPE WITH BARRELS OF DOLLARS FLOWING OUT!)
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We will re-assess our demonstration project test plan after completion of the inspection, investigation, and testing procedures described above, but, as you know, we can provide no assurances about the outcome of our investigative and re-assessment efforts. We will continue, as always, to provide progress, plan and schedule updates on this web page.”
Another really lame excuse and another top contented for all time best blown timeline. I wonder how much more pain this dink company can keep dishing out. I can’t wait to hear all the reasons why they are still moments away from disrupting conventional pipeline operations head to toe! Always makes my day. ??
Can’t really say...I think he got caught up by the idea of being the CEO of a public company as forgot about his fiduciary duty to produce a viable business.. His involvement with Altounian was the companies final downfall. That guy broke every company he was involved with.
Patch less thc patch...such innovation...But any drug delivery would need FDA approval and likely clinical trials unless its topical. Another gimmick penny that trying to bury its past with the latest fad. This make Dean Janes look like genius.
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Results will be instant, viscosity can be measures anytime downstream of AOT.
Previous Pilots have shown the upstream pump (Transcanada Keystone Pipeline) pump station 29 was turned down 72% to move the same volume of oil, that was within hours of AOT being turned on. “
Tcpl was terminated with 90 days of 6 month term with options to extend and buy. If any result they claimed actually was true then aot would be pumping away today on that line. Instead Tcpl yanked it off the line with less than 36 hours of total field testing and both parties mutually agreed the test was flawed and was inconclusive. Tcpl promptly return the unit where today it’s rusting away in Tomball along with three other units. That still didn’t stop the company’s scientific figurehead to hit lecture circuit and present this fabrication of reality.
If profitability was based on only company claims then Qsep would be winner...but it’s simply a pipe dream with no basis in fact or substantiated proof of efficacy. I wonder what the excuse will be next! The concept is dangerously flawed. Again flowing high voltage through a flammable liquid under pressure is pretty much a disaster waiting to happen.
Any field test of industrial pipeline components, especially one with a high voltage current flowing within it, would take at minimum 3-6 months of testing to verify results. The suggestion that results will be known within a week or two ignores the actual safety and durability protocols of domestic pipeline operators.
Lol...now Qsep is using weather delays as an excuse to blow another time line.
Yeah that will do it! Forget about standard financial metrics just rename the ticker and company name to erase the decades of stink and presto...all is forgiven....NOT!
8 million shares in 45 days! That’s a run rate of 64M for 2020. The dilution train just got an upgraded Mclaren v12!
Lol...welcome to January 2020!
“In addition, the Company's independent registered public accounting firm, in its report on the Company's December 31, 2018 financial statements, has raised substantial doubt about the Company's ability to continue as a going concern.
At September 30, 2019, the Company had cash on hand in the amount of $505,000. Management estimates that the current funds on hand will be sufficient to continue operations through January 2020, or, subject to actual costs incurred implementing design modifications to our AOT demonstration project described in Part I, Item 2, October 2019.”
It doesn’t get any clearer than reality which has shown that this company is an object failure at getting to step 1 in a 10 step process. I remember how I was laughed at for posting in 2014 that Qsep was years away being in a position to sell dollar one. Well they are in the same boat today 6 years later!
I wonder how that “resuming” testing before the end of the year is going. Another blown timeline...no problem.
Dude...responding to emails is how these guys keep the money flowing in. When push comes to shove the disclosures always reveal the reality that this company with whatever name they call it will continue to loose money and fleece investors. Cannabis operators don’t need to be public and combining with another digsh*t penny is even more insane. Honestly...it’s amazing how many extra lives these zombie pennys get. It’s like whack mole. They get smacked into a hole but re-emerge with a new winter coat!