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Sure it will. Just like DVIS was going to disrupt the medical imaging technology. The reality is the ticker change is meaningless. Another tool for sketchy penny stock operators to re pump a dead company.
Massive...lol! A measly 500k for a supposed disruptive oil tech company on the verge of changing the entire world oil transportation methods and would need 10s of millions of dollars to be small
Player. Qsep is a big shell game and only a select few are going to benefit. Realistically anyone that’s been recommending Qsep for years has been flat wrong on every call. It’s actually funny omg hearing the same promises repeated year after year.
This company is one failure away from oblivion so this current pump scheme will never admit defeat like all previous management has successfully done. Investor will hear about who visiting the site...who is considering deployment...or how everybody is so excited....but ongoing orders and sales will not come in 2020. I doubt anybody the super pundits will make that call.
Coulda woulda shoulda...any accumulation would be as visible as a 100 megaton nuclear blast. There is no legitimate industry investment in Qsep only paid participation and individual financial players. After a decade of pitching AOT the number of strategic relationships with actual clients remains at zero.
There is no question that Qsep has learned how to put its lipstick on and keep alive for all these years. Too bad that’s not among the key metrics most investors look for.
Actually there is still a sign on the property which is puzzling to say the least. Google maps shows it just to the right of the EMP sign which appears on the Qsep building. I was unaware that another Corp resides in Qsep hq! Nothing like like having three entities commingled together. This penny has more surprises than April fools day!
“Final installation of the new power supply in the modified cabinets should be completed next week upon delivery of the final components required to complete the electrical connections and control interface. Assuming these final components are delivered on schedule, we remain on track to complete recommissioning of the AOT unit and resume demonstration testing before the end of this year."
So they reengineer the internals and get a new high capacity power supply but now await a connector! Lol!
Saying “it’s going to be good” based on fluffery is standard operating procedure for zombie penny pumping. Management been playing that card for a decade. So excuse me if I’m not jumping up and down because there are lines forming outside of some dispensaries.
No disputing that original shareholders got shafted for years. Now it’s going happen again! Typical lifestyle penny that puts on a new suit...distancing themselves from a federally regulated legal business to one that in limbo land. Where I live, (Cali) dispensaries last about 6 months before they get shut down.
Superman and Krptonite are for comic book fans. Investors care about profits and growth. Extrapolating how much business they could possible do based on some sq footage of warehouse space they have in the desert is a disaster waiting to happen!
If these two lawyers brothers are so slick and connected then why not just raise the money privately???. Much less scrutiny...especially given the imgg bankruptcy and past myriad of sec issues.
Signs been on that parcel for while. Now that Lane has an anchor tenant in Qsep which is willing to pay for the entire parcels prop tax liability and also pay rent...what a perfect time to unload!
Looping gifs of official looking fiddling..is why Qsep managers are worth their weight in Texas tumbleweeds!
I wonder what the next excuse will be?How about Aot worked so well that the chemical additive and diluent companies have actively subverted Qseps attempts to gain market ....or
as the wizard Tao mention in his API presentation that TCP) engineers didn’t understand the results they there were seeing! Yeah....that was a good one! Let’s bring that one back! Always makes for a good chuckle.
Apparently AOTs stupid name hasn’t been changed yet...that will be the major milestone of 2020 along with the promotion of all the customers they have lined up to view the rigs operation...all of them will be flying in from various third world locations. Meanwhile US customers will continue to balk!
Top Five blown Timelines!
December 6, 2019
“Assuming these final components are delivered on schedule, we remain on track to complete recommissioning of the AOT unit and resume demonstration testing before the end of this year."
<<wouldnt hold breath>>
Nov 15th 2019
“The new power supply has now been built and quality-tested at the manufacturing facility and is scheduled for shipment to the demonstration site by the manufacturer in the next few days. With this delivery, we remain on schedule to restart AOT demonstration testing before the end of the year."
<
2019Q2
Repairs to the power supply were completed in early August 2019. We plan to install the repaired power supply and test the AOT unit at higher power in August 2019; however, based on recent laboratory tests, we expect conductivity of the crude oil to inhibit the AOT’s ability to reach sufficient voltage to fully treat the crude oil. We are also working with the power supply vendor to assess power supply configurations to increase the power output and to match a new power supply to the design of a new grid pack and the target oil. We are also working on modifications to the internal configuration of the AOT grid pack to reduce power requirements when treating highly conductive crude oil. Once we complete the next round of full-scale testing at the demonstration site, we will determine if modifications are required. Our next course of action will be determined at that time. Based on current plans, required modifications, if any, should be installed and ready for testing in the fourth quarter of 2019.
<<“commence testing 4th quarter>>
2019Q1
While management focused on finding a partner and finalizing terms of the demonstration project, our engineering team worked throughout 2018 to improve our AOT design and prepare one of our inventoried AOT units for deployment. All system upgrade, inspections and testing protocols were completed in December 2018, and the AOT unit is now ready for delivery to the demonstration site. The pipeline operator finalized site selection and began site design and engineering in January 2019. We shipped the AOT equipment to the demonstration site in April 2019. Based on the most recent project update provided by the pipeline operator, we anticipate installation to be completed in late May 2019 and anticipate demonstration operations to begin early June 2019.
<<begin demo early June 2019>> Blown Top 5
2018-10k
“Plans moving forward are centered on achieving commercial adoption of our AOT device leading to sales and revenue in 2019. Over the past year, we have met with many industry executives who expressed interest in AOT subject to seeing and evaluating commercial operations and data. Assuming successful operations, the demonstration AOT project should provide data requested such as real-time changes in viscosity, pipeline pressure drop reduction and increases in pipeline operating flowrates. All collected data will be normalized such that it can be used to evaluate the financial and operational benefits across a wide range of commercial operating scenarios without disclosing confidential details of our demonstration partner’s operations. We believe that real-world data from our proposed pilot AOT project may be used to accelerate our desire to achieve commercial adoption of our AOT technology, positioning us to re-engage with industry executives, targeting sales in late 2019.
Based on the most recent project update provided by the pipeline operator, we anticipate shipping the AOT equipment to the demonstration site in early April 2019, with installation to be completed in late April. We anticipate demonstration operations to begin early May 2019.”
<<DEMO TO BEGIN Early May-SALES to follow in late 2019>>
Blown timeline#5
From October 2018 update:
“
Although final project terms may vary from those described in the current statement of work, we and the operator have a general understanding that, subject to the execution of a definitive agreement, the demonstration project will operate under an initial term of 36 months, targeting installation in December 2018”
<<Installation demo site Dec 2018 >>
Blown timeline#4
From May 2018 update:
We are continuing to make progress on our 2018 targets for the installation and operation of one or more demonstration projects, with four customers at the site-location phase. In addition, we have begun to build supplemental relationships outside of the midstream market, with gaining interest in trucking and ocean shipping. Once again, we thank you for your support and we look forward to a great year.
<<on track for 2018>>
Blown timeline#3
From March 2018 update :
“I would like to update you on progress we've made since my previous shareholder update letter. In January, I described three prospective customers considering AOT pilot programs. I am excited to report the first of these three potential pilots has received preliminary approval and has moved from concept to planning phase, targeting pilot installation in July 2018.”
<<Demo site date July 2018>>
Blown timeline#2
From Jan 2018 update:
“Based on current timelines and discussions, we are projecting installation of our first pilot test in Q2-Q3 2018, followed by 30 to 60 days of testing to be completed by the end of Q3 2018. Subject to successful testing, we would execute definitive agreements to sell or lease equipment for the expanded rollout as defined in the original LOI in Q4 2018.
Based on current discussions with prospective pilot customers, we believe this schedule is achievable, putting us on target to begin commercial deployment by year-end. Armed with pilot project data, we should be positioned for accelerated sales in 2019 and beyond.”
<Q2-Q3 2018 deployment and Sales in 2019>>
Blown timeline#1
Today confirms nothing more than QSEP officers discovered how to make a looping GIF and print giant AOT stickers. It does make for a great Movie prop showing actual fiddling.
A tube within a tube and the rigs orientation shows they are still fighting against conductivity issues. At this point, they have not demonstrated the engineering prowess to solve the pipes on-off operational issues and all of the previous promoted "Value" engineering changes have been ineffective.
At a minimum, QSEP needs to turn on the device and run it for 3 months. No way around it AND no way they can report any measure of efficacy this year. They are still awaiting electrical parts and AOT "might" turn on for the remaining week or two in DEC but that is nowhere near a field test by any stretch. Management wants 2019 over and they are gearing up to fluff the peacock. I expect investors will soon hear about every nut and bolt being tightened. This will be the signal that all is not well. QSEP will come up with lots of fluffery but 2020 will not bring orders or adoption of the tech.
Note to managment...stop slapping backs and thanking this consultant or that until you get a result everyone would believe.
Today confirms nothing more than the fact that QSEP officers know how to make a looping GIF! A tube within a tube shows QSEP is still activity fighting conductivity issues and they have not solved anything until they can at minimum run it for a month or two. Good god.
Note to managment...stop slapping backs and thanking this consultant or that until you get a result everyone would believe.
2.7 years into Lanes tenure as Ceo and landlord...they have blown every estimate they put out. 5 months ago Lane said this was just a “short term” setback! I would hate to see his vision of a long term one! Maybe it’s 20 year and another 100 million Dollars up in smoke!
Yeah I have heard that excuse and always wondered what the tech wizards at QSEP would consider a "sufficient electric field". It sounds like its some impossible combination of Amps and Voltage that provides the magic for the AOT. Or...is it the magnetic field which is induced and how it twists and turns within a flowing high pressurized fluid. Completely chaotic. The list of excuses why it didn't work this time just got a little longer.
He is the GRN guy...right? Love how he said he was “flattered” by the Yourist brothers invitation to join the family! This crap never stops in the OTC!
Management must be getting high on their own supply!
Seriously 18k in cash with all sorts of creative financial deals. This 8k might be referred to as “ Super” but like it has been noted it’s all bad news! At least Deano released his disclosures on time! These guys make him look like a seasoned CEO of a Fortune 500!
Riddle me this...why does a weed cultivator extractor even want to be public??
It means this Chicago sentinel
If that’s even legit, is now taking advertising “stock awareness” reports just like good old Don Ballargeron from Money TV. This is a zombie pump...but very little blood can be extracted from a mummified body.
Qsep has 5 of these glorious magic pipes and only one is at the new site. The company has not actually admitted the KM failed test unit has been returned but everyone knows it has! So they they 4 units which are collecting tumble weeds either in Tomball or some other paid for storage facility.
“What's far better with the AOT also is that it allows for potential per barrel revenue subscription model that creates a stream of recurring revenue.”
That’s called a “business” with sales that exceed costs. Nothing novel about it and note Qsep has never been able to achieve anything close for any product it thought it could sell. Just because they cooked up some smarmy toll booth billing system doesn’t mean the technology
“
With the AOT basically at a fixed cost to QS, the AOT will be a money printing machine when it gets sold. “
Unfortunately the “real world” doesn’t work that way. Even if some outfit somehow agrees to this whack toll model the equipment fabrication, installation, maintenance and repair is all on Qsep. That would require a crew of fully equipped infield techs ready to respond on any problem that might occur. Given the companies continuous year after year failures this is a crazy idea. Then there is a durability issue. AOT vessel and grid pack may degrade much quicker than anyone anticipated. No real cathodic evaluation has ever been run because they have only a few days of total combined testing. So while the fantasy of “printing money” is a great optic to serve up ...it has little to do with the claimed technology that Qsep says it possess. So far they are 0 for 3 and it’s the bottom of 9th.
Ha! if you change to the goggle map top down view, one AOT is diagonally positioned in the small yard. The new addition is visible and will never store 4 units anytime soon.
“
Best part is things haven't even started yet. Lets get that power supply and get this turned on and humming. Could be a good next 6 months in this stock. Bunting obviously thinks so. “
It’s not just the power supply it’s the physic defying claims of efficacy that is problem. Add inept management with a dash of poor engineering and you have QSEP. Heck it took a decade to change the stupid corporate name. Company has been fiddling with power supply and conductivity issues for 7 years! Management reported they solved it but Tcpl didn’t give a crap. Then when KM failed because of conductivity issues they reported they solved that issue as well. It was BS.
As far who’s buying ...nobody cares about insider buying at this level with a nano cap with no revunues. That’s apparently the only thread of hope. But the reality is Qsep has a total lack of strategic partnerships with zero active presence at any energy trade events here or abroad. So no they are not just starting out and clearly qsep have accomplished very little in close to a decade of trying. Nothing is different today. Just another company directed and paid for test that they can’t even turn on. Yet it’s spun as if qsep had an actually say in whether they had to pay$500k to pipeline operator. They implied that the intentionally structured it that way! Again nothing has changed.
“There are many investment firms, funds, institutional investors and family offices watching this stock to see if they make progress”
Another great white Pipe dream! None of these investors will touch Qsep with with a fully equipped radiation suit!
Exactly! The commingling of the CEOs personal property with Qsep is an E ticket for all kinds of creative tomfoolery!
“
Spending was higher under Bigger and lower under Lane. Spending is always going to fluctuate from year to year. To insinuate that current management is spending irresponsibly using your limited data points is ridiculous. “
Irresponsible spending is the only thing qsep is actually good at besides opening the vault and wholesaling its shares. The irresponsible licensing deals that continue to bleed the company today never get solved no matter who is in charge. Now at 1M past due they collect a fat 100K in interest annually while each year adds another 187K in additional maintenance fees. The majority of which is is for a fuel injection aftermarket auto attachment that has been panned by everyone that has seen it. This interest and yearly maintenance fee now totals to over 20K a month without even touching the past due principal! Add everything together and qsep is hemorrhaging...any other characterization is simply not true.
Speaking of limited data points...it’s been the entire premise of every Qsep pseudo product they attempted to sell. They hide behind the fluffy promise of “disruption” and “ innovative technology” but the results always have some convenient excuse for not working! Yet as tests failed and potential customers walked away , the company spun it up as huge positives right up until the end. That core mentality has yet to change with any management team brought in the front foot or back.
Btw speaking cherry picking data here’s is good one:
2019 set a new record with over 50M shares issued in just 3quarters. Way to go team! Keep those numbers rising!!
"The most recent year (2019) is slightly lower than the average. To characterize 2019 as some blowout spending year is a big fat whooper."
Cash used in OPEX average Monthly
Q3 2019 $2,280,000 $253,333 9 month
2018 $1,098,000 $122,000
2017 $1,786,000 $148,833
2016 $1,676,600 $139,717
2015 $2,590,457 $215,871
Not to much to argue. Q reveals the story by following cash...which like Elvis always leaves the building!
2019 9 month Net Cash used in operating activity is (2,284,000)
2018 9 month Net Cash used in operating activity was (1,098,000)
208% increase year over year. It’s no wonder company reports only enough cash reserves to funds operation until Jan 2020.
Restricted stock for a penny like qsep is just another BS ploy by management to try to spike the punch bowl! It’s absurd to focus on these points when the main technical issues and history of management ineptitude and execution failure are the 900 lb gorilla in the room! Another continuation of the same old concocted story. Minimize the technical information to investors in favor of these type of releases.
It’s no surprise that Qsep hires the latest new guy on the block to be the latest version of Tao and try to rub the 20 years of accumulated stink off the company! Laughable! Apparently he ain’t working for free or for some paper promise. He requires cold cash which once again is being consumed at alarming rate!
Good catch now qsep paying lanes prop taxes...I doubt qsep will be letting him go anytime soon. I wonder what else is thrown in the pot!
“Operating expenses were $493,000 for the three-month period ended September 30, 2019, compared to $431,000 for the three-month period ended September 30, 2018, an increase of $62,000. This is due to a decrease in non-cash expenses of $16,000, and an increase in cash expenses of $78,000. Specifically, the increase in non-cash expenses is attributable to decreases in depreciation of $2,000, stock compensation expenses attributable to the fair value of options granted to directors and employees of $13,000, and expenses attributable to the fair value of common stock and warrants issued as compensation for services of $1,000. The increase in cash expense is attributable increases in consulting fees of $45,000, insurance expense of $26,000, office expenses of $2,000, investor and public relations of $14,000, rent and utilities of $11,000, and travel expenses of $9,000, offset by a decrease in salaries and benefits of $6,000, legal and accounting fees of $21,000, and other operating expenses of $2,000.”
Apparently CEO rental agreement for his building just got bumped without reporting it! 11k increase!
Wow..how this management team twists and turns events to utterly confuse its investors. Qsep conflates a damaged power supply with oil conductivity while adding re-engineering of the internal anode /cathode treatment chamber...essentially throwing out every kitchen sink of an excuse they can muster up! Now the CEO after several years of taking a paycheck and rental income plus the added benefit of commingling of expenses suddenly agrees to no salary for a whopping three months! Wow send up the red flares!! How about letting the common holder in on the terms and structure of said restricted shares? CFO also gets another 3 months employment reprieve as he operates out of his wet bar in California! Notice he took no pay cut and it was he who rubber stamped Bigger’s employment renewal and subsequent severance payout!
The fault is with the AOT design and assumptions
1. Inserting a charged Cathode/anode array within a high pressurized turbulent flammable liquid is an inherently dangerous proposition.
2.The entire premise of AOT is that the feedstock acts as a Smart Rheological fluid and behaves oppositive of what is generally observed and used by industry. Positive Smart Fluids exhibit increased viscosity when charged and is used for shocks dampers etc. AOT claims that the everchanging batches of viscous crude flowing through AOT can suddenly be transformed into the Negative Smart fluid version even though no commercial application exists today. In any event, positive or Negative smart fluids would be manufactured and engineered under tight controlled lab conditions and didn't just come out of a hole in the ground.
Thanks ND...’might take you up on that someday. I still don’t get why you are playing with this dog year after year. Honestly I know a lucky few made some serious dough and I hope you did and or gambling with house money but the stink is hard to wash off here. Maybe cannabis is the solution for imaging3s money woes but it won’t make Dvis suddenly viable.
Just kidding I gave you a pass..
Dj had lots of help and is still a major shareholder of this dog. He is active don’t kid yourself. If a cannabis company is cash flow positive why would they need Imgg. This is simply financial engineering
Didn’t hear any complaints when I published the FOIA that exposed the ongoing lies and deceptions that was essentially managements license to steal! Remember that bottle you forgot to send me?
Yeah like management has ever told the truth... please! Dvis died years ago and will require more than a 510k process to pass through the FDA...this will cost millions and no way do they have that kind of cash to throw at this device. Cannabis is the order of the day for these guys now.
“
Perhaps Zefs1017 one of our fellow shareholders that attend the next AGM could ask why progress reports have not yet been possible.”
10-Q out next Friday. Any “updates” would be there but the company told everyone in no uncertain terms that they are redesigning the internal “grid pack” and power supply which after a decade of modifications translates into: “Houston we have a problem”!
So Halo is now a one horse outfit and the pps rises?? 350M buyback seems to be a questionable use of funds given the failure of the PH3 and closure of the oncology efforts. Feels like financial fluffery to me but it would not be the first time a pharma has fooled me. It’s been good ride with Halo but time to trim the position!
Nada...continuation of cash combustion and dilution laced with fluffy optimism!
10-Q due the 15th. Investors will get boned then!