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Explains nothing. I’m not short and it’s silly to discuss any bias especially since qsep has been routinely hyped with fakes results and deceptive disclosures for over a decade. That behavior continues today. KMCC contract is a prime example.
Bottom line the company science is easily debatable...managements effectiveness at delivering a real legitimate business has been deplorable by even the most generous standard! If that’s a negative bias...then so be it!
Dude...not short on Qsep ever..only sell puts on real companies to get paid while I wait for the entry price I want. Qsep margin requirements to short make it unattractive at any level. To short a mere $1000 of qsep paper would require $25k in margin.
“
my investment in apple at 10 dollars was supported with information,study,trending tech and faith in their business model.................this allowed me to play with this type of future”
Hmmmm...not sure what you mean here...maybe that you made a boatload therefore if qsep goes to 0.0 its going to be ok??!!
What a farce a company must be when it’s only positive is that somebody invested in it! Big freaking whoop. He can’t change the laws of nature anymore than the white pipe wizard...Tao. Wall Street is strewn with the bodies of investors who lost everything..,and excuse me but no individual or corp is or has put in multi millions.
Yeah...that’s a good one. Nice and vague! Management hot shots must have figured Mother Nature would play along and they could report that AOT is was up and running ar the SHM! Well, apparently turning it on was more than what were ready for. Now since they won’t be reporting anything concrete for q3 except more losses, they won’t be updating anything of substance anytime soon. The promotion of this “Demo” project and its fluffed up time frames and technical conundrums just repeats the historical actions the company has taken on numerous occasions. It’s of no surprise here! The next moves are easily predicted.
“. I could care less at this point. I'm talking about whether or not this company is investable.”
That question has been answered for 21 straight years.
Well he bought 11M and has derivatives of 5M. Company needs 600k a Q just to pay management, overhead and its growing list of consultants and mouthpieces. The good doctor might potentially own 5% at this moment in time but his total out of pocket investment financed operation for only a few months. Besides the dilution rate is double digits!
Qsep management must believe its investors never check its time estimates and they are obviously still ok with making predictions that they never seem to hit. Usually this is not a great character trait of a public company..but in penny land it seems to be a requirement listed on an executive comp package!
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.
“Tomball we’ve had a problem”
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>>
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.
<<begin demo Early May>>
“
Upon completion of inspection and testing protocols, the modified AOT was certified for operations and is now ready for delivery to the demonstration site. We expect site preparation (foundation, electrical interconnect, etc.) to begin in January, with delivery, installation and operations to begin shortly thereafter.
“
From October 2018:
“
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”
<<target demo date Dec 2018 ho ho ho>>
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.
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.”
<<July 2018>>
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.”
<<claiming 2019 sales... is the modern day equivalent to “I have bridge for sale!”>>
The “hope” of profitability
and uplisting or disruption of markets have been dealt out like a old deck of cards and the casino is QSEP. The point is that even if one ignores company fundamentals the total lack of scientific backup of company claims demonstrates how long this charade has been successful at trapping investors into an escape proof dilution hole.
This was from 2018! No recent 8k has been filed. Qsep must be waiting until the minimum allowable notification period (10 days) in attempt to slide under the radar and dissuade shareholders from showing up!
Just pointing out that aside from the total lack of basic fundamentals qsep faces an increasing bad macro environment especially for its narrow one horse product line.
Warren is now Dem front runner. She promises to BAN fracking as soon as she is elected. Aot is banking on cashing in from moving viscous crude that is characteristic of the fracking wells in the Eagle Ford. From now until election day a giant cloud will hang over that industry and therefore the prospects for success and the creation of any legitimate profitable business are reduced significantly not to mention that QSEP hasn't even been let in the back door after 21 years of knocking. :-0
Fact...last year they 8k’d the annual meeting in Sep for November. Fact...as of this date no official announcement has been made. You are free to draw your own conclusions...my take is since you must have a minimum of 10 days notice with 90 being the max...last year quip needed to drum up enthusiasm so they they did the dog and poney show with much fanfare. All quiet on western front tells you what the real state of art is.
Must be a blown fuse!
Meeting was delayed because of a faulty power supply. Seriously they 8k’d September 2018. No such disclosure has been made as of today. Probably a good idea NOT to hold it now.
This is just another classic QSEP spin job. The days of a "free" test have gone and should have been offered up long before TCPL said no thanks. Remember QSEP built a 4pack especially for their midstream operations yet TCPL removed it and sent it home after only 90 days. Actually field test time was measured in hours! Then Qseps magically pivots to KMCC for moving lease condensate, itself a diluent and the main competition and roadblock to the claimed attributes of the Magic White Pipe. When that didn't work out they two step to buy time on a pipeline with some unnamed operator somewhere in the eagle ford and intimate they had the choice NOT to sell it to them! Yeah...sure
Qsep/STWA Investors have been fed a line of nonsense that apparently has made many throw caution and common sense to the wind for over 20 years! Qsep can do anything they want including milking this for another year or two then "poof" they will be on to something else. During which time, the common holder will get diluted down to pennies! Every executive reset was the "GUY" that was going to cross the finish line. I can not even begin to understand how they concoct the promotional tonic that envokes this type of behavior.
Proves nothing...mother nature has spoken and the news is all bad. If company product efficacy was remotely correlated with his or any other insider purchase then the company would have scored a long long time ago in a galaxy far far away.
Doctors typically worst investors on the planet. Besides company needs
5 -10M not a measly 30 days of operating cash!
As I posted in June ..QSEP cash burn has accelerated. This current insider buy is to keep them operating but 200K buys only a month. With added expenses and consultants to feed they need multimillions. Where is that plan?
Qsep is adept at walking the thin line of legitimacy and outright deception. Obviously they understand how to gin up excitement and they have the movie props and the paid consultants to look like they actually are a contender....sadly investors seem to ignore the deluge of failed timelines and blown tests and never seem to question the years of BS they have been fed! As long as investors are willing to be swayed by the ongoing salesman’s puffery, then Qsep can ink by.
Industrial power supplies are pretty much state of art and available in all configurations. What is missing is Qsep and it’s products have no control system which would be software driven and networked with the power supply which would feed the anode cathode electric field and adjust 100 times a second. Watch as Qsep now pivots to having to design and engineering a new power supply and control system but assure everyone they are cusp!It’ an easy call to make.
The fun never stops at the QSEP fantasy factory!
Recent release is just another of a long line of salesman puffery. Latest consultant willing to lay down another opaque smoke screen with his explanation of the dynamics of why Aot needs a complete internal re-engineering. Lol! Nobody is to going buy this garbage based a paid consultant view. Obviously Qsep is very good at getting paid third parties to play ball. Another example of an OTC company trying to buy it’s legitimacy.
Company knew it’s device was not ready for testing..yet they dangled a carrot by saying they repaired the unit and ordered another but as we find out now the internal grid pack and God knows what else needs to be completely redesigned. It’s absurd how many hall passes this company gets! Now because the pps is being hammered Qsep, keeping with its historic playbook, continues with its meaningless releases in a desperate attempt to stem the blood flow.
“
I'm happy to see the limited results they are getting from this inferior power supply are giving them results consistent with lab results. A very good sign.
“
Imagine that! Qsep gets “limited results” from an “inferior”(I thought it was broke) power supply and its immediately spun as a positive. The company has basically told everyone willing to read the disclosures that the internal grid pack (anode/cathode configuration) needs redesigning which generally means they won’t say much until well into the 4th Q.
Lol! That’s funny. Everything Qsep has claimed has swirled down the drain yet investors are chastised for questioning why the company cannot gets it act together. This is simply water seeking its level and all those end of day puff paints are now collapsing into a more realistic estimation of this companies prospects. Nobody gives two rats about “big investors”. That’s been boosted about for a decade and has little correlation with the scientific efficacy of Qsep claims.
That is because QSep has never followed any sensible methodology to test its devices, other than relying 100% on Tao's designs and theories. Think about it...Tao claims a viscous crude oil with potential varying composition within different batches suddenly behaves as Rheological fluid whose components have been engineered to change its viscosity when a field is applied. While these fluids do exist in industry they are predominately the positive effect i.e. when the electric field is applied viscosity increases. This is used for dampers shocks etc. The negative effect has been observed with very limited success and I have not seen any industrial applications to date. The idea that crude can behave in this manner either static or while flowing is just not plausible or it would have been proven out many years ago.
Temple gets paid as well...and now they have a 10% interest penalty that sweetens the pot every year!
“Easily corrected” as in the power issues with Tcpl and Kmcc! Qsep went back and fourth announcing improved insulation and reworked internal configuration but still can’t make a 20 yard field goal to put any points on the board.
“However, based on our most recent laboratory tests, we believe it is likely the repaired power supply will be insufficient to treat crude oil; in which case we will use in-field operations to test, confirm and supplement our laboratory test results.”
In other words...Qsep already knows the ps is not going to do the job and is prepping it’s faithful for the next round of delays and excuses!
That would be the logical conclusion but it seems the only real magic is QSEPS ability to skirt the line as to proving out its implied IP and it has released few of any meaningful technical disclosures or even a simple marketing line card that reports what AOT actually does and how much it costs to do so! That will be the first question a potential client will ask. Instead, AOT operating power levels has to to be deciphered from the inventor's quotes in APS presentations. My personal favorite:
http://www.sciencedaily.com/releases/2015/02/150227112751.htm
Another Qsep convoluted excuse that all have heard before! It’s just too convenient to say it’s the fault of a third party “specially designed” power supply damaged in transit than to say hey we suck at electrical engineering. People are acting as if a power supply is a PLC and actually controls the magic pipe. It doesn’t ...it provides power with certain tolerances. An integrated control system would be responsible for overall control but if there is actually such a controller then QSEP would not have the handy excuse of bad luck and blaming the power supply manufacture or transport company for breaking the device.
In business, luck is a function of how management executes its directives. Quality control, electrical and mechanical engineering is all part of deal.
Qsep must be:
“ born under a bad sign”
Qsep Facts...
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.
Once the corrective actions discussed above are achieved, our plans moving forward are centered on achieving commercial adoption of our AOT device. 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, we believe 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 demonstration 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 2020.
<<Wait... QSEP poised to reengage....when did QSEP disengage!!! >>
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 early June>>
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.
<<Early May>>
“
Upon completion of inspection and testing protocols, the modified AOT was certified for operations and is now ready for delivery to the demonstration site. We expect site preparation (foundation, electrical interconnect, etc.) to begin in January, with delivery, installation and operations to begin shortly thereafter.
“
From October 2018:
“
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”
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.
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.
The May hiring of Gallagher is now looking, suspect. It's almost like QSEP knew it was going to have issues or they actually tested the rig much earlier than reported and only now come clean as to why pipeline operators are not flocking to their doors to write orders!
Honestly, the time to hire this guy was 6 months into Lanes first year as new CEO! I guess they could not afford it as they had to come up with $500 large to play ball and rent a parking spot on an active pipeline.
The problem is that investors have been through so many management resets and broken promises and blown time estimates its almost expected they won’t meet any timeline they present...not to mention the fact that they obviously have serious issues with the technology and have not been able to turn it on for any significant length of time. This red flag blots out the sun! Qsep needs to test for many months perhaps a year or more before they can even consider marketing its service/product for commercial application.
Then there is the fuel injection license which actually represents the bulk of the past due licensing maintenance fees! It make no sense to continue paying these fee to Temple for ANY auto product it has developed as it has been clearly busted as ineffective and based on pseudoscience.
Qsep breaks another record by issuing more shares in the first 6 months of 2019 than any other full reporting year of operations.
Shares issued per period
2019Q2 298,457,191 3,651,703 1.24%
2019Q1 294,805,488 40,607,488 15.97%
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%
2019
RECAP Q1/Q2 298,457,191
2018 254,198,000
2019 totals 44,259,191 17.41%
Latest google maps shows the 1500 sq ft shed they erected to add to the 5000 ft corrugated Qsep hq. A tour would be a walk through the home office then coffee and doughnuts! Also shows one Aot parked in the back yard at angle behind one of Lanes other tenants. Maybe new prospects can snap pic of the magic
??I wonder how long Qsep will keep reporting the CEO is renting his building and yard for a mere $1500 a month.
The hav blue Aot is now perched like an F117 in front of Qsep central.
It’s the management of the optics that is the task at hand. They now have building with s sign and piece of equipment outside with management with industry related resumes, new consultant blah blah blah! Btw I don’t see why Qsep needs a new wizard as the general fluff always describes Tao as the master of this effect. I don’t understand how the latest consultant would understand his invention any better then Tao!
Yeah in reality very small short position and the Margin requirements makes QSEP pretty much unshortable for the average Joe. Not many I know willing to put up $250K to short a $15K dollars in stock.