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Sales?? Stupid or smart still adds up to a zero and no amount of sales puffery can change that.
They show a pic of the rig on flatbed as if that means they will be soon be generating ssles! Any dimwit can see this is a compete joke. CFO speaking as if he is technical head of the company...it is laughable.Qsep has so many bad actors that keep getting paid its a revolving ATM. Remember McMullen rubber stamped the previous idiot of a CEO severance package and then came back and said Bigger was demanding too much after the payments the company agreed too could not be made. Great! a CFO that can’t calculate cash flow requirements! Then to top that he operates out of his house in Cali ...for which the company still paying him as if he actually comes in every day. Must be burning up his FaceTime ap. Call it stupid all you want ...but these are facts that are in black and white.
Yeah well Qsep will say all the data supports Tao’s nutty claims but that it cannot report it yet...it will take only another year of refinement and additional analysis. Meanwhile it looks like old Qsep put a deposit down for 500k for a pipeline “ work order”! Is Qsep paying to test its magic pipe? ??? Inquiring minds want to know! Looks like plenty of unregistered shares went off at .05 to pay for it. Qsep loves those foreign investors!
“In January 2019, the Company paid $500,000 as a deposit under terms of a work order for work to be performed by a pipeline operator.
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Qsep paying a work order for 500k??? Anyone wanna tackle that one? Should be good!
Pre-rev for two decades after blowing 100M. Yeah right heard that ridiculous story a multitude of times. It’s actually funny it can be repeated with a straight face!
Investors should beware of any advice to ignore the 10k. Unlike other type of company disclosures It’s audited and Qsep cannot be loosey goosey with facts and figures. It’s where the playing ground gets equalized once a year. Wait and see the revelations of nothing new to report except continued dilution and losses with no sales in site. Watch as all that insider financing is consumed by paying off its previous management and licensing extortion fees.
Yeah I know all those non essential financials reports...always clouds up the fluffery!
Tao has been outfront promoting the company since day one and his comments have been weaponized by Qsep for a decade. As the “inventor” of this tech why would he keep his day job when he should move to Tomball and be the in-house scientist du jour so he can oversee the roll out of his pride and joy disruptive technology. That’s a real partner...not somebody that runs a test in his College lab and then claims victory!
Debt keep going up...no logical reason management would keep a license in effect for an auto product which was serially debunked by the scientific community
“As of September 30, 2018, and December 31, 2017, total unpaid fees due to Temple pursuant to these agreements amounted to $1,023,000 and $842,000, respectively, which are included as part of Accounts payable – licensing agreements in the accompanying consolidated balance sheets. With regards to the unpaid fees to Temple, a total of $83,000 are current, $417,000 are deferred until such time the Company achieves a revenue milestone of $835,000 or upon termination of the licensing agreements and the remaining $523,000 are deemed past due. The past due amount of $523,000 is owed pursuant to the First Temple License. The Company is currently in negotiations with Temple to settle or cure the past due balance.”
Love the Temple is a “partner” excuse. If they are partner why not get paid in shares! Apparently it is routine for a University to let’s their billion dollar IP die on the shelf after a decade of shooting craps with a sketchy nanocap and would never consider switching to a legit company that has proven its ability to innovate in this space and to properly manage its finances and product development. This after Qsep has been in arrears for years! Lol the opportunity cost alone would make thisan easy call but like SOx points out...Temple is content to wait because they know nobody else will use these useless patents.
Pseudo science and repacking of Taos nonsensical work. See links below which is basically the same report submitted in various forms over the last 6 years. All derived from the same report and based on Tao’s theories which are completed in lab capillary tubes moving "grams" of crude. IMO as long a College professor who is is not familiar with the commercialization of new industrial equipment, is allowed to direct the development of ALL revenue producing official QSEP products, then they will NEVER land a contract any deal of serious merit. If new management wants to clean house they need to cut ties and bury these TAO papers and develop its own industrial level analysis. If AOT has a de-bottlenecking feature that can benefit line specific cases then perhaps it could even be proved. Everybody can understand it and quantify its impact. What is claimed in these reports is just fantasy repackaged over and over and over leaving no doubt that nothing fundamentally has changed with the way this company will conduct business.
(Received 19 April 2013; revised manuscript received 22 August 2014; published 13 January 2015)
https://content.equisolve.net/qsenergy/media/aa01cd511c338ce12e6a7aeaae79fa98.pdf
received 2013 published 2014 revised 2015 LOVE THAT! Keep revising and publish again!!!
https://journals.aps.org/pre/abstract/10.1103/PhysRevE.91.012304
2017
https://www.gavinpublishers.com/articles/Research-Article/Archives-of-Petroleum-Environmental-Biotechnology-ISSN-2574-7614/Electric-Field-Suppressed-Turbulence-and-Reduced-Viscosity-of-Paraffin-Based-Crude-Oil-Sample
2018
https://www.sciencedirect.com/science/article/pii/S0016236118301078
Yeah right...I read the 8K. They gonna fold medical device business into a private company owned by IGNG who is angling to be acquired by XYZ. Another tall tale in penny land! Let's see the details of this creative leap.
So DVIS is dead?
How’s is the company still alive! Honestly..they touted for years how the flagship product (Dominion) would generate crystal clear imagery in 3d with a device that would disrupt the radiology world in one fell swoop! Regulatory setbacks were going to be easily overcome... Fast forward 8 years and a 1 for 20 R/S! The human comedy continues.
“If” “might” doesn’t cut it. Pundits been claiming imminent success for Six years. Then when it doesn’t happen....excuses get made and it gets categorized as “refinement” or “working the kinks out “or even better as Tao put it...”They don’t understand what they are seeing” lol...when Aot and all its underlying principals get exposed as one giant college experiment with no commercial benefit I wonder what new excuse will be floated.
Oh Temple is now not debt...wow so the reported 500k PAST DUE liability is just sh*ts ang giggles! Read the fine print people.
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As of December 31, 2017, total unpaid fees due to Temple pursuant to these agreements amounted to $842,000. In July 2017, the Company and Temple amended the Second Temple License agreement. Pursuant to the amendment, the Company paid Temple $62,000 and Temple agreed to defer payment of the remaining $135,000 in unpaid licensing fee until such time the Company generates revenues totaling $835,000 from the license. In addition, the unpaid balance of $135,000 will accrue interest of 9% per annum.
As of September 30, 2018, and December 31, 2017, total unpaid fees due to Temple pursuant to these agreements amounted to $1,023,000 and $842,000, respectively, which are included as part of Accounts payable – licensing agreements in the accompanying consolidated balance sheets. With regards to the unpaid fees to Temple, a total of $83,000 are current, $417,000 are deferred until such time the Company achieves a revenue milestone of $835,000 or upon termination of the licensing agreements and the remaining $523,000 are deemed past due. The past due amount of $523,000 is owed pursuant to the First Temple License. The Company is currently in negotiations with Temple to settle or cure the past due balance.”
“QSEP has no debt & potential for massive cash flow and profit. “
False. They have 2.4M in liabilities. Potential means nothing when Qsep has lied about performance for 21 years.
https://www.sec.gov/Archives/edgar/data/1103795/000168316818003427/qsenergy_10q-093018.htm
“50% of companies on the XBI biotech ETF on the nasdaq have no earnings and massive losses and most of those have massive debt to go along with the losses. “
Absurd analogy. Qsep doesn’t have to clear a drug through clinical trials or gets a device through the FDA labeling process which can cost 10s of millions. Qsep spends peanuts on R&D and most of the expense is in the form of stupid licensing fees that have been bleeding the company for years.
Lol! In 2010 the company had 90M shares issued. 3q 2018 they had 254M. They upped the authorized by 200M for the second time yet still can’t land a deal or properly manage cash resources to pay debts and is presently technically insolvent. If the company declares Bk I’m sure everyone will say look they didn’t run out of money... they just ran out of sales! It’s a joke that assumes Qsep can always go back to the well because their previous BS fabrication of reality kept the lights on. Business is ruthless! Qsep can stay hidden in the neither-world of obscure wannabe companies for years but if they want to play with the big boys they have to promote the company based on revenues with legitimate products. This, of course, would be impossible as QSEP could not withstand that level of scrutiny with so many holes in the story. Current and previous management cannot even disclose the truth on results of all its previous testing and even today spins it falsely as successful when everyone that can read a disclosures knows this is patently a lie.
Yeah well the 10k will be out in the same period so reality once again will have to be acknowledged. Another 2 million dollar loss with only sticks and stems left in the war chest. That ought to bring in all the high rollers! Lol!!!
I don't answer it because it an old and tired argument and doesn't support any of the scientific claims that are critical to the success of the company. I've also replied before indicating my only "focus" is whether AOT works based on its scientific merit. I believe it does not. Therefore IMO all claims by QSEP past and present cannot be relied on until they can demonstrate they could put money in the bank in the form of sales. Up to that point, I could give two sh*ts about whether senior guys have a motive or not. The onus is on somebody else not evaluating the fundamentals to come up with.
Quid pro quo. Nobody here will estimate a timeframe for sales lets hear your take. Humor me.
Haha thanks for the continuing entertainment...wait until this stretches into 2020 and Qsep still has nothing show for it. They must believe people can’t read and will swallow any claim or excuse management can concoct. 10k due out on April fools day which seems very appropriate as they gear up for another fluff fest. Pay no attention to the negative cash flows and increasing negative shareholders equity...all is good because them pipes are magic! lol!
From SA fluff article
"It is, of course, not certain that the data coming off the pipeline will validate the previous laboratory results of extremely effective viscosity reduction — but any outside observer must at least consider this a very reasonable, and even likely, possibility. Why?
Because Lane and Rasmussen, the two individuals with the relevant industry experience, knowledge of the technology, and access to the previous test data, have made it their full-time, professional focus to see the adoption through. Even securing a major new test, under such ideal conditions (QSEP ability to publicize AOT data and a highly cooperative major oil company partner who is allowing potential customers access to the demonstration site) is indicative of a certain level of conviction on the part of the partner company."
So they both have jobs and get paid for working for the company and this author believes this is the deciding factor! Wow...how low can the bar actually be set! All this publication data nonsense is just penny stock talk for WE HAVE NO ORDERS. Investors don't care about this level of if or when the tech is ready... at this point they need movement on the rev side which IS NOT happening anytime in the foreseeable future.
"Clearly if the previous two tests had shown nothing of promise, things would not have gotten to this point. Why even bother testing it again, if it showed no promise? So, as those not privy to the internal goings-on, the fact that this demonstration site has been developed at all is a very important indication of the commercial viability of the AOT."
If they showed promise they would continue to work on it! They didn't! nor did any company step up and help them financially to get situated so they could take advantage of this "disruptive" development. LOL always makes me laugh! Here is clue if a company says its possess disruptive technology and can't get anywhere with it for a decade...well I got some news it ain't no longer disruptive!
"
the device attaches to an oil pipeline after a pump station. Each device has a capacity of about 100,000 barrels per day, but when attaching to larger scale pipelines can be added in parallel. The technology works by applying a strong electric field to flowing crude oil, which polarizes the particulates (ashphaltenes, paraffin and sulfur particulates, etc.) forcing them to aggregate in short chains in the direction of the flow. This both significantly reduces the viscosity of the crude (ranging from 30-80%, with an average of 50% across various oil types), and alters the flow regime in the oil pipeline from turbulent to transitional or potentially laminar."
Discounted by Rasmussen at the SHM. There is no flow regime change from turbulent to laminar. This is a first-rate fabrication of science and physics and any fluid dynamist would rip TAO a new one for making such a claim. I remember reading how AOT regime is most assuredly Turbulent ( we can calculate this)but exhibited somehow magically a pressure gradient in the laminar range which of course means that wouldn't need a DRA (drag reducing agent) as well. This is complete nonsense. It is interesting the SA author didn't bother to listen to the SHM where Rasmussen clearly indicated they were not chasing that thesis anymore. SO much fodder so little time!
Author of this most recent glam shot has a blistering 27 followers and wrote three articles, two of which was on Qsep. Mean while another SA author with over 1700 followers had the story pegged from day 1. SA agreed and gave this article "editors pick".
https://seekingalpha.com/article/887041-zeros-current-scheme-is-nearly-identical-to-the-program-that-led-to-an-sec-halt-and-fraud-charges-in-2001
Yeah right. Heard that excuse for 6 years. Apparently the results were so great that Tcpl terminated the lease 3 months before its qinitial term in an escape clause and disclosed public ally that revolt and Qsep mutually agree the test was Inclusive. Then KMcC must have loved the results on condensate so much that they didn’t even pay for its disclosed contract and has suspended a lease which never commensurate! Such great news that both these majors passed and none decided to actively keep testing. Now it’s resets and pump again! Should be good for a few laughs.
Sure it is just like Tcpl had to shut the entire line down to install AOT which must prove its usefulness. That one was really funny!
It’s poor excuse and showed a lack of understanding of how industry actually works. Any non disclosure agreement is not in effect now and Qsep is not restricted from reporting its products effectiveness or potential savings. There is no benefit to the operator not to allow this data to be shared. Especially if they didn’t buy it! What really happened is that Tcpl and the Kmi test failed to show the results claimed by the company so management hid behind a cloak of non disclosures and contract modifications until they had to deal with the termination of Tcpl. The KMCC lease was even more blatantly misrepresented as being in progress but after years of being in limbo Qsep finally acknowledges that Kmcc lease is in suspension. Not a dollar paid. Qsep has no obligation to restrict data sharing on a contract pilot that they wiggled out of!
Same guy who heralded the Tcpl test in 2014. I wonder how how that worked out. This was the big news??? Wow...nothing has changed with old Qsep as they flood the waves with another round of BS regurgitated through its new pr firm. Brilliant strategy to get a guy who got it so wrong to be the first to get the news out! Hahaha!!!!!AH on a Friday...
“And again, you've never answered the question. Why the hustle? Why would all these executives, for lack of better words, go through all this for what?
Selling a few shares, if that? To appease whom by a hustle. Again Oceans 11 wouldn't be without the payout......
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All of this is meaningless if the product/ technology doesn’t pass the smell test. I haven’t a clue nor do I care why anyone including directors would invest in zero but there are always plenty of gamblers willing to the throw the dice. To suggest that this somehow must prove the company legitimacy is ill conceived and frankly a horrifying premise to invest.
Every several years there is a Qsep management makeover and all is forgotten. This after the company was pumped heavily and then decimated after an unflattering article or failure of a pilot test. Then it resets and does it again. The play has been mostly squeezed out but there is enough action to keep the interest. The exiting executives get a severance package...Bod gets to play big shots and improve their CRVs! Look how Cecil’s has taken the whole Qsep board over to his latest company. Apparently nobody cares that they were ineffective buffoons.
It’s not about whether “I” know more than the RandD people but rather does the companies products provide a quantifiable benefit to individuals or industry. Now Qsep has been pitching this magnetic field effect in all forms of products ranging from a small bolt on after market devices for autos to a giant pipe treatment vessel for moving viscous flammable fluids. Not one major has agreed to turn it on for more than a few days and none have bought it.
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It is well known Oil pipeline companies have always had a problem not being able to move enough oil due to the limited number of pipelines, the very thick viscous nature of crude oil, and the vast oversupply of crude here in the US. This is well evidenced by the rail and trucking accidents and fatalities that have resulted in trying to transport crude oil by train and truck; sadly entire towns have burned down. “
So the brilliant solution is to stick a charged capacitor in the middle of a pipeline then flow flammable liquid through it! Yeah that ought to solve the danger factor! lol!
Dude...$8 dollars a share for little old Qsep is over 2 billion dollars in market cap. The chances Qsep achieving a fraction of this is an exponentially small possibility. They are no where near commercial deployment or sales and not been able to prove it’s tech or back up it’s scientific claimed efficacy ever! All this talk of impending sales and “shots” to the moon supported by so called big shot dollars is just fluffery in motion. It’s the Qsep mantra: report the dream of success no matter what actually is happening.
“
The oil company has "agreed" to put AOT on their pipeline as a pilot and demo site. QSEP has "agreed" to place AOT on their pipeline as a pilot and demo site. In my book that's an "agreement."
“
Great but it’s no contract and can’t be enforced as it lacks a critical component of a binding agreement. It is a typical move by QSep. They will keep all details shrouded in super secrecy to build new anticipation ahead what has always been the wash, rinse and spin cycle.
When Qsep starts to modify its claims of efficacy it will be the sign that three times is not a charm.
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QSEP have tested their technology with fortune 500 powerhouses like Kinder Morgan and TransCanada right on the famous Keystone pipeline that moves 500k barrels per day, and both oil giants have paid the cost of the tests (proof that there is massive interest in their tech). “
First off KmCC didn’t pay for the contract and wiggled out of its obligation as soon as the rig started to short ground moments after turning it on. So all story of fires and accident is moot considering condensate is more flammable than crude and internal shirt can go BOOM! Tcpl terminated only 3 months into a six month initial term by executing a bail out clause. Tcpl was moving crude but KMcc was moving condensate which is quite a different scenario. Why a condensate line, which is used as a diluent ,would need to be further reduced in viscosity doesn’t make any sense nor has it been explained to any degree satisfaction.
“ In many cases by simply being able to reduce diluent by replacing it with the technology, and in other cases depending on the oil by reducing or eliminating bottlenecks. Especially thick heavy crude in cases where simple diluent or heat won’t work; e.g. up hill. “
Hey scientific world the news is out Diluents don’t work on hills! Hahaha!
Where are the disclosures?? This company went dark last year and all investors get is Altounian’s twitter responses! Yeah I know he no longer the CEO but he is the puppet master! I wonder how his alliance acquisitions company is coming along ! ????
Not me...I offered a contemporary explanation...not that it matters.
“It is a logical fallacy to assume that simply because an idea is severely attacked, it must therefore have merit. Any geographer attempting to resurrect belief in the flat-earth hypoth- esis, for example, would be harshly criticized by their colleagues, but this criticism cannot be adduced as evidence that flat-earthism is on the rise. As historian of science Michael Shermer has recently pointed out [31], “They laughed at Copernicus. They laughed at the Wright Brothers. Yes, well, they also laughed at the Marx Brothers. Being laughed at does not mean you are right.”
https://cs.uwaterloo.ca/~shallit/Papers/stages.pdf
Btw that Quote has been used incorrectly for years!