Market watch shows the public float to be 241M so the idea that there is real scarcity of stock is just another dream that been floated for a decade.

Wash rinse and repeat!

No matter how many times a new Qsep CEO whiffs a fast ball and goes 0-4 they are still always applauded as being bringing Qsep to the forefront of a commercial rollout which will no doubt generate a tidal wave of sales. Yeah well there is plenty of doubt!
This page from the tried true playbook is such nonesense and has been repeated each year for decades. Examine how previous failures were heralded as major victories only to get swept under the rug when the facts are discovered years later.

2017
“
If they started selling units outright the stock would be in the multiple of dollars, not cents. Management has not assumed any sales yet and has simply kept it's investors informed which is their fiduciary duty.

Fact is a major player like Kinder Morgan want the AOT, and their actions say nothing else. Kinder is moving forward, testing oil samples right now. Sorry, but you can't make the whole "termination" claim again. Kinder Morgan have not terminated. Kinder are working to automate the AOT into their pipeline. That is the beginning of market adoption of the technology. This will be huge once it starts to sell and lease. “

Qsep management have made excuses to float a battleship! The same labs and testing agencies

“
let me first touch on one of your comments. Yes, it would be MUCH much easier if management was more transparent. In my opinion, there is so much more going on behind the scenes at STWA that the public is unaware of, that there is a huge disconnect between what is publicly known, and what is privately happening. In my opinion this is the opportunity in this stock. I fully believe that in 2015 that gap will be narrowed, and much if not all of what STWA has been working on will be become known in the market place. Imo management is not that transparent since Gregg took over (e.g. no forward looking statements) because the AOT and the technology has not been a proven commodity. That has changed only recently and will continue to change in 2015 as research firms like SRI and ATS RheoSystems, Climate Friendly and companies like Kinder Morgan, TransCanada and NewField oil (and several other oil pipeline companies STWA is currently dealing with) make testing results public and place orders. In my opinion, the lack of transparency will not be an issue as we get into 2015.”

“
They have recently entered into an agreement with a major fortune 500 oil company (a member of the PRCI (Pipeline Research Council Int'l which means they are massive); where QSEP will retain ownership of the all the real time data that AOT generates. This partner company has agreed to make it a demonstration site as well so all of QSEP's other potential oil company customers can view the AOT and it's real time data in person. Many oil companies have said they will be coming to see AOT in person. Will Saudi Aramco come see it? I think they will. “

No they do not have a material agreement as it would need to be disclosed in an 8k and no they don’t have 20-30 energy companies on the line to buy Aot that’s just fluffified Dino crap! They have announced they have a “free test” arrangement where Qsep pays for everything and might shares the data... big whoop. In reality Aot is nothing more than a giant movie prop that will achieve nothing but hype with its free deployment and trumped up efficacy claims. If this had any hint of a benefit it would have been dug out years ago and immediately deployed.

Honestly Qsep is easy to spot as a typical penny dream stock and it’s amazing that this company is still breathing today. Qsep is now kept on life support and promoted by Qsep insiders who didn’t even strike a decent deal. They will never be forced the company to pay the coupon owed on its notes. Not exactly wolf of wall st material! Lol!

Wash-rinse-repeat doesn’t cut it anymore. The size of potential customers is meaningless as Qsep has never demonstrated its ability to land any of this so called big fish. They certainty continue to promote all its failures and have made promise of commercial viability for a decade yet cannot be consider a legitimate business by even the most generous analysis.

Hey its fortunate that money was made here...the math looks a little fuzzy though...

Qsep must believe its investors can not compare updates. Lane goes from “achievable” installation date of July 2018 to now some unknown date in 2019 which is subject to inspection protocols that are unknown and btw it’s all free! Management in its infinite wisdom releases a picture of the rig on a truck dangled like a piece of meat on a tender hook! Lol!!!! The facts and results are there for all to see!


From December 2018:

“
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. 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.”

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.”


From 2016 Update

“Looking forward to 2017, I'm pleased to say we have three active, collaborative AOT projects on our agenda. The first is documented in the November 28th, 2016 Form 8-K filing which sets forth the stages of AOT testing at the facility of a vertically-integrated company active in Alberta's oil sands region. The initial phase will commence in the first quarter of 2017, with a fully functional laboratory-scale AOT device. The objective is to assess the technical capability of AOT technology under field operating conditions characteristic of the oil sands. Following that process, based on positive results, the next stage would call for a full pump station installation ("Field Test"). Previous viscosity reduction and related tests performed on customer-supplied samples at Temple University's Department of Physics were highly favorable, which led to the current Field Test Agreement.

The second collaborative project involves a trial assessment and then full and potentially sponsored engineering of the AOT-XL, an innovative new addition to our flagship product line. This specially configured, high volume AOT system was developed upon request by the management team at a trusted, long-term collaborative partner within the midstream sector of the domestic energy industry. Designed for very high volume pipeline environments, the AOT-XL is fabricated to meet a target of 25,000 barrels per hour capacity (600,000 bpd). Initial laboratory tests of one of their crude oil samples has also shown favorable results.

The third project is our continuing collaboration with an entity based in the Middle East, one of the largest oil companies in the world. Customer-supplied samples of crude oil are in possession of Dr. Tao's team at Temple University for the full scope of testing and analysis to replicate the efficacy of AOT. The infrastructure of this high-output producer and transporter is massive in scale and could require numerous installations of the AOT technology at strategic points. Our discussions to date have encompassed a variety of deployment scenarios based on the improved flow volume and time-to-market goals of the customer.”


Wow...three active programs
and Zero revenue. Bravo!

From 2015
Quote:

“I am extremely pleased that today we are now in a more advantageous position than at any point in our history. Our commitment to a bifurcated strategy of acquiring undervalued assets while further optimizing our technologies has already opened up new horizon of opportunity, and will undoubtedly drive our expansion throughout 2016.
To date we have identified target acquisitions and hope to complete our first transaction with one of them shortly, subject to our obtaining sufficient acquisition financing. Once the deal has been finalized, QS Energy will have entered a new phase as a profitable and sustainable corporate entity, with the resources and expertise necessary to capitalize on the unique market conditions that only occur in a highly cyclical industry such as the energy sector.”


I wonder what became of the genius “bifurcated" strategy that the current CEO was brought on to implement! Bye bye Felicia!


From 2014 Shareholders letter
Quote:

It is our goal to re-deploy our inventory of AOT equipment with other pipeline operators in North America and internationally through our global business development efforts and our distributorship with Energy Tech Africa which provides us with representation in Africa and the Middle East. Existing and upcoming opportunities for positioning these income-generating assets will afford the Company with the necessary infrastructure venues for the next stage of AOT testing and optimization.
The Company currently owns five AOT pressure vessels; one which has been deployed to Texas under a short-term lease with options to extend the lease or purchase the equipment. This equipment is on schedule to be commissioned and the lease initiated in 2015. The remaining four AOT pressure vessels will be re-deployed either separately or together depending on the target pipeline infrastructure.
All of these objectives which we outlined at last year's Shareholders Meeting have been accomplished according to a pre-determined timeline that was both ambitious and aggressive. We are extremely proud of this effort and the accomplishments of our team and our supply chain partners and customers, given the extremely tight deadlines that all have had to operate under.


Or...they can warehouse them
In Tomball and charge admission to shareholders to come in and “kick the tires”

From 2013
Quote:

"The sophisticated process of designing, engineering and fabricating this innovative flow assurance solution for our customer is nearing completion and will soon be in the field testing on a half-million barrel per day pipeline system in America's heartland," Mr. Bigger commented. "I am delighted with the team's progress and our supply chain's responsiveness and quality of execution. They are truly dedicated professionals doing a job well done, and I wish to thank them and our loyal shareholders for their tireless efforts in seeing this process through. I am humbled and honored by your commitment, thank you."


Except that little detail about sending the magic pipes with a power supply a 100 times too weak! LOL!!!!!


The best comes from Cecil in 2010 shareholder update:

Quote:
"The milestones that we achieved these past twelve months have set up 2011 to be a monumental year," stated Mr. Cecil Bond Kyte, Chairman and CEO of STWA, Inc. "Throughout the course of 2010, we have positioned ourselves to take advantage of the tremendous opportunity that our energy-efficiency technology holds for crude oil transportation and diesel engine efficiency to help meet energy demands and emissions quality standards. We believe that our development of an AOT™ product line has the potential to change how crude oil is transported around the globe, resulting in significant cost savings for pipeline operators, greater safety and a reduction the industry's environmental footprint. I am excited and encouraged by the strides we have made as we get ready to begin our baseline testing in January and enter real-world application with our technology."

9 years later no adoption of any Qsep products of ANY kind. During this time hydrofracking revolutionized US oil production and the markets rallied to all time highs. Pathetically Qsep participated in none of it. Great job crew!

Qsep promotion has been rolling since it's inception. Look here how the TCP failure is spun as a success by paying for some Lab to "play ball" like Temple and Tao. Shameful manipulation of unwary investors. The most tragic part is the company successfully does a flush and bowl refill every few years. If anyone is going to give QSEP management kudos it must absolutely be this ability to spin failure into a stock selling opportunity with a product based on pseudoscience.

Qsep now has more upper level employees to keep up the charade so between Lane, McMullen and Rasmussen they now burn 400k a year plus all the fabricators and consultants that also get a piece of the penny pie! The best part is McMullen makes 158k a year and he is snug as bug at home 1500 miles away from Tomball! Rest assured as soon as Bigger’s payoff is complete Lane will get a “bigger” piece. lol!

Add Temple’s extortion licensing fees of 187k a year plus the hundreds of thousands of dollars in past due fees and what is left is a gutted penny with a big shiny prop!

How quickly the tune changes when the layers of truth actually get revealed! Qsep CEO is heralded as the new savior and handed the keys to the kingdom yet is getting paid for it! Lol!! Watch for a salary bump with a new contract in 2019. The rent will undoubtedly have to go up otherwise Qsep would understating it’s loss. This means they will need to hock more .05 convertibles very soon.

“
ABSOLUTELY FALSE as NO RENT is being charged by the multi millionaire ceo. Any rent charged would need to be disclosed in the filings, but it's not. This is why I do my own d/d & only take advice from professionals who know what they are talking about. “

Lol! Firstly no public company would lease a building “ month to month” from its CEO. It obvious this is just a cover for what’s really happening which is a commingling of companies which is s conflict of interest and a breach fiduciary duties. Not that Jbl has any current business but Lane is assured to be getting more and more for his building and expert managerial abilities. I’m sure he still houses his original company at Tombal and that Qsep covers all expenses and overhead! if Qsep actually gets more money Lane will be first in line. His employment contract is up in April and he will likely be getting a big chunk of the funds that were going to Biggers golden Parachute! It’s a circle of payoffs...rub my bank ....I rub yours! Meanwhile investors loose everything.

Current CEO rents his own building to the corp which also paid to erect a small warehouse on Lane property so they could store all the pipes NOT being used...so QSEP cannot just end ties with him .... and he has a decent salary with many other perks which are not shared with its investors. Heck, QSEP can't even reveal what potential customers are interested in its decade-old magic pipe.

The company has not veered from its age-long practice of selling much sizzle without the meat. All of the actual info investors need is again shrouded in secrecy. If investors distent its always fluffed over
as a necessary requirement to protect this so-called revolutionary technology. HUMAN COMEDY!

Mr.Lane might be the best penny CEO on the planet but he is not an Alchemist. A decade of development with trials and pilot tests says this concept has little benefit to operators and I don't see management suddenly finding the formula to transmute lead to gold. I remember how the former CEO was anointed with a crown!

Every QSEP manager gets a free pass no matter what has transpired! I wonder how many more years investors will keep swallowing the: "We are working on it" excuse! This as CEO after CEO gets another Golden Parachute "escape package" fit for an executive running a profitable company with 5+ million in sales. All this comp just for keeping the lights on! Shameful execution of company mission objectives and a continual misallocation of company resources since the company formation 20 years ago. A 100 million dollar investment over the course of two decades should be yielding some level of revenue by now. The fact that it hasn't is the 9-ton Gorilla in the room.... and he keeps growing!

“As of September 30, 2018, total outstanding notes payable amounted to $614,000, accrued interest of $111,000 and unamortized note discount of $99,000 for a net balance of $626,000 In addition, a total of eight outstanding notes amounting to $454,000 have reached maturity and are past-due, and are now accruing interest at 10% per annum under terms of the notes.”

The gift that keeps giving!

From MRQ:

“At September 30, 2018, the Company had cash on hand of $279,000. Management estimates that the current funds on hand will be sufficient to continue operations through January 2019. “

Welcome to January!

It’s a pipe manifold with screens forming a Cathode-anode configuration. Most assuredly not rocket science!

Hahaha....extra extra read all about it. Qsep Employee straps elektra to his truck claims victory. The world is saved by a zombie product line killed 6 years ago! Thanks for the Sunday chuckle!

No diluent??! Hahaha!!! It’s time to go back and look at the alleged technology which at no time eliminates diluent. Aot professes to reduce it but that of course is another pipe dream Investors have been hearing for decade!

Haha...yeah maybe relook at the release again. The rig was supposedly retro fitted by its Wyoming fabrication contractor so seeing snow on the ground in a PR picture is as irrelevant as the deluge of comments that profess AOT is ready for business. It just wishful thinking with zero regard for actual facts. Basically business as usual as a desperate management tries to cook up more reason anyone should own this garbage.

Investors should be wary of any prediction of sales or profitability as it’s simply not in the immediate future. Qsep current management and all that came before have been unable to predict if or when its cadre of products would ever transpire into a legitimate business. A decade after the company did a 180 and abandoned the fuel injection products, effectively chucking years and millions of dollars...pros still get giddy when Qsep posts pictures of a great white pipe strapped to a big rig. It’s curious why the bar is set lower and lower for each set of new CEOs that assume the position.

The claim that Qsep product will soon be sold world wide is nothing more than wishful thinking. The reality is Qsep has been and continues to be an epic failure whose sole redeeming quality is its ability to keep
raising money on the backs of investors with no plan of actually returning value. It’s a silly strategy but as long as the company posts up pictures of the great white magic pipe... they are assured another 12 months of leeway. Hilarity!!

Another picture of the magic AOT on a shipping rig might make
for a good show prop but is meaningless as were all the tests that have run and promoted but resulted into nothing more than several epic failures. None have added significant dollars to the cash position or generate any near or long term profitability prospects. It’s 70 ton ruse and gets replayed each year by the next new guy in charge. Ha!!!! Btw note to the CEO, if you take charge of company and give an estimate of a timeline for whatever...then you better hit it cold..not let slip each year into the next year. New management has had 1.7 years just to get a free test but now it’s slipped into 2019 which will no doubt slip again because of ( insert excuse here).

Yeah well the problem that isn’t exactly an investment metric anyone can bank on! The only sure thing is that Qsep management and it’s team of misfits will be testing for years and any suggestions that revenue much less profitability is imminent would be categorically false.

Another monumental fluff job! Meanwhile Obv and volume accumulation tells the real story! Sad Qsep...can’t hit a deadline to spite itself. January will turn to March which will stretch out to 2020! Meanwhile energy prices are in the gutter and Qsep choose to release a digital rendering of one unit on on a truck to nowhere. Please! Shareholders have seen it all before!

Approaching Dec no announcement of the much ballyhooed pilot test! Another delay...another story concocted by management to keep that can rolling down the hill.

Honestly cannabis is where all the penny mavens are speculating. Nobody interested in a pipeline product and toll
booth pay as you go model that will take another decade or two to development. In Texas when oil starts to slide...all the money trees go bare!

Lol...Zinke has a difficult time keeping his personal business separate from his career so yes that make him
A perfect candidate for coming back to Qsep once again! I mean after all the public is being operated in the CEO building for which much commingling is taking place!

Qsep has always spun a very good tale and had the for-thought to build presentable props that would and continue to entice investment. This is the real genius of the company. It’s certainly not any scientific discovery or technology for which all it’s products are based. Even a team of idiot mangers would be able to get something up and running after 9 years of development! One can only conclude Qsep products are simply not ready for prime time or have zero commercial benefit.

Yet when the claim is made that the SEC has verified this pseudo technology...there is no comment. Sounds to me like there are too many investors sitting on the same side of the see saw! Not surprised

It’s there to protect investors from corps that lie about its earnings or product efficacy. In that respect they have kept Qsep on the straight and narrow otherwise they would have surely been telling the world that its products will save all of mankind! lol!!

Good old Don has promoted more dog crap companies then any of his contemporaries! I remember the Paloma tree...and goat carcasses! The best was when he had three otc CEOs discuss message board posters who were in their opinion ruining good old otc companies! Listen to these now defunct CEOs who were exposed as running scam companies blame public discussion for their crap

Wow $25k at .05 ain’t buying the company anything more than a week of opex and with current cash burn at 140k a month this basically is like a pimple on a flea’s butt! It’s basically would not cover the interest on the defaulted suns owed to Temple!

Love the extrapolation of all the major players that are “secretly” lining up! Ha!! Such none-sense and fluffery. It’s amazing the same record gets played over and over and the company gets unending applause and standing ovation for NOT having sales after 20 years!

It’s just another perpetuation of the same theme. They hide behind the secrecy because if they revealed the actual truth very few investors would stay on the hook and certainly no pp convertibles could be offloaded to unsuspecting investors. That’s why the continuation of the multi year long smoke screen. Honestly though with all the financial deficiencies this companies has its ironic the CFO came out at SHM and said they would not run of money but they do it every year and then simply go back to the till and extract more cash on the backs of those who have been loyal shareholders for years. Investors must believe that there is a never ending supply of risk dollars happy to fork over to Qsep. Honestly I have seen an Otc companies that lost so much value still be able to concoct a story to attract dollars. It’s really the best thing Qsep does. It sucks at creating any legitimate business over its 20 years of trying but has excelled at raising money year after year. It’s too bad that shareholder can’t derive a benefit from this ability other than to stay afloat.

More empty promises and smug expectations that the shareholders must hold fast or otherwise loose such a golden opportunity. Number don't lie:

		Cash used 	cash burn 	 
 		in operations	 per month	 
 2018Q3		$422000		140666.6667	 
 2018Q1Q2 	$676000		112666.6667	 
  
 2017		Cash used totals by Q			 
 	10K	1786000	$391,000	$130,333	 
 	10Q3	1395000	$630,000	$210,000	 
 	10Q2	765000	$594,000	$198,000	 
 	10Q1	171000	$171,000	$57,000	 
 			$1,786,000	$148,833	 
 

“
Not true according to the evidence below.

In August 2018, we were approached by a prospective customer in northwest Asia and have been invited to meet with senior management to make presentations and provide a proposal to install AOTs on a new 2,000 km pipeline.
“

Sorry but this is a low probability event that has very little to do with the fact that Qsep is now cooking cash at the rate close to 5K a day or aprox 55000 shares @.085. All just to maintain the status quo. That of course does not include paying down any of the companies major obligations any time soon. Apparently Temple is content to watch a million dollars in defaulted licensing fees accumulate while Qsep negotiates some new settlement or cure. Wow!

Qsep needs about 5-7 million in cash to put the company on solid financial footing but that is not happening through institutions or family offices even-though the CFO brought it up again. Note to Mike...release news when deals are done and is in financing place. Talking to bank or institutional fund...having a great meeting is not news it’s just fluff.

The reality is pretty simple. Qsep will continue to use equity as cash as they have done for the last 20 years!

Company can claim imminent victory all it wants but so far they have put zero points on the board and frankly the 10q shows how little results have been achieved and how precious resources have been again squandered in the 18 plus months this dream team has been on the job. Avg 140k cash burn per month will soon be 200k based on its obligations and expansion of expenses. There is no plan to finance the future operation other to say they are willing to sell more convertibles! Wow what a great strategy!

Then they continue to gloss over and attempt to extract more spin from the failed KMI test saying they are still in “discussions” but the lease is suspended. A contract is either accepted or not. If it is consummated with consideration then a contract would exists. If not then it never did. Km cannot suspend a contract which they did not pay for. Qsep crack managers must assume its investors have little understanding of contract law. It’s pitiful they simply cannot tell the truth or be transparent as they have claimed they would become. This is just more definitive proof that nothing has changed!

Lol!! Company spends peanuts on actual R&D (150k for 9 months!!) Bigger is owed over 300k! Apparently his payment have partially resumed as 10k a month is now being forked over and Bigger can resume living the high life collecting his severance payments because after all he did play nice and I’m sure he was promised that he would be fully taken care of like all the slippery managers that came before him. Such a crock!

Meanwhile Temple is now owed over $1 million! Over half is in default. Company debt obligation are expanding and the financing option are limited to selling .05 convertibles!
Company is insolvent and doesn’t have the finances in places to meet its short term obligations. Expanding negative Shareholder equity tells the real story of how this company executed. Wow what a great quarter... send up the flares!

279k in cash. Average Cash burn now 140k per month.

That is patently False.

Here is Sec full response:


Form 10-Q for Fiscal Quarter Ended March 31, 2016
1. As applicable, please also give effect to the following comments in your Form 10-Q for the fiscal quarter ended March 31, 2016.
Form 10-K for Fiscal Year Ended December 31, 2015
2. We note your response to our prior comment 1 and reissue the comment in part. It is unclear from your disclosure which patents that you own are related to your active

Greggory Bigger QS Energy, Inc. May 27, 2016 Page 2
business. Please expand your disclosure at page 11 to quantify the number of patents which no longer form an active part of your business, and describe any risks to your business that result from any gaps that exist in full patent protection.
3. We reissue our prior comment 2 in part. You continue to suggest that your AOT technology has been “proven” to “increase the energy efficiency of oil pipeline pump stations.” Based on the information you provided on a supplemental basis and the related disclosures, and for the reasons cited in prior comment 2, please revise your disclosure to remove the claim that the technology has been “proven.”
4. Similarly, please revise to eliminate the suggestion at page 6 that you have “proven” your “ability to build, deliver and operate [your] AOT equipment on a high-volume commercial pipeline” in light of the details you supplied regarding the problems your equipment has encountered and the lack of any substantial commercial usage. As you state at page 10, you “have not proven the commercial viability of this product”

Nonsense SEC doesn’t do anything of the sort and would never “verify” scientific conclusion made by the company, Tao or paid third party consultant. Any intimation of that being factual is a complete misrepresentation of the truth. But not to worry...Qsep makes a habit out of bending the truth and apparently it’s investor base or just fine with it.
The human comedy continues!

Well according to law experts...Aot is long long way from Tiporelli!

“

We believe the use of the word “proven,” in the context of the disclosures and discussion above, does not suggest that the AOT technology is, at this time, commercially viable. Nonetheless, to address the staff’s concerns, we will revise future filings by removing the word “proven” and replacing it with the word “demonstrates” or “shows.” Please advise.”