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Updated: Ceraweek is now going on in Houston. It’s major oil and gas conference. This is where the real action is...not vying for some California carbon grants.
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ABSOLUTELY FALSE. So the California Energy Commission (CEC) knows all about the PROVEN AOT as per the EVIDENCE below
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This is a “fill in blanks” grant and anyone can be considered if they fit a very broad category. How obvious is the looming cash crunch if insiders must promote the survey! It’s absurd to conclude that this commission validates AOT! They do not nor does the SEC or any of the latest Middle East or Chinese papers that claim Tao is the field effect viscosity King!
So the Vp of engineering ( I wonder who the president is) is trying to influence a small grant by having a pack of unqualified pseudo industry users to respond to some janky survey...wow! No word on funding even though the company has disclosed they had enough funds to run through January! News flash it’s March!!!!
Californian is anti pipeline to begin with! No way will this commission grant dollar one towards this supposed technology. It’s amazing that a Qsep insider would send investors a link to participate in a survey in an apparent attempt to get a financial grant! Cash reserves must be down to “sticks and stems”.
Kinda like the other award they didn’t win! Not a chance of this being adopted in California.
Please...if one can short with low margin Qsep would have been the best bet of the century...But it’s just not the case. There are millions of shares that were offered up in the last convertible raise. They have a built in double at current pps. The MM are managing this outflow carefully as anything more than a few hundred thousand shares will tank this to single digits.The company is perhaps worth a few pennies for it’s shell. Water will always find its level.
How about a sales update instead of the implied short selling whiskey Delta argument...oh I forgot Qsep isn’t really a business yet that would require SALES...surely 2018 is the year! Unless of course one examines the actual facts instead of rumor and innuendo which seems to be the only thing going for “quick strike” energy! Always makes me laugh!
100 share buy at the close to boost pps by 20%. Meanwhile plenty of shares hitting the exits!
From 201610k
“The Company is in active discussions with a large Middle Eastern oil company regarding AOT technology in Middle East, having tested multiple oil samples provided by this oil company at Temple University in 2015 and 2016. The most recent round of testing on Middle Eastern oil company samples was completed early 2017, demonstrating AOT viscosity reductions of 20% to 50% in a laboratory setting.
The Company is currently in discussions regarding AOT technologies with five additional top-tier national and multi-national oil and gas companies.”
From 201510k
“The Company is actively seeking deployments of its AOT technology. In August, 2015, QS Energy was invited to an offshore oil transfer platform in the Gulf of Mexico. This offshore platform was assessed by QS Energy personnel for a potential deployment of the AOT viscosity reduction technology as a solution for super-heavy crude oil flow assurance issues. Following the site visit, all parties executed non-disclosure agreements in advance of detailed analysis and in anticipation of developing an onsite AOT testing program subject to laboratory testing and case studies performed on oil samples to be provided by the offshore platform operator. In June 2015, the Company formed a strategic alliance with Norrønt, AS (“Norrønt”), located in Oslo, Norway. Through its affiliation with Norrønt, the Company is currently in the process of negotiating a collaboration agreement with three Norwegian based oil companies as well as a potential research grant with the Norwegian Research Council. Under a strategic alliance formed in 2013, Energy Tech Africa is actively marketing AOT technology in Africa and the Middle East. During the first and second quarters of 2015, oil samples from a Middle Eastern oil company were provided under non-disclosure to Temple University for testing. These tests demonstrated AOT viscosity reductions of 20% to 35% in a laboratory setting. Discussions with this Middle East oil company are ongoing.”
Offshore, Middle East, Norway and new for 2018... introducing South America! It’s Merry go round product pitches. Not a single success but fun to ride!
Gem? Take a closer look!
Not to mention the fact that the disclosure of the Kmi contract and the termination of the Tcpl contract were disclosed by separate 8ks within secs on the same day.
Absolutely! It is Qsep interests to hide behind NDAs so they don’t have to face the reality that the company has almost totally relied on Taos work which has never produced a single product or service that has generated a dollar of reoccurring revenue. This after 20 years in business and 12 years of pursuing crude oil viscosity reduction! Compare this with any private company and easy to see why Qsep went public on the OTC! Basically a license to fleece!
Yeah I remember the press release that touted signing a new lease for testing at RMOTC only to have the agency shutter its doors and selling off all its equipment! It’s endless the number of blatant misrepresentations!
No arguing with public disclosures which state:
“The Kinder Morgan Lease is currently in suspension and lease payments have not yet commenced.”
So one of the primary components of any legally binding contract (consideration) has NOT been completed by KM so any discussion of an actual agreement still in force would be just fantasy wishful thinking!
Not a dilemma at all. What applies to the companies early mismanagement is just as applicable today. The company has a history of insider enrichment and the wholesale granting of golden parachutes! All at the expense of the common holder. I see nothing that indicates this is changing to any degree. Qsep is basically insolvent and totally relies on creative funding raises to finance its continue operations. This hasn’t changed one iota! Besides they continue to sit on the real reasons why no field test has ever produced a single sale.
RMOTC...very old data and they would not fund any continuation. The rig got a fancy new paint job and now sits in front of Disneylane...ah I mean Qsep Hq!
Investors only care about the present state of affairs not what the deceiving management claimed happened 6 years ago at RMOTC which allowed Tornado Tao to fiddle with the results as he saw fit.
SEC does not verify efficacy only enforced the rules of the market. Namely the fact that Qsep has been repeatedly promoting it’s devices as scientifically proven and commercially viable which is in direct conflict with the SEC. after being put on notice fir bogus claims Qsep attorneys reluctantly admits company products or services have not been commercially accepted so the idea that the SEC is some conduit that industry can tap for verification is simply more sales puffery!
From SEC correspondence
https://ir.qsenergy.com/all-sec-filings/content/0000000000-16-068072/filename1.pdf?TB_iframe=true&height=auto&width=auto&preload=false
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2. We note your response to our prior comment 3. Please provide specific, objective support for your statement at page 3 that your AOT technology “has been proven . . . in full scale operation on a commercial crude oil pipeline to increase the energy efficiency of oil pipeline pump stations.” Alternatively, please revise or remove this language and all similar claims. In that regard, we note the following:
? The AOT technology appears to lack a clear demonstration of full-field sustained commercial effectiveness.
? The tests appear to be of limited duration and do not appear to clearly demonstrate the applicability and benefits of the technology under continuous long-term operating conditions.
? Your deployment of AOT technology on the TransCanada Keystone pipeline and the Kinder Morgan KMCC pipeline has been limited to initial testing rather than full- scale operation with proven efficacy.
? You disclose at page 14 that “our technology is commercially unproven, and the use of our technology by others is limited.”
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Kmi condensate Aot test is dead. This contract was signed and promoted in 2014 it’s now 2018. Investors should only care about the here and now!
“The Kinder Morgan Lease is currently in suspension and lease payments have not yet commenced.
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No consideration = no contract. Either party can hide behind the NDA all day long but It’s to Qsep’s advantage never to release this info. If it was great news they would have orders in hand and there would be no question . Instead....silence!
Its been long dead...here the clause about storing the unit if they “considered” moving it!
“During the Initial Term and Extended Term, if any, Kinder Morgan shall pay to the Lessor, a monthly lease fee in U.S. Dollars in the amount of Twenty Thousand Dollars ($20,000) (" Monthly Lease Payment "). In the event the Equipment is removed from service at its initial location and re-installed to a new location during the Initial Term of the Lease, the Monthly Lease Payment during the Initial Term of the Lease shall be reduced to $5,000 per month (" Standby Lease Payment ") until the Equipment is placed back in service at its new location, at which time the Monthly Lease Payments shall again be Twenty Thousand Dollars ($20,000). If the Equipment is in service for a partial month, the Monthly Lease Payment and Standby Lease Payment shall be calculated and paid on a pro rata per day basis.
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Another clause that really sheds light on this broken deal. Even if it shorted to ground every time they turned Aot on they still have a 45 day period that they are obligated to pay for. They didn’t! The answer is obvious.
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7.3 Kinder Morgan agrees that no defect or unfitness of the Equipment shall relieve Kinder Morgan of the obligation to pay the Monthly Lease Payments throughout the Initial Term and Extended Term, if any, hereof.
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Nonsense the KMI lease never began because no consideration(payments)were ever made! Now the last 10q states:
“The Kinder Morgan Lease is currently in suspension and lease payments have not yet commenced.
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Obviously the stink isn’t completely off Qsep with the release of this vague statement as to the contract status. Anyone who can read a contract knows this is complete BS. The KM contract is spelled out in specificity and details the installation, performance and payment. Qsep is entitled to receive a reduced lease amount even if KM stores the equipment in anticipation of moving it so not receiving any funds for this lease simply means the original contract is null and void yet Qsep still doesn’t have the balls to admit it!
The status of the Kmi contract. It’s interesting the suspension part never is included with the post. Here is correct copy:
In February 2016, the modified AOT equipment was installed at Kinder Morgan’s facility. Pre-acceptance testing was performed in April 2016, culminating in more than 24 hours of continuous operations. In-field viscosity measurements and pipeline data collected during this test indicated the AOT equipment operated as expected, resulting in viscosity reductions equivalent to those measured under laboratory conditions. Supervisory Control And Data Acquisition (“SCADA”) pipeline operating data collected by Kinder Morgan during this test indicated a pipeline pressure drop reduction consistent with expectations. Kinder Morgan provided the Company with a number of additional crude oil samples which were tested in the laboratory for future test correlation and operational planning purposes. Based on final analysis of in-field test results, SCADA operating data and subsequent analysis of crude oil samples at Temple University, Kinder Morgan and QS Energy are considering moving the AOT test facility to a different, higher-volume pipeline location. The Kinder Morgan Lease is currently in suspension and lease payments have not yet commenced.
Agreed that was proposed years ago but management squashed it so they could all keep warm and fuzzy with their golden comp packages. I’m out of equity completely. The only people that made money were those that shorted it.
Smile the acid test is performance and Qsep /zero has never hit the endpoint of developing a revenue generating concern through whatever products it has launched. Tao has been with them for a long time and has made claims of power savings and viscosity reduction across a wide spectrum of feedstocks that would change industry as we know it. Yet not one winner in the bunch. If Tesla launched a failure product like the Edsel every year for 18 seasons I doubt anyone would take Elon seriously and he would not be able to continually fluff the results and raise money. Qsep continues to raise money after nearly two decades of trying!
The company now has attempted a reset but there only so much lipstick you can put on pig. Qsep isn’t some isolated case where they made some early mistakes in developing its tech but a continual pattern of new money raises and additional promises. Lane seems to recognize that he can’t continue this course so he has toned down the fluff and slicked up the website but the pitch remains the same! The recent disclosure about the KMI status just reaffirms that two major N American operators passed on this technology. This after seeing all these numbers and reading all of Tao’s work. No orders, nada, zip, zilch! Merit is based on performance.
Well if Tao has been fudging results for years then in my opinion shareholders have recourse against Tao and Temple. It’s still would no doubt be a long shot but something has to give. The current system allows this nefarious relationship to continue unabated where a University basically lends legitimacy to Qsep and Tao is the poster boy. I’m sure they have enough legalese to cover their butts but at some point someone will bring s lawsuit against this type penny stock maneuvering!
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INCORRECT. Director Bunting converted his 179,710 options 10 years before the expiry date. Below is a recap of all the RECENT "INSIDER BUYING" by QS directors. “
Another ridiculous assumption! Qsep needs the money now not 10 years from now.
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Yes, more "INSIDER BUYING" by director Eric Bunting. He converted more of his options into shares. Another vote of CONFIDENCE for the PROVEN AOT & QS Energy”
Well not really...company needs money to pay the electric bill so the options conversion goes directly to company dollars. Problem is they need another 2 million for 2018 so $12,600 ain’t gonna cut it!
Burned like toast with this equity. While I cant argue the trend at this moment this company has always taken care of its insiders way before shareholders.
It was a typo so don’t get too excited.
The point was and continues to be timing. Clearly Qsep is years from monetization even in the unlikely event that Qsep actually lands a few pilot tests this year. It still will take them years to roll out anything beyond a few units.
Btw if ever I would even consider buying a single share of Qsep I will be happy to admit it. As of today I’m not drinking the kool aide just yet!
Great work that has only burned money not create sales.
Qsep is “slicking up” it’s pitch. Must be “road show” time to raise another private placement or something creatively similar. I had to laugh as predicted the old test rig from RMOTC is now proudly mounted in front of Qsep HQ.
All the pieces are in place now and they will no doubt try another total reset. The problem is they need units running for months to prove Tao’s devices actually work and I doubt any major is going to commit a total rollout of Aot until they have months of controlled testing under their belts.
We are years!
Wow!!!!qsep uses industrially rated pipes to create all that magic! I thought it was just pvc! Break open the champagne!
Nothing mentioned about how many units need to be placed or what the cost of operation in power is or what Qsep needs to spend to build out 10 or 20 units and outfit the entire line!! It’s all just fantasy numbers that have never been proven out by any real field test.
The concept of paying a $1.50 per bbl more to ship a slightly higher % of crude dilbit (74.5 vs 70) may seem enticing but operationally this doesn’t seem to be that substantial ie batched crude pose all kinds of issue in pipelines and Aot has barely a 2 days of full scale testing under its belt.
The capital cost of building and installing and maintaining all of these units is a huge it won’t produce a revenue stream until Qsep builds them all and outfits the entire line. If they received an order today it would still take several years to see a dollar in sales.
Great change from green to blue theme! Break out the champagne!
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the major claims this company makes are around the speed of their transforms, radiation, portability, image quality, etc. from the tech perspective, these are really the claims of interest. the company quotes transform speeds which are next level if true. “
Well there is the rub. There are computational limits to these fast Fourier transforms and unless the company shows specifically how it’s accomplished then I doubt anyone will buy the golden algorithm sales pitch . Pennys always promise “next level” performance but if it was true it would not take long for them to JV with a major operator unless current management is woefully inept at monetizing what’s left of its ip.
C arms own this space and the key selling Dominion feature was real time imaging at Costco prices...on wheels. i3 never proved it could monetize whatever wizardry that DJ claimed was so revolutionary so if i3 system is valuable to market then the logical move is to joint develop with another larger better capitalized company.This should have been done years ago without going public. Instead they did money Tv shots!
Engineered excitement along $13 dollar end of day trades to keep the ops from from diving.
Wow... 12k buys another 2-3 days of operations. Break out the champagne!
Comeback of companies in financial default with their lenders? Not going to happen...go to Vegas and bet crap table hard ways propositions. Way better odds.
Dude I’m well aware of the pitch that investors don't care about where a stock has been but only where it's going, however, it has little relevance here. Qsep history is the only reliable indicator as its financials have been dog crap for decades! The only reliable info in the disclosures is being able to tell the month the company will run outout of cash! No other real info is available other than the fluff balls of regurgitation.
I have read the flog journal by Qsep. They still show a pdf online of the 4pack as if they still have this on an active pipeline. This is the same story but now with a different product pitch. All of Tao and company’s field effect devices may work rheological wonders in the lab but in the field they are no active products that have been proven to generate a single reoccurring dollar. It’s moot ZF markets getting slammed today and we are all giving some back.