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Sign says .98 acres! That includes Qsep central! Time to talk to a different set of “salesman” ha!
ABSOLUTELY FALSE according to the EVIDENCE in the link below. This is why I do my own d/d & only take advice from professionals who know what they are talking about.
https://www.instantstreetview.com/@30.108911,-95.592687,88.95h,5p,1z
Interesting that according to google earth street view there is a “for sale” sign located at Qsep hq. The shot had been updated and copyrighted 2017 and shows the the new Qsep sign blotting out the previous JBL sign.
lol...I love it when pro Qsep post are edited to take out all the stuff! This live has been struck from the post.
“The Kinder Morgan Lease is currently in suspension and lease payments have not yet commenced.
“
Yep didn’t pay a dollar...this after paying for development, shipment to and from on several occasions while the crack team tried to determine why the magic pipe lost its mojo.
Nobody is buying the continued interest story. This is an obvious dilution machine where only friends and family make some cheddar.
“ORRECT. Not only does TRANSCANADA want the PROVEN AOT, so do CENOVOUS. Sales of the PROVEN AOT are FAST APPROACHING. FURTHER EVIDENCE the PROVEN AOT will be going to CENOVUS in CANADA as per the FACTS in the 10k below. The big players in the oil industry want the PROVEN AOT as per the EVIDENCE below. This is about the PRESENT, NOW & the FUTURE, not what happened 15 years ago. “
Lol...Tcpl terminated years ago but apparently it’s ok to keep promoting the wishful thinking that a terminated field test that failed miserably might generate a sale. It’s just fantasy! Just like the yanked KM rig which also was an epic fail!
Nothing false about a 90 termination letter for a 6 month lease that included options for a purchase or long term lease extensions. This was the result after this flagship test by the the only major willing to fork over actual dollars. Tcpl saw the data and the equipment was promptly shutdown, disassembled and shipped back and now resides in the new Qsep hall of fame museum located in Tomball Texas!
Not many investors are buying the story that Tcpl is still a potential customer or even have a “continued interest “. If they did logically they would have kept the equipment and continue the field testing for far more than just s couple of days. Management has misrepresented the facts about the result of the Tcpl and the Kmi pseudo contract and has yet to come clean on why no orders resulted from both of these heavily promoted events.
The results speak themselves!
“
Please be advised that Contract 11124 relating to the Equipment Lease I Option to Purchase Agreement between STWA and TransCanada Keystone Pipelines, LP is being terminated effective October 15th, 2014.
Termination Clause 14
"During the Initial Term, either Party may terminate this Agreement at any time for any reason on ninety (90) days written notice to the other."
The justification for the early termination is due to the project working to expedite the required testing and believes the full term of the lease is unnecessary to successfully complete testing.
Please acknowledge receipt of this letter by signing below and returning one copy to Sheelagh Forsyth at sheelagh_ forsyth@transcanada.com.
Regards,
/s/ Derek Brammer
Derek Brammer
Project Manager, Keystone Pipeline Project
cc: Ben Weber, TransCanada
Sheelagh Forsyth, TransCanada”
Once a Qsep investor starts to disbelieve the party line they are of no use to the story anymore. Qseps only directive is to show movement in the direction of commercialization not actual sales. So as predicted, Lane gives his building a makeover and it now becomes a warehouse hall of fame for all of the Qsep prototypes that weren’t ready for prime time!
All manner of measurements have been made on the magic pipe. The inventor has made public claims that Tcpl saw reduced power requirement on the order 70% . No reasonable person can believe Tcpl would walk away from such an amazing discovery. The same for Kmi so called “test” both times the equipment did not end up enticing either party to do further research or modification. They both cut and run. The last without paying a dime! Business is cruel.
Business does not operate on wishful thinking and ramping of any Qsep production would not happen unless contracts are in hand. No business would risk building anything without one...unless of course the objective is to “appear” like they are prepping for something big. A cursory review of the financials show no such activity is underway!
Not true below is a recap of all Qsep booked orders:
0
“
one would think a sale would be needed prior to manufacturing”
Exactly and selling equity to finance orders would be insanity.
2:1 conversion?? It will be much higher than that! This is just another in a long line of creative funding options Qsep has cooked up to bankroll an ever increasing SG&A expense! Company needs another 3 million just to make it through the 2018.
“wer requirements (Figure 14b).
Figure 14b displays the experimental pump power reduction after the application of ER treatment. Before the treatment, the pump required a power of 2826 kW to transport the crude oil. After 2 hours of treatment, the pump power requirements stabilized at around 800 kW, while Q remained constant at 2280 m3/h. In this case, the total reduction of pumping power requirements was 71.7%.
In this experimental study, the AOT device required <1 kW of power; while the pumping power required to transport the heavy crude oil at a Q = 2280 m3/h was signi cantly reduced with overall power savings > 2000 kW. These experimental observations con rm the theoretical predictions and demonstrate the e ciency of this technology for transporting heavy crude oil via pipeline.”
Let’s just look at old Tao’s claims!
Flowrate on Tcpl test 2280 m3/h which should be no surprise that it doesn’t equal the much advertised 500k bpd. I’m sure investors must be happy management strapped four Aots together so that they could run a lower volume test for just a few hours! This all cherry picked data that will never hold up under industrial applications.
That’s why Tcpl yanked it, terminated the contract after only 90 days even though they had a 6 month term! Then to add insult to injury management claims the Tcpl device was “ underpowered” and no conclusion could be made but Tao clearly states he saw world changing power savings! Any engineer making those claims at a private company would have a short period to prove the theory. Tao has had more than a decade and still going strong. It’s s pay to publish mentality and nothing has changed. His data would be ripped in pieces by any reasonable scientific examination of his these outlandish claims. 71% reduction in power!!!! Really???
“TransCanada & the PROVEN AOT.
In its most extensive testing during this deployment, the AOT was operated under full-scale commercial operating conditions over a two-day period. “
Wow 2 whole days! That’s not even enough to test if it can withstand weather never mind actually pump 500k bpd!
Facts are facts. No matter how it’s spun. Qsep is a long shot of unimaginable odds yet it’s unproven claims are continuously promoted with data and Tao talking points pulled from his presentations as if it’s absolutely true. If any of it is even 50% correct it would make it a major discovery that would benefit all fields of science and likely win a major award for the discovery. Instead the company and Tao recurve little industry or scientific journal coverage and the best news discussed of late is a possibility a of change in Corp tax rate even though Qsep doesn’t need one!
Lane may bring contacts and connection and even some money to the table but he can’t make Au from Pb! If Aot works as advertised there is no real selling. The viscosity reducing effect is claimed to be observed as early as 2009 yet not a single executive has been able to monetize the energy space with any Qsep product. Previous management walked with fat severances paid for on the backs of investors even though they made stupid licensing deals that continues to milk the company’s cash position today. The current CFO did nothing to prevent Bigger from renewing his contract. No reason he should be able to collect a check for “running” the company from his wet bar...and no reason anything they say is the truth.
Absurd...tax law change if any needs to be spelled out before any company can set policy or ink deals. if Qsep is so wonderful then no one would wait...they certainly would not hold up a test...which as of today, not a single energy company is currently running an Aot in any capacity!! The states company strategy is to give away proto units for free until they can prove themselves! Apparently Taos magic data facts are not seen as believable!
Carried forward Operating losses only benefits Qsep if they make money... which is a concept that Qsep management has been touting for years!
It’s the bee Qsep “grasping at straws” strategy!
Lol...you too Tp...remember without a different view there would be no market!
Reduculous assertion..Tao is a professional pay to publish professor.
China has seen and demoed the Aot for years ago and yet they have failed to pulled the trigger. This after supposedly witnessing an 80% reduction by just applying a few micro amps! Yeah right...I have a bridge for sale!!!
According to Tao the treatment works on everything from oil to chocolate...and even blood! If it was even half true there would be a slew of companies lining up to buy Qsep. Instead they have to hock convertibles to keep afloat!
You called that event years ago!
“
I just got a sense of de ja vu “
Well it is likely the result of Qsep pitching the same reworked format year after year! It sounds like the latest road trip will be generating tons of “interest”
Btw Imo calling out the cash issue should weigh heavily on all investors mind yet it is repeatedly brushed off as a minor technicality! It’s not. In fact it should be a major consideration. The dilution is double digits this year alone and it’s going nowhere but up!
Qsep may have some new faces but the game hasn’t changed.
More fun facts:
2017 Cash used in ops by Q&Month
per Q
10K 10K Monthly
10Q3 1395000 $630,000 $210,000
10Q2 765000 $594,000 $198,000
10Q1 171000 $171,000 $57,000
per Q Monthly
2016 10K 1676600 $275,600 $91,867
10Q3 1401000 $480,000 $160,000
10Q2 921000 $403,000 $134,333
10Q1 518000 $518,000 $172,667
“
All companies burn through cash, period. “
Not profitable ones with a real business or where a logical investment can be quantified and measured. Good lord man...this company is insolvent with increasing negative shareholders equity and all I hear is how wonderful management is doing by diluting the crap out of the common holder! If they can actually inks a deal that begins to cover the SG&A than maybe it would warrant a second look but that’s so far out of the picture it’s insane to even suggest it.
“
QSEP has needed to raise money until it can achieve revenues, that time is fast approaching. The transition to sales should be smooth thanks to the preferred shares and change in the SS.
“
lol!!! Same old argument but a different year! The OTC maybe a haven for worthless companies but thats not a legitimate reason for an investment in Qsep. Besides they cooked through millions of dollars of investors cash with absolutely nothing to show for it except overpaid executives and tons of Magic pipe now rusting in Tomball...this after over 18 freaking years of throwing darts and drinking beer on the shareholders dime!
Lots of fluff but few facts. Here are a few that are inescapable.
9month cash used through q3=1.369M
6month cash used through q2 =765K
3 month cash used in q3 = 604k
Daily burn rate is now $6700
You must mean the agreement in Gregg Bigger’s made up “oils of the world” lecture. Lol!
“In pursuit of additional opportunities within the Colombian energy sector, we have established an agreement with Finamco SA, an asset-based lender active in high-growth and emerging markets in Columbia. Working with Finamco management we expect to continue to benefit from introductions to senior management at several of the other 12 private sector crude oil producers active in this market, beyond the one that they have already provided. As in other pending overseas AOT projects, our goal is ensuring the most favorable terms possible for our shareholders and maximum return on investment for the customer.”
Yeah it’s been a real benefit to Qsep so far with zero dollars changing hands! Bigger cut and pasted this nonsense 15 months ago and then got a two year all expense paid vacay!
All of South America doesn’t equal US production. Peru is a mere 45k bbl a day. Brazil and Venezuela are the major producers and I doubt Qsep going to jump in bed with a socialist government. 9 Million barrels per day are produced from US energy companies. It’s silly to consider any other country except possibly Mexico.
If Qsep cant sell this technology in the US it’s absurd to believe they can get a South American player to do so. Shareholders are again being played like a fiddle!
Exactly..they need to fabricate all the equipment and then develop an on site support network...all upfront on the backs of investor dollars. Customer commits to nothing but to pay for actual savings. Then if the equipment fails to actually deliver the claimed savings the customer will pay nothing. This whole E(product) strategy is just about connecting investors with idea of gold flowing out of pipes and into the pockets of Qsep and lucky investors. It’s an old trick but works like a charm!
No reason to seek offshore business when they have been unable to secure a single local business opportunity in the US. Management is not stupid...they know how to package up a product presentation into a paper sale just like Cecil did years before! Its been two Qs since they reported that the KM contract is not generating a revenue and in suspension but they don’t describe why. Investors are now magically to believe in South America. Let me guess: Aot is solid state...will never need servicing or can be remotely fixed without the use of a tech on site.
Key caveat which allows them to continue the spin:
“2018 depending on the availability of sufficient capital and other resources.”
Company is consuming $6500 dollars
a day and is basically insolvent. At 590k in cash as of the Sept 2017 gives them only until the end of the year. It’s no wonder they are on the road to hock shares. The company needs to raise 2-5 million just to cover minimum expenses through 2018. Company R and D budget nearly completely consists of licensing maintenance fees including fuel injection devices not even listed as a company product! It boggles the mind how these major financial deficiencies are brushed off as a mere byproduct of this so called amazing technology that no one wants!
No orders are imminent and that is the reason there is no communication from management. These are desperate times and they are hitting the road to sell unregistered securities into foreign countries. This has always been the story and will continue to be so until the company purges itself of its nasty taint!
Qsep is now effectively trapped into a relationship with the CEO before he can book dollar one! Watch as the Corp writes a lease for his small site for the added shed construction of the AOT museum.
Math Mike is too busy running the company from his living room overlooking the Pacific Ocean to take a road trip!
The object is to move the product out not in! Any improvement to Lane’s property is just that..paid for by Qsep who will soon be renting storage space from an accommodating CEO who also run another business out of the same location. Oh the Hilarity!
Entire lot is slightly more than an 1/2 acre with most occupied by buildings and parking. What ever they have constructed it’s a small portion of the remaining lots and but worthy of calling it a facility.
Bye bye Pool...could make one purchase with this blank check company!
“Additionally, QS Energy Pool, Inc., a California corporation, was formed as a wholly-owned subsidiary of the Company on July 6, 2015 to serve as a vehicle for the Company to explore, review and consider acquisition opportunities. To date, QS Energy Pool has not entered into any acquisition transaction. However, the Company will still consider entering into potential beneficial acquisitions. The Company is considering dissolving QS Energy Pool to reduce costs associated with operating this subsidiary.”
This is a chili con carne of a company who knows how to put on a show for investors willing to gamble done scratch! Qsep management is so desperate that they announce the news of them moving all the great white AoT’s into some constructed shed in the back parking lot as a “facility” it’s just pathetic. Harsh reality they still owe Temple hundreds of thousands of dollars and are consuming 200k per month. Watch as the SG&A gets ramped up in the final Q of this year.
“The answer is obvious. Why would they be building an outdoor facility for AOT's if they did not plan on storing AOT's??”
The property is not big enough to be called an “outdoor facility” and they need to store these magic pipes somewhere. This was a very easy call to make. DisneyLane is the new testing facility HaHAHaHA!!! Math McMullen hands all over that release. Meanwhile 200k burned every month!
Yeah it’s called a shed to store all it crap products it can’t sell! If there was any doubt about new management it’s put to rest now. This the same show different day!
“
As of September 30, 2017, total unpaid fees due to Temple pursuant to these agreements amounted to $786,000, which are included as part of Accounts Payable – licensing agreement in the accompanying consolidated balance sheets. With regards to the unpaid fees to Temple, a total of $108,000 are current, $370,000 are deferred until such time the Company achieves a revenue milestone of $835,000 or upon termination of the licensing agreements and the remaining $308,000 are deemed past due. The Company is currently in negotiations with Temple to settle or cure the past due balance.”
But I thought 500k of licensing was just “written off” hahaha! Sheep to slaughter!!
"No better way to tell investors that sales and revenue are coming. And, in general a quite reliable bullish signal to the market."
Please... there is no sales on the horizon and the company at best will need years to develop a product and support system that can never replace existing technology.