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Lol! Yeah right we have heard that before. There will no lease by the end of this or next year and the merry go round will keep spinning.
"As of June 30, 2017 and December 31, 2016, total unpaid fees due to Temple pursuant to these agreements amounted to $840,000 and $727,000, respectively, which are included as part of Accounts Payable – licensing agreement in the accompanying consolidated balance sheets. As of June 30, 2017, $222,000 of the $840,000 payable has been deferred until the licensing agreements are terminated and $581,000 is deemed past due."
The claim that Elektra or any of the the auto/truck/marine product is alive and well is absurd. Qsep has been unable to pay its accumulated unpaid fuel injection license maintenance fees to the tune of 581k while executive gets fat severance payoffs but according to many, Temple will just write off this debt and still maintain all the terms and conditions without receiving a dime. Note also that the fuel injection license requires 125k a year to maintain while the oil viscosity license is just half that amount. The removal of all reference to fuel injected products from the disclosures clearly shows that company is planning to kill that license agreement...as they should but that means promoting that Elektra or any other fuel injected device is still a valid product is simply false. Par for the course...new management is the same wolfs dressed up in sheep skins!
Great the world is not at peak Oil! Whew!!!...And of course this has no effect on Qsep , who can't seem to find a home for any of its magic viscosity reducing products.
Cat-mate- dead
ecochgr - dead
magchgr- dead
Zef. - dead
Elektra. - dead
None of the above are mentioned in recent Qs or have ever generated any consistent reoccurring revenue. This shows a consistent failure to show efficacy. These products products fall under theTemple fuel injection license which is in arrears to tune of several hundred thousand dollars.
Tao was involved with Elektra yet the company failed again to monetize any of his designs. This pattern repeats with this latest management reset.
And? As a percentage those that are short are statistically insignificant. I also would like to point out that Mueller and Blackwelder were sanctioned for stock manipulation and the SEC specifically mentioned false message board postings and fake news to exclusive benefits of their own self interest. This is illegal...shorting stock is not.
Sorry Elektra is dead. Not even mentioned in Qs and Ks anymore. Piled in a heap next to other Qsep failed products:
Magchgr
Ecochgr
MK IV
Cat-mate
Zefs
I don't get the preoccupation with "shorting" as it is not a real consideration. After 18 years of Qsep chicanery it's surprising that it's not more decidedly negative but the small percentage of shorts is not appreciably effecting trading .
The facts on the ground don't support the much predicted fourth coming Qsep "big event". My prediction... more tests and trails and redesigns and retrofits. Ever news release will be heralded as further proof that the golden pot at the end of rainbow is just inches away! I would expect the pr flurry right before the Q.
Not true. Investors cash was not predominately used to develop AOT.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6884627-839-484961&type=sect&TabIndex=2&companyid=71342&ppu=%252fdefault.aspx%253fcik%253d1103795
The first mention of Aot is in the 10k 2008 with a one small paragraph:
Applied Oil Technology
The pipeline construction industry in the U.S. was approximately $11 billion in 2007 according to October 27 2008 “Pipeline Construction U.S. Industry Report” from IBIS World. The overall pipeline industry is forecast to grow at 4.7%. Management is in the process of developing more specific analysis of the market for the AOT products.
Accumulated deficit to this point was 42 million.
One year later still barely a mention:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7158450-834-454438&type=sect&TabIndex=2&companyid=71342&ppu=%252fdefault.aspx%253fcik%253d1103795
Accumulated deficit to this point was 49 Million. Aot doesn't even exist yet.
Then magically in Q1 2010 it becomes one of three of company promoted products!
Aot listed third with the most emphasis placed on its fuel injection device Elektra.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=7260203&companyid=71342&ppu=%252fdefault.aspx%253fcik%253d1103795
Accumulated deficit to this point was 55 Million.
Then in 2011 it becomes one of two product lines as it's legacy products drop like flies!
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7832245-10330-104153&type=sect&TabIndex=2&companyid=71342&ppu=%252fdefault.aspx%253fcik%253d1103795
Accumulated deficit to this point was 58 million and operations costs represents over 70% of this figure!
R and D paled in comparison. So even if one attributed 100% of Qsep resources going forward from 2010, its relatively easy to determine that this company has spent most of its resources on administrative costs like payroll and executive compensations. No legit company blows this kind of wad without nailing down contracts. No legit company would allow the paying of these ridiculous severances with zero attachment to performance.
"
Well see where cell phones are today everybody said that it was ridiculous and it would never work .
"
Cell phones are derivative of FM radio technology which provided a great benefit to mankind for decades and was developed from a core technology that was adopted internationally as one standard of wireless transmission.
The rheological effect of current running through an ever changing batched quantity of crude oil is unproven and the scientific methods used have been suspect at best. The company cannot make claims of efficacy or say it's tech is proven unless they want to be admonished by the SEC once again. The technology will only be considered proven when and when a major customer agrees to purchase rent or pay as they use these devices. Until that happens one must consider Qsep an experiment and not company on the verge of creating a new niche business. Revenue are not coming anytime soon and the next flurry of releases will be more of same hope and promise..repackaged and reset with all the new directors ready to eat desert once again!
Aot is piece of machinery which at best has only a few controls that can easily connect through whatever process control that is utilized. One cannot call something a "technology" if it's not been vetted and adopted by customers who actually move product through s pipeline. Especially from a company like Qsep who has tried and failed to market a half dozen products based on this exact same concept.
lol! Read the article again. This has nothing to do with Qsep supposed technology but with automating and removing the human element from operations.
" Post# 42320
What makes you think QSEP needs to be on the QX in order to uplist to Nasdaq"
The Nasdaq least strenuous requirement is standard 4 which would require 80 M in Assets. The companies current liabilities and debt exceed all of its cash and stash of giant magic pipes. The probability of Qsep increasing its balance sheet by that much within the foreseeable future is a decimal .00?.
Yep that's it...for qsep they qualify only for the OTCQB which requires a 1 cent bid.
Qsep net asset value is negative which puts them in the OTCQB tier. They would need to maintain a 2 million dollar NAV to be eligible for the OTCQX.
I have nothing to learn from Qsep whose management consistently intentionally misrepresents the facts and the results of its testing. It's a joke and the Q will tell the real story.
I wonder how many years investors will give Lane before they cry foul. I'm
thinking at least three! It's a crime small business owners can't do as Qsep successfully does every few years and just hit the reset button and get a free ride.
"
Yes, but I wish I had purchased all the way down to 5 to 7 cent range. I took my eye off the ball."
Ball...lol!! Dude Qsep 70 m dollar market cap today is insanity. It has no basis in reality and only in the OTC can it fetch these prices for this level of incompetence. All field tests to date have failed and the company intentionally covered it up just like they did when they dropped an entire line of fuel injected product for which the company was named and promoted which also failed to be monetized in any fashion! Besides that, on average an investor who bought stock over the 9 year to date was diluted on average 1/3 each year.
It's the gift that keeps giving!
Qsep only legitimate technology is selling lots of sizzle which investors seems to love to eat up these days. At some point they will realize they are eating a bowl of steam!
"
If anyone thinks QSEP is highly diluted all they have to do is look at the hundreds of OTC companies who are diluted to the tune of multi billion shares or more.
"
Yes...well Qsep diluted over 300% since 2009 and up the authorized twice since then! I'd say that would qualify Qsep right up there with best of the dog crap OTC equities that are "highly diluted" especially as many of those offenders trade for fractional pennys. It matters little...investors have let the coyotes into the chicken coop. Qsep is and always will be a paper selling machine and now the new guys have a brand new toy boxs full of new stock which will allow them to keep enriching themselves, friends and family.
"But the argument that issuing shares is some egregious act that only QSEP a guilty of is ridiculous and grasping at straws. Especially on the OTC where many companies have BILLIONS of shares outstanding!
"
Taking investors money for over 18 years without producing a single revenue generating product is as egregious as a company can get. Whether it's on the BB or big board makes no difference. The argument that OTC is full of companies blatantly wholesaling its paper is somehow a legitimate approval for Qsep to do the same is absurd! Qsep investors should be wary of the "don't worry about dilution " spiel. The numbers speak for themselves. 2018 will more of the same. No contracts, more promises and more stock sales! That's the only sales Qsep will achieve.
Facts are facts. 38 Million new shares eclipse all year end totals this decade. Qsep knows how to pitch its paper for sure! 2018 overhead will only get larger which means another 25-30 million shares will be for sale throughout the year. This lever of dilution year over year is a Red Flag that can be seen from space!
Facts on Qsep dilution. Qsep just exceeded record share additions in the last decade and we are only in Q3!!!
added percentage
2017 230,914,605 38,082,795 19.75% Last 8K
2016 192,831,810 9,000,233 4.90%
2015 183,831,577 2,803,333 1.55%
2014 181,028,244 4,785,427 2.72%
2013 176,242,817 32,575,247 22.67%
2012 143,667,570 29,394,100 25.72%
2011 114,273,470 22,820,276 24.95%
2010 91,453,194 20,163,798 28.28%
2009 71,289,396
They didn't vote or abstained which means the amendments passed by only 53% not exactly the land slide that many been celebrating.
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In my opinion we will see these 2 big industryp participants take up the technology by first half of this year.
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Welcome to the 2nd half of the year and confirmation that prediction don't put dollars in the bank!
Never said they would fold. Said they would continue to raise money as long as possible on the backs of investors while enriching themselves along the way. The history of this company
I have no idea how long this entity will last and makes no difference. A negative ROI speaks for itself.
Yeah well Qsep with have double digit dilution this year and next. That's just a function of the cash burn. The problem for Qsep Pros is the total absolute lack of sales. It's fluff proof! That cannot continue for very much longer. Lane now has been at the helm for 9 months. No new field testing has been initiated and all info point to nothing on the horizon but promises. He major accomplishment was to let Qsep move into his facility and erect an Aot as a statue!
Cecil made the claim of profitability in 2009 with Elektra. Bigger told story of macro oil markets...I can't imagine Lane will be any different!
Congratulations in authorizing the siphoning of ownership and management's new blank check book.
Yet they get a free pass into the sunset while joe common gets nothing but sizzle on s phantom steak.
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Soon you will learn painfully that the AOT works brilliantly and will sell into strong demand.
"
Painful how so? If Qsep goes up or down it has zero effect on my lifestyle where some posters claim they have life savings on the line! Imo it's pure Insanity as the data is clear. This has yet to be proven to work and isn't going to do so anytime soon. If they do prove it's viability then EVERYONE will see it. When a small company starts making money it's easy to spot in the financials. Getting hyped in to a buy before the gold rush is a red flag the size of Nevada!
Bigger is happy to unload his shares of which he has millions as does Cecil
Who is happy to sell at these inflated levels and every other insider who got a "special" deal in exchange for playing ball with Qsep. The offering at. 25 cent shares are in the money so you can bet they will hit the exits soon. Keep pitching because Qsep has failed to prove it is a legitimate company with real technology. Until they do, I can even begin to understand why anyone would invest dollar one into a giant magic electric pipe that has never been proven to work after years of trying. Nothing is different now except the faces and some slick insider moves to firm up the corporate appearance and commitment.
Big blocks cashing out
"Also remember that there is no max P/E on OTC lol, it just doesn't exist. Stocks on the OTC go up 1000%, 2000%, 5000% and the P/E's really never come into play. "
Extra Extra read all about it! No official max PE on the OTC or any other US exchange! Whew!!! I was worried there for a moment!
"
A half-billion dollar market cap seems a bit high, but this actually gives us some not-so-unreasonable metrics:
EPS = $0.002
P/E = 1000
So 5 mil net earnings would represent a P/E of 100 at $2. Even with all 500 mil shares floated, that would be 200.
"
500k in profits is a major stretch 5M is pure fantasy. Fundamentally it's impossible to make a case for Qsep for the current valuation.
" It took longer to workout the kinks in the tech than shareholders anticipated. Bigger did it and left the company in good hands."
Lol! Yeah just a bit...11 years since the magic pipe white paper. Bigger biggest accomplishments was to renew his own employment contract and break the Santa Barbara lease a year early. Great job Gregg here is $630k for the effort!
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$500k trailing 12 month net earnings (not asking a lot here!)
250 mil shares outstanding (almost there)
$2 stock price "
Ahhh yes it's is asking a lot as Qsep has been unable to generate a single sale and is still in the "drawing board" stage with its so called technology. Breakeven would require sales of 10 million. I'm sure most will have plenty of time to see ramping of any sales activity.
Operative word "perceive" lol. Qsep great at creating fantasy story and trying to buy legitimacy. Like Tao, who is a pay to publish professor. Aot is based on his papers and limited industrial engineering experience so while lead still can't be transmuted to gold the appearance that it might is enough to drive the story and attract speculative investors. Lamb chops soon!
More Financial engineering. They are short therefore Qsep needs to buy the proposal with these insiders buys. Qsep needs 23m shares which is way too much to get a retail buyer to flip when they still are negative 70% ...so they engineer it. They also get the benefit of looking like something is brewing...but it's just day old coffee.
Look, this is a fishing exhibition!Virtually no chance i3 will survive given its cash position and debt.... but you know that.
Oh that's great news...congratulation on authorizing more dilution!
It's too bad the company doesn't make anything of value that can be sold and quantified as an actual business. It's fascinating to hear the continual praise for Qsep because of its bounce rally a mere quarter of its previous percentage drop which is due to a new CEO and his willingness to play ball. That and the fact that the proxy authorization will likely get passed giving new management a blank check and the leisure to show investors it can keep kicking the can down the road with best of them!
"Since we passed the August 7, 2017 record date cut off for determining stockholders entitled to submit consent for the Proxy Proposal, these shares are ineligible to be voted "to engineer the passage of the proxy". Oops, there goes the "choo choo" theory. "
Dude...this is a record date for being a shareholder. He was a shareholder prior to this date. The rules say nothing about a shareholder adding shares and whether those share can be voted after the record date up to the Oct 7th deadline but I'm confident those share are free to vote. This is sure some form of financial engineering you can bet on it which is the only type of engineering Qsep is good at. Unfortunately it's product engineering sucks so bad it has been unable to book one order so they must revert to will what they know how best! Selling more diluted paper.
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NOT TRUE according to the EVIDENCE in the RECENT 8k filing below. The $500k has been written off by Temple University & is no longer payable by QS. The balance sheet will now look much more better with the reduced debt owing. The amended agreement clearly states the reduced debt payable. This is why I do my own d/d & only listen to smart attorneys & stockbrokers who know what they are talking about. NEXT "
Wow...even when the disclosures clearly detail the two separate Qsep license obligations to Temple, this argument is still floated with a bevy of misinformation. Even more absurd is the idea that on one hand Elektra is hasn't been killed but on the other hand Temple supposedly just wrote off 500k of licensing fees for that very fuel injection device(Elektra). lol!
Speaking of worthless Qsep patents, the licensing agreement for the fuel injection line has a huge unpaid accumulated debt and theoretically a continuing maintenance fee of 125k per year. Since Elektra is no longer mentioned in the most recent Q, it stands to reason they intend not to pay that debt or ongoing fee.
Like you suggest, Temple is not bothered by all of this delinquency because any payment for Taos work is a windfall.