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So wrong...
I know the CEO well. Great professional credentials and, according to the FACTS noted in today's financials PR, also producing GREAT RESULTS.
"Company Sees Revenues Up 127% Year Over Year"
Fourth Quarter 2017 Milestones and Updates:
*Announced new cannabidiol (CBD)-infused pain relief products, Maggie's Mist© and Maggie's Balm©, 100% organic, with premium CBD
Showcased Phyto-Bites at the 4th Annual SuperZoo Show 2017
*Engaged Eventus Consulting, P.C., to assist with the completion of preparing accounting records for the current audit and to facilitate final preparations for the SEC registration and filing
*Sponsored “Athletes for Care” at the Cannabis World Congress and Business Exposition and the 3rd Annual Southwest Cannabis Conference & Expo, demonstrating the Company’s commitment in developing sustainable health solutions for athletes
This ticker has nowhere to go but UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUP!
GLTA!
Some related historical news about the PURA-ALK distribution agreement:
Dallas, TX -- October 4, 2016 -- InvestorsHub NewsWire -- Puration, Inc. (PURA) and Alkame Holdings Inc. (ALKM) today announced entering into a collaboration that includes packing and distribution agreements, to develop and market CBD infused beverages, in addition to increasing distribution of existing Alkame products. The agreement is a further example of Puration’s advancing cannabis extraction business plan further bolstering Puration’s $3 million forecast.
Alkame Holdings Inc. is a consumer goods company specializing in brand development of health conscious beverage products, utilizing its patented water treatment technologies. The Company currently markets Alkame Water, a line of micro-clustered alkaline waters specifically designed for the health and wellness market segment. The agreement with Puration has been executed with Alkame’s wholly owned subsidiary, Xtreme Technologies, Inc., a manufacturer and product development services company with a core focus on Hemp and CBD infused products.
Puration utilizes a highly refined cannabis extraction process to deliver consistent and high-quality cannabis extracts. The Company is developing collaboration and cross-marketing agreements with food and beverage companies infused with Puration’s cannabis extracts.
Together the two companies plan to collaborate on the development and manufacturing of Puration’s line up of CBD infused beverage products for the health conscious consumer market.
Through Puration’s strategic partner, North American Cannabis Holdings, Inc. (USMJ) Puration has established a strategic distribution agreement to make Puration extract infused products available at retail outlets. Alkame Holdings and Puration’s comprehensive agreement is structured to enhance sales of Alkame’s existing product line through Puration’s strategic distribution channel.
Awesome work, Todd!
This guy is a FANTASTIC CEO with outstanding credentials. Now, he backs up his credentials with truly PHENOMENAL RESULTS. This stock has no place to go but UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUP. GLTA!
Wrong! Eakle sold all his outstanding debt to a venture/vulture capital firm that specializes in investing in startups via their debt load. The deal was closed in 2017. It required that ALKM bring all of its SEC required financial reporting CURRENT within the coming year. The terms of this deal were very reasonable for ALKM AND its shareholders.
We are NOW there. Expect reporting soon!!!
GLTA
Hope you are right about the FINs...
When they come out,
BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yes, but they've struggled for 2 yrs. or so due to an audit that turned up some dirt on their inventor company acquisition forcing a delay in the publishing of clean financials.
To be clear, the "dirt" was not Eakle's fault. His accountants discovered it post acquisition. He's been cleaning up that mess all the while he tries to gain market share with his unique Alkame water.
It's been challenging, but he's a "first things first" kind of CEO apparently. He seems to have delayed the financials because these weren't clean enough for his particular approach to doing business.
It appears the dirt has been cleaned and soon financials will be brought current, all IMO, for sure.
Cheers!
Alkame owns the patented filtration/oxygenation process. Bought the patents outright 2 years ago after working with the inventor company for years.
Eakle et all now offer co-packing/distribution services using their patented water to all comers. They are free to sell their own water or to allow it to serve as the conduit for other CBDer product lines.
Very sweet business model.
Flubug, Jason et al report nothing (timely), no progress reports (ever), no sales pipeline successes (not recently).
Consequently, we shareholders are in the dark (always). No surprise that there's little to no substantive chat happening on this board.
We've got ZERO (a/k/a QSEP) to talk about.
Great points, zerosum!
I tend to agree with Alkalinesolutions1...
March 2018 will be a turning point in long-term investor sentiment IF no bonafide AOT contract is signed by then.
ALL is on the line for Mr. Lane and his hand-picked team to CLOSE a real deal. The naysayers on this board cannot affect his sales performance either way. The totality of investor hopes rests on the shoulders of Mr. Lane to produce RESULTS in the near term.
Many of us have waited patiently through several company administrations. Sadly, that patience has produced a remarkable product that continues to sit on the shelf unutilized by major pipeline companies.
Most investors ask themselves daily, "Why is this remarkable AOT technology NOT being purchased hand over fist by every CXO in the pipeline industry?"
My answer: Most energy companies are managed by people who lack sufficient vision to overcome their FEAR of losing their current corporate position and income. Sadly, this is the state of every mature business industry worldwide.
What will encourage them to take the risk of signing an AOT contract. Simply, it will take masterful salesmanship to push them away from their dime counting to signing a deal that will propel them into the PIPELINE MANAGEMENT HALL OF FAME.
I think Jason Lane has the sales props. However, we can only hope and pray that his sales ingenuity is sufficiently robust to overcome the entrenched executive anxiety for self-preservation that is so dominant throughout the energy industry today.
It's in God's hands...
I think we've got a quorum, fellow QSEPers!
I've been at this penny party for going on 6 yrs now. And, I too bought all the way down to $0.07 per share at which I bought 50% of my holdings.
I'm thankful that I got the oppty to buy that low because it brought my avg. down to around $0.27. Oh THANK HEAVEN for "Seven Come Twenty-seven!"
Bottom Line: It's time for all QSEP naysayers and looky-loos to join us and start lining their pockets with shares before this ship sets sail for our home port, the Bahamas. Someone text Jimmy Buffet and tell him to make a picture of margaritas for each of us!
Let's be clear about QSEP's sales strategy...
QSEP logically will SELL AOTs in whatever way possible in order to CLOSE A SALE. If it's an e-Diluent deal the customer wants, fine. If it's an AOT lease deal, fine. If it's an outright AOT sale, QSEP will price/take that deal too.
To restrict customers to one or two of the above options would be business development folly. And, I don't think Jason Lane is a business development newbie so rigidly tied to a marketing idea (i.e., e-Diluent) that he would refuse all other customer desire contract options.
Right?
Right on!
Zeroedin, you're so shrewd in your advice to new investors. I too bought all the way down and now hold shares with a similar breakeven pt.
New investors, my echoed advice "BUY NOW that QSEP has bounced from its lows and is steadily climbing. You won't get another chance to own shares with a price point this low as there is mounting evidence of an imminent AOT CONTRACT SIGNING!"
Getter done, Jason!!!
What's changed?
Have the B-boys given up their disparaging posts about QSEP and its prospects for AOT sales? If so, WHY?
Perhaps they see an imminent AOT contract signature a/k/a "THE HANDWRITING IS ON THE WALL"?
Hmmmmmmmmmm...
I'm onboard too...voted YES.
Hey, we've got a brand new energy-centric experienced BOD. We've got an energy-centric sales guy CEO. Clearly, based upon the first SHM this team conducted as well as the latest 10Q verbiage, these leaders are a NO FLUFF bunch of dudes.
How does this relate? If they are NO FLUFF in their public pronouncements to investors about potential sales, it's like they're NO BLUFF when they say they're going to use these additional authorized shares to make us all RICH.
I say, "VOTE YES and BE HAPPY!"
RE: Latest 10Q...Mr. Lane is holding cards close to his vest.
Offshore Gulf of Mexico Oil Transport Platform: "Company engineers and supply chain partners have prepared an optimized configuration and production budget. Based on this optimized configuration, the operator is considering an onsite pilot test with full scale AOT equipment for deployment in 2018 or 2019."
Middle Eastern Oil Company: "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."
Canadian Oil Sands Producer: "In the fourth quarter 2016, the Company entered a contract to provide these onsite testing services to a Canadian oil producer and pipeline operator over a one-week period in early 2017 at a fixed price of $50,000. This initial test was performed in January 2017; data analysis and final report was completed in March 2017."
As noted, QSEP is putting nothing out there to give investors even the slightest measure of false hope. I for one am HOPING this 10Q communication style is simply a STRATEGY of under-promising while expecting to over-deliver before year end.
One caveat to your implied investment timeline...
Alkaline, I offer the following googled information:
"In the United States, for utility patents filed on or after June 8, 1995, the term of the patent is 20 years from the earliest filing date of the application on which the patent was granted and any prior U.S. or Patent Cooperation Treaty (PCT) applications from which the patent claims priority."
If this is correct, QSEP has until the early or mid-2020s to make hay with its AOT selling. After that, it's an AOT replication free for all as the patents will have expired on their proprietary technology.
If you and others intend to stick around for the dividends, you had better hope that by 2023 or so QSEP has garnered +90% market share and has built an unassailable brand as they will no longer be the only player in the AOT market.
If not, those anticipated dividends will be in question or at best short-lived.
Just a thought.
Just a thought on the Rasmussen hire...
Alkaline, I think a deal will be struck this year. As for Rasmussen being hired now, I believe he's playing a presales engineering support role.
As much was explained by Jason during the SHM.
What Jason said is that every major oil company EXPECTS to sit down around a table during the presales process and have their engineers quiz the vendor's engineers (Rasmussen) about the product technicals. He further explained (I'm interpreting his words) that big oil does not consider a vendor legit when they are lacking a sales support engineer to answer all of their product technical questions.
So, YES, there is a need for Rasmussen NOW to participate in the selling process. However, the pressure is on Jason to produce this year. Recall his closing comments from the SHM: "Looking forward to a prosperous 2017." He said in "2017" NOT in the "New Year."
Another Insider Exercise of Warrants!!!
Don Dickson just exercised warrants to purchase 385,000 shares of QSEP at $0.10 per share. This is his 2nd buy in a year. $38,500 of his hard earned dollars invested in a Fly By Night Operation like QSEP.
Go figure?
"Nothing about nothing" is my take on this meeting. Was hoping for much more. What is clear is that we have some energy pros in charge now. However, what we don't know is whether or not they can sell ice to Eskimos or much less AOTs to stodgy pipeline energy executives.
Back on future watch duty...hoping and praying for a hail mary sales lead to drop in their laps.
Happy (Financial) Independence Day
to the QSEP family of friendly investors!!!
Fingers crossed for the upcoming SH meeting announcements. It's beginning to look like something BIG is in the offing.
I recently raised this question with a QSEPer who assured me that they have a bevy of vendor-subcontractors across the globe who are ready and willing, at a moments notice, to manufacture as many AOTs as they can sell.
Thanks, Rufus, for the confirmation (in technical terms) of our collective belief/faith that this stock in on the verge of a long awaited upside breakout.
Looking forward to the July 14th.
AWESOME possibilities!!!
Pay In Cash & Zerosum, thanks for the technical trading education. Very interesting and practical clues to how markets move. Cheers!
Well said, all. In response to alkalinesolution1's question...
When a legitimate BOD raises its authorized shares for "future growth" prospects, one can assume the following possible scenario is being considered by QSEP senior management.
First of several AOT contracts are signed in 2017. Yay! What's needed to fulfill the building, installation, and servicing of these contracts? QSEP's many vendors across the world will be pleased to build, install, and service for $$$$$$. Understood.
But if QSEP is cash poor, especially in the early stages of commercialization, they may need to horse trade a percentage of Common Shares for services in lieu of handing over the down payment cash received from signers of the aforementioned initial contracts. This cash will be needed to SELL more AOTs and refine the service offering as well as R&D on other products previously put on the shelf, e.g., Joule Heating.
How do they do this without DILUTING our collective share holdings. They do this by issuing to their many worldwide vendors the Convertible Debentures recently offered and purchased by several BOD members/insiders. In order to offer such Convertible (into common stock) Debentures, the regulators require that QSEP already have in place the appropriate number of AUTHORIZED SHARES that may be required to fulfill the conversion language in these bonds.
Hope this helps to explain...
Just bought more shares today. Yay!
GLTA!!!
AWESOME!!! It's happening...
CONTRACTS SOON TO BE SIGNED.
Shorts be AFRAID.
Longs start planning your celebrations!
Another potential QSEP client in the news...
Dakota Access pipeline now in service
The controversial Dakota Access pipeline has started carrying oil between North Dakota and Illinois, its owner said Thursday.
The successful completion of construction and testing opens up a new route for up to 570,000 barrels of oil daily to be carried from major drilling areas in the Bakken oil formation to a major pipeline hub, where it can be carried to refiners or exporters on the Gulf Coast.
At 1,172 miles long and 30 inches in diameter, Dakota Access cost $3.8 billion to build, Energy Transfer Partners said. Together with the Illinois-to-Texas Energy Transfer Crude Oil Pipeline, it has 520,000 barrels per day of commitments from shippers, leaving room for another 50,000 barrels.
Despite the start of service, American Indian tribes and their allies are still working in court to shut the project down, saying the federal government didn’t conduct the proper environmental reviews before permitting construction under Lake Oahe in North Dakota.
The project caught international attention in the latter half of 2016 due to large protests against it by American Indian and environmental activists at a spot near the Standing Rock Sioux reservation and the North Dakota lake.
Opponents said the pipeline’s route under Lake Oahe near the reservation would threaten the tribe’s drinking water, and the oil it carries would be destructive to the climate.
Energy Transfer, the oil industry, congressional Republicans and others countered that the project had been thoroughly studied and reviewed, and slammed the Obama administration for its inaction.
Former President Obama delayed the project in December by refusing to grant the Army Corps of Engineers an easement for the lake. But President Trump approved the easement weeks after taking office, spurring Energy Transfer to quickly resume construction.
Dittos, DP...
Patience and persistence are key for QSEP investors now. Price movement speculation is for the uber rich who can afford to lose a portion of their core investment in QSEP. Contracts are coming soon!
GLTA!!!
Does this Super Duper Insider Info just posted by AISI...
mean that Mr. Sano is publishing FLAKE NEWS on this board? Just saying...
Truthful, will you be more specific about your objections to Proposal 3?
Also, you seem to be objecting to BOTH increasing Authorized Common and Authorized Preferred, but your email verbiage doesn't address the Preferred (I think). Why not?
Just asking for some clarification on what you are trying to accomplish with your counterproposal.
Like you, I don't want to give the BOD indiscriminate power to DILUTE the rest of us, as we've been the one's who have held on and helped this company survive.
Just saying that we need a better explanation of WHY such a huge DILUTIVE proposal is on the table. Why can't this Proposal 3 be discussed at the Shareholders Meeting PRIOR to putting it up for a vote immediately thereafter?
Alkalinesolution1, it is IMMINENT...
Why? Let's use our inductive reasoning here. Yes, that's the aptitude that yields working theories of "what is and what will be." Only the smart guys own this aptitude. Think Al Einstein and Tecumseh.
* We just changed out CEOs to Jason Lane, an energy industry veteran.
* We added at least (3) energy industry veterans to our BOD.
* We just jettisoned the OLD GUARD what the F are we doing seniors who started this company on a vision. Not to be disparaging of their vision. It was right on. However, how to run an energy company, they did not know an F about it.
* We have KM now on our BOD and proceeding with the next step of replacing their DILUENT product silo with the AOT.
AWESOME!!!
* Some people tell us that by Jun 15th there will be a material event affecting QSEP in the grandest way. I can't say who...
* Our QSEP shareholder meeting is scheduled for July 14th.
This is not about 6 mos to a year from now. It's happening RIGHT NOW! Wake up and smell the coffee. It's brewing CAPITAL GAINS!!!
GLTA Biglee!!!
Most important part of his bio, IMO...
Green..., subsequent to his planned retirement from his position as Vice President of Natural Gas Sales for Devon Energy...Green has 30 years of SALES experience...
This guy has a ROLODEX (for real...He was there when it was invented) FULL of SALES CONTACTS.
AWESOMEness!!!
The reason that KM has NOT "pulled the trigger"...
KM is a highly diversified, multi-national conglomerate that happens to be in the pipeline business. In addition,as a "highly diversified" conglomerate, it's in the DILUENT business too.
How much is the diluent segment in revenues/profitability? I can't say. However, it's probably significant given that diluents have been the ONLY game in pipeline town for 60+ years.
If KM's diluent business unit comprises BIG BUCKS, KM could be engaged in "analysis paralysis" knowing that IF they implement the AOT on their pipelines, they will be simultaneously cannibalizing their diluent business.
That, my fellow QSEP-philes, is a CXO-level decision no matter how good the AOT looks right now.
GLTA!
Jaymark - Thanks for the clarification. I understand and empathize with your frustrations.
Here's my analysis. STWA started as a tiny company with a BIG TECH idea. It took 15 years to prove the technology. That is indicative of the poor leadership on the board and the resulting subpar management during all of those years. Welcome to PENNYLAND!
Mr. Bigger did a great job of batting in the cleanup position that he inherited by tightening up STWA finances, patents, supply chain, technology, and operations. In fact, his hiring was the first indication of QSEP's organizational transition to good management. The problem was that Bigger, albeit well qualified to "manage" operationally, he was never a SALES guy with a Rolodex of contacts.
QSEP's board should have recognized, at least 5 years ago, that they needed a SALES guy or gal with vast Oil & Gas industry experience to CLOSE the first AOT sale. It's 100% hindsight, but they now have that SALES guy who has the industry credentials to CLOSE the SALE.
Investors should now recognize the above and close ranks to support the board's (recent) good choices AND celebrate (in advance) QSEP's newly installed SALES CEO, who undoubtedly will soon CLOSE THE SALE.
BIG !!!
IMHO
Truthful T, while Whacky works on his version, here's mine...
Dear QS Energy Board of Directors:
I respectfully request that you modify and reduce former CEO Gregg Bigger’s severance package. I and other QSEP shareholders I know are frustrated and angered by the severance package given to Mr. Bigger as reported. Why?
Mr. Bigger was hired on 11/25/13, and our stock opened at $1.11 per share that day. However, on Mr. Bigger’s final day as CEO, our stock price closed at $0.07 per share. That's a -93.7% decline in shareholder value under his stewardship!!!
As a consequence, we shareholders believe the severance package announced by the BOD for Mr. Bigger does not reflect the shareholder value that was actually realized under his watch.
Furthermore, we want our Board to revise his severance package to one that is more reasonable and that accurately reflects his performance on behalf of all shareholders.
[Insert your specific severance package changes here.]
Regards,
Your shareholder, ?????
I disagree with Whacky's earlier post...that seems to have been deleted?
About Jason Lane's propensity to build QSEP "sideways" via joint ventures and partnerships in the oil & gas development arena.
Why not? Here's why...
Great to see that Mr. Lane is incentivized to SELL with a base salary of $150K per year (half what Gregg Biggers was paid). The term (“Term”) of the Lane Employment Agreement is two years.
The Company will also issue options:
(“Options”) to Mr. Lane to purchase 3,000,000 shares of restricted common stock of the Company. The Options shall vest pursuant to a two year vesting schedule, pursuant to which 500,000 of the Options, priced at $0.15 per share, and 500,000 of the Options priced at $0.25 per share, shall vest on April 1, 2018; thereafter, 1,000,000 of the Options, priced at $0.30 per share and 1,000,000 of the Options priced at $0.40 per share shall vest on April 1, 2019.
Clearly, from the above stated contract specifics, the BOD's incentive for our new CEO is to SELL THE AOT NOW. This means that Jason Lane has ONLY 2 YEARS to make his fortune BY SELLING THE AOT,and NOT BY MAKING OIL & GAS DEALS.
GLTA!
Jaymark - What's your conspiracy theory?
I don't see it. These mega corporations could buy QSEP at the drop of a hat. And, we all would sell at $20 bucks a share (I think?) given how long Whacky et al have been on this wagon train.
We are just a gnat on the back of their collective necks. They will adopt this tech and buy it ONLY when their collective arses are covered in every way possible. These engineers who'll be recommending purchase have nice, comfortable, 6-figure salary jobs.
They'll not RISK losing their material comforts easily. That said, I believe they will make that recommendation this year as the fracking renaissance reaches full penetration this year.
I read an article yesterday that indicates the NEW break-even price per barrel of oil for West Texas is now around $37 because the fracking companies are getting more cost-efficient everyday they drill and frack another one of those wells.
What this means is that the RISKS of recommending the AOT are decreasing by the day.
This is will happen soon, IMHO.
Cheers!
U.S. State Department will approve Keystone XL by Monday
Reported TODAY...the permit needed to proceed with construction of the Canada-to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama [set for approval].
The State Department's undersecretary for political affairs, Tom Shannon, will approve the cross-border permit on or before Monday, at the end of the 60-day timeline that President Donald Trump ordered in January when he called for construction of Keystone and the Dakota Access pipelines.
WASHINGTON (Reuters)
TransCanada's $15 billion U.S. Keystone XL NAFTA suit suspended
CALGARY, Alberta, Feb 28 (Reuters) - TransCanada Corp has suspended a $15 billion NAFTA suit filed against the United States over the Keystone XL pipeline, the company said on Tuesday, after U.S. President Donald Trump approved the project last month.
See whole article here
Dr. Mercola posted this today about CBD...
Medical Cannabis — A Vastly Underutilized Therapeutic Option?