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“He would not have put this out there if he wasn't working on a big deal with a customer. It's obvious. So let's sit back and wait for what should be some very positive developments.”
More fantasy- Kyte is a money raiser and a front man. He exited with lots of cheap shares the first time around before the Tcpl disaster. His level of salesman fluffery is epic. He made Profitability claims…touted a bolt on magnetic high rise and electromagnetic fuel treatment aftermarket device that no one bought!
“For me, despite the design flaws the AOT has been shown to reduce the viscosity of oil again and again during many tests. Excellent results, beyond what even the company had hoped. I have no doubt the AOT works and the tech is sound. But it has had design flaws. Once those are fixed imho it will show excellent results. “
Pure fantasy. Nothing has been proven nor can anyone explain exactly what the magic pipe does and to what scientific principals it operates under. The oldest page of any strategy playbook is to keep them guessing…one area Qsep has excelled at!
“If there is one good thing (aside from the laughs) the nay-sayers have on here it’s providing me with a nice sum of shares from those who fall prey to the lies and misinformation. “
The only ones that have fallen prey to “lies and misinformation” are the ones still holding shares! At .055 this is a gift from God! No way Qsep is even close to being valued at 20M given the financial mismanagement and general bungling of every opportunity that have been afforded.
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I absolutely believe that if QSEP's AOT were tested on a smaller oil pipeline 4 to 6 inches as you suggest, the commercial adoption of AOT would have occurred years ago. The KM condensate line aside.
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Lol! So let’s stretch the science to fit the narrative. A lot of that is been going on lately…the facts again don’t match up with the lofty claims of efficacy of viscosity reduction nor has Aot been proven to reduce turbulence as Tao would have everyone believe.The Tcpl test was an unmitigated disaster and spinning it any other way is simply disingenuous.
From the SEC
“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.”
BofA helped FBI by providing financial information on transactions in the DC area after 1/6 ! They basically went full commie!
Lots of pipes in Houston
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At this point development of the AOT 2.0 with TransCanada was well underway and the focus shifted away from an unreliable China to North America.
What say you?”
So again show me where the company has said in a 8-k/10k that the much promoted Chinese test rig was returned? Sorry I’m not believing you or other sources which are not backed up by reported company statements not just sone salesman’s puffery. The reality is no 8k can be posted to shed light on what happen after it got there. In fact just like the fuel injection products, the whole project just simply evaporated. Now we are commanded to believe hearsay and righteous posts in support of the company and swallow whole the silly notion that they “shifted” away from unreliable China! Yeah right…
Never made sense to set a foot there in the first place. It was just one of a series of management blunders that are too numerous to count!
So in other words you don’t have proof in any form that you can present and as a result you just claim that everyone has to believe the interpretation that the blue pipe shown at earlier testing is exactly the same one that went to China & returned. So version 1.0 turned in 1.2 and then 1.3! and are all the same rig. It’s absurd to think they would send the one and only prototype they had at the time but it would not be the first illogical move they have made. I might be wrong & if I am I will admit it. Unlike some who think a team of QSEP employees accompanied the rig to pull 24/7 security- like the CCP could not get any info they wanted as soon as they hit the port. Nope China was not interested but feel free to tackle the fact that no orders from China resulted from any of it! Love to hear the amazing excuse that was cooked up by management to cover why they did nothing? Especially as it was heavily promoted! l I cannot find one line on a disclosure that’s offers even a minimal explanation…but that is par for the course.
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QSEP got to $2.00 on mere speculation of a sales contract with TransCanada. If QSEP sells just one unit the shares are extremely undervalued as one unit will ultimately equal large sales contracts.”
Dilution is not a river in Saint Louis! Facts $1.50 was the peak price during the Tcpl disaster and this was in 2012 when dilution was only wildly out of control with only 10’s of millions of shares issued to pay offf debt and Sg&A. Today company selling off equity like free candy. Only a matter of time before they are forced to up the authorized to 1B!This means the dilution train is still at full steam.
“I 100% concur with you AISI, as I too spoke to the company and that same individual you are referring to who provided 24 hour round the clock security on the AOT while it was in China. It was also widely talked about at the shareholder meeting I attended in the United States that there was round the clock security.
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The Installation team and then the management arrived weeks after the initial delivery and the rig site was then changed which added more time that the rig just sat there unsupervised. It’s basically a moot issue now as they didn’t order a single unit and I see no reports of it sent back. If it was please show post the proof and I’ll concede I was wrong. The idea that there was around the clock 24/7 security like it was enriched uranium is just comedy. One doesn’t have secrets when dealing with the CCP!
“The contention that the Chinese could have reverse engineered the AOT and been using it if it had any value is also unfounded. I have personally spoken many times to the individual that provided security for the AOT on its way over to China, while it was there and on its way back. Security was 24/7.”
Rig was shipped in by a slow boat to China
that took 5 weeks. Then the magic pipe sat there while they made up some none-sense about testing it at a different site then originally planned. Lots of opportunity by Chinese industrial spies to examine disassemble X-ray or whatever non destructive method they wanted to use…so restating hearsay that security was 24/7 is just another management tactic to placate there investors..then the testing team and management arrives weeks later but I guess they hired the best security the CCP could provide. Lol!
After the test- there is no word of success adoptions -nothing. Please post where it says Aot 1.x was shipped back and show the board the reason why it was not adopted. Most logical people assume no news is bad news when it comes to the otc! Here it’s just plain toxic!
The rig was shipped via ocean freight that took 5 weeks to get to China..so your theory that they had tight security on a slow boat to China because a friend of friend said so is pretty much just wishful thinking but the bigger issue is what happen to the test? Company had no problem promoting this China venture but once it outlived its usefulness for moving paper it vanished from the discussion. Just like all the other gimmicks not ready for prime time they have tried to pitch for last 20 years?
If you have proof they returned it other than to say it sitting in front of Tomball ( that been taken down a year ago) then show me the 8k of the test results and the reason why they returned it? Hmmmm
Bud lite now the official beer of Disney World! You can’t make this sh$t up!
Sold my position when they start this role nonsense but now this a short waiting to happen
“The AOT has the potential to reduce or eliminate dependence on chemical additives with an elegant electromechanical system.”
Paid consultants will say what they need to say. Note the operative CYA word “Potential”. He isn’t the inventor and his pedigree has little to do with changing the laws of physics.
“Even though to be honest, none of us should really bother to look here.”
Nor should one bother to look at all the failed predictions and illogical pundits who have been recommending this ticker since it was 1900% higher!
Yep every day the same story is recirculated as proof that the company must be legit! Forget about the fact that Qsep abandoned its Nevada HQ last Q and now only lease a small space in Tomball for $1000 a month. Back rent is still owed to Lane from a previous lease.
Every test you listed failed. The CCP got a free scale model and didn't even reverse engineer it and sell back to US corps for .10 on the dollar...what an insult! QSEP crack management team didn't even ask for it back!
“You should come to the conclusion that you need to study fluid mechanics more before posting your ideas.”
Scientific conclusion based on unconfirmed theories are impossible to prove false. This is the company’s strategy in a nut shell…they have presented a series of products since 1998 that have never been ready to even begin to test yet here we sit decades later with over $100M investor cash flushed down the toilet! They have shrouded the science and the principals for which this device allegedly operates under a series of vague conclusion which are conveniently so obtuse that no one can disprove them. Fortunately Science doesn’t work that way. Qsep experimentation has never supported its claims and that rule for proving a theory is unbreakable.
What is the point of listing a pressure gradient formula? If you double the pipe diameter in one section without outfitting the entire line then the output is not effected. Aot used 4 vessel because treating one vessel would not be adequate according to their crack engineering team! So they split the flow into 4 treatment sections so they could simultaneously treat 4 sections with the voltage/amps & treatment time per unit volume they have cooked as the magic treatment cycle.
In Tao’s own words he claims to solve two problems with one magic solution. If this was even remotely close to reality every oil company on the planet would have tested it and independently developed their own version. They haven’t nor has any major partnered with them since the Tcpl and KM
Disaster.
https://www.intechopen.com/chapters/52012
“Currently, conventional pipeline transportation methods cannot simultaneously and effectively reduce fluid (i.e. crude oil) viscosity and suppress turbulence. Thermal methods for crude oil viscosity reduction cannot suppress turbulence. As the temperature increases, the oil viscosity decreases, the Reynolds number increases, and as a result turbulence increases. Other conventional technologies to reduce oil viscosity, such as heavy oil dilution with solvents, cannot accomplish the simultaneous reduction of viscosity and suppression of turbulence, either.
An unconventional technology is required to solve these challenging issues. It is necessary to enhance oil flow output by simultaneously decreasing the oil viscosity along the flow direction, while increasing it in the direction perpendicular to the pipeline axis, because turbulence always starts from the vortices and expands perpendicular to the flow direction. In other words, oil viscosity must be anisotropic: reduced along the pipeline direction and increased in the direction perpendicular to the flow, which makes the flow regime laminar along the pipeline axis even if NR>> 2300.
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Because the oil is flowing very slowly in laminar fashion through the AOT during treatment on an actual pipeline, the successful hydrostatic test at 40KV while the oil is static is more representative of actual pipeline conditions than one might think. This is a big deal. “
The Aot is always been shown situated close to the output side of several 3500 hp centrifugal pumps which can be easily calculated with a Reynolds’s number equation as being turbulent (>2000)Very little argument on that fact…slowing the flow down would defeat the purpose of using Aot in the first place and adding more chambers was just to accommodate the volume of flow so it’s didn’t roadblock the line! What is alluded to here is the alleged turbulence reduction qualities of the magic white pipe. This was concocted by Tao who dug through his data and cooked up that little gem! Now the company could say the Aot solves all pipeline flow issues. It’s just another lie by a pay to publish Prof.
“NOTABLE ACCOMPLISHMENTS
“Demonstrated that a fully assembled AOT would operate at target electric field strength and more.”
Another blatant lie…they filled the vessel with oil that was static. Pipeline operates at 5mph flow velocity under churning turbulent flow conditions. It’s great it didn’t blowup but it didn’t prove anything. This whole play play of them fixing the magic pipe is now getting comical! The picture of the volt meter is classic like that’s some sort of validation. The is as smarmy as it gets!
“Sufficient capital raised from our investor community to maintain operations.”
Sufficient? They are always struggling to pay the most basic expenses as they continued to finance by wholesaling off ownership to the lowest bidder!
“We have been in anticipation of a letter of intent/memorandum of understanding for the past few months. Needless to say, we are proud to state we have made meaningful progress with a new potential partner whilst promoting renewed interest from our previous development partner. Our confidence supports the formalities of these engagements will be secured in the coming weeks."
Word salad for we don’t have anything yet….
So then reporting this in public disclosures is just a fancy charade? Well according to that brilliant theory why would they impose a 10% “penalty” interest charge?They could have just let it ride but they didn’t. Why haven’t the past due note holders simply taking shares?
Licensing a technology that has no value in a feeble attempt to buy legitimacy will eventually turn toxic. Not to mention the fact they are years past due on $1.8M in back licensing maintenance fees and only has 120M shares left to issue. The interest alone on this and past due convertible notes is now a significant chunk of chance. Add that to the $187k plus interest a year they pay to Temple and it’s relatively easy to predict what comes next. So I expect a .5 billion share increase shareholder proposal and major dilution going forward.
As of March 31, 2023 and December 31, 2022, total unpaid fees due to Temple pursuant to these agreements are $2,021,000 and $1,962,000, respectively, which are included as part of Accounts Payable – license agreements in the accompanying condensed consolidated balance sheets. With regards to the unpaid fees to Temple, a total of $135,000 are deferred until such time the Company achieves a revenue milestone of $835,000 or upon termination of the licensing agreements and the remaining $1,886,000 are deemed past due.
Pundits that say Qsep technology is “proven” are intentionally misleading the board in an effort to save a sinking ship. The SEC has been clear. Qsep cannot say promote or claim that it’s device works to any level of efficacy. How pathetic must one be to continually fabricate reality for years in an effort to help a company be perceived as valuable when in reality they are insolvent with zero opportunities brewing anywhere. They had to expend their entire war chest on a paid test which failed miserably like all before yet it’s loyal following disregards any event that cannot be spun as the next great opportunity!
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Maybe this crowding of the road makes
Updates a bit difficult to slot in ?”
Yeah that must be the reason the company hasn’t been able to get its device to prove its operational efficacy . I mean it’s not like it’s taken a decade…oh wait
“. We have reopened discussions with our original development partner as well as reaching out to others. While we have tested with a representative oil sample, we have not yet reached an agreement with a development partner allowing us to test a development partner's actual pipeline oil as a prelude to another field test. Our efforts continue to reach agreement with a suitable development partner as our next step to develop and commercialize our AOT technology In this regard, we have completed two engineering reviews, but as of the date of the filing of this 10-Q have not reached an agreement with a development partner.”
This isn’t the report you would expect from a company about to change the oil transport industry with new physics! They will not get a test unless they pay for it…so unless they raise another 1M Aot will sit in Tomball.
How does it have tremendous potential? Do you believe the hype that the AOT conjures up magical new physics by simply running a low amp current through a pressurized turbulent flow of a multi batched flammable feedstock?No operator in the world is going to look twice at these guys without months of 24/all weather field testing and a boatload of data that supports its claims. Remember when a theory is based on vague principals it’s impossible to disprove. Apply this to all of Qsep’s claims. Ambiguity is the companies motif operandi
Remember those that said this was going way higher without regard to the companies financials woes…their motivation is always pure greed.
How’s that gpft call working out for you?
Blackrock involvement isn’t helping
Also incredibly smart
Pundits spread lies and tell you they understand how to read disclosures in vain attempt to save a sinking ship! Here what self appointed experts believe is Temple writhing off $1.8M in licensing fees! 135k deferment of fees executed masterfully by the former CFO McMullen who btw is still owed back salary along with Bigger…but I’m sure they too will just “write it off” hahahahahaha!!!!!!!!!!!!!
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NOW, THEREFORE , in consideration of the premises and of the covenants and obligations hereinafter set forth, the parties, intending to be legally bound, hereby agree to amend Agreement as follows:
1. Pursuant to Article 5.3, one hundred thirty-five thousand dollars ($135,000) is due Temple from QS Energy (“Outstanding Fees”). The parties have agreed to defer the Outstanding Fees until the first occurrence of either:
a. LICENSEE’s receipt of cumulative SALES equal to or exceeding eight hundred thirty-five thousand dollars ($835,000); or
b. LICENSEE enters into a SUBLICENSE pursuant to Article 11.
2. The Outstanding Fees shall be subject to a nine percent (9%) interest rate accruing as-of June 1, 2017, calculated annually based on the amount due in the prior year and the total interest shall be added to the amount due Temple.
3. The license maintenance fee of sixty-two thousand five hundred dollars ($62,500) due August 1, 2017 shall be due within five (5) business days of the execution of this Amendment and due annually thereafter on June 1 st .
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Pundits want you to believe these obligations will be magically “written off” but fortunately logic hasn’t completely left the building! Add these to the $1.7 M they owe in arrears to Temple and add 10% interest -it’s easy to see why this comes is a steaming pile of dogcrap! Out of money, Ideas, and altitude…
2022-10k
The Company’s contractual commitments for future periods, including minimum guaranteed compensation payments and other agreements as described in the following table and associated footnotes:
Year ending
December 31, License
Agreements (1) Compensation
Agreements Total
Obligations
2023 $ 187,500 $ 197,000 $ 384,500
2024 187,500 – 187,500
2025 187,500 – 187,500
2026 187,500 – 187,500
2027 187,500 $ – 187,500
Total $ 937,500 $ 197,000 $ 1,134,500
___________________
(1) Consists of license maintenance fees to Temple University in the amount of $187,500 paid annually through the life of the underlying patents or until otherwise terminated by either party. For details of the Temple Licensing Agreements, see Note 7 of the Financial Statements, attached hereto.
“Non issue as it will get written off just like what happened in the past. I'm glad I know how to how read & understand public filings that are in simple English. “
Hahahaha!!!! Patently false no licensing fee has EVER been written off. A few hundred thousand dollar amount was “deferred” until Qsep achieve a certain level of production but that it’s still due This was the CFO posing like he was doing something with a three card Monty financial strategy! They continue today to incur a year licensing maintenance fee of 187k per year ever year plus interests and that fact not a “non issue”
Yes. The fuel injection license makes up over a 100k of the $187 in yearly maintenance fees! Why that didn’t get cancelled a decade ago is a mystery to me…now the total past due licensing fees exceeds $1.7M with a 10% annual vig!
“Well... they did need to figure out... how to make it a success commercially too!
To me, all the insider buying the past 8 years has been a ding ding ding ding that there is a true belief
that this will work out great some day!
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Seriously? The only ding ding I’m hearing is the exit door bell going off when another Qsep investor finally accepts the factual reality of this companies year over year epic failure & sells!. We all have made the same mistake, so it is nothing to be ashamed of…but here the disclosures clearly show a history of incompetence and a willingness to fabricate elaborate stories of imminent success. All sequentially fail! Not once not twice….every single attempt since company inception in 1998! In fact Cecil himself promised profitability on one of the QSEP's whacky fuel injection devices over a decade + ago! As for insider purchases they are minuscule. A few hundred thousand dollars. It’s not a major deep pocket investor oilman stepping up and financing the entire operation with a $5M cash infusion. Company is insolvent and on life support. This is not conjecture, the cash position as of the the last 10k shows qsep now need to raise more money just to be able pay the minimum operating costs. At 77k a month cash burn they will need to sell 2.6M shares per month to keep the light(s)on. This is the way…
Fox should have gone to trial and fought but Murdoch would sell his children to make a buck but this move will tarnish Fox forever….time for a new network! Tucker now will be one larger than life and unchained by corporate bullshit! Libs will not know what to do or how to stop him…