Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The customer details is redacted how would you know?
So they will make s huge capital purchase based on a 5 day test of a scale model! Why not just use Tao's dripping beaker experiment? Likely we will find out that this was funded by some weird grant!
Strangely? I.E. This type of release has been widely anticipated. Normally I would expect them to announce the demise of the KMI lease in the same breath but now I believe they just will not talk about it as if it never commenced which it hasn't. That type of secrecy is a window into who is running the show at Qsep and why nobody buying this non event.
"getting AOT ..in black and white.. "
Lol! Yeah that's going to do it..too bad they burn 135k a month! Btw how much does Temple get paid for this service? 10%?
My equation is not complex at all:
S-Vc-Fc= Net Profit.
Wake me when the scale model produces a real sale of this supposed technology on a legitimate pipeline.
So in other words a giant step backwards! So much for those huge orders about to drop! This is classic penny stock BS! Kmi doesn't execute its lease but somehow a test of a strap on lab unit is good news after years of development. Such entertainment!
Well, there it is...the much predicted new field test right on cue! This is getting too easy to call. 50k to run a scale model test!!! Yeah right! This smells funny as usual. Why not put a full-scale unit and test the real deal instead of the Weiner mobile AOT on a flatbed???Heck the full-size unit supposedly under consideration by KMI was only 20K a month...of course, they haven't paid....but who's counting?
Why not have an opportunity to actual sell one or more now? They had no problem including a long-term lease and purchase options for TCPL and KMI. They also have 4 of them rusting in a warehouse in Texas. Again the story is always convoluted and shrouded in secrecy. All this confidentiality just protects Qsep executives from revealing how inept they really are!
Apj I'm sure subsea will be an "off shore" opportunity out of the public scrutiny with an international unknown company. No way do they try the subsea hustle with the hold old boys operating rigs in the gulf. By now the word is out.
What's not true? You have been stating for months that the cash burn was attributed to Aot development costs but I've shown in my post that most of the monies have been spent on SG&A which has been out of whack since day 1. They also have spent years on developing auto products like Elektra and Magchgr but happily shelved those great products in favor of a magic pipe the size of an 18 wheeler!
"
INCORRECT. The funds raised were used to develop the PROVEN AOT. "
Not true. The development cost of Aot is relatively easy to calculate. This line of products didn't exist prior to 2008 where a small paragraph appeared buried after all the other products were listed first in the 10k. At that point the company had lost 42M. If you attribute 50% of the remaining 8 years of losses to Aot development then it would cost somewhere in the 30-35 million dollar range to develop all these magic pipes!
In the mean time, insiders make bank and shareholders get fleeced.
"On November 10, 2016, the Board of Directors of QS Energy, by unanimous written consent, approved amendments to Article 2, Sections 1 and 11 of the ByLaws, effective immediately, to permit QS Energy to hold its stockholder meetings exclusively by remote means, including without limitation via webcast or webinar. As amended, the ByLaws facilitate the ability of QS Energy to offer convenient access to all stockholders to attend and participate in stockholder meetings.
"
"Exclusively" being the operative word. This is not some hybrid clause where they can offer a web cast of the physical shareholders meeting...nope it means either they do a conventional meeting or they do a virtual one. Not both. Gee I wonder which one they will choose....hmmmm.
If all the CEOs had a product anywhere nearly ready for prime time then I'm sure even the worst executive could make a deal. The problem was and continues to be the reliance on a product based on an unproven concept. Whether it's magnetic or electric fields , the company is a one horse show. After years of combusting cash they still cannot execute any form of sales even by licensing this supposed great technology. At minimum they should have a product actually operating in the field for months at a time.
What category does John Valenti (Project
Manager) fall into while being singled out
for praise ?
And the share price still closed UP 9% despite the selling haha.
TOTAL RETURNS
2014 2015 YTD
-56.08 -59.99 -47.34
"INCORRECT. How about all the BUYING today & RECENTLY. More demand then supply = HIGHER SHARE PRICE.
"
Stock price collapsed through all resistance. These moments of sunshine are just that...dead cat moments. The overall collapse will continue..,,unless they raise the remain 10 million or so that they have left to issue and They show a solid deal with a major US player. They have 2 months left before the 400k in cash runs out do I'm sure we will hear from Bigger who will be assuaging away! Human Comedy like no other!!
Who...obviously those interested in seeing the company survive past another Q or two. The volume today was 2 to 1 sales
"Just goes to show selling when things are tanking is most often not the right strategy. Also, I believe in the company and the technology. I think the lows will prove to be a fantastic buy. We shall see."
.09 will look like the Great Wall of China in a few quarters. This actions of late smells like good old share propping to get our beloved note holders out unscathed. The oddsmakers know where this is headed and it's likely the pps will go sub penny making the current sell opportunity the best deal every offered by Qsep!
Yeah right...100 share paint at the end of the day masked the selling.
You mean working towards "acceptance" not adoption which is a big difference. I'm sure the crack team at Qsep doesn't mind melding the two.
"The Company and Kinder Morgan are continuing to work to finalize installation and acceptance of the equipment under the lease"
Pain?...this whole investment is a pain...and one that keeps hurting year after year. Wow...! it's one thing to root for the company and hope that they can continue to pull the wool but to "out" investors for hitting the exits after years of torture just doesn't jive with a logical investment strategy! Qsep management must be overjoyed this holiday season that all its diehard investors continue to drink from the kool aid keg and not take the tax loss which would at least benefit those that actually have a liability.
"
ABSOLUTELY FALSE. The PROVEN AOT, AOT XL, JOULE HEAT & ELEKTRA technologies are all here to stay as per the RECENT PR below. NEXT
"
Sorry but in order for a technology to be "here to stay" as you say , it must be adopted by the major players in intended market. The Qsep test with Tcp test was for midstream heavy crude ,but as you and everyone else knows by know was terminated just 90 days after receipt. This was three months early and represented the minimum time frame stated in the contract for either party to bail out. Tcpl. The pulled the trigger on day 90!
A new test with Kmi is still supposedly in the works but most believe it's dead as Kmi has not even formally accepted the device. It's also for condensate, which is a different feedstock , on a line 1/5 the volume of Tcpl. But the most curious question is why does a diluent needs a viscosity reduction? It doesn't ...so the only play here is Tao's turbulence theory magically reduces kWh to pump the same volume . Funny how that popped up after they supposedly scoured the data. The science seems to fit seamlessly except when it has to show actual performance and benefit.
Doesn't fit the Qsep official narrative of streams of cash flowing from the large magically induced white pipes! Just around the bend of course.
Yes I know I negotiated with a multi billion dollars company this morning to buy coffee. Lol! The market cap of potential clients has no value until they seal the deal on whatever Qsep sells.
Not according to Qsep attorneys and current CEO.
"We believe the use of the word “proven,” in the context of the disclosures and discussion above, does not suggest that the AOT technology is, at this time, commercially viable. Nonetheless, to address the staff’s concerns, we will revise future filings by removing the word “proven” and replacing it with the word “demonstrates” or “shows.” Please advise."
Not true they have plenty of issues.
Being told you cannot promote your only product as "proven" is pretty much a death sentence.
They also leave the door open for shareholder and or an SEC action and specifically point out that staff comments cannot be used as a defense which many posts here try to accomplish. I would expect a bevy of shareholder lawsuits in the new year.
"We have completed our review of your filings. We remind you that our comments or changes to disclosure in response to our comments do not foreclose the Commission from taking any action with respect to the company or the filings and the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filings to be certain that the filings include the information the Securities Exchange Act of 1934 and all applicable rules require."
Not according to 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"
Double commission for Temple!
"
Middle East, imagine them, what if they want 40 banks of 4, that would be 160 units. How many units would you use on the oil platform?
"
That's all it will be. Just an imagined success when the reality is as cold as a winter night in Siberia. Qsep managements wants investors to envision money pouring out pipes into shareholders pockets. This narrative is tried and true and one that has historically sucked in young and old.
"
QS Energy Announces Increase in Commercial Deployment Opportunities for AOT Viscosity Reduction Technology Due to Ongoing Partnership with Temple University "
Increase in opportunities! Wow that's not even worthy point to argue! They are so desperate they resort to reporting this nonsense! The intelligent methodology would be to string together actual sales before promoting this wishful thinking ...but being legitimately transparent is not high on the CEO's to do list! Stay tuned for:
Aot under the sea!
Honestly discussing philosophy over Turkey and stuffing can be great fun but as it applies to Qsep it can be broken down into the sum of its parts very quickly like a typical Thanksgiving dinner in US.
(Turkey)
In order to believe any explanations the company puts out , one must assume that Qsep can endlessly raise money to finance what ever technology they believe they possess.
(Gravy
As long as Bigger can continue raising cash dough to keep afloat he is golden.
(Stuffing)?
Meanwhile the company will do what it knows best. They will add and revive products with the promises of "Uber" like game changing disruption of a well established industry. It will just take a little longer and cost s little more!
Qsep is the Jv squad trying to compete with a division 1 team with 9 players and one very well paid coach. It is no wonder they are 0-8.
"
NOT TRUE according to KINDER MORGAN. IT'S NOW CONFIRMED that KINDER MORGAN wants the PROVEN AOT as per the EVIDENCE below. NEXT
"
The evidence posted is merely fiction dreamed up and written by Qsep management and it's paid consultants to facilitate the transfer if investors cash into managements personal slush fund. They have woefully misrepresented the material facts since day one and I would expect the law suits to start to fly in 2017. Qsep believes they are the Teflon nanocap and can repel bad news or accusation or wrong doing. The cold reality is about to catch them up on modern market.
"
Gregg has got us in with the biggest pipeline operators and he is driving the negotiations. It would be suicidal to make a change now. "
Lol! Just like it was with Cecil who had a staff of twenty and a few million in the bank to build all kinds of magic stuff. He was the man but couldn't get one product to product. He was rewarded with such incompetence with a full year salary and a fistful of stock to walk off into the sunset unscathed. But wait there is more! Previous executive employment contracts are still being paid out! It's the gift that keeps giving!
It matters little who the CEO is here ... it's a care takers contract worth 300k!
"ABSOLUTELY FALSE. Share price UP 58% today. "
Lol...dead turkey bounce.
Here is my Rubbish definition:
Common stock, $.001 par value: 300,000,000 shares authorized 197,802,026 and 183,831,577 shares issued and outstanding at
Additional paid-in capital 103,509,548
Accumulated deficit (104,653,840 )
Total stockholders’ deficit (946,490 )
Yeah..yeah. It is all rubbish until you actually have to build one that works as advertised. That's the rub! Even if Tao stumbled onto something in the lab it doesn't mean he can translate that into a real product. That type of engineering takes a much different skill set. I doubt any of the previous claims of efficacy were every achievable and certainly they have had enough time to flesh out a host of derivative products during the decade Tao has been on aboard. The fact that they have no working products based on his scientific theory and that current test of the condensate iteration has no been going well, pretty much sums this up. The simple answer is the correct one.
Qsep is a professional college experiment that failed but they can keep it going by simply choking off communications or have company social media operatives continue to imply success. Here's a company that has touted an M&A strategy simply to suck more investors into the black hole but very bought into the joy ride. That's where the company is now...in aviation terms, they are out altitude, airspeed, and ideas!
I don't get how any manager of this company can continue this one way street of enrichment as investors loose high double digits. It just counter to any logic one could dream up. Honestly the CEO had been with company in other positions for years so he is complicit in any current collapse. As an example Bigger renewed a long term expensive lease on state street which is now subleased at a loss and the company operating in one man office, yet he is still considered an operational wizard for finagling this???!Lol! He can't even clean break a lease..how will he sit across the table from Richard Kinder? Lambs to the slaughter!
Great? I doubt that would be the word most would use to describe his efforts... remember he rubber stamped Cecil's golden parachute exit and severance package and basically inherited his salary. This is the good old boys club and like a pyramid scheme it's Biggers turn to collect the apex of winnings. Yes he has marginally cut costs buts its too little and overdue by 10 years! The company still burns 5k a day and they are holding off on paying a big chunk of payables. The guy from Texas who was supposedly an expert at manufacturing didn't even move to California before it was buried in a q that he was no longer with the company. Pundits say it's because of a lack of performance but it didn't stop him from landing a substantial job with another company that actually has sales! No comment from the darling leader. Lol!
"
Jeez. What's wrong is that companies like this are allowed to trade shares at all. The big scam here is not The Big Short, its that penny stocks like this are allowed to even sell shares. "
Agreed it's a license to steal! It's allowable because of all the safe harbor statements that now riddle half the Q&Ks. It's odd listening to pundits just wave off all these warnings given the SEC intervention especially as to Qsep using the word "proven" in describing its technology. That's pretty much game set and match even though it's pawned off as semantics!
Done with stock! 25 years of nothing!