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ABSOLUTELY FALSE. The PROVEN AOT, AOT XL, JOULE HEAT & ELEKTRA technologies are all here to stay as per the RECENT PR below. NEXT
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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!
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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?
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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.
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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.
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NOT TRUE according to KINDER MORGAN. IT'S NOW CONFIRMED that KINDER MORGAN wants the PROVEN AOT as per the EVIDENCE below. NEXT
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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.
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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!
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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!
100 million shares at current prices would bring only 4-5 million which is what the company spends every year. So if
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INCORRECT as there has been nothing mentioned about a 3 cents offering nor a reverse split. Post 34870 is pure speculation that is NOT TRUE. I only believe FACTS that are backed up by public filings. "
Using Qsep logic it hasn't been denied either so it must be true! Lol!!!. A R/S is pretty much a foregone conclusion after they use all the available shares.
Longs love to discount the fact that they have run out of money many times and have temporary stopped the bleeding by diluting the crap out of its base and by not paying obligations. The dilution rate is through the roof now which is occurring at historic lows. If the company believes success is around the corner then why would they equity finance???? Mr banker can't get an LOC??Where are all those bridge loans that were readied for the qspool debacle?
Penny stocks can stay afloat for a long time but at some point they must achieve positive cash flow . There is a virtually no chance this happens within the next 12 months and likely never.
The financials null out any positive fluff this company can dream up. They continue to burn cash at an unsustainable rate ( MRQ 160k per month) though they themselves know a major cash shortage looms over the horizon. But alas I wait for the old excuse "cash has never been a problem"Yeah it's never a problem until it's gone!
Review phase can easily mean many things. This company has made up so much on the sales puffery front nothing can be relied on until it happens and customer commit with $$ . Old adage: no sale is a sale until the cash hits the till!
"SEP AOT device. The SCADA I am referring to is the imperical data specifically assigned to measure the efficacy of the AOT on the flow dynamics and the functional performance of the AOT"
I'll say this... that excuse has been used for almost a year and that delays in acceptance is solely because they must get Aot interfaced with Kmi process control. However this task is not difficult to implement and does not take this amount of time to pull off. It involves a simple rtu hardware installation and minor programming by Kmi on their system. How each process is adjusted according to what Aot is doing is quite another story and likely is all over the place and doesn't come close to what Qsep has claimed. That's the story of this company. Unsubstantiated claims get promoted long after the customer has vaporized! You can expect the same here. They will explain away Kmi after they have some offshore pseudo contract.
Weak hands??? Where are you guys getting this stuff? If that's the case then the entire company is held by "weak hands" and the tree has been shaking for 3 years! It's curious no blame for the monumental share collapse is EVER placed on management. It's always an external cause while the CEOs get to make big boy dough and are always given double packed golden parachutes.
Only a matter of time now.
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Good points made. There is a fine line in regards to insider trading laws, even with other firms dealing with QS Energy. QS was recently audited by the sec & given the green light to move forward..."
As opposed to being shut down and halted? That will happen soon enough and I would bet criminal action will also be sought. Just a matter of time. Cecil bolted as he knew Bigger would make an excellent bowling pin executive.
Kmi contract is likely dead or in a coma never to be revived. Tcpl contract died 90 days after engineers at Tcpl turned it on. This company has no business raising public funds to finance a poorly designed college experiment! What idiot management team agreed to pay Temple any monies before they are able to sell product one?
Data is a by product of the control and feedback software so you are placing emphasis where there is little. The overall performance picture would be very easy to spot even without a robust process control and real time analytics reports . However Implementing a solid state device into a SCADA system requires little more than a standardized remote terminal unit which are readily available at low cost. Also Kmi is not looking to Qsep to advise them on the protocols for process adjustments so I'm not getting what Qsep had to do! Kmi would make any changes to its controls if any based on what they experience in field tests so the only explanation is that the truth about the Kmi contract is not being revealed. It's sad but this isn't the first time the company has hid from its base.
SCADA integration is simple. How to adjust the other processed to accommodate whatever the magic pipe is doing is likely the sticking point.
The topic was Tcpl so why should I mention a test on Kmi? They are different tests...both failed as best as we can determined otherwise Tcpl would have picked it up and Kmi would have sent the lousy 20k per month to consummate the deal! They didn't after two years yet I'm still hearing "it's just a matter of time". Meanwhile the company is burning the furniture to keep warm. At least the Kmi contract could mitigate a portion of the ridiculous cush salary thr CEO takes down per month! But alas...what you get is more fluff like:working towards finding a "pathway" forward! This is penny talk for: Houston we have a problem!
Wrong. Exclusively by remote means exactly that! The 8k didn't say "may allow" or can be used in addition too..The shareholders meeting will be a one way street with free flowing fluff but no ability for investors to ask questions. This is a perfect scenario and will mark 2 straight years where most shareholders will prevented from voicing a concern. Typical military style actions..if there is no business opportunities then the CEO just shuts down the coms until they can dream up some more creative excuses! You cannot make this stuff up!
"The TransCanada Lease was terminated by TransCanada, effective October 15, 2014. Upon termination of the TransCanada Lease, all equipment was uninstalled, returned, inspected and configured for re-deployment. "
This is reality.
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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.
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Looks like it's going to be one side virtual shareholder meeting. That one way of clamping dissent!
Obama? What does he have to do with it? Tcpl builds pipelines all over the place! In fact I would argue that was the main reason Tcp agreed to test AOT. They could use the so called "green" technology as marketing ammunition to soften the opposition. .
Tcpl said bye bye to Aot. Any insinuation that this relationship is somehow unterminated is just pure reanimated Zombie fluff!
As to the constant position that this company never seems to run completely out of money, I'll say this:
The company is technically Insolvent now. Management salaries and other contract obligation expenses eclipse any ongoing R&D expense. Office equipment has more value than testing equipment!!!! Thus is a story of pushing paper rather than developing products for industry. Any investor must ask themselves this: Does Qsep possess a group of clever engineering product people with a track record of developing products for the intended industry or are they simply a shell to pitch private placements with the ever lasting promise of great deals in the future The answer will set you free!
I have been complaining about huge salaries and inflated overhead since 2013. If they made the cost cutting moves then I'm sure they would have not been out of money today. It's pretty simple really.