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you're qoute: My emphasis.
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Anyone who can read knows it works. I guess I need to copy and paste the 10Q again."
Let's for argument sake agree that AOT works and was proven years ago in the previous testing. Then you have to conclude the company is run by the most inept unqualified individuals on the face of the planet!
Bigger was CFO when Cecil got his golden parachute and walking papers. That was simple payback for all cheddar Cecil had thrown him and all the perks like fully paid bromance white water trips to Montana with Zinke and Cecil! Makes me want to sing " Moon River".
Are you kidding! There is no other way to evaluate this company other than fundamentally. They have no viable products that have any kind of reoccurring revenue. Management puts its own neck ahead of everyone else AND protects those that have harmed the shareholders tremendously. Cecil walked with a full years pay and fistful of stock authorized by the current CEO. Previous and insiders executive got a similar deal except the common holder who get schmelt!
Yeah it's always a good thing when the SEC makes a public company edit their product claims!
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If they just leased out one more unit would be huge deal. Many pipelines need AOT, and sales would bloom from there"
One more unit! Ahh...NOoooo units have ever been sold and no current leases are active. The KMI contract has been in limbo status well over a year and two 10Q,s have gone by since they supposedly fixed the issues. This management has not provided any meaningful clarification of these delays other than this tidbit on SCADA integration and finding pathways forward. Yeah......nobody is buying that stink! It's just like blaming Tcpl failure on s crap power supply or the KMI issues on feedstock conductivity. Let's get real...it's called not having your sh*t together when the lights and camera go on. If this was an early test by a young new company you "may" cut them a little slack but 17 years in operations and years of testing tells you Qsep insiders have been milking the cow way past her expiration.
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Kinder Morgan has tested three times so far with QSEP and now they are "working to automate AOT into their pipeline." That to me doesn't sound like a company that's about to drop it. I think KM wants the AOT technology to work as much as QSEP. I think they will keep that unit, commence the lease and make that unit a permanent installation. that would be validation of the technology at a commercial scale."
That's incorrect. The first two posed posed a safety concern by shorting to ground so it was yanked from the line as fast as you say Cecil! Then they apparently insulators the components and then sent it back...all along promoting this scrambling as "value added engineering" ha! In fact until the company reports that KMI has accepted the device then you cannot claim any test of consequence other turning it has officially begun not. The language is clear in the KMI contract and its amazing how longs completely ignore the most fundamental basics of contract law.
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I am buckled up and ready for this ship to rocket off into the stratosphere! They have been giving so many indications that things are locked and loaded its hard to sit and wait. But hey, I've waited about six years so I'm really quite good at it now.
I can't wait till the day when my family doesn't think I'm crazy. Lol
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Really....
"This is also backed by atomic level pics of the effect on molecules...seek and you will find."
The much heralded neutron scattering Test was conducted only once and has not been duplicated by anyone in academia. It would be foolish to believe a major discovery of this significance would go unnoticed for years and not be cited or at least tested by other independent scientist working in this field.
Longs should be looking more closely at the scientific claims this management team has continually made and question whether these executives have shareholders best interest in mind. Instead of these conspiracy theories and witch hunts which are used to deflect pressure on the real problem which is inept leadership and products that are based on pseudo science. Look at any 10k and you'll get a picture of the fundamentals...which are horrifying.
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Now the KM test was overwhelmingly successful contracts are the next"
Well in my view it would be impossible to come to that conclusion based on what the company has publicly disclosed. If they write orders then that will confirm that there is real industry interest beyond a trial run. It also will silence the critics and the company can hang it's hat on a first commercial sale or long term lease. Until that happens the negatives simply outweigh the positives by a large factor.
Qsep has no positive news to release and is likely sitting on the fact that KMI contract had not commenced and will not commence because being in limbo allows an extension of the company narrative without tweaking the SEC.
Shareholders will find out months later that Aot condensate is coming home to roost just like every other product this company has tried to peddle. The excuse will be carefully crafted by the company wordsmiths as they shift the focus on opportunities outside the US.
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ABSOLUTELY FALSE. The PROVEN AOT wasn't ready a few years ago. After the SUCCESSFUL Kinder Morgan pilot program completed RECENTLY, the PROVEN AOT is NOW ready to be sold. A simple phone call to TRANSCANADA will confirm the NDA is still in place. "
Well it was apparently ready enough for Tao to make those claims of 72% energy well after Aot was disassembled and shipped back to some dusty warehouse. I surmise he pulled those number from a sharknado twister.
These imaginary numbers were directly reported by the company's chief scientist which have been referenced in the post and is implied to show proof positive of the devices efficacy. Another example how this management and scientific and engineering staff is not ready for prime time and how desperate they will stoop to save their collective gravy train.
"Cherry picking and twisting facts doesnt make it true.
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Those numbers are in reference to the TCPL test which was the one of the many topics posted by zero snoop in support of company Those numbers are right from the horses mouth.
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Tests have verified viscosity decreases of 40 percent. “It also reduces the power needed to pump crude oil by 72 percent while the flow rate is unchanged,” added Tao. “And by reducing pumping pressures, it’s much safer for both land-based pipelines and pipelines that connect with off-shore drilling sites.”
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72% power reduction in a 500k bpd pipeline would pay for itself in a year. Yet it was yanked and the test was mutually agreed to be found inconclusive . The were no purchase or extension of the lease as a result of this trail and a sketchy explanation of why it didn't work was briefly touched on by management. All of this does not support the idea of"continued interest".
"diotsEverywhere Post# 31599
Well that's exactly what it looks like they are about to do; sell it to Iraq. Are "Legally binding" LOI's standard practice? I don't think they are. If it was legally binding they would just move to contract. An LOI is not a contract, but will set the framework for the contract. "
Legitimate companies rarely report events such as these. Qsep, along with its patent tally, keeps a running total.
"When Bigger was in charge he did what he could do, which was have the leasing agents look for a tenant to take over the lease. So when he could, he moved to a lower price location. Bigger clearly had nothing to do with that lease as he moved the company when he had the chance. "
Lol...so Bigger as CFO signs off on a long term lease deal knowing full well that it was huge cash drain. Then 3 months latter gives Cecil a full pardon with a fistful of cash and stock to boot! Once CEO his wizard strategy to get out of the dilemma is to call the leasing agent to search for a subtenant. Brilliant!
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Honestly, I find it funny that so many pundits were complaining about the high rent on State Street, and now that they have actually done the logical thing and reduced their expenses the same pundits are saying that higher rent would be signal of good things to come. That simply is not the case. There is absolutely no correlation to the amount of their rent to where the company is with Kinder Morgan, Iraq, Ecopetrol in Columbia, rest of the middle East, China, Canada etc..."
They needed to be in cheap offices 10 years ago. As Zep points out if they were on the cusp of landing a "huge" deal" they would not move now. The expense of the subtenant loss and short time left on the term just doesn't make sense. All these years of using those facilities as a facade and now when KMI supposedly wants a big deal they downsize to a shoebox office! Besides all these crack negotiators can't exit a commercial deal any cleaner than this! Pay them 20k and walk.
"If it was on the cusp of $12 a share they'd be renting office space in Riyadh. On the contrary this sounds like a company hunkering down for busting shares out at an ever decreasing value to pay salaries.
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Amen brother! A $750 office in Goleta is the size of my wife's walk in closet!
They could not swing 2 more years on state st to fulfill the lease after spending hundred of thousands for years!! Instead they take a -$1300/month loss on the the existing subtenant Lease and move to a small box. If this was 17 years ago I would say bravo for understanding it needs to lean and mean...but it's hard to wrap your arms around this move when former executive are getting paid 5 times that amount per month for going a crap job.
Pundits believe the convertible note gravy train will never run out but we see big blocks going off at .0125 and nothing on the KMI contract except this" working to finalize acceptance"... This after 6 months!
Figured as much you can lead a horse...
Here's is wiki condensate info:
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The API gravity of lease condensate ranges between 45 and 75 degrees, and lease condensates with higher APIs contain more NGIs, which include ethane, propane and butane, but not many heavy hydrocarbons. Higher API lease condensate is also clear or translucent. On the other hand, lease condensates with a lower API gravity are a black or near black color, like crude oil, have higher concentrations of heavier compounds."
You can then get density information and run a Reynolds number tool box calculator and see very clearly the flow condition. It's turbulent no question. Condensate is also volatile.
Take a look here: http://boldnebraska.org/uploaded/pdf/HeadwatersInitiative-CondensateFactSheet.pdf
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So think about it. On the day the 8K regarding the first purchase of the AOT is announced, if you invested $20K and assuming you could even but it at $.15 (15 cents per share) that would buy you 133,000 shares.
By the end of the day lets say it goes to its previous all time high of something around $1.80 per share you have turned a $20K investment into $219,999 in one day. That my friends is a good day at the office.
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Or you could walk into Wynn in Vegas and hit a $3 slot machine jackpot for $ 10 million. The odds are way better at Wynn.
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Kinder Morgan could be the spark that ignites the fire of all of this :)
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Literally that might be the problem. Condensate is violative stuff and sending a voltage through it at high pressure was s concern of KMI prior to agreeing to this field test . That's why they have a clause in the contract that allows them to not accept the equipment if it doesn't pass a safety review. This is the third unit delivered at Qsep's expense...yet no acceptance. Until management comes clean here you have to assume the worst.
"Sorry, you are completely and utterly wrong. That's all they need to see the desired effect and measure the viscosity and turbulence of the oil from one point to another. Kinder Morgan took the data, not QSEP, which means there's no disputing the results. The fact that KMI hasn't accepted formally doesn't mean anything, they can accept at any time and Kinder Morgan just agreed to automate the AOT on that line. Formal acceptance is next, that it so obvious.
8k is next."
So a diluent doesn't need much viscosity reduction to efficiently pump so I'm assuming your linking the drag reducing feature Tao claims they discovered in Aot testing. The KMI condensate line is most assuredly turbulent so if this device did anything close to what is claimed the reduction in pressure loss alone would be measurable from the get go. It would not take 6 months to get an answer. No news here is not good news.
"Pipeline operations data collected by Kinder Morgan personnel showed viscosity reduction and pipeline pressure drop consistent with both laboratory results and in-field measurements collected by QS Energy personnel."
From a 24 hour test? Impossible to conclude anything of value from such a minuscule testing period and given no formal acceptance by KMI after 6 months of getting the new and improved version, one can only conclude this is a contract that has never commenced and therefore will cannot be terminated. Also, if it has been materially modified beyond the original contract to include new testing requirements or SCADA connectivity before acceptance then that would require Qsep to file an 8k. We have heard nothing.
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Kinder Morgan has tested three times so far with QSEP and now they are "working to automate AOT into their pipeline." That to me doesn't sound like a company that's about to drop it. "
No...the first two units were rejected because they failed the pre startup safety review. The third is said to have a very short stint protorun but KMI has yet to formally accept the equipment which would trigger a lease payment. That was 2q's ago!
If they get acceptance you can be assured they will announce it...heck they are announcing pre-acceptance which is a ludicrous concept to begin with. Chances are that the KMI contract never gets accepted and comes off the line by the 10k. The standard penny play is to simultaneously announce another contract while quietly burying the dead one. (Ala Tcpl). The new contract will be 100% located in some other country away from the prying eyes of investors and regulators.
"31401
The below figures are much MORE IMPRESSIVE. Here is the latest CORPORATE FACT SHEET with a DEPLOYMENT PROPOSAL case study included. Check out the AMAZING ROI figures in the link below. This is why the DRA & DILUENT companies & their AGENTS, LAWYERS & PARASITES are very concerned about the PROVEN AOT & the damage it will do to their industry & profits. The DRA & DILUENT companies have FAILED to stop the progress of the PROVEN AOT. "
More lies and fabrication from management cooking up this ROI sheet based on nothing. They can't even get there numbers straight. Is it 1-3% or 10-15%? Moving condensate is not charged at the same tariff as moving crude oil but hey whos watching! Just bake a nice pie full of dreams and they will come!
"All are covered with non-disclosure agreements which remain in force indefinitely. "
An indefinite NDA! Just keeps going and going with no term or expiration. Pure fantasy !
Wow 2 whole days of testing then yanked off the line faster then one can say"see ya!" Call me old fashion but 1.6 decades of losses, failed promises, and woefully inadequate products and sketchy science, is not the not features I would guess this crack team wants promoted. Some must have missed the memo. TCP is over, KMI is about dead but likely will not be reported until the latest international opportunities are revealed. TCP...well that's in the legacy circular file.
Finding flaws with the company scientific basis is relatively easy and other scientist have been critical of Tao's whacky thesis for years. His increased combustion theory with his auto product was completely torn apart and frankly his Tornado wall makes me think Tao has been hitting the newly legalized pot clinics! Honestly he is paid for seeing things Qsep's way. A paid relationship with the university is simply not appropriate for a penny stock that has stretch the bounds of legitimacy so many times in the past.
Management understands that if KM terminates it will be game over! They will do everything possible to prevent that from happening including never commencing the contract. That's the ruse as I see it now. The time frame and litany of excuses almost guarantee it. Qsep will come back months later and disclosure how they mutually agreed to not commence the original contract because of: ( insert excuse here). Before all of this...they will announce an offshore contract for a new test which have great prospects but have little or zero revenue.
"The sec has APPROVED the INDEPENDENT reports provided by ATS RheoSystems, RMOTC & PETROCHINA.
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Sec is not the governing body for magic pipes. They are there to police public companies and its agents from not telling truth about its products and services and to protect the public from swindling penny stock promoters.