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I don’t think matters…the 10k will be out way before they can make any moves and it will show once again how dire the financial side of the picture is. The company needs $5M just to be considered solvent. At .05 a share that’s a 100M shares! No shareholders meeting in November…I’m guessing that the increases in share authorization is the next major news!
“Based on final analysis of in-field test results, SCADA operating data and subsequent analysis of crude oil samples at Temple University, Kinder Morgan and QS Energy are considering moving the AOT test facility to a different, higher-volume pipeline location. The Kinder Morgan Lease is currently in suspension and lease payments have not yet commenced.”
An example of the company lying in a 10k. if the device worked as implied they would not put a lease in suspension, in fact there is no lease without a consideration/payment. The fact they did not consummate the agreement speaks volumes as to the efficacy of this device. Additionally the 10k said they ran AOT for for a whole 24 hours. Then all info in this regards just vaporized and it was in to the next rodeo. A field test this does not make!
Wow so many misrepresentations
So little time…
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The data on the condensate line was good. And that is amazing considering it was on CONDENSATE. Which is basically a diluent, and not a heavy crude oil which AOT works better on. The data was commensurate with the lab test, which we know were good. Yet another data point that tells me AOT works.
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What data? There was no data because KM did not accept the delivery under the terms of the contract and therefore all test results are inconclusive and consequently they didn’t pay a dime for the lease they were legally obligated to pay. The contract language is clear. AOT didn’t need to actually work for them to get paid…but since KM didn’t know that Tcpl terminated their lease they likely inserted the safety review clause to bail out….again trying to decipher this as a positive is just a dead end street!
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That contract if executed would have been worth $12,000,000 a year to start. And that would have been the tip of the iceberg.”
The operative word “if” pretty much nullifies any positive take anyone could possibly glean from disclosed results. Both TCPL and KM failed. It is also false to say that KM paid for “all” expenses to test. Qsep was responsible for all transportation costs among other things. Worst of all KM was legally bound to pay Qsep but did not honor the contract which clearly stated they lease for the term. After no news Qsep finally indicated KM determined the device didn’t meet their safety startup threshold and basically said the contract was on hold for a year. Soon after Poof! It was gone. These are not tests that succeeded.
“Let us celebrate once again the positive hydrostatic test just over a month ago.”
Translation: please remain positive while I cook up another delaying tactic which will let the company once again kick the 20 year old rusty can down the road.
“As you would expect, our
next step is to follow up with our existing or future development partner(s). “
Lol…let’s ask Tcpl,KM the only “legit”companies that played around with this outfit. if they still have “continued interest”. The response I would expect would involve hysterical laughter.
“Since last year,
communication has been well underway from where we left off with whom was our existing
development partner in June 2020.”
Ahhh sorry a partner doesn’t get paid $500k & bill you for every tweak & fix that is needed to turn on the magic pipe. Unless they got paid upfront….oh wait.
“Furthermore, we have garnered the attention of a new set of
individuals that could consolidate the involvement of new development partner(s). “
Hope springs eternal!
CEO last update was a classic bit of fiction!
“The aggregated short chains are similar to the short polymers used in DRA (Drag Reducing Agent), which lead to the viscosity reduction. DRA is an expensive, widely used, chemical added to crude oil to increase flow rates by reducing viscosity.”
Drag Refucing Agents are primary use is to reduces flow turbulence and the chem amount that is metered in is measured in parts per million! A significant fraction of diluent is still needed to reduce viscosity. This makes Qsep 2 in 1 claim even harder to swallow!
Wonderful word salad but has little to do with the pseudo science put forth by the company and it’s recycling management. It’s human nature to want an investment to do well but when it comes to scientific principals, Mother Nature wins all arguments. After a decade Qsep should be able to explain its viscosity reducing phenomena to a 14 year old teen. If they can’t do it clearly and concisely then either management does not understand what effect if any they are getting or they are intentionally misleading investors. Management for years recap has claimed that the moving pressurized turbulent flow of crude within the AOT clumps together in a manner along the axis of the flow to magically reduce viscosity without the addition of diluents. Additionally they claim a turbulent reduction action so as to magically kill two birds with one convenient stone.
Happy to change my position with actual proof of efficacy not wishful thinking or showing a oneoff glass slide Tao ran a decade ago!
“All the root cause analyses of the electrical shortages has resulted in a re-engineered AOT that has passed key tests showing no shortages and full voltage. The engineering has caught up with the proven science.”
Great they figured how to make a giant capacitor not discharge when filled with water. Now do it with high pressure turbulent viscous crude flowing st 5mph in all weather for 3 months operating 24/7. Then and only then can it be claimed the device passed the first “key” test of turning on and not malfunctioning in a harsh environment. The device efficacy can be quantified over time which is the aim of any legit field test. The remainder of 2023 will be spent like so many previous years……wait pray wait.
“Can they secure a paid contract to pose as a green alternative once again? Its possible but again the odds are in realm of hitting the lotto”
The odds of hitting the lotto are: 1 and 300M. Make your own conclusion and feel free to give an estimate of when this company turns $1 in reoccurring sales.
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So it's possible. Well. well well. look at that. I can't believe my eyes. Paint it any which way. This is a complete 180 reversal from at least the last 20 (?) years. Which I think is complete and utter bullshit and the definition of hypocrisy too
The entire premise of the company has been a giant PR stunt. Engineering has been subpar at best and it is always reactionary! R/D, as percentage of expenses, shows how little cash they put towards developing an innovative working product line. Most of the money was spent on SG&A.
Every fuel injection device QSEP came up with failed even after Tao stamped his official seal of approval. The products just didn’t cut the mustard. Then they realigned to the energy with a new oil transportation gimmick & continued to blatantly lie about efficacy and used Tao's position at Temple in an effort to buy legitimacy. Tcpl would have milked the value of this type of publicity especially with climate activists opposition to pipeline and refineries. For the price of one TV commercial AOT would have been a perfect showpiece for green technology that operators could show the world they are willing to work on. But alas it could not operate for more than a day or two and was sent home packing. Epic Fail.
So after $125M dollars down the drain several more botched attempts they are no closer today than they were when Tcpl booted them off the line for failure to launch! Can they secure a paid contract to pose as a green alternative once again? Its possible but again the odds are in realm of hitting the lotto
The blue beast that was used as a monument in front of Lanes facility in Tomball Texas has been removed and the single AOT that was visible from Sat imagery in the yard is also no longer there…so I trust Cecil had it moved to his Dry dock HQ in Nevada. There still have 4 more vessels that are unaccountable…
“No operator is buying the magic pipe anytime soon unless it’s used as some green publicity stunt to make it look like they have a first commercial adoption by a major player. I trust much of that activity is happening now”
Try reading it again…The operatives words are “publicity stunt” and “make it look like..” that’s the activity that’s happening now…this company will not get a contract in 2023 or 2024 other than a test they pay for…which will fail and will be determined that a new fix will be needed! Mother Nature cannot be swayed so easily into bending the laws of physics because Qsep wants sell off more of equity ownership which they are doing now to keep the lights on.
They will likely reverse merge into oblivion down the road. Cannabis companies that want go public or need the NOL come to mind. No operator is buying the magic pipe anytime soon unless it’s used as some green publicity stunt to make it look like they have a first commercial adoption by a major player. I trust much of that activity is happening now.
I don’t believe any of the companies on your list started in the pink sheets and even if a few did, they certainly didn’t spend 28 years there bouncing off the walls! That is because they had financing and were able to generate revenue through innovation and real products. Qsep has been claiming it would up list to a better exchange for a decade and roll out a suite earth saving products was just plain untruthful. The requirements to uplist put it so far out of site, the argument must be muted so as to not destroy the narrative.
Since the 10k is still 60 days out, 5 will get you 10 Qsep will soon start to release a flurry of non-event updates. These meaningless updates, like the hydrostatic test will be consumed like Cinnabons after a hard day at work high fiveing & back slapping. The result however will be more of the same…the laws of physics coupled with an ineffective cash strapped management makes this a long shot with 6 decimal places!
Better returns? They have zero reoccurring sales from anyone. They have combusted a $100M in cash predominately spent of employee comps perks and stupid licensing agreement and revolving door and musical chairs for management!
Original patents have maybe a 20 year lifespan so whether its Qsep or Temple they maybe have another 6 years on the oil viscosity device. Makes not paying Temple millions in back fees kinda of a big deal!
But….nothing to see here carry on!
So I guess iHub volume information is not to be believed? The volume yesterday and trades are displayed as sells…like a 20 to 1 ratio!
Comparing Apple to Qsep is a meaningless analogy. Fits with Cecil’s modus operandi. Put out complete nonsense updates that need a cypto cipher to learn what actually was said. Honestly it’s like a bad creative writing class in high school!
I don’t buy garbage
Look at the sell volume
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I would emphasize that the timing and participation of such efforts are designed to yield results that would surpass what we established in late 2013 with TransCanada…”
Wow that is some high level spiffy CEO word-salad but is barely readable.Call me old fashioned but imo it’s not difficult to surpass a test that failed miserably. Talking about setting bar low…Qsep management must believe investors are either stupid or asleep! This update is right from the playbook management has been running for over 2 decades! The unknown possible prospect angle has been worked more times then a mattress in a Cathouse.
$4 pps average and revenues of a few million dollars per year for the most lenient tier. Pretty much an impossibility for the foreseeable future. Qsep investors have been lied to so many times about uplisting I doubt it will used as bait this time around. Every move Qsep has made was predicted along with its failure. The going forward are easy to see…
That metric means it’s time to bolt! BlackRock CEO just another globalist like Klaus Schwab. The moment Halo goes woke there will be a mass exit for the doors…it’s been a great ride but I’m sorry to see they let the Marxists in the henhouse!
The news that would make “the bears” look like fools isn’t coming. It’s been promised but never delivered which is modus operandi of the corp!
Best advice….I’ve heard today
The insiders are getting paid today. I’m sure they are offloading .03 cents shares by the fistful. When the market realizes that management is throwing whiffle balls and are no closer to proving the efficacy of the Great White Magic Pipe, the newly resurrected zombie pump will crash and burn just as it has on every other pump and dump this company has employed! The next news is going to be an audited 10k. Not exactly a catalyst for sane investment.
Gallagher is a paid consultant.
Qsep owes Temple $1.9 million for past due patent fees collecting $190k a year in interest. If this company was so confident of its supposed technology and imminent success then there is no they would let this lapse into this level of past due debt.
Company is obligated to pay $187k a year for licensing fees. This number represents two agreement one for the fuel injection product and the other for the oil viscosity device (AOT). The fuel injection license is over a $100k a year with the remainder being the oil device. The fuel device didn’t work 15 years ago won’t work today but the brainiacs at Qsep keep accumulating debt and interest without an explanation.
This type of deal making is just another demonstration of its idiotic management.
Cecil himself said in 2009 that Elektra (the auto fuel injection device) would transform the company into profitability! Now he is back running show….how many investors I wonder got duped by Cecil’s promises!
As far as scientific analysis goes- Qsep has been unwilling or unable to describe in the most layman terms why and how it’s tech works. Does the crude get polarized by some quirk of nature that no one on the planet has been able to accomplish? Nobody knows and company is happy to keep it that way! These are red flags that can be seen from space.
The otc is full of companies based on fluff and vapor…Qsep “save the world air” cut its teeth on misleading its investors with fake PO’s and unscientific claims of efficacy so not a giant leap for them to fudge the science. Heck they can’t explain if this is magic reverse viscosity effect is a polarization or a non-polar induced dipole motion.
Illogical conclusion. Companies do not take a decade to fix a minor engineering problem that caused the unit to fail and unable to a full snd complete field test with months of operating data. Qsep has botched 3 separate tests! I see no iterative improvements in performance because the company can’t report fake data anymore…too many SEC eyes on them. So my prediction is this company will have another minor setback that will take years to resolve..in the meantime they will
continue to sell off equity has fast they can. They will be no adoption of this pseudo tech in 2023.
“And when did a lottery ticket last come with a decade of service via 2 terms from the same CEO as well as with the support of a university science department & many other organisations and corporations”
Name one
“Fortune 500 companies like Transcanada and KInder Morgan don’t waste their time and resources on something they think is a scam!”
I agree that’s why they bailed the moment they both discovered it couldn’t turn on.
Lol allowed??? 60k a month didn’t begin to cover the costs of assembling a 4 pack version of the great white pipe! The original lease was 6 months with options to extend the term and even buy the magic pipes for a mere $5M. Surprise surprise, Tcpl ended the lease early by using an escape termination clause.
Km refused to pay for the delivered unit even though the contract clearly states:
“Kinder Morgan agrees that no defect or unfitness of the Equipment shall relieve Kinder Morgan of the obligation to pay the Monthly Lease Payments throughout the Initial Term and Extended Term, if any, hereof.”
“They are not at the sales stage yet, nor have they developed a working AOT, yet. However that hasn’t stopped multiple Fortune 500 oil companies from giving them a shot to test it out. “
Tcpl was the only company that “ gave them a shot” a decade ago & that failed miserably! Then they signed the deal with KM which was moving lease condensate which doesn’t need a diluent and after the rig couldn’t turn on both companies covered up the fact that Qsep would not get paid according to the contract terms even though the contract specifically states otherwise. The subsequent unknown operator was a paid test to the tune of $500k plus delivery and installation but again it was unable to turn on for any significant amount of time. Any company has just a small window of opportunity to prove its technology but Qsep skirts this because it’s just an insider enrichment scheme with a giant prop.
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. I am saying CRUDE OIL is an ER ( electrorheological ) fluid with electrically active particles suspended in a hydrocarbon base.
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Well you would be wrong. Crude is primary a hydrocarbon with some sulfur and O2/ N but no real active ion other insignificant trace metals which would do nothing. ER & MR fluid are specially made with high ionic particle concentration to increase the viscosity by forming interlink chains of aligned particles of sufficient quantity. The assumption that a multi batch ever changing pipeline feedstock will act in a completely opposite manner to these fluid defies the laws of Mother Nature.
As far as the density question, that was taken out of context from a single post which dealt with the equations for mass flow rate.
Where did I say anything about density?
Comparing Non ionic non conductive nonpolar multi batch hydrocarbons with a lab made species purposely engineered to achieve a specific result is the fallacy of your analogy.