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"In its most extensive testing during this deployment, the AOT was operated under full-scale commercial operating conditions over a two-day period. Operations were overseen by the pipeline operator and QS Energy engineers, while engineers from ATS RheoSystems, a division of the CANNON Instrument Company (“ATS”), were on-site collecting data for subsequent analysis. Oil samples were taken from the pipeline both before and after treatment by the AOT. Viscosity measurements were conducted on three grades of heavy crude oils over the two-day testing period. Data collected and analyzed before and after AOT treatment demonstrated a decrease in viscosity of approximately 23 percent 3 hours after treatment, and a decrease in viscosity of approximately 11 percent 13 hours after treatment; 22 hours after treatment, the crude oil had returned to its original pre-treated viscosity."
That's what they trying to move towards, market adoption. If the market sees they are making strides toward market adoption, the stock will likely start to build that into it ahead of time and head higher.
This has already happened. As they moved to fix the short problem, the stock quickly quadrupled from .025 to .12. What will happen if they get a contract?
Some thorough and well thought out information here. I always appreciate your insight. Thank you.
We have some very real and very smart investors in this company. That's one thing I truly value about this situation. Going back to shareholder meetings, I was always impressed with the caliber of people that are involved here. Some smart folks.
Pleased to see the engineering is holding up well. Gallagher, the lead engineer (who is being backed up by a small team helping him) seems to be doing a very good job at identifying how to get AOT ready for the field. As a long term investor in this I definitely like what I’m seeing from Mr. Gallagher. And if this open is any indication of what’s to come we will likely see substantially higher prices. Anything can happen in the OTC, but I see .30 as an initial medium term target with additional developments which I expect and hope will occur.
Hey Truth. Yep still here. I think some good things in the works so I’m staying long. Hope you are well.
Don’t sell yet. A lot further to go here imo. I’m looking for .20 then see what happens after that.
Kyte going for a million dollar investment in QSEP.
Oh yeah, I’m still here. Hope you are well! I think the stock goes higher form here as well.
We live! They finally filed which is a huge deal. Happy to see it. I still have a lot of shares so interesting to see what Mr. Kyte can accomplish here.
Haha thanks. I’ve made a fortune here. Been a sweet ride.
I’ve ridden the supply and demand waves on this stock very very well. When QBALL runs she runs huge.
QSEP is STILL going WAY higher.
QSEP is going a lot higher.
Exactly. QSEP stock looking better, and I think we will see higher prices soon. I think there is a reason for it. Could see some progress made by QS on AOT and other things? I think very possible. I would not be selling down here.
I’m buying some QSEP here. I think they turn it around.
Count me in with the fading breed there Shrim. I don’t Mind.
I don’t know. If I was a shareholder this would have scared the crap out of me and I’d be selling every share I could get my hands on now that it is trading again. Imo this is a gift. Get your hard earning money back and run, unless you are willing to lose it all.
Cool, thanks luckymydog. I thought that’s what it probably would be. Interesting. If that’s the case it doesn’t work too differently from regular trading. There has not been any trading volume the last 2 days which isn’t that typical for SFEG. If it can trade, shouldn’t we see at least one trade go through say this week? Surely in a weeks time there would normally be some volume on SFEG. If there is not one trade at all this week, I would have to question if SFEG is trading at all. Maybe the volume would not register on level 2 normally or something? Maybe if it’s on the grey sheets we can not see the volume? That would be odd but I suppose it’s a possibility.
If no volume and no trades for an entire week and we should be able to see the volume on level 2, I would say it’s not trading. And something else is up. Again, I have not seen an otc Company resume trading after being suspended, but according to what many are saying here they do unless revoked right away. My stock was revoked right away, and I assumed they all are. I think it’s pretty standard for the SEC to revoke right away, but who knows.
Thanks for the reply. I’m learning something. What do you mean by a “matched market.” I can’t believe this is the first time I’m hearing about this. What is it, and if there is a match will we see SFEG trade under the SFEG symbol as normal volume?
Apologies, I’m still unclear if there is either a new, or additional symbol it will trade under.
Thank you for the responses lucky,mydog.
Ps, I’m a dog lover as well!
Hey all. It's not trading today, at least under the symbol SFEG. Will there be a new symbol if and when trades on the grey's?
I've spoken to several very knowledgable people in the OTC. One teaches a class on OTC which I took. He told me he has never seen one company ever resume trading after being suspended. However he didn't talk about the grey sheets, but I don't think they would be anywhere near the price the stock was previously, i.e. .05.
I will be shocked if these guys resume trading under SFEG at previous prices. But of course I hope they do for those that got stuck in it.
Typically, my understanding is that even if they file and get current, it can't prevent revocation. Of course I'm sure there have been exceptions in the past although no one I've spoken to has seen that happen.
You are right. That didn’t occur to me until after my post. And also, after I thought about it something else entered my mind. If they had no result from the repair of the part that they thought was giving them difficultly with the short, then it might become clear that they didn’t know exactly what was causing the short. But they basically fixed the short problem, and then had another problem with the power diminishing. So, by deduction it’s clear they had a positive result from fixing that part over the past 8 weeks or so during covid. It wasn’t the exact result they were looking for, but it wasn’t the same problem at all.
It’s clear they know what they are doing. They identified the problem area, and had a positive result after fixing the problem they identified. It proves we have a very qualified engineering team, that knows what they are doing on the AOT, and can identify problems and fix them. That’s pretty big in my book, because this also means that the likelihood of getting the AOT working and getting data is much greater than before. At least to me. I think of others think about what they just did they will come to the same conclusion. I am extremely encouraged by this.
Those are the people we need to pay to get the most important job done in the company. The engineers and the engineering of the AOT. We must pay them if we can.
I have been told by the company, that if it comes to it, they and others will indeed forgo their salaries in lieu of other compensation. I don’t know what that would be, but yes likely stock compensation imo.
Zerdoedin, I know the reason why they don’t want to share the name of the oil company, but I’ve been asked not to repeat it, so I am honoring my word and my friends request.
When I say I am close to this deal, I am saying I know most of the largest investors in the company, I am not saying I have insider information. I do not have insider information, ever. I am just saying, because I speak to, and am close the largest investors in the company that I have a very good understanding of all aspects of the company. I have also been an investor for well over a decade. I know just about everything there is to know about this company, and their history.
It’s hard to understand your question, but I did understand you are asking where are the trillions of capital. Money will flow quickly to this company if they have s successful pilot and get decent data. That’s one reason the stock will instantly be worth more.
Update is out. Its not bad or good, It’s just informative and them being transparent. Which is good.
I want the oil company to remain nameless. In fact I supported them in doing this and there is a damn good reason for it. I am close to this deal. They don’t want the name known for good reason. And I 1000% support it and every shareholder should. I do know the Fortune 500 oil companies numbers and the company is absolutely massive. If QSEP is able to get data, the sales with this company will be huge, and the stock will be at dollars.
I have been around this investment for a time. A decent size shareholder now since 2009, and watched it since 2004. I will tell you that I am a much larger shareholder today then I was then, and I believe QSEP is going to be a huge winner. Imo it's a multiple dollar stock here easily if AOT data is good and that data is shared with the many potential interested customers they have.
Everything they have been working towards now, trying to get a pilot for AOT in order to get verified data on a commercial pipeline is in the process of coming to fruition.
They have recently entered into an agreement with a major fortune 500 oil company (a member of the PRCI (Pipeline Research Council Int'l which means they are massive); where QSEP will retain ownership of the all the real time data that AOT generates. This partner company has agreed to make it a demonstration site as well so all of QSEP's other potential oil company customers can view the AOT and it's real time data in person. Many oil companies have said they will be coming to see AOT in person. Will Saudi Aramco come see it? I think they will.
Also, the company has stated at their most recent shareholder meeting they have 20-30 large oil companies who are ready and willing to move into sales on AOT if the commercial real time data is good. Most importantly, QSEP owns the data, and plans to release it publicly in a form with will not give away any sensitive date regarding their AOT pilot partner (the oil company).
Additionally, this fortune 500 US based oil company partner that QSEP will do the pilot with is not just doing this for fun. They have a real time problem they believe AOT can help them with and have already expressed a desire to outfit the rest of the pipeline (2 additional units) if they data has good results for them. They also have additional large pipelines in other areas of the continent.
This a sweet deal for QSEP, as this pipeline runs South american crude oil which is thick as hell, and we know that AOT has shown the best results on heavier crudes. The whole set up is a sweet slow pitch that QSEP can hit a grand slam on without blinking.
They (QSEP) now has TransCanada's lead engineer from the AOT test with TC who has made even further improvements on the AOT (mentioned at the SHM).
To top it off there has been recent MASSIVE insider buying.
In addition, Between myself and 2 other groups I would say we have 60% of the float locked up between us. There is about 200M share float. So we have about 130M of that locked up, if not more not including the large holders that have sold out over the years and not bought back in. The float has changed hands many times over the years, and imo the vast majority of impatient shareholders were gone long ago. All the recent note holders are strong hands, and myself and a few others are the ones who own those notes and we are holding tight for a buy out of the company which we believe will happen in the next 3 years somewhere between $6.00 - $8.00. No joke. It;s easy to see how this will be sold if it is commercially adopted.
If QSEP gets good data anyone who sells under $3.00 is a fool imo.
This float is still so locked up and it make this thing fly to new heights. And that is what myself and other large strong shareholders are doing. Everyone has to make up their own mind if they want to own QSEP. This is my opinion and I'm not telling anyone to go buy it. But myself, along with industry professionals believe QSEP can be a very successful investment.
Imo every share that gets bought up is locking the float up more and more.
I'll leave you with this: Shannon Rasmussen, the engineer for TransCanada that headed up the AOT test with TC said at the most recent QSEP shareholder meeting that he sees AOT as "one of the 3 main solutions" the oil industry will employ to combat bottlenecks and viscosity issues. Diluent being another solution obviously. Not a small market.
That is with past management that has been gone for close to a decade. The first 20 years are meaningless, and that is well known. Currently QSEP has a seriously experienced management team a board of directors. Look who the CEO is, Don Dickson who headed up an entire division of Kinder Morgan for mnay years. QSEP doesn't even remotely resemble the company that was started 20 years ago. NOTHING like is was in the early years. Yet punitive pundits continue to use the past because they have nothing else to rely on except cash that has been burned 20 years ago.
Alas, but we've all been down this road now for many years and this is well known.
Haters gonna hate.
I don't know if they get data from this test, but if they get it working and get data this company will be be at it's early stages of meaningful success.
I think this company, out of the entire OTC is one of the few that have a legit chance of being massively successful.
This is why I am heavily long this stock:
Outline of investment thesis in QS Energy (QSEP)
“The simpler it is, the better I like it.” — Peter Lynch
Summary
1. QSEP has developed a disruptive new technology that uses dielectrophoresis (basically, electric fields) to make crude oil much less viscous, by up to 80%. This can increase the amount of crude oil midstream companies can transport via pipeline by up to 20%. With a barrel tariff of $5, moving another 20,000 bbl/d starts to add up to huge money.
2. The technology has been piloted and shown to work by TransCanada and Kinder Morgan. There is a lot of peer reviewed science and real-world tests establishing its efficacy.
3. For years the company was led by ineffectual management that failed to commercialize the opportunity. That changed in April 2017, when Jason Lane, an oil industry veteran, took over the company as CEO. He brought on a proactive, connected board of directors and has been working hard to strike permanent leases for this product.
4. The company is about to sign some Letters of Intent (Q1-Q2 2018), as well as close on institutional funding, and ship the tech to South America for installation (Q2-3). Then, after a period of 30-60 days of testing, a systemwide pipeline installation will begin (Q4 2018-Q1 2019).
5. As soon as the tech is adopted, the company will have an extremely high-margin, high revenue business (in the example provided below, an investment of a few hundred k by QSEP would yield annual revenue of $17m) with an impenetrable moat, and huge opportunities for reinvesting capital and years of high revenue growth and compounding returns.
6. The stock is thinly traded. Near-term catalysts for share price increase are the signing of these LOIs, followed by institutional funding, then the pilot tests, followed by systemwide installs. It appears that 2-3 LOIs will come out within a several month period.
Introduction
Oil producers in the U.S. and elsewhere have long faced a problem: the cost and difficulty of moving crude oil from point A to point B. Crude, especially heavy crude, is highly viscous and requires massive centrifugal pump power to propel it through pipelines across the country.
This company (QS Energy) offers a novel way of increasing pipeline capacity and reducing costs of operating existing infrastructure. The technology, known as the AOT (Advanced Oil Technology), has the potential to save operators money and move more product more efficiently than competitor technologies and with a lower environmental impact.
QSE has been developing the technology for over eight years, and right now appears to be on the cusp of seeing its product adopted by industry.
When the company signs leases for its tech, it will be a business that offers strong returns on invested capital, a wide moat (it owns the patents to the tech), large opportunity for reinvesting earnings, double-digit compounding growth for many years, an enormous addressable market, and a recurring revenue business model based on the 24/7 flow of the basic commodity powering modern society: oil.
Background
QS Energy’s product is called Advanced Oil Technology (AOT). It was developed by Temple University professor Dr. Rongjia Tao, a top scientist in the field of electrorheology. The company has the exclusive perpetual license to the tech.
AOTs have been tested by TransCanada and Kinder Morgan beginning in 2013 and 2014 respectively. The TransCanada test showed a viscosity reduction of crude from between 8%-30%. The Kinder Morgan test verified that the AOT performed in accordance with laboratory expectations, and that they demonstrated a pressure drop on the line according to SCADA data. This is described in a 2017 10K.
But for years this company was run by ineffectual management with a compliant board — a typical story. The CEO was doing nothing and did not know how to penetrate the oil industry.
Frustrated with this state of affairs, in early 2017 it appears that shareholders got rid of the former management and installed a new CEO. Jason Lane, a veteran oil man, assumed control of the company on April 1, 2017. This breathed new life into the company and reinvigorated its prospects for commercializing its product. Lane kicked dead wood out of the board of directors, moved the company to Tomball, Texas, and filled the board of directors with oil & gas veterans (two current executives at Kinder Morgan, one of them a high-level executive) who have invested their own money in it.
On January 25, 2018, Lane laid out an ambitious plan for commercial adoption, saying that he would have systemwide installations of the tech on pipelines in early 2019. The technology will be extremely profitable when revenue starts coming in.
Some important links:
• Company overview - basic self-introduction
• AOT Technology overview - basic introduction to the tech
• QS Energy CEO Jason Lason Issues Shareholder Update - an overview of the company’s specific, imminent, commercial developments.
• Application of Electrorheology to Improve Crude Oil Flowing Properties Through Pipeline - technology paper. Read if you want to geek out.
The technology (AOT)
There are two main ways that oil flows in a pipeline.
Turbulent: Or laminar:
Obviously, oil companies want flow that is more laminar, since it is far more efficient. They can move more product.
In short, this is what the technology does:
The crude oil in its original state is on the left — many tiny particles all crashing into one another.
Once it goes through the device in the middle (the AOT) the particles form chains in the direction of the flow.
Here are some photographs of the device:
Newly appointed Vice President of Engineering Shannon Rasmussen with AOT installation on a high volume, high API gravity crude oil pipeline.
The AOT plugged into the TransCanada pipeline in 2014:
Here’s what it looks like inside:
pic not avail here
Competitor technologies
The other available technologies that do something similar with viscosity reduction are diluents and drag reducing agents (DRAs). Diluents are refined petroleum products, like naphtha. They are added to crude to water it down and reduce viscosity so it can be pumped. They take up space in the line and must be refined out at the destination. These are significant additional costs.
DRAs are polymer chains that are added through injector stations after pump stations. They are added in very, very small amounts, but they’re expensive. They mainly suppress turbulence.
The AOT does both things - it reduces viscosity and suppresses turbulence. It's solid state. You plug it in and leave it. It connects with the SCADA system at the pump stations.
Recent changes in management
The tech is only half the story. Management and their ability to execute is also a key part of the puzzle — and the part that had been missing from the QS Energy story until April 2017.
Jason Lane of JBL Energy Partners quit his job and came onto QSE as CEO in April 2017. Lane has been in the oil business for 20 years and appears to have a thick rolodex. Lane must have confirmed that it worked through contacts at Kinder Morgan. He also hired Shannon Rasmussen, formerly a TransCanada pipeline engineer, to be VP of Engineering. Rasmussen left a cushy job and traveled across the country at short notice and on half way to take on the new role.
Lane also transformed the board. Proxy here with the new board members — all oil & gas men: http://ir.qsenergy.com/all-sec-filings/content/0001683168-17-001185/qsenergy_pre14a.htm. Note in particular the new board addition of Gary Buchler. COO of NatGas at KM. That makes the second KM man on the QSEP board.
Interesting to ask: Why does the COO of natural gas at Kinder join the board of a penny stock that is trading at $0.12?
Insider buying
The total insider buying since October 2016, with most taking place since April/May 2017, is 5.25 million shares: www.otcmarkets.com/stock/QSEP/insider-transactions. Many board members have invested tens or hundreds of thousands.
Business model and revenues
This is a pre-revenue company, obviously. No sales.
However, looking forward (if they make sales) the margins are very promising.
QSE will not sell the AOTs, but instead lease them to make recurring revenues.
The January 25, 2018 press release notes that Rasmussen lowered the cost of production of AOTs by 30-40%. So it may only cost $70,000 to manufacture an AOT, which can generate that much value in a couple of weeks of operations.
When the first lease contract is signed, valuation of the company will qualitatively change. It is a high margin business with a huge moat (they own the patents, so they have no competitors), with recurring revenues and rapid growth for the foreseeable future (this claim is made based on the imputed significance of one sizable contract: such a contract would mean industry adoption, which would mean that the AOT offers a substantially better solution to existing technologies, which would mean continued adoption and, potentially, eventual ubiquity). This business just ticks off box after box in classic value investing metrics. And it will also a growth company - moreover, one that no one has heard of. Moreover, one that, if all the above plays out, will move from over-the-counter to NASDAQ in a year or two.
The recent company profile gives some revenue numbers.
Page 4 shows that simply by getting rid of or reducing reliance on diluent, it can increase crude throughput by ~16% (in the example above).
This means an estimated $17m annual revenue for QSE for a 100,000 bbl/d pipeline. QSE would have had to pay only a few hundred k to manufacture, deliver, and install that equipment. This is an extremely high margin business.
In sum
It is impossible to know the future. The best we can do in investing is look at the set-up and form an educated opinion about what is most probable, and weigh the risk. I would summarize it like this:
We know from the science that the technology works; we know it works in the lab; we know it works in prototype; we know it works at a commercial scale. It just hasn't actually been sold. Now there is a new CEO who is a 20-year oil veteran and who has filled the board with O&G people. He is about to sign letters of intent with major oil companies, and close on a round of institutional financing. Insiders are buying shares. When they sign leases, revenue and margins will be extremely high, and the growth rate of revenue will be extremely high. The company will go from 0 revenue to millions, then tens of millions of recurring revenue annually.
That is so true. 99% of OTC are complete and total frauds. QSEP actually is a real company, with a real product. Sure they don't have sales yet, but this is how potentially great company's start. This should have been a VC deal from early on imo. They would have the time and resources they have needed to do this much faster.
exactly Agoura guy, and every company gives stock warrants to their board of directors. However the board does not have to exercise any of those warrants, the choice is theirs. They have to invest their own money to exercise warrants.
Newsflash to those that don't get it: most investors in every company who makes a direct investment via convertible note receives warrants. the board of directors receiving warrants is a standard practice. only Novices don't know this.
Stewguts, it's a mystery to me that I will never understand why this stock is so popular.
and this
Your claim:
There has been nothing but insider buying on this stock for multiple months now. There has not been one insider sell...not one. When it comes to insider activity on this stock, that's all you need to know.
This is the only really smart and well informed thing said here on this topic in the last few days:
There has been nothing but insider buying on this stock for multiple months now. There has not been one insider sell...not one. When it comes to insider activity on this stock, that's all you need to know.
This is the only really smart and well informed thing said here on this topic in the last few days:
TenKay,
Your claim that all of the recent insider activity is just random self dealing of "awards or grants" of QSEP securities is just flat out wrong. As I said before, if you do not read the footnotes on the FORM 4's you will get an incomplete picture of what is going on. There are now approx. 30 examples of insider buying over the last several years and no cases of insider selling.
This is what the "Explanation of Responses" in the footnotes looks like for an "award or grant" as shown in Mr. Munn's FORM 4 filing on May 17th 2020 as part of the annual granting of stock options to officers and directors.
(1) The stock options reported under item 1 above were granted to Reporting Person as equity compensation for service as a Director under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015. The options vest at the rate of 1/12 per month, commencing 1/1/2020, with full vesting on 12/31/2020.
(1) Reporting Person acquired Issuer's Convertible Note in the principal amount of $11,000, for a purchase price of $10,000, convertible into 314,285 shares of common stock of Issuer.
(2) Not Applicable.
(3) Reporting Person acquired Issuer's Warrants as part of Reporting Person's purchase of Issuer's Convertible Note reported above.
10. Subsequent Events
Unregistered Sales of Equity Securities
From March 1, 2020, through June 23, 2020, the Company issued and sold to accredited US investors an aggregate of $230,000 Convertible Promissory Notes (the “Notes”) and warrants to purchase an aggregate of 2,735,238 shares of common stock (the “Warrants”). The Company received proceeds from the private placement of $209,000, which funds were used, and are being used, for general corporate purposes and working capital.
The Notes are due twelve (12) months from their respective issuance dates (the “Maturity Date”). The Notes do not bear interest and were issued in the face amount equal to 110% of the purchasers’ commitments. The Notes are convertible into shares of the Company’s common stock at a rate of $0.035 per share. If the Notes are not paid in full by the Maturity Date, the balance remaining on the Maturity Date shall be increased by 10% and the Company shall be required to pay interest at a rate of 10% per annum thereon until all sums thereunder are paid in full.
The Warrants are exercisable into shares of the Company’s common stock for a term of one (1) year at an exercise price of $0.035 per share. The Warrants also contain provisions that protect the holders against dilution by adjustment of the conversion price in certain events involving a reduction or increase in the Company’s shares.
The offering was made to U.S. “accredited investors,” as the term is defined in Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), and was made without general advertising or solicitation. The securities sold in the offering were not registered under the Securities Act, or the securities laws of any state, and were offered and sold in reliance on exemptions from registration including the exemption from registration afforded by Section 4(a)(2) of the Securities Act and Regulation S promulgated under the Securities Act, and corresponding provisions of state securities law, which, respectively, exempt transactions by an issuer not involving any public offering or transactions with non-U.S. Investors.
Guys, I warned you ALL. I'm really sorry for those that lost all their money. Unfortunately, they are not coming back. No OTC company comes back after this (suspension). Next step is a revokation by the SEC. Trust me I thoroughly researched it because I lost $140,000 on another OTC stock this same way. So, I learned the hard way.
YOU NEED TO STAY AWAY FROM DELINQUENT/NON CURRENT SEC REPORTING COMPANIES. THE RISK IS TOO GREAT.
SEC suspension & revocation deadline extremely overdue, and investors can wake up tomorrow and lose all their money. The SEC will, without question, suspend SFEG any day now if SFEG does not become fully current with ALL past due SEC filings. When a company is suspended and revoked the stock stops trading and you will not be able to sell one share.
I’m not a basher. I always prefer to, and do go long OTC stocks. I hardly ever short and am not short SFEG. However I thought everyone should be hyper aware of the current very risky situation here.
I’ve been tracking the SEC grace period and SFEG is extremely BEYOND the SEC grace period. And years overdue on their SEC filings.
SFEG is extremely delinquent in their filings for many years now. No SEC filings have been filed in the last several years. When that happens the SEC allows a GRACE PERIOD of 2 to 3 years MAX. No more than 3 years on the dime, and they don’t typically go over 3 years. SFEG is about to beyond time period as of early January. Full stop.
SFEG has not been current with the SEC for over 3 years now. Not the date of the last filing, but the last time SFEG was completely current with the SEC. It’s been just about 3 years. So imo traders and investors need to sell their shares now, or risk losing 100% of their investment. SFEG may be trying to file, but auditors ALWAYS take twice as much time than expected, and the SEC has no mercy. They want their money and the company brought current within the grace period and they will not wait for anyone. If not, they immediately deem the company as not fit for investment and pull the plug on the stock. Countless OTC companies are suspended every year. Thousands. I’ve been caught in several and lost my entire investment so I make it a habit to track this. In order to avoid suspension they would need to file in the next couple days, but the SEC can pull the plug today or tomorrow, this is a courtesy grace period given by the SEC, but they have pulled the plug on others much earlier, even the 2 year delinquency mark.
SFEG has carelessly risked all their investors and insiders money by waiting this long to file. They are idiots for playing with fire with the SEC. I’ve seen it happen so many times. The SEC is merciless and will not wait. I’m actually surprised SFEG has not been suspended and revoked already. Anyone with cash at risk in this stock would be wise to sell out or risk losing 100% of their investment.
I’m thinking this power issue is an easy fix, but we shall see. If they are able to get this working and get some data this stock will be much much higher.
To those wondering about the recent selling. All the selling (100%) this past week and last week was by someone I know selling due to a death in the family from CV19. Nothing to do with the stock, or the company. They regret deeply having to sell, but have no choice and were forced to do so at a loss. They said they will be buying back in when they can at hopefully the same prices (I doubt it). I am assured they are done selling.
It’s unfortunate, especially if this test goes well.
Hope this info helped others here.
Amen, thanks for sharing some legit facts here.
Truth, I respect your opinion regarding the CFO. But no new investors? How about all the massive insider buying we have seen so recently? All last year and this year we have seen massive insider buying. People forget so quickly. Eric Bunting, who sits on the board of Directors has plunked a small fortune into QSEP, along with all of the other board of directors investing their own funds as well.
They do have new money coming in all the time, you just don’t hear about it because they are not insiders. I myself have brought in a ton of money into the company. As much if not more than Bunting and there’s more to come. They will raise the money they need.
Regarding the fund managers, that has been, and always was dependent on a progress. Which means testing and data. They need to get good data and small initial sales and we will see those fund managers invest. Which is another reason why the stock will take off if they are able to get AOT working and data.
We are one or two steps away from QSEP moving on from having nothing, to having something meaningful that will command investment and sales.
Nice Schrim, I like it. Dickson has the most experience with the largest pipeline operators (a la Kinder Morgan) of any CEO we have ever had. He has excellent experience and I think he will do an excellent job at the helm. I would have no problem with him becoming our permanent CEO. We really have a great team now. Not to say we didn’t before, we did, but I really like the idea of Dickson and all of his experience at the helm of this.
Imagine if they actually get this working. That will be absolutely huge for the future of QSEP.
I also think they will raise whatever funds they need. Let’s do this.
Something else to consider: the CEO can now can complete insider buying a lot more frequently if he so chooses.
Replacing the CEO’s salary with the incentives of stock options is a much needed and refreshing change It aligns the CEO’s interests with shareholders. This is a good change.
In case anybody forgot, the entire objective of this company right now is just to attain data, and prove out the tech at scale, specifically for the pipeline industry, and specifically many large oil pipeline companies.
QSEP doesn’t need to make money today, or tomorrow. They don’t need sales today, or tomorrow.
Many many many companies burn through a hell of a lot more cash than QSEP in an effort to develop a product, and attain adoption of their product into an industry whereby, if they are are successful will reap massive revenues. Investors from Silicon Valley to small inventors trying to create a new product spend billions and life savings in order to accomplish the same things that QSEP is attempting to do.
QSEP has a better shot than most. But never forget this is, and always has been a speculative investment. A call option. A lottery ticket whereby if they are successfully will make a lot of money for shareholders.
That is why Director Eric Bunting and many others are investing large sums into QSEP.
It’s so easy for armchair (phony) investors (or more accurately speculators) to sit back and put their 2 cents in. Unlike Bunting, the CEO and others, they have nothing on the line.
As I’ve said many many times. QSEP is a lottery ticket, and if one doesn’t want to play the lottery than don’t play! No one is forcing you to invest. Making old claims about how much cash has been spent is completely meaningless. That cash has been invested and sold in the market (likely for a profit) many many years ago. Issuing stock is how companies fund themselves. And QSEP will continue to raise money and find themselves as long as it takes to thoroughly see if this technology can be developed or not. We are close to knowing.