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Good point. I agree they should update us.
Oh and by the way, what does that tell you about one particular board member’s confidence level in the tech, this pilot, and QS’s prospects. I’d say it sends a pretty strong message.
Nice to see even more massive insider buying. These are things I look for in my investments. Very few OTC stocks ever see this kind of insider buying.
Bunting probably has close to 15 million share now that he has bought with his own cash. He also already had some shares, so his average is higher. Somewhere around .12 I think. So he has put in somewhere around $2,000,000 of his own money. Yes I’d say that is indeed lot of cash.
He is an extremely successful businessman if you don’t know anything about him. He has his own line of tequila, and owns a chain of very successful restaurants.
I’ll bet with him any day.
More insider buying on QSEP today. Board member Eric Bunting put in ANOTHER $200,000 just yesterday of his own cash. Mmm, Looks like he is confident of the tech and the company’s prospects for sales ;)
Amen to that As I See it. Couldn't agree more.
I'm happy to see the limited results they are getting from this inferior power supply are giving them results consistent with lab results. A very good sign.
Exactly. Agree and welcome. Fyi I added/bought QSEP shares yesterday.
So common in the OTC that people need constant hand holding. The good news is that the largest investors in QS never post on message boards and don't need to be constantly reassured. They know what they own. If one makes an investment it's just that, an investment. It doesn't happen overnight or sometimes for years as in this case. Have some balls. It's not like we don't know what they are working on, If you made an investment based on a thesis then you don't change as long as the facts don't change. And you don't flip bullish/bearish every 2 seconds based on whet the price does.
#haveconviction
QSEP's fully listed profile at otcmarkets.com
https://www.otcmarkets.com/stock/QSEP/overview
QSEP is NOT delisted Jesus. Guys, please do not fall victim to bs rumors. All you have to do is go to otcmarkets.com and don't get your info anywhere else. Unreal.
I am confident I did not say Dr. Amelio specifically is trying to raise funds for 5BARz.
As far as Dr. Amelio being able to raise funds for Barz, it's impossible to know how much control Dr. Amerlio has over those funds that group has. If anything I would think it's a good thing Dr. Amelio is involved in other M&A activities and that he has access to large investors.
Also, just because that one group bid for that company doesn't mean they can invest in 5BARZ and what I'm sure are completely different types of investments. Also, it's not like those are Dr. Amerlio's personal funds for him to do with as he wishes, it's probably a consortium of different, very large investors. I'm pretty sure it's not at his sole discretion as to what they can or can not invest in. Large investment entities have certain parameters of what they can invest in, industry specific goals etc. Anyway, the responsibility is obviously squarely on Bland's shoulders to raise funds for the company. I hope he is successful, and I do think he might be able to do it. Barz has the ingredients. He also took the responsibility on for failing to be able to raise funds to date, and how long it has taken. I like when a CEO calls himself out, and acknowledges he made a mistake. I hope it's a Mia Culpa.
Also, how do we know Dr, Amelio isn't involved in this current effort to raise funds by selling a portion of the router/data mining business? We don't know.
I don't think anyone knows enough to say exactly how much or how little Dr. Amelio is doing for 5Barz. But what we do know is that he is still active with the company and is still the Chairman of the Board. And he was on this recent conference call. And he has been involved in other M&A activities outside of Barz. Better to have him involved, than not involved. I think Dr. Amelio might have guided another company through tough times as well. At the very least I'm sure Barz and Bland have his guidance which is valuable.
ok Fav, first I just want to inform you that 99% of what Kel said was wrong.
1) first of all, none of us lose our shares. What happens is they just stay in our brokerage account until you direct your broker do something with them. If you don't they just sit there. What happens is eventually the ticker symbol will be removed and replaced with a qsep number instead. So, you will see a long number instead of the BARZ symbol in your account. Unless there is a legal order, ordering your broker to do something with the shares, like in the case of a BK, then your shares will just sit there for years. If 5BARZ relists, then they tag the company to the QSEP number and the shares will be tradable again.
You still own your shares in 5BARZ, the company is just private now, and not public. One benefit of this is that we will be hearing from them far more often.
2) You don't need to keep proof of your shares, they remain your shares, nobody can take them from you unless a court orders a different action.
3) You can't necessarily go to a new brokerage, at least in the US. The only option if you needed one would be to send the shares back to the transfer agent, if you do that they are still yours, held by the transfer agent. That is free.
4) there is not a replay of the cc. I took notes. It was short and sweet but I personally liked what I heard. Best to just sit and wait and see if they get funds. If they do that they will re-list the stock on Nasdaq (that's what they said multiple times--Nasdaq, not OTC, which would obviously be great).
Let's see what they can do, they have a large orders (5 Million order) from VodaFone and more from Bharti Airtel. they also have some financing from Keynes for the network extender to fill orders so they have some cash flow. They intend to see a portion of the data business to go into much heavier production.
Personally, if everything the CEO said on the cc is true, then I'm hopeful that we could have a nice investment on our hands still. Nothing has changed with the company. They just got caught in a game of musical chairs with the SEC and got delisted. If we have a real business, and they are able to raise funds we will likely have a nice investment on our hands as long as they don't dilute us in order to raise the funds to get onto Nasdaq, and the CEO made it clear he does not intend to do that to shareholders. it is of note, that the CEO said clearly they could easily raise the funds they need by consolidating the shares and listing on Nasdaq. They could do this today, right now, and have all the money they need to move the router business forward and start mining that data that they have buyers for. That sounds like one worst case scenario, but even in that scenario we wouldn't lose all our money. Not a good scenario, and to repeat, Danny doesn't want to do that.
I'm optimistic and willing to see this out. I like the fact that Dr. Gil Amelio, the former CEO of Apple is still very active and in the picture with 5Barz. I have $140,000 invested in 5BARZ.
Good conference call. Feeling pretty darn good about this investment now. Nice to hear it all from the CEO and Dr. Amelio. I truly appreciate them doing this call, and informing shareholders more so than ever before it seems.
I'm pulling for them, Let's hope they raise the money and then we can be Nasdaq bound and stronger with no dilution. 12X your money investing in the data business, where else are you going to find that.
Darn good of Bland to look out for the shareholders and refuse to do a consolidation to up-list onto Nasdaq. I 100% appreciate that. That's what he could have easily done, and that's what 99% of all other crap CEO's on OTC do. Great of him to do the right thing. Thank you Daniel Bland.
And good luck team, go get that money. I'm pulling for you.
Thanks Bobwins.
Could be. I just know both Chris G. and Shannon R. are beyond capable and the team as a whole are intent on making AOT a standard use on pipelines. They will without doubt make changes that allow for much easier adjustments to each oil type going forward.
Hi Whacky, yes 2 weeks of continuous operations will be enough is what they said, and I think the fact they said that illustrates how quick they intend to publish data once they have it. That is very bullish, and I think it's clear they will publish as soon as they have the data. They still need to prepare/process the raw data once they have it but that should only take a week, maybe 2. I think it will surprise many how quick things start to move once they get AOT up and running. That can happen very quickly.
Yes it's good they are making this all public and informing shareholders. I'm not sure shareholders understand that working with different oils requires adjustments to the tech, and that it's not necessarily a bad thing. I do think AOT specs will become standardized per oil type, and that way there will be less adjustments needed with things like power. I'm very encouraged by the update.
All they need to do is publish that data, and as long as it's good data there will a ton of positive catalysts for QSEP and they will be moving into sales. I believe the engineering team at QSEP have got this worked out and things should be picking up soon. Testing begins again in August.
For anyone wondering I am still long and strong on QSEP. I have been adding/buying on dips and bought a lot this past week on that dip. So, safe to say I’m not deterred by last weeks dip.
I have little doubt they will sort out any issues or adjustments they need to make to get AOT humming. I have a ton of confidence in the team in place now, and think we will achieve sales sooner than most think.
It won’t be that long guys, data can easily be published very quickly. Remember they can publish data as soon as 2 weeks after they have AOT up and running at the site. Do I think they will get it up and running? He’ll yes I do. And when they do they will be publishing that data. Good data will result in a substantial increase in the valuation. That data will go out to all of their prospective customers which is a huge % of the industry. If they get good data their sales can grow to be on a massive scale. And all we need are 2 companies to see huge additional catalysts happen for the company and a massive re-rating on the stock.
I am very excited about what QSEP is about to achieve here.
This guy has full confidence in AOT commercialization. So do I.
I'm still expecting multiple dollars for this stock.
They will establish sustained operations.
Agree Pappythom. I don’t think power was considered an issue before. However that definitely changed working with this oil. So, you were right.
This is why I am actually very optimistic. They didn’t do a good job of explaining all of this. The update was good but they didn’t connect the conductivity to the power requirement, which they should have explained better. They made it difficult to decipher. To me this update was very positive, where the Q just sounded bad. It’s a shame because I think it’s possible we see good data either from this test in August (which would be a matter only weeks) or the next one if they need to wait for the new power supply.
Yes they will taylor the power supply to the new grid pack design, which will be improved and require less power. This oil is very thick, so this may be the highest power setting they need, as most other oils are not as viscous. Then the new power supply unit configuration may be good for most other oils going forward.
Read the update again. I just re-read it. If you read it carefully they are telling you they solved the conductivity issue. More power will solve the issue, and it’s obviousness they have already figured that out.
And more power is not an issue even right now, because while they are waiting for the new power supply to be made they will be using a power supply available in the field.
This is all in the update.
They are also telling you they expect to be have full sustained operations and then data within 2 weeks after that. They also are telling you they will be testing again right away in August.
As far as them already knowing what kind of oil they had I would give them more credit than that. My guess is the oil likely changed. Oil is a fluid and ever changing property, and each oil will have its own characteristics. But I think if they solve the power issue on this thick crude, then they likely solve the issue for other oil types going forward as well. Right now, this customer is massive and they are most important. We get it working for them on their oil and we are good to go. I think they will. It’s possible we could have data within several weeks from now. Good data = sales and we are off to the races.
Everyone can chill, we will be absolutely fine. I think data will come sooner than most think, and this customer has big plans for QS if the data is good. And I’m quite confident it will be. Please read the update carefully. Chris G and the company have full confidence in the AOT and what they are doing. I think they have this figured out.
Good data = sales
Congrats to the little rascal that just bought the .135's as I was 10 mins away from buying those. You beat me too them :)
I can guarantee you you won't be seeing that. I would be buying a couple million at .05 if it ever got down there, but it won't.
They will establish sustained operations.
I just bought a lot of QSEP stock :)
We never see a dip like this. This is when you buy. Thank you sellers for my .11's, I appreciate that :) I'm looking to buy more.
They have these minor issues solved. I think they will have good data.
This guy has full confidence in AOT commercialization. So do I.
This is the solution for the conductivity issue:
“With this in consideration, we have decided to procure a new power supply capable of providing significantly more power and accelerate implementation and testing of a value engineered AOT grid pack assembly which our V.P. of Engineering, Shannon Rasmussen, has been developing for the past two years. This value-engineered design implements several modifications to the internal configuration of the AOT grid pack which may reduce power requirements and increase system efficiency. Fabrication and assembly of new grid pack components is in process and should be complete in the next few weeks. Based on our current procurement and assembly schedule, the new grid pack assembly and new power supply should be installed and ready for testing in the fourth quarter of this year. We believe these modifications may enhance output and efficiency and may provide us new areas to expand the Company’s intellectual property.
They will establish sustained operations.
Just bought some at .15 and have bids in to buy more. Overall my take away from the Q and the update were positive. I think they are close to cracking this beast and testing is starting in August. They already have solutions to the conductivity aspect and are implementing them now. They could have data within 2 weeks of starting testing which again is starting in August. They clearly said this in the PR/update.
Overall very positive takeaway for me. We should have data/results very soon.
When taking a speculative shot at investing, there are certain things one looks for to put the odds in your favor. This is how I’ve made millions.
Insider buying, Fortune 500 industry board members, major interest from massive players in the oil industry, all interested in this potentially disruptive technology.
These are are clues that I look for in the OTC for the potential of a tiny nano cap security to become something more. QSEP has these things in spades.
I argue that NOT having these things would much less attractive, and that QSEP is a relatively safe speculative bet in the OTC.
So if not here than where? If not now then when? If one is not going to speculate here in the OTC then you’re not in the OTC. Show me ONE other OTC stock with these qualities. Chances are you won’t find one. This is why I refer to QSEP as a “gem” in the OTC.
They get good data and this stock will be several multiples higher. Sit back and chill and let this company work for you because they are truly are doing just that. My feet are up on this one.
COMPLETLY WRONG. THERE HAS BEEN ABSOLUTELY NO INSIDER SELLING ON QSEP WHATSOEVER!
QSEP FORM 4'S REPORT ONLY INSIDER BUYING!
There has been NO insider selling whatsoever!
Any report saying there has been any insider selling are boldfaced WRONG.
From As I See It:
Shares were not "disposed" by insiders. Derivative securities (warrants, stock options, and convertible notes) were "disposed" of by insiders in exchange for common stock.
All of that common stock is still held by the insiders. Insiders have not sold a single share of common stock, not one share.
Bullshit. There has been NO insider selling whatsoever!
Any report saying there has been any insider selling are boldfaced WRONG.
From As I See It:
Shares were not "disposed" by insiders. Derivative securities (warrants, stock options, and convertible notes) were "disposed" of by insiders in exchange for common stock.
All of that common stock is still held by the insiders. Insiders have not sold a single share of common stock, not one share.
Huge insider buying on QSEP. Shorts gonna burn on this one. I love this game ;)
https://ir.qsenergy.com/all-sec-filings/content/0001683168-19-001784/ownership.html
(1) On 8/5/2016 Don Dickson invests $70,000 in a Private Placement offering of convertible notes and warrants.
(2) On 10/13/2016 Don Dickson converts his note into common stock.
(3) On 4/17/2017 Dr. Eric Bunting invests $50,000 in a Private Placement offering of convertible notes and warrants.
(4) On 5/15/17 Richard Munn invests $10,000 in a Private Placement offering of convertible notes and warrants. He immediately converts the notes to common stock.
(5) On 5/15/2017 Richard Munn buys 42,000 shares of common stock in the open market at $0.24 per share.
(6) On 5/31/2017 Thomas Bundros invests $100,000 in a private Placement of convertible notes and warrants. He immediately converts the notes to common stock.
(7) On 7/19/2017 Dr. Eric Bunting invests an additional $40,000 to convert his warrants and stock options into common stock well before their expiration dates.
(8) On 7/30/2017 Don Dickson invests an additional $38,500 to convert warrants into common stock.
(9) On 8/2/2017 Gary Buchler invests $50,000 to buy common stock at market prices and convert all of his vested stock options.
(10) On 10/2/2017 Dr. Eric Bunting invests an additional $33,875 to buy 125,000 shares of common stock in the open market at $.271 per share. He also converts 178,002 of his newly vested stock options into common stock at an out of pocket cost of $12,460. This brings his total common stock holdings to 6,735,430 shares worth approx. $1.8 million at today's price.
(11) On 2/6/2018 Dr. Eric Bunting converts 179,710 of his newly vested stock options into common stock, well before their expiration date, at an out of pocket cost of $12,580.
(12) On 3/30/2018 Dr. Eric Bunting invests another $40,000 in a private Placement of convertible notes and warrants. He immediately converts the notes to common stock.
(13) On 3/30/2018 Dr. Eric Bunting invests an additional $18,000 to convert warrants into common stock, well before their expiration date.
(14) On 05/14/2018 Richard Munn invests an additional $5,500 to convert his 110,000 warrants into common stock.
(15) On 11/26/2018 Dr Eric Bunting invests another $25,000 in a private Placement of convertible notes and warrants.
(16) On 11/26/2018 Don Dickson invests another $25,000 in a private Placement of convertible notes and warrants.
(17) On 02/21/2019 ceo Jason Lane invests $25,000 in a private Placement of convertible notes and warrants.
(18) On 02/25/2019 Thomas Bundros invests $15,000 in a private Placement of convertible notes and warrants.
(19) On 02/25/2019 Richard Munn invests $10,000 in a private Placement of convertible notes and warrants.
(20) On 3/21/2019 Dr. Eric Bunting invests an additional $50,000 to convert warrants into common stock, well before their expiration date.
(21) On 04/03/2019 Thomas Bundros invests an additional $8,250 to convert warrants into common stock, well before their expiration date.
(22) On 02/25/2019 Richard Munn invests an additional $11,000 to convert warrants into common stock, well before their expiration date.
(23) On 06/04/2019 Dr Eric Bunting invests another $100,000 in a private Placement of convertible notes and warrants.
All of the individuals named above are part of QSEP's Board of Directors. All of them are investing their own money in QSEP. While NDA's may prevent them from talking about the specifics of any particular corporate relationships, this is a powerful alternative way to express just how confident they are in QSEP's immediate future.
I've emphasized the word immediate because I think the motivation for early conversion of 10 year stock options is based on a strong belief that the stock will be going substantially higher in the near term. This early conversion will reduce the future tax burden substantially if that were to occur (long term capital gain instead of ordinary income).
The "bargain element" of a stock option is taxed as ordinary income while the remaining gain is taxed at the lower capital gains rate. Exercise of a stock option while the underlying security price is low insures that the "bargain element" will also be low allowing for the best tax outcome (the bargain element is the difference between the price at the time of exercise and the grant price). For the owner of a QSEP stock option it requires a very powerful incentive to give up a 10 year "free look". A savvy investor would hold onto a stock option as long as possible, exercising and putting up money only at a time when the outlook was so positive that it is likely to move the stock substantially higher. Anybody exercising their stock options today must feel now is that time.
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.
QSEP shares almost back to .20 - ohhh but bears are trying soooo hard lol. I'm laughing at all of you.
Bears gonna be toast on this one.
Burn em all :)
A tiny no name penny stock company's million dollar product doesn't "randomly" wind up on THREE (3) fortune 500 oil company's pipeline to be tested unless there is REAL interest in the product. If the data is good the sales will be huge. It's that simple. The bears are going to get crushed here.
Fortune 500 board of directors on little ol' QSEP's board. How quickly some forget...
https://ir.qsenergy.com/all-sec-filings/content/0001683168-17-001142/qsenergy_8k.htm
once that data comes out it's game over for the bears
20 to 30 companies lined up to buy AOT - worth many millions in revs and profits