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Looks to me like QSEP are saying to Temple "we're not paying any more license fees to you unless you prove your devices work".
Oh, the irony.
Garbage in and garbage out?
Dilutents and DRAs have been proven to work, that's why those companies listed have sales.
The AOT on the other hand: China: Sent back/Terminated/No info. TCPL: Turned off and terminated. KM: Not even incepted. Sales: Nil. Investment in R&D: Nil. Interest: NIL. Can buy company for a few mil? Not interested.
Sorry. The real garbage is the AOT which one scientist can get to work in one lab and no-one else can show.
I'm sure these big oilcos have R&D teams who are well versed in checking out new technology and sniffing out fakery. There's probably a large budget to make sure they aren't missing a trick or that the laws of thermodynamics haven't changed, or that physics can be broken by magnets. Man, even the Insance Clown Posse indicated some skepticism over magnets? How do they work?
The costs of producing an AOT have never been publicly posted. But we do know that it involves a pipe, a mesh, and a source of power to put electricity/magnetism into the flow magically reducing the viscosity and the onward ease to move the oil flow. That, I think, is probably the shortest way one can put the proposition of the AOT.
It doesn’t' strike me as particularly expensive to manufacture one. Its certainly less than $100m and almost certainly less than say, the $60,000 paid by TCPL in the first week of their testing. Seriously this is good question: how much does it cost to make an AOT? ( Why don't we know if its quantified?) If the costs are reasonable then yet more questions arise. Given one has been shipped to china, another one used at TCPL, and one at KMI (say its the same one just to keep costs to a minimum) they are not mega expensive to produce. They don't even appear in the books so we don't really know as its under Temple fees.
Such a device, or series of devices, have the potential, we are told, to dramatically cut the costs of oil transportation. These savings are of such a dramatic nature that herein lies the profitability of QSEP, which is of such a magnitude that investment guarantees wealth. This is pretty much the core sales message for investing in QSEP.
So what’s the problem? I don't buy stories that the oil business is hard to move, it got its head round fracking pretty quick, and i don't believe they would look a gift horse in the mouth. I don't buy the argument that NDAs have got in the way of a device that saves you billions a month. I don't buy the argument that the AOT is a device that works, but for some reason can't be sold, or even demonstrated. I don't buy the idea that the AOT works but TCPL didn't use it and KMI haven’t' even switched it on.
All is not well in QSEP land, and I think the fundamental proposition is the flaw. You can't make things run more efficiently by putting (electro)/magnets around them. The science has no peer support, very little peer review (which is critical in any case where it exists), and no demonstrated examples.
Pur-leaase
The sensible position is that 18 years, $100m spent, and abandoned sales tells you all you need to know. We've seen 18 years of "supreme confidence" in the BOD, the occasional buy in of shares, fake LOIs, press releases which skip over the most important thing on the shareholders mind, mis-information, non information, lies, constant use of "future looking statements". The $100m hasn't bought anything. Its been spent, compensation packages, cellphone bills for ex CEO's; its quite clear its a scam. An AOT will not be fitted anywhere. There's not even a working prototype set up, $100m hasn't even bought a working example running on the company premises. And remember, this is a pipe, with a mesh, and a power unit. There’s no example for oil, chocolate, blood, or anything.
As a long time investor, I suggest you talk to a lawyer. There's only one chance of getting your money back, and that's from seizing the assets of the liars that sold you this.
And as for a green technology - supposing it had a rats chance of working - what's green about burning more oil, cheaper?
Its just totally unlike a real business.
A real business would have something running, somewhere.
18 years later and we're getting to "potential".
You know when the devil lies to you he's not just inviting you to misinterpret, or interpret favourably a line like "has the potential to mitigate the need for a larger power supplies as experienced on operations on TransCanada’s high volume crude oil pipeline" - he's actually just telling outright evil lies. This one is all off set by potential, then describing a hypothetical problem, name-dropping TCPL and saying nothing.
I have the potential mitigate all the circumstances that have thus far prevented me from being an astronaut millionaire en route to Mars. With Justin Bieber as co-pilot. And that is GENUINE potential, ladies and gents.
After 18 years, there is NO evidence that the device works at all. Former CEO says it wasn't proven.
Current CEO says "Y'all" and for some reason its all gone authentic oil towm but the verbiage is worse and every dollar will soon be worth 20c. I bet preferred shares get votes and common shares don't.
There is NO EVIDENCE that the devices work. and for the uninitiated, company PR is NOT evidence.
And imagine. there isn't even one of these AOT things running in their office to prove the point. They've not even got a contract at the chocolate factory.
All that money raised, and they've not installed ONE for free anywhere to prove the point. Even a small one.
and by 2020 yet more of the bag holders will have died of old age leaving their substantial QSEP estates to wiser relatives who will probably ignore the stack of paper under the bedstead.
Anyway between 2017 and 2020, if the BOD escapes the very light regulation from the SEC and evades criminal prosecution, you'll have rotated through 2 new CEO's, each one better than the former who was, of course, too old/a dead duck/unable to sell! (delete as appropriate), 1 billion shares of the company in float, and possibly a new device or two in the pipeline (pun intended). And I bet having been ignored for their proven ability to reduce fuel consumption on every fuel moving device globally, the new (electro)magnet will be installed in a special "strategic partnership with billion dollar SpaceX" device which takes you directly to heaven where you will meet Jesus. But despite being proven, is strangely hard to manufacture. Or sell. But a patent in vatican city will provide street cred and meth labs will prove it all works. And we'll still all be rich. Tomorrow.
In 2013 you said
"I am feeling like
We are approaching the big boy status now .... "
And four years later...? "Uncle Cecil nor Mr B IMO have the ability nor the contacts to bring the AOT across the line ." What! But now you feel the same.
I am absolutely brilliant at predictions and here's mine. If the company isn't wiped off the face of the OTC and its BOD are in prison, it will be in 2018............................
...............wait for it. .............................
in 2018.....
MORE OF THE SAME! NO SALES BUT LOTS OF PROMISES!
I have another prediction for 2019. That's quite similar too. Mark my words, I'm right.
Who cares?
Income from business activity: the 60,000 from TCPL prior to termination.
Income from selling shares: 100,000,000 +
Sales: Nil.
c'mon. Even if this was a relative you'd have written him off as the black sheep of the family: "DON'T lend money to Uncle Cecil. DON'T! He's full of hare-brained schemes and no-one ever sees their money back!"
Given that the AOT has been knocking around for 3 or 4 years, that it was chucked off TCPL's test site at the earliest opportunity, that the test with KM never produced a payment as contracted (and thus hasn't gone anywhere), given that the former CEO was obliged to say that it was not proven, and given the fact that the single scientist who made it has no peer support to the point of being accused of being ignorant of the laws of thermodynamics, my opinion is heavily dependent on balance of probability of the facts.
Any other opinion prioritises the psychological manipulation they practice, with company PR as its bible, which as we all know is FACTUAL. Like the companies 18 year old, vast array of proven fuel saving devices using magnets that should be worth a percentage of global GDP, but its just been unable to sell.
Company PR versus actual history? Hmmm, its a tough call.
The point I am making is that there is no true value to shares in this company and that actually suits only a few insiders well. Its part of the scam.
The true value is probably nil, or negative. That's because IMO the devices don't work. We know most of them were never manufactured past prototypes including the AOT. But QSEP will not tell you, they are very vague about everything, can't commit to any story, and like keeping investors in the dark.
So the "will it - won't it" story is one going on for decades now on which the entire business is based on a share price which fluctuates around a "will it - won't it" price allowing a wee bit of news to push it up (so insiders bail), then back down again.
But this is how much people kid themselves. Its still just around the corner! in 2013 you said "It may take a few more months for a contract but it could just as easily be tomorrow. When it does come you will have a story your grand children will tell their grandchildren."
c'mon. You tell grandchildren that if something sounds too good to be true..
if it was ever proven to work i will eat my hat.
the problem is its just not interesting if its proven one way or the other.
management know this. its one of those stocks which is too cheap if its proven to work and too expensive if not. better its in hiatus for a few more years. see posts 2013 passim.
How long does one wait to see the same act coming around again.
Check out an older post, just click for Older posts, e.g. check out from 2015
https://investorshub.advfn.com/QS-Energy-Inc-QSEP-5589/?NextStart=19970
Its the same story. Everyone is in for the long haul. Its just around the corner. 2015 will be a happy year. Price goes up. Price goes down. Q3 is coming. Etc etc.
What happened since then, materially?
Some more paper sold.
Go back ANY amount of time, the story is the same. The props change, the actors move in and out of role, but its always over the rainbow.
No, we don't need to agree and I thank you for your responses to me which are considered, even if I know them to be wrong.
But here's the thing with science, (and this is on t-shirts these days). You can have your own opinions, but not your own facts. And the AOT is something that is supposed to rest on facts but no-one, ever, ever, ever, lets us know what they are. Which is why we spend so much time on this board. A big hole is there for us to fill with petty arguments and opinion.
The lack of facts only benefits one party whereas there is the complete and utter indecision about the product. Does it work? No one, honestly, knows. Which is why one's decision to invest in this product is driven not by facts, but by other factors. Your credible friend, the insider, your need to pay off debts, your dreams for a better life.
And because of this, this is no company based in science or facts. It is a company based in psychology, social science. Ultimately you believe, or you don't.
But the facts don't change. And because QSEP refuse to tell you the facts, you can safely say, this is just another penny scam. No matter how exposed you are, you have NO EVIDENCE, other than BOD appointees, a few smell tests, and maybe some share sales to say this works.
If it works: prove it.
Zep sits on Cpop's board and is a shareholder of CPOP Inc.
AND Zep is an employee of ZepCo, a multinational.
Cpop wants to sell a widget to Zepco and says how much can ZepCo afford.
Zep says 2 billion dollars (knowing full well 1.2bn will drop out as dividends).
Its not really a market price is it? This is why it called economic crime.
How did conflict of interest sit in those then?
Can one man choose a/ price he has an influence, and interest, in setting with the opposing partner
No, I didn't read your googling. This is self evident. I would sack any employee of mine who had even scope to rip me off from another company he was involved in. Business 101.
KMI and QSEP will not do business. Or Buchler leaves once he's been read the riot act.
It goes up, it goes down. All on the promptings of a few buyers or sellers. It just doesn't have the volume to settle an a realistic share price.
This companies share price is meaningless until a very serious percentage of its stock is being traded every day. Even 3,000,000 shares is 1%.
The percent is so little that guys here can point out their own trades! LOL!
Correct value of company (without its share selling main wing)? Nil.
Thanks for the considered reply.
My friend, I am not hurt.
I bailed at $1 after TCPL, and arrived with my money and my friends money intact. I breathed a sigh of relief as I too had got others in on our secret knowledge and credible friends.
It still took me several days to offload my stack. It was very hard to sell what were then STWA shares.
I just feel guilty for the poor sucker that bought me out.
Just think about this for a second.
Assume this is true: You have a device which can reduce fuel consumption. You can make every device which burns oil, or derivatives, efficient to the tune of a percentage of energy out through the burning of that fuel more efficiently with your device. Lets also say that you've got it all to work, you can prove it, you've gone blue sky, defeated all the hundreds of scientists who work on this day in and day out, and it works.
So why are you raising money through private investors and selling warrants with a slightly higher resale value for 10 years? Why are you not going straight to the big boys, asking for a billion bucks?
Its like the magicians sleight of hand, the black dollars scam, only you know what's going on and everyone else is ignorant! To top it all you have a credible friend, who has told you about it but is risking themselves to help you so you can't say WHY you know it works.
This is like every scam in the books. It has your confidence. One believes. It excites you. You fantasize about your life on Richard Branson's Island. If it died you'd be desperate to re-invest in its afterlife. It allows you to not see the bleak future for what it is, without your money with you.
It is a confidence trick. It is a scam.
Do your own DD but examine reality first.
It is actually entertaining. I'm a former shareholder who saw the light and bailed, my self delusion being not immune to facts. But if one is massively exposed, it causes all sorts of assumptions.
Lets remember only one thing changed, a few board members. What remains the same is:
Company sells shares to survive, not product. Not one product has been sold despite exes of $100M on admin, costs and a bit of R&D.
Company LIES to sell shares. Check our previous iterations of said device which was ready for sale, for sale, being sold: all dropped.
Company DECEIVES on status of agreements with other companies. Nothing clear said on KMI or others leaving a very wide open space for fantasy building.
Board Members given golden parachutes despite NO SALES and NO PERFORMANCE (Kyte, Bigger)
NO Peer support, a maverick researcher, no independent testing for the devices purported for sale, and results which are agreed to be inconclusive.
ADMISSION that the devices are not proven to the SEC.
Caveat Emptor: this stock is a scam.
Any legal beagles out there?
Wouldn't
its not an opinion that Tao has no peer support.
Its not an opinion that none of these devices has ever been sold
its not an opinion that the former CEO said it wasn't proven.
My opinion that the device doesn't work is based on the fact that TCPL sent it back, KMI said precisely nothing and never paid a dime, none of the previous devices have sold, and the only person saying it passed tests is the guy who designed it who is getting himself a fat research grant for doing so. Would you trust the guy paid by big tobacco who said cigarettes weren't cancer causing? Come on. Balance of probabilities is that it doesn't work. At ALL. Take the other factor of time and resources and they've had decades and millions of dollars to try. It doesn't work. Magnetism and fuel is about as much a product as as magnetism and wine.
"because the former CEO, while forced to say it wasn't proven...": Bigger. An unbiased person, with an exceptionally poor track record even for his cheerleaders and 600,000 reasons to lie.
"That has not been proven one way or the other yet" -- correct. Because no independent third party has published anything. The nearest to independent third party is TCPL who turned it off and sent it back. KMI didn't even turn it on. On the balance of probabilities - it doesn't work. On the basis of no better proof other than rejection by resource rich oilcos, I can only promise I'll eat my hat if does eventually work. But the name of the game isnt' even the devices themselves. Its keeping the show on the road of selling paper. The target customer isn't oil companies, its shareholders!
"It was a pretty good day yesterday" for these prices to have a meaning, there has to be thousands of sales a day, every day. 50 odd trades doesn't cut the mustard. That's why you can be more confident about Apple's share price reflecting the expectations of its shareholders. 50 odd trades! Please! Plus Apple also have products, assets. QSEP has no products, no sales, no assets. Its an embarrassment to suggest that yesterdays trading is anything other than meaningless. Just because one is exposed to it, doesn't mean its true.
Maybe, just maybe, the volume isn't enough to talk about trends, patterns and the like. The fact that its' worthwhile on this board to talk about individual sales tells me that there's not enough volume in any case to talk about a pattern, a trend, what we're seeing is eccentrics shifting a few bucks, playing a bit of a petty game... the truth of the matter for any trade is the publicly available information.
No sales.
No reliable science.
History of burning cash for wages/salaries etc etc..
&c &c &c
Its endless. Speculating on a few trades does not make science. E.g. Mr ENT could well have realised he would have to take a public role, run up the stock a bit then dump so he could exit either with a profit or while breaking even.
No-one likes to see that they have been burned.
Ready.... just unsellable for what five years?
What a shame QSEP still needs to sell shares to keep going.
Do these directors who buy shares get paid? It would be a great wheeze if you buy $50K of shares get that paid back via another route and end up with your money AND the shares at no cost. Just a thought.
How absurd.
You don't need a sales guy to sell a saving. You don't need some guy furiously scribbling on a white board bellowing to a commission only sales team about getting out of their comfort zone, making the phones white hot, with his "calls to action", "overcoming objections" or "dealing with a no". You just need to sell its a device which cuts your fuel bills drastically, and you only need to sell ONE. Thats the target. ONE sale. Not 35% of contacts just ONE. Its a no brainer. A reptile could sell this.
If it worked.
Which brings me to the start of your post. A tiny company that realised that it could make moola selling hope, and the next CEO gets the wages if he guarantees the previous CEO's payoff by doing the same thing of selling hope... products not necessary, sales not necessary.