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Trump has promised to cut all climate spending, which would encompass billions of dollars for clean energy.
Not that the AOT fitted that bill anyway as it's not been shown to work.
Proven and adopted = no sales?
What do you think KM install means: does it mean sale? No clearly not. 2 years wait, no lease, no KM PR, no nothing said?
KM wanting to link it to their SCADA system: they've had /quite a long time/ to link it. Why are they still /wanting/ to?
Proven proven proven = scam scam scam
Nothing I, or anyone else can say will prop the price up. Nothing I, or anyone else can say, can drive it down. What's happening is what's happening. Its time for.......
Sub penny land the the carnival goes on!
Smile.
The oil industry does not look a gift horse in the mouth.
Fracking is an excellent example. Governments are moved. Compulsory orders are made. Eminent domain rules. Technology is available fast and on demand.
AOT ?
Clearly it doesn't work.
Ah yes, I forgot: and then of course there was the subsequent DOE letter of intent, weeks of speculation and hope - finally a contract, the sale, implementation... NOT!
Not even "continued interest".
Smile at least the DOE didn't buy too.
"Conned"?
Neither KM, TC or US Department of Energy seem to be desperately out of money. Nor the middle east "partner". KM hasn't paid them as the lease hasn't started, TC stopped it as soon as it could and the DoE has had little to do with them other than getting itself a mention for having a site where some tests were bungled. Temple is owed money by QS but has made some good dough over the years, but their employee Tao has been said by peers to misinterpret, assume, and be ignorant.
QS hasn't conned the world, far from it. Serious players have kept them at arms length. Only QS's interpretation of this posits them as clients, partners, collaborators. QS has conned a lot of people, however.
So who's been conned? Those out of pocket, of course.
That's a good find - "As discussed in Introduction, the authors of Refs.1-7 claim that this “basic mechanism of viscosity” is universal and powerful for all liquid suspensions. However, their theory of this mechanism obviously is the result of false assumptions and serious misinterpretations."
Refs 1-7, Tao et al, Tao et al, Tao et al, Tao et al, Tao et al, Tao et al aaaaand Tao et al.
As again, just because someone got a paper published doesn't mean it can't be refuted or chucked out. Look where phrenology, the planet vulcan, and cold nuclear fusion went.
Legal action is likely because some people think the management lied about its prospects and found various ways around rules to get real money off real people. Less generous people call this a scam. I suspect a class action with many people throwing their lot in with the suit against Bigger, Kyte et al.
People like me are not propagandists with a dime in it any more, we just don't like seeing people go down because they insisted on imagining the emperors clothes when he was already naked. Not shorting, not a dime in it, not against you as a human being.
Suckers, even break.
ETPG
The shareholders to the company signed in July 2016. The company formation was in September 2016. Being a bit of a purist on these issues this means it did not do *anything* before Setember 2016 because it did not exist. That's a fact.
While individually the people might have done something, ETPG didn't as it didn't exist.
FIRST, Just because there are rules doesn't mean they have been followed, there are normally "ways around" things which are often used. Just look at any tax dodging firm otherwise considered legit. Using Switzerland definitely gives a certain odour to certain transactions. Why use it if you weren't going to partake in their secrecy laws?
And the other thing to remember is that the "real" money has long since departed - in admin costs, salaries: the share price could be utterly irrelevant to insiders because the real money that people exchanged for their shares/warrants/unregistered securities now resides in the pockets of the insiders anyway, has probably been spent and is not recoverable.
Price Per Share is important to QSEP as it determines how much they can sell their stock at and at what rate. When it was floating at 20 to 15 they can get rid of warrants at 10c. Now those guys have been left high and dry there's no where to go. You can't realistically sell warrants at 2c now. More importantly this means the companies cash flow has effectively ended and the wolf is at the door.
While its speculative, recent share sales are from those who can sell them - getting rid of them as they suspect the PPS is only going to go down from here. Volume is higher than the average. And this may be the last chance they have of recovering anything.
Again just because there are rules, and just because people say things, doesn't mean them to be true or the rules followed. STWA is a case in point, its had its knuckles rapped more than once. Its undisputed this company has had no sales, ever, and has been exceptionally shady in putting out clear, decisive, unambiguous information. The most important information put out in the reports may be that stuff that is constantly dismissed: the statutory warnings.
"These factors raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to raise additional funds and implement its business plan."
it doesn't strike me as implausible. Some people have got rich off QSEP/STWA. It just isn't the current bag holders. Problem is:
I suspect you could have waited a bit and got the same shares at 0.07 rather than 0.0997.
First, there just isn't enough volume on this stock for a proper market price to be arrived at. Unless there are thousands of trades a day and thousands of buyers and sellers, the "true" market value is not expressed in PPS. It could be much higher, or indeed much lower, even as low as nothing. Volume is king in arriving at a PPS, and QSEP has never had volume. Not enough people are interested in it and as such PPS is not of concern as it cannot express a market value until there is a true market. If you had to value it, it will just be assets, so pretty much nada if you point out that all the patents so far haven't turned a dime and it hasn't even got a plot of land.
Second, and more importantly, this crashing price - if it stays in these depressed levels - means that the companies life blood is drying up. Its a straight fact that its raised all its money even recently by selling shares. Warrant buyers will want to be able to buy them with a sense of stability to ensure they can sell them on at a profit, with prices hitting 0.07, there is little wiggle room. Paint it how you like, this is a major problem for a company that raises money through private sales. Can it sell warrants now at 5c?
Is that a joke? They haven't sold ANY stuff. Ever.
Not one sale. Ever. I think tedco once asked what return would have been got if 100m had gone into Mcdonalds franchises.
Better return that Qsep has given!
Sale of shares is the companies gross turnover. Not sale of product.
This is a construct to hide behind, nothing else. Much of it is "well documented" and in the public domain in any case. The relationship with KM, AND the shareholders is important, it certainly warrants more than a sideways glance along the lines of
Its nonsense to suggest that the test having started or stopped is included in that confidential information.
I sign NDAs several times a year. They are very difficult to enforce. They are there to protect know how or know what, proprietary information. In this case, not the fact an agreement exists or that a test has started.
Given how important KM is to the valued shareholders - and what it would do for the PPS and the potential to sell warrants at below market price - its non-mention tells you what you need to know.
Do your own D/D. OK, ETPG:
OK. Lets check out energy tech premier group's actual company registration on the Irish Company Register. Its available for free, here:
https://www.cro.ie/
This tells me the basics:
Type LTD - Private Company Limited by Shares
Number 589226
Name ENERGY TECH PREMIER GROUP LIMITED
Address UNIT 31
COOLMINE INDUSTRIAL ESTATE
DUBLIN 15
Registered 09/09/2016
Status Normal
Effective Date 09/09/2016
Last AR Date Not Available
Next AR Date 09/03/2017
Last Accounts to Date Not Available
So the company was formed on the 9th of September 2016. Its five weeks old folks.
Lets check out the great team with international oil experience including the unusually named Dr Chip Stem. Google that name and see that...
"Dr. Chip Stem has spent much of his career solving challenges in the livestock and meat sectors of the Horn of Africa and the Arabian Peninsula and Middle East"
"as President and Chief Executive Officer at Livestock Trade Services "
"I also want to thank Dr. Al Sollod and Dr. Chip Stem for inviting me to join them in the International Program at Tufts University School of Veterinary Medicine in..."
The guy is a vet. Maybe even a good one, with a PhD, but he's a vet.
The board of QSEP past and present should be on trial for what they have done and let a judge and jury decide what is true. Nothing other than barely legal lies in PR, regulations avoided through selling overseas, a host of bespoke for-purpose firms to pretend there's another entity possibly willing to buy, a pay for play researcher who will prove anything, decades of non existent products, and some clowns who purchase shares at the end of business to keep the PPS up. And in the meantime no product sold and not unintelligent (but gullible) investors kept in the dark when the truth is in fact available but not shared, and uneducated grunts and blackthumbs earning $30K a month for no sales and keeping the gravy train running. Never before have safe harbour statements been in fact the best possible interpretation! The stock is sham and Cecil Kyte and Gregg Bigger should be in prison.
Ooooo! interesting!
QSEP won't tell so someone is going to make them!
I wonder if Cecil "Brown Trousers" Kyte is on his way to Tijuana?
Jaymark
Thanks. With respect to "shareholders not cracking the whip with regards to management" in reality there's actually not a lot they can do, other than buy or sell, especially as individuals, and for me the SHM in Hawaii not only gave a perk to management, it kept the shareholders at arms length! If most shareholders are of the buy and forget sort then the chance of any shareholder consensus, let alone revolt, is minimal.
http://www.investopedia.com/updates/penny-stocks-risks-rewards/
should raise a few eyebrows:
"Know the difference between promotion and research." Which is a perennial problem with QSEP and those who put PR above SEC reporting.
"Although you're unlikely to find a Steve Jobs running a penny stock company, you should still delve into management's track record to determine whether company executives and directors have had any notable successes or failures, regulatory or legal issues and so forth." All have NO track record of success and some of failure.
"The more disclosure the company provides, the better, as that indicates a greater level of corporate transparency." I think its clear that the KM deal is not transparent and QSEP has decided to write oils of the world rather than whats happening with KM, and as for "hire engineers": remember the Elektra, if it worked, would have garnered a percentage of world GDP making STWA one of the richest companies in the world. Why has it never been sold, licensed, manufactured? This tells me there's a fundamental problem here.
Great post... I would just ask what you can conclude from it. Either the history you mention of great salaries (as it has been pointed out before, the current CEO hasn't even got a college degree) and foreign travel perks is entirely incidental and somewhat accidental, or in fact, its the whole point of the company. What QSEP does with some success is sell shares and provide great salaries. Historically you cannot say this company has ever been in the business of selling industrial grade hardware.
And on that company website did you see a sale or an order from any company whatsoever?
Client
noun: client; plural noun: clients
a person who pays a professional person or organization for services
I can count those on the fingers of one head.
apart from the fact that if i put in a buy order for 15c it would be filled quickly??? you mean?
If billion dollar DRA companies like Lubrizol were remotely threatened by QSEP they'd buy it up in a flash.
No-one in the industry thinks its remotely realistic. QSEP sells shares, not devices, and thats a FACTT.
Lol.
Ye canna break the laws of physics.
The proof is plain to see.
The scam is that the scheme has dishonestly taken money off investors to create devices which promise the earth, are never manufactured and never proven to work, and have never been sold. Investment funds are spent on salaries and administration costs and the company has generated no capital whatsoever. If you wound it up its worth nothing.
This is pretty much the undisputed bare facts and the only defence is that this was done in good faith, and that now, something new is, literally, in the pipeline.
Then anyone can claim anything and proof is entirely subjective and scrutiny entirely optional.
Sorry dude, believing something to be true and it actually being true, are not the same thing.
The SEC does not regulate lab tests, nor approve scientific studies. It it not an "approval" body.
It regulates companies in this case they company has been forced to revise their claims that their device was proven. QSEP cannot claim it.
QS Energy and TransCanada mutually agreed that no conclusions could be reliably reached from the July 2014 test or from Dr. Tao’s preliminary report.
While speculative its would be interesting to colour how this went down amongst TC scientists and executives, who had already invested significant time and energy in the matter.
TC Executive: So, what do the tests tell us?
TC Scientists: Nothing, there was nothing we can use.
TC Executive: What if we do <REDACTED>, <REDACTED> or <REDACTED>?
TC Scientists: It won't work.
TC Executive: Is there /anything/ we can do to save ourselves $Xbillion a year on pumping with this device?
TC Scientist: No.
Then we terminate.
How else could have it have gone? Would TC have terminated if there was a chance it would have worked. Are they dreadfully shortsighted to the chance of saving billions? Are they a billion dollar client? If there was a 10% chance it worked, would they have terminated on the first day they were able to if it showed promise?
Chances are the "check stuff out" department called it right and walked away. They have more scientists working on the real deal. Who do you go with: genuine pipeline scientists or Tornado Tao?
High rent was not appropriate for a company with no revenue other than share sales - it puts the cart before the horse - and yes it should have been criticised as its an expensive burn of shareholder money. But the state street address did say they were a "state street" company. Its raison d'etre was to burnish themselves in the glow of self-confidence.
Downsizing does not speak of imminent sales.
If anything it might mean they're expecting fewer sales of their key product line, paper.
If it was a fact then Kinder Morgan would be putting out a press release stating your assertion just as boldy, heck, even the cryptographic hints from Biggs would include a sale order.
The fact is, they haven't.
If QSEP also believed this was a runner they'd be unequivocal in their press releases, give out solid facts and reports. Instead you get copy which treads a thin legal line and they've been told off in a wrist-slapping for using the word "proven". PR is geared to be wide open to speculation, and QSEP expresses its confidence by downsizing its office. If it was on the cusp of $12 a share they'd be renting office space in Riyadh. On the contrary this sounds like a company hunkering down for busting shares out at an ever decreasing value to pay salaries.
If its so damn certain, why is there nothing definitive. Reading PR in a particular slanted way does nothing for elucidating the genuine situation. Weigh it up and do DD? Its generally carefully worded to neither give the truth nor be illegal, a balancing act which on times clearly fails.
I find it useful to focus on a few undisputed facts, namely
(1) What the company says it does; and
(2) What is actually does.
This does away with the need for speculation. Only established historical facts. And that history is established and not too short to tell.
So:
1. What it says it does: Has created products which can garner as profit a percentage of world GDP when applied (but shelved them). Has created a single product which will make oil pipelines work more efficiently (but remains not tested on second oil co).
2. What is has actually done: Sold over $100,000,000 of shares and spent that money on salaries, admin costs, some fees.
Question then is, what business is QSEP in? Is it in the oil business or is it in the selling shares business? It has not sold a single product for oil, but it has sold many shares. Where are its energies focused? Selling shares or selling product?
What /DOES/ QSEP actually /DO/? and what does it need to do to keep on doing WHAT IT REALLY DOES DO? It must continue with the first to keep on doing the second, but be not fooled what the real business is.
Its not linear, its circular and it follows a pattern:
1. Invent device which will revolutionise world energy use.
2. Sell shares to fund device.
3. Promote device, selling yet more shares.
4. Dump device
Go to 1.
The difference is you assume its going to be different this time around.
I say this follows the established pattern.
Balanced argument then, without cherry picking.
You have, on the side that says "QSEP is going to be MEGA HUGE":
Company statements, a bit of hype, some redchip stuff (paid by co.), some pump articles (paid by co), a scientist (paid by co), some patents (paid by co), and a test at KMI that hasn't started yet (but could be confirmed by co but isn't, why is that?).
In the case against this being mega huge, and the case for this being a mega huge scam you have:
Company statements proven to be false (Elektra, ad nauseum), promotion for said statements (ditto), a cash burn of 100M and not a single sale (undisputed), overpaid CEO's and board (undisputed), a history of promoting products which never sell (undisputed), a scientist who's reputation is questionable (the fact is questioned tells you not everyone believes R Tao = L Da Vinci), regulator discipline (undisputed - the halt, and the recent telling off), a test which is either very late or just a no show, every other run of the mill doubt that one has, most if which is pretty much undisputed other than the fact that "its always around the corner!"
On balance, do I trust someone who always tells me that "we're nearly there" every month for 15 years? Or do I realise that I had in fact arrived as soon as I bought the ticket?
Those invested, sure, it would be nice if it did work. But for newbies? Please let them walk on by.