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IF this is truly a scam, a large bomb would be more appropriate. But I get it—the wheels of justice oftentimes turn slowly.
So did Dorick drop his July 4th bomb?
In early May PNOC announced a partnership with Landbank Ink for rooftop solar, and in a separate announcement a partnership with Moorfields regarding aquavoltaics.
Aside from Quantum’s press release, PNOC makes no mention anywhere (that I can find) of a partnership with Arc Energy.
https://www.philstar.com/business/2024/05/02/2351845/pnoc-landbank-ink-agreement-solar-rooftop/amp/
https://solarquarter.com/2024/05/03/aquavoltaic-partnership-pnoc-and-moorfields-capital-to-drive-sustainable-energy-in-the-philippines/
Forget all this talk about engines, magnets, photonics, etc!
I have just discovered the key to perpetual motion!
https://www.instagram.com/reel/C70fT7jKxwD/?utm_source=ig_web_button_share_sheet
Where’s everyone seeing that Bill Hinz stepped down?
Actually, I have a theory. The press release states “Mr. Oliver Butalid, CEO of the Philippine National Oil Company, stated, ‘PNOC’s strategy involves collaborating with technology partners worldwide to offer the government sector solutions for lowering electricity expenses. We look forward to discussions with ARC Energy which can introduce the Direct Energy System technology in the Philippines to support this objective.’”
They look forward to discussions? Maybe the contract is simply for Romel to build 500,000 units, and they have yet to discuss in-depth details like Quantum’s system. This is a real possibility as Romel has already proven he has abilities in the area of development.
https://www.morningstar.com/news/business-wire/20240506804810/quantum-energy-corporation-dba-flooidcx-corp-otc-flcx-executes-licensing-agreement-in-the-philippines
I should have been more clear — I know you KNOW. But you don’t know what is happening in Scottsdale. And if you are serious about filing a claim and truly being the undoing of their “charade,” details from Quantum’s Scottsdale pitch would be evidence the SEC would love to have.
Regarding a lawsuit — I’ve already done my homework and know exactly who I’ll call if installations crash and burn as you predict they will.
Excellent point. But how do you explain PNOC??? They are an indirect distributor of sorts. And providing energy solutions is their area of expertise. Surely they would be unwilling to contract with an entity pitching some fancy pants energy solution without doing their due diligence. They are involved in rooftop photovoltaics and could have easily given Romel a pass and stuck with a conventional energy solution.
The only logical explanations are
1. that Quantum provides made-up test results 2. PNOC took Romel’s word for it over a cup of coffee 3. Romel has no contract with PNOC.
1. I just can’t see this being true. Quantum would know the uncovering of their lies is just around the corner
2. Yeah right. Just as you, Dorick, and anyone with any experience in the field of energy KNOWS that field is riddled with non-working (and some blatantly fraudulent) energy devices, PNOC would be suspect of Romel’s pitch and would not buy into it without doing some digging.
3. Highly unlikely. The internet works in the Phillipines just as well as it does here. Bogus press releases involving PNOC would have made it to them by now and we would be seeing some type of retraction if it weren’t true.
And so I say again, this is just BIZARRE.
What’s your theory on how PNOC could get pulled into this?
Before you file your claim, you really need to go to Scottsdale and see what they’re saying, review test results, etc. I totally get (and share) some of the concerns you have expressed. But my mind just keeps circling back to “are these distributors really just taking Dennis’s word for it???”
You word things as though they are. And I just don’t see it. You keep comparing Quantum to Theranos. It’s not the same. I know of no one who invested in Theranos with the intent of retailing JUST Theranos’s product. Quantum’s distributors are literally forming entities with the sole purpose of retailing Quantum products. From a business standpoint, that’s way different than a person or existing entity pitching money at the next big thing. Many of these distributors are very intelligent/successful businessmen. I just can’t buy that they would dump millions into that type of distributorship contract without doing their due diligence. A monkey could do a quick Google search and find a history of magnet motor fraud, Danzik’s legal run-in’s….even your claims of Quantum’s “securities fraud” rank high when searching for info on Quantum.
In short, on the one hand I believe Quantum’s claims run contrary to known science, but on the other hand I don’t think the distributors are as gullible as you suggest. Nor do I believe Quantum would allow things to get to this point if it’s all based on a web of lies.
I’ve said it before—the whole thing is just so bizarre…
Hmmmm…interesting.
If that’s true, I wonder if they will refund all the early investors the extra $1,000 they paid (I believe that was the amount) to have one of the first earth engines installed at their home?
I have invested money into A LOT of different opportunities over the years and this one is by far the most bizarre.
Ain’t gonna lie—any current investor is delusional if unwilling to acknowledge that you’re right regarding the questionable nature of Quantum not mentioning the engine in that release. Also, would still like to know why the website page dedicated to the engine still indicates that it’s “coming soon.”
I know you have your view on this Dorick. Would love to hear a logical explanation from someone. Anyone???
Just a reminder of a snippet from Quantum’s ARC Energy distributorship announcement that was released 3.5 weeks ago—
“A more detailed informational video will be available on the Company’s YouTube Channel and on its website in the coming weeks.”
https://finance.yahoo.com/news/quantum-energy-corporation-dba-flooidcx-123000258.html
Mr D: Very interesting. These AI tools feel a lot like attorneys—whichever side of the story you encourage (pay) them to represent, they’ll do their very best to logically justify that position.
They’re definitely helpful in quickly providing points to consider. And, of course, I just brushed past it’s points regarding scientific laws because that type of nonsense leaves me feeling like I may have lost my money…
Mr D: You’ll have fun with this question/response…
Question—An anonymous internet poster is stating that a company claiming their newly invented magnet motor will change the world is a scam. How do I respond to this accusation?
Copilot response—When evaluating claims about newly invented magnet motors, it’s essential to consider both the scientific basis and the credibility of the company making the claim. Let’s break down the situation:
Robert Sansone’s Synchronous Reluctance Motor:
Robert Sansone, a 17-year-old inventor, created a prototype of a synchronous reluctance motor that doesn’t rely on rare-earth magnets1.
Unlike traditional permanent magnet motors (which use materials like neodymium, samarium, and dysprosium), Sansone’s motor uses a different design.
The synchronous reluctance motor has greater rotational force (torque) and efficiency than existing ones.
Sansone’s work earned him recognition and a prize at the Regeneron International Science and Engineering Fair.
Motoflux Inc.'s Magnet Motor:
Another company, Motoflux Inc., claims to have harnessed magnetic fields for motor-driven energy2.
While the details of their motor are not provided in the snippet, it’s crucial to examine their scientific evidence and any independent validation.
Evaluating Claims:
When assessing such claims, consider the following:
Scientific Rigor: Has the company published research or undergone independent testing? Peer-reviewed studies provide credibility.
Material Costs: Traditional permanent magnet motors rely on expensive rare-earth materials. If a new motor design avoids these materials, it could be advantageous.
Trade-Offs: Evaluate trade-offs. Even if a motor design reduces costs, does it sacrifice performance or reliability?
Expert Opinions: Seek opinions from experts in electrical engineering and motor design.
Market Impact: Consider how the motor could impact industries (e.g., electric vehicles, renewable energy).
Avoiding Scams:
Beware of companies making grandiose claims without substantial evidence.
Look for transparency, technical details, and third-party validation.
Investigate the company’s background, team, and track record.
In summary, skepticism is healthy, but it’s essential to balance it with open-mindedness. Investigate the science behind the claims, seek expert opinions, and make informed judgments. If the company provides verifiable evidence and transparent information, it’s worth considering their motor’s potential impact. However, always exercise caution when encountering bold promises without proper validation.
Mr D: I’m not trying to debate you with this post. I am simply new to AI tools such as ChatGPT and Bing COPILOT, and because of that was curious what would happen if I changed the last sentence of your question slightly. I fully expected it to say something akin to “I’m sorry, the claim is fundamentally flawed and therefore cannot be true.” Interestingly, it didn’t go that direction….
(once again, not meaning to imply Quantum’s products work as claimed, but instead to experiment with how these AI tools approach questions)
QUESTION: A certain company has developed an unconventional type of electric motor. The company has claimed in the past that by using this motor to spin a generator or alternator to provide electricity to run appliances, customers will be able to reduce their electric bills and save money. EXPLAIN HOW THIS CLAIM COULD BE TRUE.
BING COPILOT: (taken from COPILOT’s summary of it’s long spiel)
“In summary, the company’s claim could be true if the unconventional motor system combines high efficiency, energy storage, smart grid interaction, and favorable rate structures.“
The prob right now for Quantum is they are caught up in “The boy who cried wolf!” syndrome—a history of unfulfilled promises. My gut tells me that once it’s been verified a company like ARC Energy has actually poured a foundation you’ll see an uptick in share price, and that those higher levels will persist until reports are received regarding the performance of Quantum’s products.
Boring? Really??? What could possibly be more exhilarating than digging through Google searches trying to connect dots and figure out whether or not you got screwed on an investment?
Investing in a world-leading AI company like Nvidia? Now that’s boring….
I thought you might find this article interesting.
Romel Canete, (the CEO of newly formed ARC Energy) who is a very successful real estate developer, expressed intent just last year in investing in the Phillipine’s push for more housing.
https://www.pressreader.com/philippines/daily-tribune-philippines/20230828/281848648162641
I appreciate your reply. And honestly, I appreciate you “calling them to the carpet.” I’m hoping critical reviews like yours will help in some way to expedite the eventual outcome of my investment. But I do think you nailed it—the SEC’s wheels turn slowly. And for that reason I still think you would be wasting your time with filing a complaint—investors will surely know within a shorter timeframe whether or not the products work as claimed, and if they learn that the whole thing is a fraud, attorneys will be contacted and quickly get involved (sorry, I know the word “if” drives you crazy!). Having said that, maybe you should just let it go and turn your attention elsewhere.
Regarding the Filipinos, while I appreciate your altruism, ironically I just recently read an article about all the various ways they are defrauding foreigners who enter their country. It was basically a “Tourists beware!” type of article. I get that one screw job doesn’t justify another, but it was a strange coincidence to read on this site that your passion was re-kindled upon thinking Filipinos may be taken advantage of, and then later that day to read that Filipinos are busy taking advantage of foreigners. I think it’s fairly obvious that not ALL Filipinos are scam artists. Maybe a way could be found to sell non-working products to only those who are!
I have a record of these things as well. And I agree that it looks suspect. But I still think Dorick is wrong. He has stated that pointing these things out to the SEC will result in an open-and-shut case. If it was as simple and “indisputable” as he says, he would have fired off a complaint a long time ago. Instead, he has spent (and will likely continue to spend) hours combing through videos and archived websites gathering evidence to support his accusations.
File your complaint. We’ll see who’s right. And make it snappy. The suspense is killing me.
In the meantime, I’m not arguing that Quantum’s products work. What I am arguing is that their shift in semantics and business strategy could be argued by them as an attempt to make things more clear, and to take advantage of new products that can play a helpful part in their system. The SEC isn’t comprised of individuals who graduated from MIT. What’s foolish is you thinking they will read your complaint through the eyes of someone who did graduate from such an institution.
Great points
I’ll read the complaint when I have more time. For now I’ll give you my gut feeling on what my takeaway will be after reading it—if it weren’t for Theranos fabricating results (which didn’t happen until near the tail end), a complaint could still have been filed and they likely would have been FINED. Holmes wouldn’t be sitting in prison. The SEC, whose job is to protect investors, would actually be screwing them if they shut down a company that had working products, and whose only apparent crime was in being unethical in the marketing they directed towards potential investors.
Your complaint against Quantum could result in a fine, but no one’s going to jail and the company won’t be shut down without solid proof the technology can’t do what it’s claimed to do. And that just circles us back to my “laughable” question—what’s the SEC going to do? Send their expert to Scottsdale with a meter?
No…instead installations will have to tell the tale or maybe the SEC will be concerned enough to ask for third-party results from a trusted entity
No need to apologize. My pride is neither tied to my investments nor to my opinions.
And by the way, if the bomb you intend to drop involves filing a complaint with the SEC, I still think you’re wasting your time. What’s the SEC going to do? Send an employee to Scottsdale with a meter? And even if your thorough notes regarding Quantum's “fraudulent” behavior do result in the SEC taking a road trip to Scottsdale, they will be won over by the same “trickery” that’s resulted in sane individuals dumping their millions into it. There’s only one thing that would put an end to all this, and unfortunately for consumers/distributors that would be a slew of installations that couldn’t deliver the promised results. Circling back to Theranos, this is the same point where they crashed and burned—when they had to finally deliver results in a real-world setting.
If it weren’t for IEC’s convoluted path to becoming Quantum combined with their questionable breakthroughs, it’s unlikely anyone would ask questions of this nature. They would be happy with the few logical “leaps” they would have to make—1. the Philippines have acknowledged a huge housing shortage and that their goal of having millions of new units built within a short timeframe 2. PNOC has history of being involved in property developments 3. A principal of ARC Energy has a track record of success in real estate.
In short, setting Quantum’s involvement aside, all the dots line up. And additionally, it is not uncommon at all for individuals to form new business entities prior to starting construction on large developments, nor is it uncommon for individuals to create new entities when engaging in new business activities.
One other thought— what value is there for the principals of ARC or PNOC to jump on making a huge announcement in the Philippines?
It is plausible that PNOC has already secured land for a development and that they have truly contracted with the newly formed entity ARC. With these things in place neither would have anything to gain by receiving kudos from the general public. I’ve seen very large commercial/residential projects quietly start in my hometown, and only knew about them because I happened to drive past, saw a sign, and wondered “what the heck is going on there?”
And so it is with Quantum—they have a questionable history that’s resulted in every breath they take being analyzed through a microscope.
You often compare Quantum to Theranos. From a distance they seem quite comparable. When viewed more closely, there’s a big difference between the two.
Theranos gained the attention (and investment) from many influential and wealthy people based off of the company’s vision. That vision coupled with an appeal to emotion and a sense of urgency created a flow of investment from folks who didn’t want to miss out. When the time came for actual results to be provided, Theranos then embarked on a journey of fabricated results that ultimately landed Holmes in prison. Up to that point, and even afterwards, no one was ever allowed to “bring their meter (or expert) to Scottsdale”, so to speak, to test Holmes’s device. And therein lies the difference—Surely individuals who take a year to investigate Quantum’s products before investing millions, and who have the financial means to have those products properly vetted are not as gullible as you think.
I’m less surprised by your re-kindled passion than by the thought that Arc Energy would write a check and sign an agreement without doing their due diligence.
Do you really think they simply took Hamby’s word for it? If I recall, a certain Mr Dansie lives in the Phillipines. Maybe they consulted with individuals like him before signing the dotted line…
July 4th??? Ahhhh mannnn…
Why wait so long? Can’t you please pick a different holiday? Memorial Day is right around the corner. That would be a good one. Or worst case, Juneteenth?
Come on…work with us. I invested a lot of money and deserve to know asap what bomb you’re preparing to drop. Please don’t rain on my 4th of July parade…
The first link highlights the fact that PNOC contracts with the private sector to develop real estate. Although it references commercial real estate, it logically follows that PNOC could also contract with private entities to develop residential housing units.
The second link is to one of many articles I’ve read about the current housing situation in the Philippines. While it doesn’t specifically reference PNOC, it does mention the country is in need of an additional 6.5 million housing units.
https://www.pnoc.com.ph/invitation-to-a-consultative-meeting-proposed-establishment-of-a-mixed-use-office-and-commercial-building-within-the-pnoc-property-at-the-energy-center-bgc-taguig/
https://www.pna.gov.ph/articles/1219538
Heyyyyy….why not Apple? Quantum’s tech is going to change the world! At least that’s what I was told five years ago…
I have the perfect solution for you and Dorick. Quantum now has distributors in Arizona, Michigan, Washington, and Oklahoma. Surely one of you lives close to one of those states? Contact a distributor and request product installations. After installation is complete the two of you can get together with your toolboxes and a bucket of chicken, and dissect Quantum’s products to your heart’s content. Unfortunately it’s unlikely you’ll get your hands on an engine, but you can at least tell us what’s up with the lighting, solar panels, batteries, ac units, etc
I highly doubt any investor is going to be disappointed if he receives a return on his investment from Quantum selling products other than engines.
Apple lied about battery draining software and their stock didn’t crash. Investing is not about proving points or celebrating some moral high ground. It’s about making money.
We’ll soon know if these other products bring value to the consumer, and if they do investors will easily dismiss the fancy, spinning gadget that originally enticed them to write a check.
Because you trust comments from random people on this site I guess I’ll be the one to spill the beans on the solar panels—
The rigid aluminum panels are covered by two semiconductor materials. The first layer is peanut butter, and the second one is jelly. Each substance is specially treated to create the negative and positive sides of a photovoltaic cell. Quantum chose to make peanut butter the positive side
(a decision I’m not particular fond of as I think jelly with its savory sweetness better fits the description of a “positive” substance). The panels have been found to be more efficient than anything on the market…that is, until the squirrels, raccoons, and an occasional neighborhood kid gets a hold of them.
I hope that was helpful. You may also consider emailing “investor relations” for details. Their email address can be found on Quantum’s website.
FlooidCX Corp files to change name to Quantum Energy Corporation
“Approval of an amendment to our Articles of Incorporation to change our name to Quantum Energy Corporation”
https://www.streetinsider.com/dr/news.php?id=23022631
FlooidCX Corp files to change name to Quantum Energy Corporation
“Approval of an amendment to our Articles of Incorporation to change our name to Quantum Energy Corporation”
https://www.streetinsider.com/dr/news.php?id=23022631
One of your strengths, apparently, is not multitasking. I have seen many articles/videos about the MotoFlux “breakthrough” and have found commentary in the comment sections from the username Dorick to be nonexistent. Additionally, I don’t recall any mention of MotoFlux in your WordPress writings.
What gives Mr Scambuster? Are you secretly shilling for MotoFlux?
(jk of course, but curious why you never bring up MotoFlux)
https://www.newswire.com/news/motoflux-inc-proves-their-newly-patented-device-generates-power-21956940
That’s a great question. And it really is amazing my non-inherited pile of money is stacked as high as it is. I have both a Trevor Milton truck and a Theranos device sitting in my garage. I framed out a section today for my future Photon Engine.
Dorick: Please tell me if we’ve been scammed by the photon lighting system and it’s components as well (basically, everything but the engine). I want this on record.
I never suggested Swinkey’s comment means the technology works as claimed. I simply asked if anyone knows of installations in Michigan.
I ask again—does anyone know of any installations in Michigan?