QS Energy Inc (QSEP)

[alkalinesolution1]

My conclusion on the Form 4s

Based on all the posts, the only thing I can conclude is that in the recent flurry of Form 4 activity, the officers did not reach into their pockets, take out cash, and exercise their options. They were merely awarded the options. They might exercise them at some later point, in which those Form 4s will show a change in Table I about non-derivative securities, and there will be a (D) in Table II showing that they disposed of their options (i.e. converted them to shares after paying the option price.)

It's unfortunate that we could not reach the same conclusion on this very, very elementary fact. I would be very pleased to find out that the conclusion I've reached (still provisional I guess, pending new information) is wrong. It would mean that board members were supremely confident - given that they exercised their options all on the same day, and that there is no benefit for them to do so now versus in a year, two years, or three years from now, and only additional risk. Yet they all did so because they were so confident in the company. That would be amazing. Unfortunately it doesn't seem to be the case.