QS Energy Inc (QSEP)

[zerosum]

Here is what he missed:

Only the lease is finished. They are STILL TESTING. It's very clear that the testing is still ongoing and that they want to expedite or "speed up" the test. This is a very positive development. The lease was never meant to last longer than 6 months and trp was due to give notice.

The reason they gave as to why they cancelled the lease is a great one:

“The justification for the early termination is due to the project working to expedite the required testing and believes the full term of the lease is unnecessary to successfully complete testing.”

Fact: The testing results still have not been determined yet.

"The Lease continues to be effective through October 15, 2014, and testing of the Company’s Equipment on TransCanada’s pipeline in Wichita, Kansas is ongoing. Data generated by, and results of the testing have not yet been determined."