QS Energy Inc (QSEP)

[valueyoda]

They have done one unique thing that most startups were unable to do.

STWA was able to burn through $96mln over the course of 16 years without having proven that it can bring a product or service successfully to market. Most startups generate revenues much sooner, but are still unprofitable and will collapse because their funding gets cut off.

There is nothing impressive about the company. If I would hire a team of the most successfull oil engineers and would give them a $100mln budget with more stringent SG&A control and more focus on R&D, I would bet that you come up with a much better result than STWA has been able to produce.

Hope is not a strategy, but that is exactly what the bulls are counting on.