QS Energy Inc (QSEP)

[mr_sano]

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The Company is currently pursuing AOT testing in several countries in South America related to upstream, midstream, barge, and tanker truck applications. Oil samples from multiple clients for testing at Temple University have been delivered to a shipping facility in South America, awaiting customs and shipping clearance. There is a vast amount of heavy oil in these countries and we believe the Ministers of Hydrocarbons have standing orders to increase production and transportation capacity. We continue to work with an existing client in Asia for an AOT installation; however, progress on this project has slowed from our original targets. A Company representative is scheduled to meet with our Asian client in August 2018 to assess the project.
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Kicking the can down the road is not a business! Management knows that failure to meet timelines has been happening for years and investors really don’t complain about it. So... they don’t give a crap. China has been mentioned for a decade but not a single dollar has been generated by all the press releases and promotion. The company has failed on every front except raising money through massive dilution and now building a Texas museum for its defunct products. The shameful conduct continues with the latest round of new execs! Honestly I know there are crappier public companies but not by much.