QS Energy Inc (QSEP)

[mr_sano]

The notion that the company even needs to "come clean" on the KMI contract is a ridiculous one. They have reported the status, and that's where it's at. They aren't lying, or holding something back from shareholders. By law they must be truthful in the Q, or risk penalties. If it was canceled or terminate they would say so just as they did when the TC contract was terminated.

They absolutely need to address this issue and I'm sure large and small investors want to know. The fact that they won't reveal any real details indicates to a major deficiency with the technology and or its engineering. Also, remember the 8K for this so-called contract was announced just minutes before the official TCPL Termination disclosure which pretty much sealed the deal for anybody that was watching. Now years later QSep can play vague word games like "lease in suspensions" or float crap in footnotes like KMI might be moving the device to some other volume line even though that contingency is spelled out in the original agreement. The AOT lease is for $20K a month or $5K if it's placed in storage awaiting a move. So the only reason KMI wouldn't pay is if the AOT posed some inherent danger which basically allowed KMI to exit without putting up a dime. Qsep could agree to modify the contract to a free trial but this would require an 8K. The failure to announce the true status of KMI contract might be technically within the law but it points serious flaws in the companies efficacy claims vs real-world operations. This device should have been up and running 8 years ago fully tested and confirmed.