QS Energy Inc (QSEP)

[mr_sano]

“The funds raised were used to develop the PROVEN AOT. “

Factually that’s incorrect and by all estimates over half of the current loss is attributed to the several generation of auto and truck devices too numerous to list here. Heck they spend one million for the Rand test which found all the predecessor devices were ineffective. So while there is mention of Aot in early 2006 docs it’s way down the list of markets they were chasing. Arguably 50 million in accumulated debt at that point so the actual deficit cost through 2013 for auto devices is much higher. These are the facts. Anyone is free to look up the various 10k and work it out. Posting that the majority of cash was used for Aot is just flat out wrong. Qsep/STWA spent most of the money on overhead with high salaries and high dollar rent in Santa Barbara with extra facilities in Morgan hill. Not to mention the and bus load of consultants!