QS Energy Inc (QSEP)

[mr_sano]

10 months ago lane said this:

“. Upon completion and analysis of laboratory testing of sample crude oil, we will meet to discuss analytics, select a pilot project site, define the scope of a post-pilot rollout and execute definitive pilot project contracts. Pilot installation and testing would begin upon contract execution. Based on current timelines and discussions, we are projecting installation of our first pilot test in Q2-Q3 2018, followed by 30 to 60 days of testing to be completed by the end of Q3 2018. Subject to successful testing, we would execute definitive agreements to sell or lease equipment for the expanded rollout as defined in the original LOI in Q4 2018.”

So we are through the first third of Q4 and Qsep once again has failed to meet its timeline projection....wow what a surprise! It’s just like every other claim that the revolving door of executives have made trying to goose the share price so they can off load fresh new shares of convertibles. A company on top of its game would not blow through millions of dollars and make promises for decades that never come true. It’s the delay game in full effect. Based on the company’s own projections the equipment should be up running by Sept 2018 but Qsep is still in the talking stage...ha! This was obviously a preemptive press release to soften the blow of not having this promised pilot up and running prior to the SH meeting. So much for the “busy 2018” and revenue producing contracts!