Thursday, November 15, 2018 11:53:08 PM
Cash used cash burn
in operations per month
2018Q3 $422000 140666.6667
2018Q1Q2 $676000 112666.6667
2017 Cash used totals by Q
10K 1786000 $391,000 $130,333
10Q3 1395000 $630,000 $210,000
10Q2 765000 $594,000 $198,000
10Q1 171000 $171,000 $57,000
$1,786,000 $148,833
You can easily see how the expenses are starting to creep back and Qsep has tried to defer just about every payment it could make. At 279K in cash as of the MRQ gives them 2-3 months maximum time frame. Then there is the million owed to Temple. Since "potential" is thrown around threads all over this board I have a solution to the licensing fee issue. Why doesn't Tao and Temple take stock as payment for the ridiculously high licensing fees that no sane CEOs would agree to sign? Makes perfect sense, after all, they MUST believe in the Magic pipe and the Wizard of Tao why not trade a million dollars in today debt for potentially 100M pay off down the road.
Recent QSEP News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 06:58:54 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 11:57:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 07:15:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 08:39:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 01:05:12 PM
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