QS Energy Inc (QSEP)

[mr_sano]

Debt keep going up...no logical reason management would keep a license in effect for an auto product which was serially debunked by the scientific community

“As of September 30, 2018, and December 31, 2017, total unpaid fees due to Temple pursuant to these agreements amounted to $1,023,000 and $842,000, respectively, which are included as part of Accounts payable – licensing agreements in the accompanying consolidated balance sheets. With regards to the unpaid fees to Temple, a total of $83,000 are current, $417,000 are deferred until such time the Company achieves a revenue milestone of $835,000 or upon termination of the licensing agreements and the remaining $523,000 are deemed past due. The past due amount of $523,000 is owed pursuant to the First Temple License. The Company is currently in negotiations with Temple to settle or cure the past due balance.”

Love the Temple is a “partner” excuse. If they are partner why not get paid in shares! Apparently it is routine for a University to let’s their billion dollar IP die on the shelf after a decade of shooting craps with a sketchy nanocap and would never consider switching to a legit company that has proven its ability to innovate in this space and to properly manage its finances and product development. This after Qsep has been in arrears for years! Lol the opportunity cost alone would make thisan easy call but like SOx points out...Temple is content to wait because they know nobody else will use these useless patents.