QS Energy Inc (QSEP)

[mr_sano]

"Having learned from difficulties experienced in previous commercial test installations, we deliberately chose not to structure our agreement with the pipeline operator as a revenue event for the Company in the form of an equipment sale or a lease, but rather a true collaboration under which we will continue to own and test the equipment while the pipeline operator expects to benefit from AOT viscosity reduction.
For this reason, we offered to pay for outside engineering, site preparation and installation and in January, put up a $500,000 good-faith deposit to cover these costs."

This had to come from the CFO after a two Martini lunch. Wow...like QSEP had an actual choice on how to dictate terms of a test for an unproven technology with a sketchy past. Now we learn "outside engineers" are in the mix along with whatever monetary benefit the operator requires. That 500K is the price to keep the party alive and it will be gone way before Kim K leaves the room! Note how the operator will not share pipeline operational details. Same story different day. Company will shield itself behind whatever great results TAo will sift out postmortem. The spin will continue even if not a single unit is sold, leased or converted into an E-toll booth.