QS Energy Inc (QSEP)

[mr_sano]

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Why do you keep talkin about the million dollars that QSEP owes Temple...? DO YOU REALLY THINK THAT THAT'S BIG MONEY IN THIS GAME? QSEP just handed a half a million dollars to the partner pipeline operator without blinking an eye.
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Qsep is basically insolvent and has no where near the capital to pay off its currents debt nor to use for marketing and sales force development or unforeseen engineering reworks.

The licensing due is 1.2M which might be peanuts to some but with interest of 10% it adds up quick to 120k a year just in interest while the principal keeps rising. 187K gets added each year every year as maintenance fees for the two licensing agreements stack up. It’s the gift that keeps giving! No sane company would enter into any contract to buy or commission the great white pipes from a company that has a lingering licensing debt on its books for years. That’s why 500k was forked over. If they failed to get a pilot...the pps would have cratered! Also, Qsep is currently in default on one of these licensing agreements which is typically a rocket red flare fitted with a nuclear tip. Anybody looking past page 3 of a prospectus would spot it clearly. A real enterprise does not play chicken with its brand or technology!