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Thursday, July 18, 2019 1:00:42 PM
The reoccurring problem for current management is that they once again “painted themselves into a corner” with these promoted now blown timelines and another technical malfunction and setback. The excuse sounds a little sketchy and way too similar to previous issues to be just a simple part replacement.
I am not surprised by the techncal issues. It’s the result of the year over year cash burn which now puts undue pressure on management to release news to satisfy hungry investors. Legitimate companies don’t promote the storyline of testing that has been presented by Qsep , until they have sales and have demonstrated its technology value in terms of an ongoing business. That hasn’t happened after 21 years of trying and handful of new management shakeups every few years.
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