QS Energy Inc (QSEP)

[mr_sano]

Management claims they have enough cash for opex through Nov but at current burn rates, they have already consumed close to 50% and only 45 days remain. That would cover them through Sept not Nov as reported. That is without accounting for added cost from this latest round of technical musical chairs! Qsep needs at minimum 10M to pursue any real rollout of its service or its products ....I don’t see a clear strategy here on how they expect to raise that money or continue operations while they try to figure it all out.

 
 2Q cash position	$711,000	 
 subseq raise         	$69,000	 
               total	$780,000	 
 at cash burn  $8333/ day	           92	days from June 30th