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Wednesday, September 25, 2019 11:36:29 AM
Management claims they have enough cash for opex through Nov but at current burn rates 8K a day), 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
Recent QSEP News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 06:58:54 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 11:57:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 07:15:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 08:39:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 01:05:12 PM
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