QS Energy Inc (QSEP)

[mr_sano]

As I posted in June ..QSEP cash burn has accelerated. This current insider buy is to keep them operating but 200K buys only a month. With added expenses and consultants to feed they need multimillions. Where is that plan?

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