QS Energy Inc (QSEP)

[mr_sano]

Only a few have converted to the dark side. Look at how many passes previous CEOs like Kyte, Bigger and then Lane got! I didn't see any real major investor dissent for the last 5 years while management was spending every dime they could raise mostly on SG&A. For the most part, each was embraced as the new guy that would get it done. None addressed the financial side of the business. The money burn and accelerated dilution has been evident for years. It was completely ignored and even ridiculed when brought up. It's as if managing QSEP cash resources was not a metric used in the OTC. This gave confidence to management they could get away just about anything. QSEP CEOs and CFO have been allowed full control of the coffers with little dissent. They also have commingled assets with the now former CEO. This was also highly unusual and I didnt hear a peep of concern.