“The FACT is the company is NOW paying LESS rent compared to the past. The FACT is QS isn't running out of funds, despite the LIES told over 20 years.”
Less rent for a pobox and a shed? That’s some great logic to adopt the brand image strategy of $.0001nano penny that reversed into a weed company- it’s Brilliant…it should fly really well with Energy & pipeline operators flocking to buy the great magic white pipe!
As far as Qsep running out money they have done it consistently every year. That’s why they are cutting costs have 2 employees and not paying obligations from previous previous CEOs. They also are not paying the license to Temple which controls their entire business model. It’s a fools strategy to argue the point that they didn’t run out completely and still survive. There are lots of otc zombie that continue to cling to life.
Fun facts: past due Licensing fees alone represent almost 2M collecting 200k in interest plus 187k in additional reoccurring fees imposed by Temple. So without touching the original past due licensing fees. The interest and ongoing maintenance fees is over a $1000 a day expense. Not including the 200k they owe to Bigger 20k they owe to Lane and the huge past due interest on notes. Add other obligations and unpaid bills and this company is as insolvent as it comes….but yet they still breath. Not one of my key metrics to measure success but I am certain even if the company gets a contract to test tomorrow they would be years away from from bringing anything of value to the market.
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