QS Energy Inc (QSEP)

[mr_sano]

I think logic along with Elvis have left the building long ago…the company is fire selling off it’s equity at .03 and yet spent less than 150k on R&D for 9 mo! Meanwhile 187k gets tacked on as licensing maintenance fees each year along with over 200k in annual interest! That is $387k a year of licensing expenses that just keeps growing year over year. In fact the patent or supposed development by Temple and Tao is essentially useless. Just used to prop up company as backed up by a legit University. It’s too bad shareholders can’t sue Temple for extortion or fraud but the nimrods at Qsep gleefully accepted these insane terms. The fact that $125k of the yearly $187K is for the fuel injection technology license that crashed and burned a decade ago is apparently lost on management.

If they worked out how to subvert mother nature why not do another raise and pay for the test they did before. Better yet a scale down demo would prove the concept as well…oh wait they have one of those! I guess acceptance of the company claims is the real issue.