SECURITIES FRAUD By Quantum Energy INC.
In April 2023, a presentation regarding Quantum Energy’s so-called “Direct Energy System” was given to potential investors at the Planet MicroCap Showcase in Las Vegas by a Quantum Energy executive named Dustin Hamby. This presentation included claims and statements so blatantly false and misleading that they clearly amount to securities fraud by Quantum Energy Inc.
Describing Quantum’s energy system, Hamby says: “The technology is disruptive – it changes the way people look at power… This… reduces those costs further. It doesn’t have to have the sun, the wind, or any other fuel source to generate that electricity.”
– This is the same blatantly false claim that Dennis Danzik made for his “Earth Engine” for years, before renaming it as the “Photon Engine.” It rests on Danzik’s false claim that the “Engine” is actually powered by the “Magnetic Propulsion” provided by permanent magnets. In fact, the “Photon Engine” is simply an unconventional and inefficient type of electric motor. It is not powered by magnets at all. It is powered entirely by electricity. The electricity that powers it can only be generated through the use of the sun, the wind, or some other source of energy. The “Direct Energy System,” in essence, uses a type of electric motor to spin an alternator to generate electricity. The alternator will not produce more electricity than the electric motor consumes. Therefore there is nothing “disruptive” about the system. It will not “change the way people look at power,” and it will not “reduce costs.”
Hamby says: “Our IP is very strong, being the world’s first magnetic propulsion system that can generate electricity… that can deliver that electricity with zero emissions at a very low cost”
— This very misleading statement again rests on Quantum’s false pretense that Quantum’s so-called “Photon Engine” is a “revolutionary” device powered by “magnetic propulsion,” when in fact it is simply an unconventional and inefficient type of electric motor, powered by electricity.
Hamby says: “We have one of our Photonics systems that illustrates how we are recapturing voltage – wasted photons when we’re lighting a room. This voltage and amperage is utilized to run the control systems in our magnetic propulsion engines, which I’ll show you next.”
— This deceptive and misleading statement involves the same deception that we find in Danzik’s many videos on the Quantum Energy youtube channel. Quantum’s so-called “magnetic propulsion engine,” the “Photon Engine,” is simply a type of electric motor, powered entirely by electricity and not by magnets. The “recaptured voltage” from electric lights does not merely “run the control systems” of the electric motors which Quantum deceptively calls “magnetic propulsion engines” – it actually powers them.
Hamby says: “Why Quantum? We’re breakthrough technology… The renewable energy sector, their projects – solar projects, wind projects – they’re getting delayed because they don’t have transmission. Our solutions fix that. We don’t have to have transmission lines, because we’re creating the power where it’s consumed. We don’t need any sun, wind, hydro, it’s just the pairing of the permanent magnets.”
— This is yet another blatantly false and misleading statement. Quantum’s so-called “Photon Engine” is a type of electric motor, powered by electricity and not by magnets. Quantum does indeed need sun, wind, hydro, or some other source of energy to generate the electricity that powers the electric motor that they call a “Photon Engine.”
In the interest of brevity, I have quoted above only a few of the many false and misleading statements made by Hamby in his presentation, which was false and misleading from beginning to end.
The false and misleading claims and statements regarding Quantum Energy’s so-called “Direct Energy System,” in the presentation given in April 2023 by a Quantum Energy executive, to potential investors at the Planet MicroCap Showcase, clearly amount to securities fraud by Quantum Energy Inc.
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