QS Energy Inc (QSEP)

[mr_sano]

Well old Qsep raised 185k in the Q1 of 2024 yet they are not paying any principal or interest on the mounting debt nor do they have any strategic plan to raise cash other than to sell off equity. It’s the same story regurgitated. Now the past due debt is growing 10% year so 2024 will have over $500k interest expense that Qsep can’t pay! The company is paying a mere 50K a month just to cover the minimum. Heck they can’t even pay off the Ex CEO Bigger!

70k cash eoy plus $185k new raises gives them 4.8 months of operation from jan 1st 2024 using the minimum payment without touching their debt. At close to 400M shares outstanding the company will have to expand its share structure to commit to any project that requires any real R&D.