QS Energy Inc (QSEP)

[SoxFan]

Just in my post I quoted directly from the 10K for the year ended in 2012. Not 2011 but 2012 and right there in black and white they tell you that they issued convertible notes and warrants of which over 90% were exercised from that issuance of paper.

During 2012 they issued over 14.7 million shares as a direct result of convertible notes and warrants of which the vast vast majority of them were exercised. And if you look at all the stock that was issued in 2012 for whatever reason - paying of consulting fees, paying suppliers, paying directors or executives the total was over 29 million. So the convertible notes was not even a majority of the stock issued.

If you need more help please go to the 10K for year ending December 31, 2012 as it right on their web page.