Replies to post #45684 on QS Energy Inc (QSEP)

[Smile AOT Works]

We are also in discussions with an exploration and production company regarding AOT operations on a West Coast heavy crude gathering line that relies heavily on diluent to achieve required viscosity. This project is designed to demonstrate AOT for upstream and trucking applications.

[mr_sano]

Company can claim imminent victory all it wants but so far they have put zero points on the board and frankly the 10q shows how little results have been achieved and how precious resources have been again squandered in the 18 plus months this dream team has been on the job. Avg 140k cash burn per month will soon be 200k based on its obligations and expansion of expenses. There is no plan to finance the future operation other to say they are willing to sell more convertibles! Wow what a great strategy!

Then they continue to gloss over and attempt to extract more spin from the failed KMI test saying they are still in “discussions” but the lease is suspended. A contract is either accepted or not. If it is consummated with consideration then a contract would exists. If not then it never did. Km cannot suspend a contract which they did not pay for. Qsep crack managers must assume its investors have little understanding of contract law. It’s pitiful they simply cannot tell the truth or be transparent as they have claimed they would become. This is just more definitive proof that nothing has changed!

[mr_sano]

“
Not true according to the evidence below.

In August 2018, we were approached by a prospective customer in northwest Asia and have been invited to meet with senior management to make presentations and provide a proposal to install AOTs on a new 2,000 km pipeline.
“

Sorry but this is a low probability event that has very little to do with the fact that Qsep is now cooking cash at the rate close to 5K a day or aprox 55000 shares @.085. All just to maintain the status quo. That of course does not include paying down any of the companies major obligations any time soon. Apparently Temple is content to watch a million dollars in defaulted licensing fees accumulate while Qsep negotiates some new settlement or cure. Wow!

Qsep needs about 5-7 million in cash to put the company on solid financial footing but that is not happening through institutions or family offices even-though the CFO brought it up again. Note to Mike...release news when deals are done and is in financing place. Talking to bank or institutional fund...having a great meeting is not news it’s just fluff.

The reality is pretty simple. Qsep will continue to use equity as cash as they have done for the last 20 years!