Questor Technology Inc V.QST

Results

[AlbertaBLE]

The Financial resultsare just OK.  The details on the 3 ex employees is interesting.

What I circled was this 

Requests for proposals have increased significantly from both international and domestic companies

which was after they presented at the Global Methane Initiative and Clean Air Coalition forum in Washington in October

While in the past, Audrey has used the word "Interest" to give us hope, but interest is subjective.  Here she uses Requests for Proposals which means a higher level of action.  For these customers, there is a significant process to qualify someone for a RFP, and a sign that they are ready to act when they issue RFP's.  "Increased Significantly" is also a clue.  Can those RFP's turn into a "significant" number of orders?  TBD

[Stonksonlyup90]

She's been saying "increased significantly" for some time now... look at the results - take her words with a grain of salt as clearly there has been no 'significant increases'  Revenue "SIGNIFICANTLY" lower than both Q1 & Q2 - and still... Mexico project not completed. Why would a potential customer want to work with a company that is failing to execute on

[AlbertaBLE]

Again, I am also frustrated, but let me address your comments. Making false or misleading comments, especially in Quarterly commentary can lead to lawsuits and in rare cases jail time.  In the past, I agree the commentary centered around increased non descriptive "Interest".  That could be more one on one conversations at oil & gas conferences, to more phone calls

[AlbertaBLE]

Today's announcement is exactly what I was looking for. RFPs turning into large orders. As for sale vs rental I think the government funding in Canada and US is for capital purchase vs rent so you might see if executed that way in terms of orders.  now let's see if more rfps turn into top line

[mlmack66]

The Canadian Federal government has a $750 million methane  reduction fund. Not sure if these sales apply to that fund but QST had been working with several large o&g producers applying for fund money. Once you get one project through the red tape many others may follow. I expect today's announcement to occur weekly if this is the case. I also believe Audrey was on the private

[AlbertaBLE]

Yes & Yes.  I believe that this is FINALLY the start of these sales. Of note, this is the 2nd CANADIAN 'Large Oil and Gas" customer.  There is only 4-6 of those.  So getting 40-50% of those started on this path is a great thing.  For these 2, their individual need is way more than one or two each.  They have many places in a site that could utilize the

[greaterreturns]

Where are the sales numbers that you describe??? How do they expect to bring in sales when they can't even return phone calls or emails??? You go to the "Leadership" page on the website and all is shows is the CEO/CFO along with her vision which will never be realized the way she is running the company into the ground. We need SALES!!! There is no direct sales contact listed

[greaterreturns]

All I can gather from this release is that she blames poor sales on legal issues due to past employees starting their own firm. While this could be concerning, the court declined to grant an injunction meaning she is likely just spending a whole lot of money on a legal case in an attempt to win it. I would imagine the lawyers are winning financially on both fronts. Many past postings on this board