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Q2Power Technologies Inc. (QPWR)

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Last Post: 12/5/2016 3:21:44 PM - Followers: 8 - Board type: Free - Posts Today: 1
Q2Power Technologies Inc.

Website: http://www.q2p.com/   Facebook: https://www.facebook.com/Q2Power-793829433999847/   Twitter: https://twitter.com/q2power

Business:
After June 2016: Looking for opportunities to enter the commercial composting business.  Their only activity currently is negotiating the acquisition of ERTH Companies under a Letter of Intent (source: Q2 10-q, pg 23). ERTH operates a composting facility outside of Plains, Georgia.
Before June 2016: Developing and selling small alternative energy electrical generators (e.g., 10 kW) that are powered either by industrial waste heat or by burning waste oil or methane produced in landfills and sewage treatment plants. This was called the "Waste to Power" system.  Employees working on this technology were terminated on May 27th (source: Q2 10-q, pg 21) and the lease on the work space ended.  Only one system had been sold, and it was never delivered.  Details summarized in this message.

CEO: Christopher Nelson, formerly President of Cyclone Power Technologies (CYPW)

Staff:
 
Staff as of April 14, 2016 (from 2015 Annual Report) Staff as of August 22, 2016 (from Q2 2016 Quarterly Report)
- Christopher Nelson, CEO
- Michelle Murcia, CFO (as consultant rather than employee)
- Douglas Hutchinson, COO
- Sudheer Pimputkar, CTO
- Gerald Fly, VP Power Systems
- Nathan Hawkins, VP Production (part time)
- Eric Schacht, VP Systems Engineering
- Packy Underwood, Sr. Technician
- one unnamed part time employee
- Christopher Nelson, CEO
- Michelle Murcia, CFO (as consultant rather than employee)
- Sudheer Pimputkar, CTO
- one other administrative consultant
- two technical consultants
 












SEC Filings: http://www.otcmarkets.com/stock/QPWR/filings

Locations:
- CEO Office: 420 Royal Palm Way, Suite 100, Palm Beach, Florida, shared with Greenblock Capital (Christopher Nelson is Managing Director of Greenblock Capital).
- Former company operation at: 1858 Cedar Hill Rd, Lancaster, Ohio closed June 27, 2016

Defaults upon Senior Securities (source: Q2 10-q, pg 33)
- "As of August 1, 2016, the Company was in default under its two Original Issue Discount Senior Secured Convertible Debentures, which matured on July 31, 2016."
- "As of July 16, 2016, the Company was in default under its 120-day term loan in the principal amount of $150,000."

Controversial Statements:  Although their Waste-to-Power system has never been demonstrated to work, Q2Power makes statements as if it works well enough to be a viable product.  For instance:
- Q2Power homepage (accessed August 24, 2016): "WE CONVERT BIOGAS TO RENEWABLE DISTRIBUTED POWER FROM THESE SOURCES:WASTE WATER; GARBAGE; ANIMAL WASTE"
- August 23, 2016 press release: "Q2Power's current pilot staged combined heat and power (CHP) technology can be deployed with minimal time and expense at thousands of small-scale facilities that must dispose of waste such as methane, biogas and other used fuels at increasingly greater costs and regulatory burdens."
-
Facebook Overview page (accessed August 24, 2016): "Q2P converts biogas and other waste energy into renewable distributed power."

Shares Issued:
- 15,389,829 shares issued and outstanding at December 31, 2014
- 70,689,631 shares issued and outstanding at September 30, 2015
- August 5, 2015: 1 for 7 reverse split
- 27,802,622 shares issued and outstanding at April 14, 2016
- 29,551,431 shares issued and outstanding at August 19, 2016

Previous Ticker: APGR (Anpath Group) until December 11, 2015
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QPWR News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/14/2016 01:48:16 PM
QPWR News: Initial Statement of Beneficial Ownership (3) 08/25/2016 02:45:20 PM
QPWR News: Statement of Changes in Beneficial Ownership (4) 08/22/2016 04:41:49 PM
QPWR News: Initial Statement of Beneficial Ownership (3) 08/22/2016 03:42:24 PM
QPWR News: Quarterly Report (10-q) 08/22/2016 01:14:02 PM
PostSubject
#224   No news, but a new all time low ChuckFinley305 12/05/16 03:21:44 PM
#223   Looks like Nelson's plan of raising more cash ChuckFinley305 11/23/16 09:20:36 AM
#222   And they missed the late deadline, too..... BuddyWhazhizname 11/21/16 05:25:53 PM
#221   Exactly, it's not that hard to add up ChuckFinley305 11/21/16 03:06:07 PM
#220   Yeah, you'd think it wouldn't be that hard BuddyWhazhizname 11/15/16 10:02:30 AM
#219   What a shock! The quarterly report is going ChuckFinley305 11/14/16 03:56:53 PM
#218   Exactly! That is one of the reason's why ChuckFinley305 11/14/16 01:34:08 PM
#217   You hit the nail on the head about BuddyWhazhizname 11/07/16 11:07:20 PM
#216   Anyone else see this post on Cyclone's board? ChuckFinley305 11/07/16 10:24:07 AM
#215   Several more weeks and still no news.... meanwhile ChuckFinley305 11/02/16 03:07:10 PM
#214   Thks... They are close on the financing. falvo 10/18/16 11:15:03 AM
#213   I can't stress enough to do your due ChuckFinley305 10/16/16 09:04:47 PM
#212   I believe the terms of the deal include falvo 10/14/16 08:20:16 PM
#211   Hi....thanks for your thoughts. I and two falvo 10/14/16 08:16:16 PM
#210   Wayne King is anxious because he knows the ChuckFinley305 10/14/16 01:15:03 PM
#209   Well, maybe. The QPWR CEO, Christopher Nelson, BuddyWhazhizname 10/07/16 06:09:39 PM
#208   I respectfully disagree...... The CEO of QPWR says falvo 10/07/16 10:52:44 AM
#207   Only a special type of person would create ChuckFinley305 10/04/16 03:33:24 PM
#206   Q2P has been a stock selling scam from ChuckFinley305 09/29/16 08:57:52 AM
#205   Q2POWER TECH INCORPORATED (OTCMKTS:QPWR) Sellers Increased By 150.94% devnull 08/28/16 09:30:10 PM
#204   They just added Wayne King (founder of ERTH) devnull 08/23/16 03:44:35 PM
#203   "The accumulated deficit since inception is $6,161,002" from BuddyWhazhizname 08/23/16 03:33:27 PM
#202   Thanks. That is good background info. devnull 08/23/16 03:26:44 PM
#201   Kevin Bolin Acquires 100,000 Shares of Q2Power Technologies devnull 08/23/16 02:24:14 PM
#200   History of the Q2Power Energy System BuddyWhazhizname 08/23/16 02:19:13 PM
#199   Here's the operation they are looking to acquire: BuddyWhazhizname 08/17/16 01:12:44 PM
#198   So much for the big pop on a NewJerichoMan 08/17/16 09:55:26 AM
#197   http://www.otcmarkets.com/stock/QPWR/news/Q2Power-Signs-Letter-of-Intent-to-Acqu davidsson10 08/17/16 08:57:58 AM
#196   This delayed 10Q is going to be bloody. BuddyWhazhizname 08/16/16 05:36:21 PM
#195   The stock is being promoted by a third NewJerichoMan 08/16/16 11:29:16 AM
#193   Hard to say what a PR will do. BuddyWhazhizname 07/21/16 06:31:37 PM
#191   Won't take but one positive presser. Went NewJerichoMan 07/18/16 12:35:12 PM
#190   Got a feeling this is gonna be the NewJerichoMan 07/18/16 08:02:22 AM
#189   Hadn't even looked at the stock price today. NewJerichoMan 07/07/16 03:28:01 PM
#188   The company is probably dogshit, making the stock NewJerichoMan 07/07/16 03:20:25 PM
#187   Buddy, Appreciate the insight rich2 07/07/16 11:54:41 AM
#186   Q2Power creates Advisory Board with one member: https://finance.yahoo.com/news/q BuddyWhazhizname 07/07/16 11:01:52 AM
#185   The deal was signed in January for delivery BuddyWhazhizname 07/07/16 10:49:59 AM
#184   New to this board rich2 07/06/16 11:17:22 PM
#183   New to this board rich2 07/06/16 11:17:16 PM
#182   It appears the worm has done turned. NewJerichoMan 07/01/16 01:33:50 PM
#181   Per usual, I was a bit early: $0.129. NewJerichoMan 06/22/16 01:09:59 PM
#180   People are anticipating the end of the dump joenatural 06/22/16 01:07:43 PM
#179   Perhaps $0.10 was the bottom. Are you NewJerichoMan 06/22/16 01:05:48 PM
#178   First buy ever at .1026 as shares that joenatural 06/22/16 12:32:25 PM
#177   Oops, Chris Nelson overpromotes again... BuddyWhazhizname 06/21/16 04:47:12 PM
#176   Q2Power lays off R&D staff. BuddyWhazhizname 06/21/16 03:50:30 PM
#175   Probably vendors who have been paid in shares NewJerichoMan 06/18/16 04:41:11 PM
#174   Hey Bobby, just sharin' the wealth (of information). BuddyWhazhizname 06/18/16 09:38:24 AM
#173   Rats are deserting this sinking ship. BuddyWhazhizname 06/18/16 09:22:52 AM
PostSubject