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Q2Power Technologies Inc. (QPWR)

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Last Post: 4/20/2017 3:05:43 PM - Followers: 9 - Board type: Free - Posts Today: 0

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
Staff as of August 22, 2016
(from Q2 2016 Quarterly Report)
Staff as of March 1, 2017
(from 8K)
- 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
 
- Christopher Nelson, CEO






(Michelle Murcia, CFO had resigned, unknown if there are any other employees.)













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: Quarterly Report (10-q) 04/18/2017 04:13:29 PM
QPWR News: Small Company Offering and Sale of Securities Without Registration (d) 04/10/2017 12:32:33 PM
QPWR News: Current Report Filing (8-k) 04/04/2017 12:04:06 PM
QPWR News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 04/03/2017 01:21:19 PM
QPWR News: Current Report Filing (8-k) 03/03/2017 04:04:40 PM
PostSubject
#259   Sept. 30/16: TOTAL CURRENT ASSETS $5,737 BuddyWhazhizname 04/20/17 03:05:43 PM
#258   Why is this MANURE better than anyone else's MANURE?? creston 04/04/17 03:59:25 PM
#257   chris nelson is DUMPING THE WHE!! GOING INTO bobbyknobb 04/04/17 11:22:20 AM
#256   Even Cyclone Power dumped their stock of Q2P ChuckFinley305 03/20/17 03:58:03 PM
#255   PUMP AND DUMP is when the run up bobbyknobb 03/08/17 05:11:29 PM
#254   ....HA HA HA..ides of april..HE HE. bobbyknobb 03/08/17 05:07:49 PM
#253   well thanks but only spent a $100 & stanchjojoina 03/08/17 03:45:44 PM
#252   Sorry for your loss! ChuckFinley305 03/08/17 10:48:58 AM
#251   I own a hand full of shares here stanchjojoina 03/04/17 10:26:47 PM
#250   How many of us got into this stock MasonM 03/04/17 04:15:09 AM
#249   Most likely is a R/S and sale of BuddyWhazhizname 03/02/17 01:57:56 PM
#248   Anybody know the status of Q2Power Technologies, Inc. devnullmoney 03/02/17 11:59:53 AM
#247   It's almost been 5 months, do you still ChuckFinley305 02/21/17 03:50:14 PM
#246   Oh, that salary was just the tip of BuddyWhazhizname 02/16/17 05:51:53 PM
#245   You beat me to this Buddy! The ChuckFinley305 02/16/17 01:41:58 PM
#244   Uh-oh, the SEC is watching... BuddyWhazhizname 02/16/17 01:01:19 PM
#243   48% CRASH ON 2,000 bobbyknobb 02/16/17 12:34:23 PM
#242   AGAIN CRASH 48% ON bobbyknobb 02/16/17 12:32:44 PM
#241   Those in the "Know" were able to make ChuckFinley305 02/13/17 04:13:52 PM
#240   I have no idea why the price is BuddyWhazhizname 02/02/17 03:32:36 PM
#239   Looks like the bottom is dropping out finally. ChuckFinley305 01/31/17 01:51:18 PM
#238   Looks like even Barnum finally ran out of ChuckFinley305 01/16/17 09:55:21 AM
#237   Christopher Nelson keeps proving PT Barnum right. BuddyWhazhizname 01/12/17 03:47:07 PM
#236   Nelson left this dead horse and moved on ChuckFinley305 01/12/17 11:47:06 AM
#235   The time has come to finally flush this turd.... ChuckFinley305 12/29/16 01:53:00 PM
#234   NEW RECORD LOW CRASH ON HUGE VOLUME !!! bobbyknobb 12/29/16 12:24:27 PM
#233   The only new news regarding Q2P is that ChuckFinley305 12/27/16 04:21:25 PM
#231   SP. NOW 4.5 CENTS. THE 7 FOR 1 bobbyknobb 12/22/16 11:16:02 PM
#230   SP. NOW 4.5 CENTS. THE 7 FOR 1 bobbyknobb 12/22/16 11:15:53 PM
#229   That's awfully optimistic Chuck. BuddyWhazhizname 12/19/16 05:06:30 PM
#228   There isn't ever going to be a huge ChuckFinley305 12/19/16 03:27:02 PM
#227   howdy !!! I'VE watched chris nelson for bobbyknobb 12/10/16 03:30:44 PM
#226   Yep, here's Nelson's record at Cyclone: BuddyWhazhizname 12/09/16 05:56:26 PM
#225   Cyclone Power publicly blames 70% of their problems ChuckFinley305 12/09/16 03:48:46 PM
#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
PostSubject