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Q2Power Technologies Inc. (QPWR)

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Last Post: 8/6/2017 3:45:27 PM - Followers: 10 - 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
QPWR
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Volume:
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QPWR News: Quarterly Report (10-q) 08/14/2017 12:14:03 PM
QPWR News: Current Report Filing (8-k) 07/12/2017 10:51:52 AM
QPWR News: Current Report Filing (8-k) 06/27/2017 06:05:05 AM
QPWR News: Quarterly Report (10-q) 06/23/2017 12:16:06 PM
QPWR News: Annual Report (10-k) 05/25/2017 03:44:49 PM
PostSubject
#282   I'll ride that wave when "fundraising" occurs $QPWR jjr04001 08/06/17 03:45:26 PM
#281   Chris Nelson is on a mission to prove ChuckFinley305 07/28/17 08:24:13 AM
#280   Here's all you need to know about QPWR. BuddyWhazhizname 07/18/17 01:25:36 PM
#279   Wish I could grab some more $QPWR jjr04001 07/16/17 10:28:06 AM
#278   Kissed 0.13 today ChuckFinley305 07/14/17 02:50:46 PM
#277   Zero assets, Zero income but the the 2 ChuckFinley305 07/13/17 10:57:01 AM
#276   Kissed .18 today $QPWR jjr04001 06/27/17 05:24:53 PM
#275   Holding still. Did you grab any down jjr04001 06/26/17 01:02:00 PM
#274   0.1351 $QPWR ChuckFinley305 06/26/17 12:58:01 PM
#273   .17 $QPWR jjr04001 06/20/17 11:47:37 AM
#272   This chart setup looks very bullish. $QPWR jjr04001 06/16/17 10:08:46 PM
#271   I'm only here because of the weekly PMO, jjr04001 06/06/17 01:33:48 PM
#270   I learned my lesson by the time Nelson ChuckFinley305 06/06/17 01:17:54 PM
#269   At what price range, if you don't mind jjr04001 06/06/17 10:27:15 AM
#268   That burn won't feel as bad as mine. ChuckFinley305 06/06/17 10:16:48 AM
#267   I went in small. $200. jjr04001 06/06/17 10:05:45 AM
#266   I do find humor in naive investors who ChuckFinley305 06/06/17 08:21:27 AM
#265   Is that why you're here? jjr04001 06/05/17 07:00:17 PM
#264   That is the best joke I have heard ChuckFinley305 06/05/17 11:27:56 AM
#263   This baby's gonna flyyyy $QPWR jjr04001 06/02/17 01:58:00 PM
#262   :( jjr04001 06/01/17 09:28:09 AM
#261   Better cash out while you can if there ChuckFinley305 05/30/17 02:28:58 PM
#260   In at .16 Hopefully not too late $QPWR jjr04001 05/30/17 11:11:23 AM
#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
PostSubject