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Tuesday, June 21, 2016 3:50:30 PM
New PR: http://www.marketwired.com/press-release/q2power-provides-information-on-its-business-extension-into-composting-engineered-soils-otcqb-qpwr-2136104.htm
Translation: The one system they sold to their one customer in Florida that was supposed to have been delivered a month ago doesn't work and hasn't earned any progress payments. Q2Power has run out of money for payroll, so their only tangible activity, R&D, has been eliminated.
So much for the predictions of their electrical generators going into production in 2016.
Well established firms currently meet the needs of this market, and growth is only predicted to be 6.7% What established firm would have trouble growing at that rate? The U.S. growth rate isn't cited in this PR, which suggests it's even lower than 6.7%.
So just how is a company with no assets, no capital, no relevant facilities, no proprietary technology, no expertise and no economies of scale, but lots of debt, going to get into this industry and become profitable in the short term?
In the last month they haven't even finalized their agreement with ERTH Products, a composting company that may have all of two employees.
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