DD Support Board and Research Team

[nodummy]

SPQS - Roy Thomas Kidd was still a beneficial shareholder when Jeffrey Burns and Christopher Davies came on board in February of 2011.

Roy Thomas Kidd was the sole officer of the shell from 2006 - ???

Rick Altmann was the director of the shell from 2007 - ???


R. Thomas Kidd has served as our President, Chief Executive Officer, Secretary and Director since August 16, 2007. In addition, Mr. Kidd has served as President and CEO of Lextra Management Group, Inc. since November 2006. Mr. Kidd has served as President and CEO of Greens Worldwide Incorporated from June 2005 through November 2006 and since August 17, 2007. Mr. Kidd served as President and CEO of US Pro Golf Tour, Inc. from January 2005 through July 2005. Mr. Kidd served as the President and CEO of the American Senior Golf Association, ASGA Tour, Inc., from 1999 through January 2005. During Mr. Kidd’s tenure at ASGA Tour, Inc., its securities were quoted on the OTC Bulletin Board.

Rick Altmann has served as our Director since September 14, 2007. Mr. Altmann has served as the President of American Lawnkeepers since 1996.


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I'm kind of curious what happened to the nearly $5,000,000 in Notes that SPQS owed back in 2008.

On August 16, 2007, we entered into a Securities Purchase Agreement for the sale of an aggregate principal amount of $1,500,000 of secured convertible notes, which are due and payable three years from the date of issuance, unless sooner converted into shares of our common stock. On August 17, 2007, we assumed $3,903,750 of secured convertible notes of a subsidiary in exchange for preferred stock in that subsidiary, which convertible notes are due and payable on March 22, 2010, unless sooner converted into shares of our common stock. We currently have an aggregate principal amount of $4,566,610 of secured convertible notes outstanding.

If you look at the past financial filings from 2008 this company was in the hole millions and millions of dollars.

How is it that they can suddenly come out of the dark (no filings for 3 years) and have no more debts and no more deficit, etc.?


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And what is the deal with this section from the initial disclosure statement filed on April 7, 2011?

On September 1, 2010 the Company acquired Planet Eco Products, a Florida corporation, in exchange for assumption of debt.

I could find no Planet Eco Products registered as a business entity in Florida. The only one I found was in Nevada and no officers were ever appointed so it was revoked:

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=i5hckVR3OLWHHhqf9Sf%252fCg%253d%253d&nt7=0


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One thing is for sure SPQS is a very ugly looking company. What has happened to the float and the share price since Burns has taken over is just disgusting.

The main things people need to know are in the first post I made about the company:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65041009