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BuddyWhazhizname

10/07/16 6:09 PM

#209 RE: falvo #208

Well, maybe. The QPWR CEO, Christopher Nelson, has spent years being confident the Cyclone waste heat engine was going into commercial production "within six months". Didn't matter what year it was, production was always six months away. In 2013 Nelson predicted the Lancaster Ohio facility was going to be building 1500 engines per month by now: http://www.bizjournals.com/columbus/blog/small-business/2013/09/cyclone-power-setting-up-engine-plant.html

Instead, after creating QPWR and burning through about $6 million, the staff was fired and the lease terminated on the Ohio facility earlier this year.

They sold one system, but never delivered it. They may never have even started building it. They haven't said one way or the other.

QPWR on June 30 had current assets of $12,255 against current liabilities of $1,983,814. They have no revenues, other than selling stock. They have no assests they could sell for cash. Currently they have no business at all. It's hard to see how they will raise enough cash to keep out of bankruptcy, let alone the full purchase price of ERTH.

Wayne King may be anxious to close the deal, but what can QPWR offer other than rapidly-diluting QPWR stock?

If ERTH is capable of generating enough cashflow to keep QPWR in business, why aren't other buyers lining up with cash in hand?

Why aren't solvent microcaps bidding on ERTH if making them public will be a pot of gold?

On page 33 of the last 10Q they described being in default on two senior securities, and the total plan for recovery is to renegotiate payment terms. Not much of a business model.

ChuckFinley305

10/14/16 1:15 PM

#210 RE: falvo #208

Wayne King is anxious because he knows the deal needs to be done before Q2P is forced to file bankruptcy. Once this "gold mine" deal is on the books Wayne will be given a stock pile of shares for his company (no cash because they have none) while Nelson and crew proceed to pump up the stock by issuing press releases saying how great ERTH is while dumping their shares. Mr. King will be left in the same situation Q2P is currently except he will be the bag holder.

-Chuck

ChuckFinley305

02/21/17 3:50 PM

#247 RE: falvo #208

It's almost been 5 months, do you still think this is anything but a scam?

-Chuck