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It really is not too long to wait and see if the Rubicon is installed and the financials will give the real picture regarding dilution instead of the amateur mathematics taking place. thee should also be a business plan update and who know even some move away from convertible notes.
You will not accept an email from the UJ professor backing up DNRG claim to the institute and UJ Rubicon installation but you will accept a phone call which may or may not have taken place a proof their is no relationship with another partner LOL.
Another low volume day, which is indicative of not too many sellers or buyers a stand off of sorts for the next few weeks, and not really too much dilution taking place but we will not really know how much has taken place until the finacials
GL
Perhaps , but it looks like he is getting bombarded on all sides on twitter right now and some is obviously pretty hostile fire. Definitely a tool that works both ways.
Only thing that will appease the negative sentiment is actual filings and releases not Tweets. 10% swings between the bid and the ask is not a healthy market
Again just my opinion
GL
JMO but i have a feeling the Chinese will not be giving any more $s until the audited financials are released. I am sure they are just like anybody else and want a clear picture before committing anymore money.
But that is just my opinion
GL
This mailer subject has now officially been flogged to death, , which really is pretty off topic regarding current CDNL affairs, if it was occurring right now that would be valid subject as i am no fan of paid promotions either . Pretty sure no one here invested when it was 50c a share and being heavily promoted 18 months ago.
Its standard fare in OTC land to sign convertible debt notes to keep the lights on until better option comes along which is what KJ did . If you look at recent 8k debt is being paid back in cash, CDNL may and i repeat may be at the point convertible debt becomes a thing of the past.
Lets just see how these promised filings pan out.
I may have egg on my face or a big smile, but it will have nothing to do with some mailer paid and sent out by a third party 18 months ago for the sole purpose of selling their own shares at that time. Last time i checked KJ was holding 43 million, so he has hardly bailed out himself.
My goodness, I have followed mailer stocks for 10 years and every single one, bar none, has tanked far below the PPS when the mailer was sent out.
They never recover back to where they started, and continually tank year after year to new lows.
Like I said a few days ago, receiving a promo newsletter in your mailbox, and then investing in that stock is financial suicide, much like this one. And you are correct, Kevin had nothing to do with the printing of the newsletter, but his fingerprints are all over the reason it was published.
He signed the paperwork on the toxic convertible debt deals that have ruined the share price.
LOL
Do you watch the OTC often? it happens all the time on the back of low volumes and profit taking after run ups and its been 2 months of decline hardly a matter of weeks. Another catalyst will give it another boost. As you are aware the financials have been indicated to be released this month. Why not wait for them before speculating with that suspicious mind.
You tell me, stocks don't tank from .0195 to .0095 in a matter of weeks with retail selling.
The late SEC financials would tell us what's going on, so where are those?
There are many issues with this stock, obviously since it now trades subpenny, but fact was it was overpriced and hyped by the MOMO boys back last summer and because when things take an age to happen in OTC land it drifts down and it has fallen off the radar as no trader will hold long term and some would short it as an easy mark with no revenue on the horizon.
I do think the next couple of months will be defining for the company one way or another. The UJ installation will show it has *Rubicon* and is important for credibility. The Financials will reveal the share count and how much actual dilution has occurred and perhaps whether the have organised their financing.
A lot of well deserved mud has been flung at DNRG for lack of communication , but this seems to have improved recently, and i urge you all to look again the the remit for DNRG on https://www.usaid.gov/powerafrica/privatesector
In particular the section which says
Partner with specific university systems in sub-Saharan Africa to train and hire local citizens to perform as plant operations engineers and technicians, as necessary for the installation, service, and ongoing maintenance of the RUBICONâ„¢ system.
Agree its due a rise if the right news breaks but , but no buying pressure again today, only 200k or $1300 traded so no appetite to buy even at this PPS. Its in a rut for sure, need the MOMO boys, only positive is i see a few more "players" showing a little interest in DNRG but not buying yet.
GL
Like you said, this is the OTC and it takes all sorts, the right road is the hard road in most things. I would rather make $10 honestly than $100 by being purposely dishonest, yes i am here to make some money just like everyone else, but not purposely at the expense of others. But i am not their mother and they will do as they do
The stock market in general is a greed is good mentality and it reins supreme, some say shorting a stock is a good thing, but it can destroy a lot of peoples money pots for no other reason than sharks smelling blood especially naked shorting. there is a reason its banned in Germany.
As boring as it has become CDNL can certainly help the situation by filing audited financials .
Also boring is the simple adage of hitting the ask if you want the price to rise, low ball a bid and the MMs will come and find you, anyone with level 2 will see it time and time again
Until then the fun and games will continue, as i write this MMs are heading back down to the million share bid at .0085
GL
Some other worthwhile reading, looking as some of the interest in the last few days its a theory as to what is happening as its been bearish here for while.
http://www.investopedia.com/articles/analyst/030102.asp
One thing to note is less than 1% of the outstanding shares have traded even if its down 20% so its not a mass sell off yet.
GL
Something going on for sure, either a few selling at whatever price to get out or its a play to scare and accumulate the weak before a reversal. No big buyers it would seem to stop the freefall so option number one looks favorite. You would think we would learn that these OTCs are always MOMO lead, once that leaves get out until it returns no matter what you feel about the future as it only ever reverses over time.
GL
This has been brought up several times previously to help muddy the waters when needed, this promotion was instigated and paid for by a third party, independent of CDNL for them to sell their shares(CDNL is a hard mailer promotion from the Wall Street Revelator with a $675,000 budget paid by Resources Kingdom Limited), last time i checked KJ still held 43 million. Also you are about a year late in your timing it was late 2014 early 2015. This was after a couple of minutes of DD.
For one it will give the latest share count and confirm how much dilution has actually taken place. It will highlight any notes out standing, some revenue will be shown , but Revenue will increase greatly in the following quarters so it will not be huge on the old statements. It will have the look ahead for the company. But for people looking to invest it will have been independently audited and that is a biggie for people looking to invest the link explains why it is so important to be independently audited.
GL
https://www.sec.gov/investor/pubs/aboutauditors.htm
Lets hope for those pesky financials soon
GLTU
Trust me dude, this PPS retraction is kicking hard in the plums, things looked so much brighter 2 months ago that is for sure.
GL
Mischievous i would suggest
Oh my, some random new names come in and throw some dubious dirt on a day the ppps is tanking. The whole Arizona thing is a small part of CDNLs workscope i cannot believe people fall for this blatant shit flinging.
I once was in a lift with Bernie Madof therefore by association i am a billion $ fraudster, pathetic. All it does is highlight more than ever the need to get the financials out and public and let people see exactly what is going on.
GL
OK, but that does not answer my post with regards 6 weeks and still no financials. It is sending all the wrong messages as reflected in the PPS, we still have no share count, a must when investing. And your link to the DD board is pointless as i have never questioned CDNLs sincerity/legitimacy just its professionalism and timings. 12 year plan sums up how long it is taking CDNL to get the financials sorted LOL
This stock is being played by the idiot brigade because of this sentiment.
It hurts me to say it but i am beginning to regret not bailing in May , oh the power of hindsight but i did believe we would have put this issue to bed by now. There is complete crap out there in OTC land with a CV you would not entertain that trade better than this does right now. Luckily i am busy for the rest of the day so i do not have to witness the carnage in real time. Before anyone mentions it i know patience is key, can anyone feel my disappointment
GL
Part of the problem not the solution
Remind me never to use the same auditors and accounts as CDNL, i am shocked at the action taking place today and the sellers lining up to bail at .009. This is in deep crap without those financials it would seem and whilst i do understand things take time its been 6 weeks since the CFO was in place. That update really helped support LOL.
Lots of people losing faith and who can blame them at the moment. Something smells here right now and i am not some fly by night trader.
Another groundhog day with more posturing and horse trading, the level of buying at the moment is real low and seriously 150K at .0098 taking nearly a 7% haircut in the process to take it below a penny.
I guess that is why the saying patience is a virtue exists, was really hoping July was going to kick off for CDNL but so far its more of the same. This really is in a rut right now, hope KJ left some fireworks over from the 4th to light this up it needs them bad right now. I feel the fingers on the trigger ready for the news but no one is pulling yet. Hard not to lose enthusiasm which of course feeds in the the malaise that already exists. I think we can all agree Fridays release, even if it did contained some positives was very badly timed and the lack of promised follow actually turned it negative, its crazy when you see what else trades in OTC and is real crap but is priced higher because it has buyers/players.
GL
The numbers are not saying toxic financing on a massive scale, perhaps it will come but i have seen it enough times to know it comes in the 10s or 100s of millions not a few hundred thousand/ couple of million especially at these prices, it may very well continue to drift down to nothing, or it may produce a working model and the PPS will rise. that is trading OTC stocks for you , make a choice and do not invest too much that it makes you bitter if you are wrong.
Lots of vultures/hyeana circling the sick animal hoping it drops down dead to make themselves feel better about bad choices. Anyone who has held for the last couple of months is hardly going to bail out before the financials and the prospect of UJ installation as has been said before 500k shares will cost you just over $3k so no biggie to hold and see IMO . This is like any other OTC stock with the right news and a better financial picture interest will return and the MOMO boys will push it up. Crap financials and no installation it dies.Its that simple.
Not too long to find out
GL
Agreed, the topic here is CDNL and nothing can be dug up that challenges what we already know. I try not to answer emotionally as it generally hijacks the original topic and leads to lots of missing posts.
The lack of promised follow up from Friday also played in to the doubters hands somewhat today. But if you look at this rationally nothing has been revealed to throw a spanner in the works. Hopefully the PPS will start to reflect this as more 8ks and the *fabled financials* get released.
GL
You covered it yourself
Is a philanthropic scam a realistic theory? Its just that a theory
Definition of theory
an idea used to account for a situation or justify a course of action, I think we can all take a guess at the preferred course of action on this that statement is hoping to make.
Time will tell if CDNL is on the level, but if you are going to throw stones at the glasshouse make them valid with some real DD and not compare different companies, CEOs and situations and expect them to make a valid argument to support the theory.
DNRG, well it maybe a turd but it certainly keeps some people interested the level of intelligence and insight from both sides is admirable , even through the holiday weekend the dedication shown is remarkable.
For my 10c worth there is no mass dilution as is claimed, not yet at least this is a slow death by a thousand cuts, i have seen proper hardcore dilution by toxic financiers in action many times and its starts off as a low volume sell off or short of the stock until it goes subpenny and then wam bam shares in the 10s of millions are thrown out there and PPS becomes irrelevant and it does not stop until the note is paid in full.
No one really knows how we stand until the financials come out, which should be shortly, then we will all be more informed. The critical thing for DNRG i see is getting the installation at the UJ in place and putting to bed the make believe mindset that exists regarding the *Rubicon*. Its a crap shoot, soon be time to roll the dice.
GL
Time will tell on that score, obviously if the planned installation takes place and proves the existence of the fabled*Rubicon* i am sure the PPS will improve somewhat. The next set of financials may even show the debt structure has changed and that should only be a short time away, it will also indicate how much actual dilution has taken place. The PPS is already in the crapper so its not a big deal to wait it out a few weeks longer.
As for the dilution, whilst some of that indeed may be going on i have a feeling that MMs are also taking the opportunity to accumulate in case DNRG do pull out that rabbit from that hat and they will have plenty to control the market seem like a lot of shares in this .006-.0075 range in comparison to previous weeks. The large TTrades are indicative to me of MMs controlling the market to fool people a little and if demand increases i think you will find these will disappear.
If you doubt after hours TTrades are devious methods used by the MMs to control the market this is a good read
https://incrediblepennystocks.wordpress.com/2013/06/25/incredible-penny-stocks-what-is-a-form-t-trade/
have a great holiday weekend, lets hope for a few fireworks after the 4th
43411260 in kj name as per filing, plus what his wife holds but thats just common stock http://ih.advfn.com/p.php?pid=nmona&article=71829500
800k ask is .01 when the last sale was .0104 something smells here right now, i know i will take a 4% haircut on a crappy ask seriously.
It appear to me that since Eric Fresh has left DNRG it has gone about its business in a far more professional manner (not hard i know). 8ks have been issued, PR released which are verifiable.New finance team in place. Announcement yesterday about reorganizing finance,recognizing however late that the PPS was being hit hard. Partners that are the real deal, http://edisonpowergroup.co.za/
https://www.uj.ac.za/
Now the company has come in for lots of deserved criticism over that last 6 months, but it cannot be vilified for not filing or releasing information and then get the same treatment when it does.
Long road ahead to try and win back support but IMHO it is moving in the right direction and the UJ installation will finally confirm the mystical *Rubicon* does actually exist and with this showcase unit interest will again be pricked and the PPS will recover somewhat. Some will never believe and that is fine, if the UJ installation never happens i will have egg on my face. But it all seems to be falling in to place IMHO and i have waited long enough to hang on in there to see how it pans out.
As always do your own DD, nobody cares about your money more than your self
GL
Lets hope that is the case, no matter how strong you feel a stock is on OTC it will test your judgement/nerve to the max. After Monday and Tuesday today felt a lot better all round and level 2 looked a lot healthier in the PM. JMHO
GLTU
Solid day today, still on plenty of peoples radar looking at the hot list. Hopefully July will be kinder than June, much anticipated to happen in the next few months that should change the picture here big time.
Just a heads up to newbies on certain tactics that can sometimes be used when trading , most have heard of the pump and dump but the opposite can also be played out. I make no claim to this taking place with CDNL but some might find the information useful when they make an investment choice in the future. As always use your own DD, no one cares more about your money than you do.
GL
Not sure its a frenzy, certainly some tree shaking going on for sure, i will never understand anyone who gets scared in to selling by these tactics, if you are a player chances are you got out a long before now, if you really believe in your investment you will not sell at these prices so who is left?
This still goes back to another of the issues i have witnessed over time , the reluctance to hit the ask, everyone it would seem wants in on the ground floor and its killing the PPS right now. If some one had said to me a month ago it would be under a penny by the end of June and no buyers at that price i would have laughed. I am not laughing now that is for sure.
I remain steadfast in the face of this carnage, but all this lowering of the ask below the previous sale price is insane if its a genuine seller and only makes sense if you are intentionally trying to cause a retail panic and you will sacrifice a few shares to pick up some on the low side or are shorting.
Hope the news we all crave is not too far away
GL
Looks like management finally realized they were not being proactive enough with shareholders. Since Eric Fresh left its been positive news all the way backed up with filings. PPS yet to pick up but surely it will improve once new buyers come in, may take a little while for all the news to filter down but once unit in place at the UJ campus interest should begin to return.
JMHO
I think we can all agree the financial reporting has been CDNL Achilles heel and that everyone is fully aware how late the filing is. There is no doubt being late causes negative sentiment and perception and the current PPS in in part due to this. It has held the PPS back and is now contributing to its decline. Many will not buy in until its updated, understandable.
I do believe KJ is aware of the anxiety out there regarding this and is trying to get it completed ASAP, i am not asking for an exact date but a ball park would be helpful instead of the endless waiting game. But the constant regurgitating of the late filing status is self serving only to lower the PPS and undermine the sentiment further.
JMHO
GLTU