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COLOSSAL, IN THE RIGHT HANDS & LEADERSHIP. ALLEN & WATKINS ARE NOT THE GUYS. THEY HAVE BE UNBALE TO PROVE THEMSELVES IN 3YEARS.
This COMPANY has gone from Fuel Cells specifically to HYDRO & now COAL. The Company is all over the MAP NOT a GOOD SIGN. Especially with ZERO REVENUE, Toxic Lending, Increased A/S, and delay after delay topped off with ZERO COMMUNICATION.
Photos are NICE but YET TO SEE ANY EFFORTS COME TO FRUITION.
Dominovas Energy Continues Discussions With Madagascar for Energy Projects
Photos of Neal Allen & Others
http://dominovasenergy.com/dominovas-energy-continues-discussions-with-madagascar-for-energy-projects/
Watch as many more of these are PR'd in the next month to COMBAT THE 10-Q and Outstanding Share COUNT.
*650MW Coal Plant 8K "The Parties acknowledge they are under NO OBLIGATION, subsequently, to enter into a subsequent LEGALLY BINDING agreement or to continue discussions in respect of any the subject matter to which this document relates"
8K quote from: Letter of Intent Between Dominovas Energy Corp. & The Republic of Madagascar Specific To A: 650 MEGA WARR CLEAN COAL BASE-LOAD POWER PLANT.
Quoted from Page 3. Last sentence
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000919/ex10-1.htm
"With an anticipated investment by Dominovas Energy of between US$1.2 billion and US$1.5 billion, Madagascar's Gross Domestic Product (GDP) could very well double within the next 3-5 years"
All these large & incredible investment numbers PR'd from a PRE-REVENUE COMPANY with NOT 1 ACTIVE WORKING ENERGY SUPPLYING UNIT.
NOT EVEN THE 50Kw UNIT, WHICH COST $1,000,000 million.
"When used in this report, the words “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate” and other similar expressions are generally intended to identify forward-looking statements"
From DRNG's Forward Looking Statement.
"It is anticipated that Dominovas Energy and the Government of Madagascar will next sign a binding Memorandum of Agreement that defines the deliverables and responsibilities of both parties, as it pertains to the installation, deployment, and operation of the 650MW power plant within Dominovas Energy's BOOTT (Build, Own, Operate, Train, Transfer) construct." DNRG PR TODAY
Legally Binding is not going to happen. DNRG PR this now & watch the months go by with you update because DNRG LEGALLY DON'T HAVE TO.
Dominovas Energy Continues Discussions With Madagascar for Energy Projects
*IT ONLY WORDS. MEANS NOTHING
ATLANTA, GA--(Marketwired - Nov 30, 2016) - Dominovas Energy Corporation ( OTCQB : DNRG ) announces today it has concluded a business trip to Madagascar, Africa, which by invitation specifically and purposefully coincided with the Francophonie Summit 2016 event that was held last week in the island nation's capital city Antananarivo, Madagascar. Neal Allen, Dominovas Energy Chairman and CEO continued discussions with the government for the deployment of a nation-changing 650MW power plant for Madagascar. This announcement, closely follows Dominovas Energy's having recently filed an 8K chronicling the execution of a reciprocal letter of Interest (LOI) with the Government of Madagascar for the deployment of a baseload power supply.
The President of Madagascar has an unequivocal resolve to end the energy deficit of the country and is a primary objective. As such, this 650MWs of base-load power will create a substantial baseload of electricity generation that, heretofore, has not existed for the nation. It is anticipated that Dominovas Energy and the Government of Madagascar will next sign a binding Memorandum of Agreement that defines the deliverables and responsibilities of both parties, as it pertains to the installation, deployment, and operation of the 650MW power plant within Dominovas Energy's BOOTT (Build, Own, Operate, Train, Transfer) construct.
Dominovas Energy officials were also invited to participate in significant events and meetings that took place during the Francophonie Summit 2016 and they were hosted by the newly created agency AMDP (Agence Malagasy de Développement économique et de Promotion des Entreprises), as headed by the Directeur Général Mr. Hugues Ratsiferana. AMDP was envisioned by the President and was created early September of this year to specifically spur and accelerate economic development and investment within Madagascar. One of the first objectives of the agency is to lay a foundation for primary baseload power for the country. Dominovas Energy is working hand-in-hand with government officials and key members of AMDP to provide this baseload power from the proposed 650MW plant which will allow for large scale critical economic development on Madagascar.
In addition to meeting Madagascar's president Hery Rajaonarimampianina at the inauguration of the "Industry Salon of Madagascar," productive meetings were held with the Minister of Energy Lieutenant-General Herilanto Raveloharison, as well as with the Directeur Général Délégué of the AMDP Mr. Joana Ravaloson.
Neal Allen, CEO and Chairman of Dominovas Energy, noted, "I applaud the President's leadership, vision and commitment to the future of Madagascar. Several countries were considered by Dominovas Energy as a possible 'ground zero' for this power plant, but Madagascar has exhibited an unyielding commitment to this project from the initial introduction of the opportunity and has put in place exceptionally competent people to shepherd this project. From the beginning, President Rajaonarimampianina recognized the significance of this project and further, if successfully deployed, its paramount importance for Madagascar's short and long term national development. We are quite excited to have converted a well-structured project idea into a material project that will literally light this island nation. After visiting the island earlier this year, and with several subsequent visits prior to last week's visit, Dominovas Energy worked relentlessly to development a sound and comprehensive energy solution for Madagascar. We jointly recognize that a legacy project of this nature and magnitude is clearly a once in a lifetime opportunity."
The power project's spillover effect from a macroeconomic point starts with the significant augmentation of Madagascar's present energy capacity that will serve to not only "electrify" its population, but also this electricity will serve as the ignition for many of the mining, manufacturing, and resort enterprises as necessary for them to act as force-multipliers and major employers that will energize and support Madagascar's economy as a whole. These industries and others, will be natural off-takers for a large portion of the electricity produced. Madagascar is experiencing, first-hand, the effect of suppressed demand of power. Studies have shown that corporations and people will access, use, and pay for power if it is available, sustainable, and reliable. Madagascar's lack of sufficient base-load power has constrained and significantly limited the country's growth potential. Ultimately, the anticipated increase in power production and the revival of the manufacturing and mining sectors will also directly positively affect the service and hospitality industries. Job creation in excess of 3,000 people during the construction period of the plant is expected, along with a significant number of people to be employed as ongoing operation of the plant will be necessary. With an anticipated investment by Dominovas Energy of between US$1.2 billion and US$1.5 billion, Madagascar's Gross Domestic Product (GDP) could very well double within the next 3-5 years. Madagascar should anticipate that because of this substantial investment in the plant that subsequent major investments will follow from the manufacturing, hospitality, mining, and agriculture sectors.
*DNRG: "Ultimately determing deployment feasibility, viability, and TIMELINES" doesn't sound like smooth sailing (a lot depends on these grants). Watch Allen & Watkins kick the can down the road once again for the 50Kw "SHOWCASE". City of David 3MW & South Kivu 200MW NOT HAPPENING in the 1st QUARTER of 2017 DNRG on USTDA Grants
"The submission of the USTDA proposals helps set the stage for ultimately determining deployment feasibility, viability, and timelines for both the ORCAS™ and the RUBICON™. The Company expects to receive the USTDA’s decision on its submissions during the month of October."
http://dominovasenergy.com/dominovas-energy-petitions-for-project-grants-through-united-states-trade-and-development-agency/
*No news on DRNG's grant proposals to the Unites States Trade and Development Agency (USTDA).
It's NOT happening. NO grants from USTDA or assistance from Power Africa, wonder WHY?
"WORLD RENOWNED" Scientist & Engineer, must have been awarded a fair amount of prestigious medals, honors, etc RIGHT?
https://www.linkedin.com/in/shamiulislam?authType=name&authToken=ACv_&trk=prof-sb-browse_map-name
Shamiul Islam is 37. It's not likely that a scientist & engineer is to become "world-renowned" at this age.
The YEARS of Schooling alone would take up 7-10 years and not to mention RESEARCHING.
Google Images on him NOTHING
https://www.google.com/search?q=Shamiul+Islam,+PhD&client=safari&rls=en&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjV9vTW6s7QAhUK2IMKHVB7CHEQ_AUICSgC&biw=1354&bih=789
*While indeed accomplished, does not fit the claim of "world-renowned" Scientist & Engineer
"The definition of renowned is famous. An example of renowned used as an adjective is the phrase world renowned hotel which means a hotel known throughout the world"
In the US, a postdoctoral scholar is an individual holding a doctoral degree who is engaged in mentored research and/or scholarly training for the purpose of acquiring the professional skills needed to pursue a career path of his or her choosing.
"A concepted, developed, tested & deployed"DNRG, 2014 Where has it been tested & deployed??
Quote from DNRG site. 1st paragraph
http://dominovasenergy.com/green-technology/
"the RUBICON™, as designed by world-renown scientist and engineer, Shamiul Islam, PhD. As a concepted, developed, tested, and deployed fuel cell under the stringent auspices of Dr. Islam and our OEM partners, Dr. Islam’s work exemplifies “true leadership and collaboration” in the fuel cell “NextGen” energy space." DNRG, 2014
Shamiul Islam is NOT a "WORLD-RENOWN" Scientist. Google him and nothing comes up (other than DNRG). **https://www.google.com/#q=Dr.+Shamiul+Islam **
Shamiul Islam does NOT fit the definiton of WORLD-RENOWN
Quote from DNRG site. 1st paragraph
http://dominovasenergy.com/green-technology/
What Delisting Means for the Company
When a stock is officially delisted in the United States, there are two main places it can trade:
Over the Counter Bulletin Board (OTCBB) - This is an electronic trading service offered by the Financial Industry Regulatory Authority (FINRA, formerly the NASD); it has very little regulation. Companies will trade here if they are current in their financial statements.
Pink Sheets - Considered even riskier than the OTCBB, the pink sheets are a quotation service. They do not require that companies register with the Securities and Exchange Commission (SEC) or remain current in their periodic filings. The stocks on the pink sheets are very speculative.
More info
http://www.investopedia.com/articles/02/032002.asp
*8K-MOU w/ UJ & Edison Power Group: "We do not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise"
"There can be no assurance that: (i) we have correctly measured or identified all of the factors affecting us or the extent of their likely impact; (ii) the publicly available information with respect to these factors on which our analysis is based is complete or accurate; (iii) our analysis is correct; or (iv) our strategy, which is based in part on this analysis, will be successful"
Quote from 8K, 1st paragraph, last sentence
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000810/g8247.htm
10.1 Memorandum of Agreement with University of Johannesburg
10.2 Memorandum of Agreement with Edison Power Group Limited
DNRG hasn't even establish a satellite office on the UJ campus(as stated on the 8K). Very telling, could be do to the fact that NONE of the 8K's DNRG has put out are LEGALLY BINDING.
DNRG has the right to walk way from ALL of the 8K's without having to LEGALLY make shareholders aware. DNRG has NO OBLIGATION to update shareholders on ANY OF THE 8K's. Sound like a "company" that will STAY SILENT UNTIL THE END!
Watch as Allen & Watkins reverse split, watch April 1, 2017 come and go, watch all the "new" PPA's (none legally binding) fade away, watch DNRG lose city of david (they have already to Hydro) & south kivu dissappear on the PATT APP. Watch as DNRG gets DOWNGRADED then ALLEN will NOT HAVE TO RELEASE DNRG FINANCIALS.
USUALLY GETS DARKEST BEFORE IT GOES PITCH BLACK.
*Egoli Gas 8K, "This MOU is NOT LEGALLY BINDING"
Quote from Page.2 on 5. GENERAL CONSIDERATIONS
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000918/ex10-1.htm
This 8K is the needed gas line for the 50Kw "showcase" in UJ. That was orignally set for deployment in August 2016 now set for sometime in 2017, before April 1, 2017.
*NOT LEGALLY BINDING, 8K w/ AxDeel Partners LLC & LEROS ENERGY(aka BRAZIL 10MW rubicon)
"The parties expressly understand and agree that neither party shall have any obligation or commitment to enter into an Agreement or to otherwise engage in business activities with the other party unless and until the terms of such business relationship are accepted by the parties' respective management and the Agreement is executed by authorized representatives of both of the parties. The parties agree that the terms of this MOU are legally binding"
8K NOT LEGALLY BINDING. Same as the Egoli Gas 8k NOT LEGALLY BINDING
Dominovas Energy Corporation,
AxDeel Partners LLC
And
LEROS ENERGY
Quoted from Paragraph 5, last sentence,
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000938/ex10-1.htm
*650MW Coal Plant 8K "The Parties acknowledge they are under NO OBLIGATION, subsequently, to enter into a subsequent LEGALLY BINDING agreement or to continue discussions in respect of any the subject matter to which this document relates"
8K quote from: Letter of Intent Between Dominovas Energy Corp. & The Republic of Madagascar Specific To A: 650 MEGA WARR CLEAN COAL BASE-LOAD POWER PLANT.
Quoted from Page 3. Last sentence
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000919/ex10-1.htm
*When does DNRG PR the "NEW" Clean Coal Division? Again out of NOWHERE, I'd bet they have a 3rd"GAME CHARGER" in clean coal.
DNRG PR'd a HYDRO DIVISION without actually having even 1 project/PPA. But yet no PR for this new "CLEAN COAL" DIVISION.
*DNRG announces 2 "NEW DIVISIONS" in less than 6 months, Hydro & Coal with NO EXPLANATION and don't DEEM these 2 new division worthy of a CONFERENCE CALL? Why is it that DNRG's investor relations NEVER REPLY or RESPOND.
Sounds like a fully functional Company that's at the "BEHEST" of its shareholders.
*"Do all projects in the PATT qualify for Power Africa assistance?"
Power Africa; "No. Qualified Transactions must meet minimum requirements including transformative, catalytic, and replicable to be considered for USG assistance. Even if a project may qualify for Power Africa assistance, there is no guarantee that the project will receive assistance given both limited resources and competitive processes involved in the award of most assistance"
*Ever wonder WHY Power Africa Officials has never been involved in assistaning DNRG with anything? It's almost like DNRG didn't meet the MINIMUM REQUIREMENTS. No photos of Allen or Watkins with Andrew Herscowitz or any other high ranking Power Africa Official. Especially for a Company like DNRG touting to shareholders and others of their Rubicon as "GAME CHANGER" and "LEADING WORLDWIDE FUEL CELL COMPANY"
Wouldn't the whole reasoning to partnering/signing up with POWER AFRICA is so that Companies can utilize Power Africa's network and influence. Otherwise "Power Africa" nothing more than just a list of companies.
Also have to wonder why is it that only 4 projects are listed on the PATT APP when DNRG seem to be gathering "NEW" PPA's. Yet Power Africa is not listing any of the new PPA's.
*DNRG did not have the $1,000,000 to manufacture the 50Kw unit, hence WHY the EXCUSE of the needed "GAS LINE". This bought Allen & Watkins what they needed and thats TIME.
In that time, so far they have increased AUTHORIZED SHARES, pushed back deployment of a "showcase" by 6 months, enough time to EXPLOIT the increased shares and it's shareholders. All this with NO CC or EXPLANATION of any kind.
Remember how shareholders found out about the "GRUPO TREBOL ACQUISITION" on DNRG's facebook.
*" An Android app release is planned for February 2016. The PATT app for iPhone (link is external) is available for download from the Apple App Store (link is external)." From USAID.gov
https://www.usaid.gov/power-africa/newsletter/jan2016/powerafrica-tracking-tool
*Allen & Watkins will run the clock out. DNRG spent a recorded net operating loss of $2,521,745 in 9 months.
When you look at the 10Q's/financials MOST if not all was spent on repaying the TOXIC FINANCING & not in paying for the MANUFACTURING of the RUBICON. Nothing on the 10Q's indicates that DNRG has made payments or paid for the 50Kw unit, no payments to AVL or SOLIDPOWER, nothing.
DNRG stated on the last 10Q, May 31, 2016, that the Company had $5.723.00 in cash. They are still SEEKING MORE & MORE financing in the way of SHARES & only SHARES. If you think otherwise then you only have to look to the INCREASED AUTHORIZED SHARES, DNRG has gone from 700,000,000 Million shares to NOW 1,500,000,000 Billion shares, this was done for the VERY SPECIFIC reason to get more & more financing with SHARES. DNRG will have to IMPLEMENT a REVERSE SPLIT in FEB/MARCH 2017, this isn't guessing, they financally will have no other way.
Also Greacrest will not come into the picture because the "EFFICACY TESTING" will likely still be in progress until July-Oct, 2017 and NO ONE will touch DNRG until the RUBICON is TESTED & PROVEN. By this time DNRG will be trading at $0.0001.
NOTICE the "NEW" DNRG TIMELINE schedule for the 50KW Rubicon, NO later than April 1st, 2017. By this time ALLEN & WATKINS will have EXECUTED it's TRUE plan.
When left unregulated the WOLVES come out to play!!
*Proof that DNRG's City of David 3MW & South Kivu 200MW are NOT HAPPENING.
"the company is currently on pace to deliver the "first system" AKA "showcase/50Kw" in 2017, with the ultimate goal of implementing a multi-Megawatt system/MW in the region shortly thereafter"
DNRG: "With the ULTIMATE goal of implementing a multi-Megewatt system/MW in the region shortly thereafter"
NO PPA's WILL BE MET UNTIL AFTER THE 50KW, 6 month, "EFFICACY TESTING" has COMPLETED.
PR DNRG Quote
http://blog.qualitystocks.net/dominovas-energy-corp-dnrg/dominovas-energy-corporation-dnrg-highlights-plans-to-capitalize-on-momentum-of-upcoming-rubicon-showcase-unit/
Edison Power Group
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000810/ex10-2.htm
Egoli Gas
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000918/ex10-1.htm
City of David
http://dominovasenergy.com/dominovas-energy-signs-multi-megawatt-agreement/
South Kivu
http://dominovasenergy.com/dominovas-energy-continues-relentless-effort-to-power-africa/
the word "INTERESTING" is used to avoid critically thinking. And often offered up as a way to get around what one really would like to say.
If DNRG gets DOWNGRADED you can bet Allen & Watkins will choose NOT disclose any financial information from there on out.
Allen & Watkins are "Operating" out of a VIRTUAL OFFICE that Allen pays $600-$1000 per month for. Sounds like the "HEIGHT OF PROFESSIONALISM" doesn't it. A virtual office for a Co. that has "SECURED" $1.2 BILLION in financing. A virtual office means you have NO PLACE OF BUSINESS.
No ELEGANCE to HUSSLE Allen & Watkins are appropiating.
With Allen & Watkins the cracks are turning out to be quiet LARGE & only getting BIGGER.
*"Although your paths to becoming DEC shareholders vary greatly, consider yourselves fortunate, as I feel bullish about our product, our direction, and our future. As Chairman and CEO, I will continue to expect excellence in all we do as a company".
Until such time, I humbly remain,
Neal Allen
DNRG share price down 99% AND yet SALARIES are up 25% across the board??
Case in point: "Living by example through one's actions" Neal Allen
*Neal Allen's salary increased by $44,250 / 25% last September, 2015
New Salary for Neal Allen $221,250 up from $177,000
*Michael Watkins salary also increased by $26,000 / 25% last September
New Salary for Micheal Watkins $130,000 up from $108,000
*Dr. Shamiul Islam's salary increased by $23,250 / 25% last September
New Salary for Shamiul Islam $116,250 up from $93,000
*Total is now $467,500 for Watkins, Allen & Islam, up from $374,000. An increase of $93,500 to the three heads.
Only QUESTION now is how & when we'll get conformation that DRNG has been released from The City of David 3MW PPA & the South Kivu 200MW PPA.
City of David Project Developers has confirmed a HYDRO PROJECT was in the City of David's best interest. Meaning it was cheaper than DNRG's Rubicon Fuel Cell Project. *THE HYDRO PROJECT is NOT A DNRG PROJECT.
As for South Kivu?? But DNRG can not pull off a 200MW project of this size.
Allen & Watkins have been doing this for 3 years and IT"S NOT WORKING. DNRG don't even MAKE THE PRODUCT, because they aren't a MANUFACTURE(DNRG doesnt build fuel cells or build the REFORMER that is the "RUBICON") and clearly not BUSINESS PEOPLE more like PREACHERS OF RUBICON and the preacher is no good without it's CONGREGATION and perhaps it's donations from there followers.
"Living by example through one's actions" Neal Allen
Perhaps Allen would agree. Quote is from Allen's Linkedin page
https://www.linkedin.com/in/nealallendominovas
*Allen & Watkins can be defined by ACTIONS not their words.
We can all agree that Dominovas Energy Corp has put out a lot words but NO ACTIONS have come to fruition.
Phases like "this gonna be a huge month" "DNRG is gonna be HUGE" "It gonna be a big year" "I'm buying more" are just words.
This Company doesn't deem it necessary to anwser their INVESTOR RELATIONS on the back of a quote from Allen " I say “your” company because I want you to understand I am fully and ever mindful that I serve at the behest of you, our valued shareholder"
Allen & Watkins should be judged by their ACTIONS & not there WORDS
A venture that doesn't DELIVER what it PROMISES is a SCAM
A venture that doesn't create value for others is a HOBBY
A venture that doesn't attract attention is a FLOP
A venture that doesn't sell the value it creates is a NON-PROFIT
A venture that doesn't bring in enough money to keep operating will CLOSE
Reality has a way of asserting itself.
Anyone in the MOOD for a 10Q...
"I am Neal Allen, your company’s Chairman and CEO. I say “your” company because I want you to understand I am fully and ever mindful that I serve at the behest of you, our valued shareholder."
But don't expect him to ever answer or acknowledge an email
http://dominovasenergy.com/company-information/
*I don't think ANY PPA will be met until clause 2.1.6 "Demonstrates Competency of DNRG's Rubicon". What off taker would subject themselves to a HUGE RISK/LIABILTY on a "start up" with ZERO HISTORY OF SUCCESS and no experience in the ENERGY SECTOR, let alone FUEL CELLS with this MYTICAL RUBICON REFORMER with names NO ONE IN THE INDUSTRY has heard of.
If the off takers do some due diligence on Neal Allen & Micheal Watkins, NO WAY WOULD A Gov't in DRC or any other part in the REGION take a risk of that MAGNITUDE on 2 guys coming from the "ONLINE GAMING" field, it's a poorly written JOKE.
Edison Power 8K
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000810/ex10-2.htm