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And if not DNRG will present at the spring/summer convention.
"The Company expects to receive the USTDA’s decision on its submissions during the month of October" DNRG
http://dominovasenergy.com/dominovas-energy-petitions-for-project-grants-through-united-states-trade-and-development-agency/
Allen & Watkins do this to themselves time after time. They put specific timelines and don't follow through. These two have no real accountability but find it necessary to get significant salary raises to the tune of 25%.
DNRG Grants from USTDA? Likely, DNRG did NOT receive APPROVAL, if the DNRG projects, proposals underwent any special review to detetmine if DNRG the Company is financially SOUND. And of course, we can all at least agree DNRG is not financailly sound.
USTDA Grant approval is Unlikely to get approved, if they actually looked over the financials of DNRG. We are likely not to hear another word about the USTDA Grants again.
Would we all agree that a CC is do!? Of course not, but it's still prevalent...
If we see NO fuel cells deployed by late Januray/February with The City of David then you know DNRG held this info back for about 4-6 months while they blasted paper thin PR's knowing otherwise.
Correct train of thought here. Very plausible DNRG unloading 5 million shares on average daily. DNRG would be able to burn 5 million until March 2017, then they max out the 1.5 billion A/S.
*Don't know that the next 10-Q will give us an updated on O/S, since DNRG did so with the increased A/S filing. The Company on September 26, 2016, stated there were issued and outstanding 571,712,884 shares.
If the next 10-Q displays the same or about the same O/S figure, then subsequent 10-Q would not be until March 21, 2017, at which point, we may see a R/S before then, if we haven't seen a unit (any size kW or MW) deployed. We may also have confirmation concerning the loss of The City of David PPA Project.
With the A/S DNRG has left, which is in the range of 700,000,000 million until March 21, 2017 and the 1st real updated 10-Q on O/S. We may get an unwanted surprise come February, 2017. DNRG, with the A/S they have can unload about 4.6 million shares each day until March, 2017, or monthly about 138,000,000 million shares until the 1st 10-Q of 2017. At this current point DNRG is unloading 83,000,000 million shares monthly so, 138,000,000 million shares unloading monthly isn't an outrageous figure for a the Company like these.
10-Q likely 12/23, as it was last year. 10-k on 12/5
Could get "notification of inability to timely file Form 10-K" again this year.
10-Q on 12/23 will not be favorable or encouraging. *Don't be surprised if there's a curveball in the 10-K
Verdict with the USTDA GRANTS?
10-Q Coming! Also, some interesting email responses.
Famous last words GM.
*DNRG bleeding 83,000,000 million shares monthly since May.
January 2017 DNRG might be a 1,000,000,000 billion O/S
*DNRG May 31, 2014: 90,476,000 shares of common stock oustanding
DNRG May 31, 2015: 92,748,439 shares of common stock outstanding
DNRG May 31, 2016: 237,304,383 shares of common stock outstanding
DNRG Sept 29, 2016: 571,712,884 shares of common stock outstanding
May 31 to Sept 29 (4 months) increased O/S by 334,408,501 in just 4 months. For each month O/S went up 83,602,125.
*Kreneshen Moodley
Managing Director
Dominovas Energy Corporation
August 2015?? – September 2016 (1 year 2 months)United States
Charged with the specific mandate to oversee and direct the daily operations for the proliferation of the Company’s technologies on the continent of Africa
https://www.linkedin.com/in/kreneshen-moodley-29056379?authType=name&authToken=hY5I&trk=prof-sb-browse_map-name
He was hired in March 2016. DNRG even referenced Moodley in a PR a few weeks later as a NEW HIRE.
*DNRG May 31, 2014: 90,476,000 shares of common stock oustanding
DNRG May 31, 2015: 92,748,439 shares of common stock outstanding
DNRG May 31, 2016: 237,304,383 shares of common stock outstanding
DNRG Sept 29, 2016: 571,712,884 shares of common stock outstanding
May 31 to Sept 29 (4 months) increased O/S by 334,408,501 in just 4 months. For each month O/S went up 83,602,125
*In the next 4 months (Oct 2016 - Jan 2017) DNRG likely to increase O/S by 336,000,000 million
(when add 336,000,000 to 571,712,884 O/S filed NEW TOTAL **907,712,383*
You just may be right about this...
10-Q right around the corner...
DNRG will go silent for the rest of the YEAR.
Allen & Watkins will NOT update on the "grants" and no showcase/"system" until next year.
No revenue generated news.
*"My response from DNRG is real as well. That is right. Copy and paste right from my email. Just sharing information that I received." Gmania post. Remember this?
Currently we are preparing a 50kw showcase power plant in Johannesburg to
be unveiled in August-September, and since this is under construction I
can’t send you pictures of the plant at this stage of development.
I’m sorry for this is not the answer you were looking for, but for now it’s
the best we can do.
We are aware of the tendency of the stock price; sadly, as we are still a
small company, we cannot afford to hint our competitors saying our next
steps, reason why we are bound to publish only the information that will not
jeopardize the future of the company, even when that would put pressure on
the stock price.
Please be patient, we are confident that the showcase will dissipate any
doubt that may be on the technology and the company.
Best,
Alejandro Contreras
Manager, Finance and Investments
ir@dominovasenergy.com
o: 800.679.1249
www.dominovasenergy.com
1170 Peachtree Street NE, 12th Floor
Atlanta, GA 30309
This correspondence is bound by the Dominovas Energy confidentiality
agreement <http://www.dominovasenergy.com/email-disclaimer>; .
_____________________________________________
From: Eric M. Fresh [mailto:eric.fresh@dominovasenergy.com]
Sent: Thursday, July 14, 2016 4:38 PM
To: Alejandro.contreras@dominovasenergy.com
Subject: FW: Dominovas Energy General Inquiry
Message Body:
Hello,
Can you please post a picture of the RUBICON. The stock price is suffering
and the investors just need a bit of confidence.
Thanks in advance.
--
This e-mail was sent from a contact form on DominovasEnergy.com
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124418972
*Neal Allen is SUSPECT! Allen claims to have been a "SPORTS AGENT" who had negotiated OVER $250,000,000 in professional NFL/NBA/MLB/ contracts.
GOOGLE search Neal Allen sports agent NOTHING comes up, not one mention everywhere.
Try his full name "Neal Christopher Allen" still nothing.
"Neal Allen: Principal & Co-Inventor
Allen represented and negotiated contracts worth over $250,000,000 for professional NFL/NBA/MLB athletes as an agent for nearly 20 years. Presently, he is the Chairman and CEO of the Dominovas Companies. Allen serves as legal liaison between our patent, regulatory, and gaming attorneys as required"
http://bigstakes5.com/bs5-team/
"NEWS" won't come until the 10-k. DNRG will need "news" to combat the grim quarterly report.
DNRG's new debt likely to be $18,000,000, why DNRG has debt like this, who knows....
And how and when DNRG will address the loss of The City of David PPA is another issue. I believe the UJ Rubicon will end up not happening. Reason being that UJ was part of the deal package. City of David 18 months is up in DECEMBER then DNRG & GRAECREST could not secure the financial guarantees for the project.
"As part of its commitment to the Power Africa Initiative, Dominovas Energy intends to:
Support and advance the Power Africa goal of providing access to clean, reliable energy, and efficient energy via its commitment to expanding capacity through projects like the City of David project in the Democratic Republic of Congo, a project that requires an initial deployment of three-megawatts (3MW) of power over the next 18 months.
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 RUBICON™ system.
Mobilize close to US $1 billion dollars of investment capital for energy projects over the next five years, resulting in increased access to electricity for more than 100 million users throughout sub-Saharan Africa."
https://www.usaid.gov/powerafrica/privatesector#dom
* OLD news. Islam's lecture took place 1 YEAR AGO, BACK IN NOV, 2015.
http://dominovasenergy.com/dr-islam-lectures-on-the-rubicon-design-the-industrys-first-scalable-single-megawatt-sofc-system/
*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 DELIVER what it PROMISES is a SCAM
A venture that doesn't bring in enough money to keep operating will CLOSE
No one actually wants what DNRG has to offer. If they did DNRG would be financed by toxic lenders exclusively.
*Mark Grober (_Toxic Lender_GHS Capital & Investments_*two man operation)
1)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117645840
2)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117611304
3)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117642526
4)https://www.linkedin.com/company/ghs-capital-management-llc
5)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117284315
6)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117394948
7)https://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171484054
Above is Mark Grober’s Former BOSS
8)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120195673
9)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117284315
* OLD news. Islam's lecture took place 1 YEAR AGO, BACK IN NOV, 2015.
http://dominovasenergy.com/dr-islam-lectures-on-the-rubicon-design-the-industrys-first-scalable-single-megawatt-sofc-system/
*John M. Fife (_Toxic Lender_Typenex Co-Investment LLC_Red Cliffs Investments,INC_JFV Holdings,INC
1)https://www.sec.gov/litigation/litreleases/2007/lr20250.htm
2)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98874688 3)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107330245
4)http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114455415
5)https://www.sec.gov/litigation/admin/2007/ia-2636.pdf
6)http://www.stockbrokerfraudblog.com/2007/02/securities_and_exchange_commis_1.html
7)http://www.sidley.com/~/media/Files/Publications/2008/02/SEC%20Enforcement%20and%20Examinations%20Concerning%20Hedg__/Files/View%20Article/FileAttachment/SECEECHF
8)http://fundintelligence.global/compliancereporter/news/sec-settles-mutual-fund-timing-case/
“In SEC v. Clarion Management, LLC, the SEC charged a hedge fund adviser, Clarion Management, and its principal, John Fife, with engaging in market timing by purchasing variable “
Experience moves slow. You will only be able to understand this DNRG experience BACKWARDS.Good judgement comes from EXPERIENCE.
*SOON, DNRG from May 31 to Sept 29 (4 months) increased O/S by 334,408,501 in just 4 months. For each month O/S went up 83,602,125
DNRG May 31, 2015: 92,748,439 shares of common stock outstanding
DNRG May 31, 2016: 237,304,383 shares of common stock outstanding
DNRG Sept 29, 2016: 571,712,884 shares of common stock outstanding
*In the next 4 months (Oct 2016 - Jan 2017) DNRG likely to increase O/S by 336,000,000 million
(when add 336,000,000 to 571,712,884 O/S filed NEW TOTAL **907,712,383*
With no still REVENUE PRODUCING PRODUCT. Where is the money associated with all these hundreds of millions of shares. The fact that COULDN'T deliver on what was promised and hid the SYSTEM/SHOWCASE in 2017 in a PR, 2-3 paragraphs indicates exactly who we are dealing with. Nothing reliable about Allen & Watkins.
*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 thereafte[/color]r.
Notice DNRG states "REGION" and The City of David, do the fact DNRG lost the PPA for DAVID.
http://blog.qualitystocks.net/dominovas-energy-corp-dnrg/dominovas-energy-corporation-dnrg-highlights-plans-to-capitalize-on-momentum-of-upcoming-rubicon-showcase-unit/
*DNRG officially getting ready to formally plan, execute & submit a Request for Proposal with pre-documents, seeking to identify a market opportunity in emerging area's. Dominovas Energy continues it path in being the "World Leading Energy Provider" with plans on track to soon become the "Galaxy Leading Energy Provider".
We ALL know what's coming, even you...
*Dominovas has had 2yrs 9mo of PR's on PPA's from 2014-2016. Guinea,Caribbean,Asia,DRC,South Africa, West Africa, Angola, Dominican Republic,
"Dominovas Energy currently has active projects in the Caribbean, South America, Asia – Pacific and Africa. In each case, Dominovas Energy is working with a local partner, as well as the host nation government. Initial project sizes range from 1.5 to 10 Megawatts (MW), with eventual project size of 200 to 395 MW per project. Project cost projections range from $7.5 million to $50 million. Dominovas Energy plans to provide power to the local utilities under power purchase agreements (PPA’s), and it intends to require bonding or other credit support where the local utilities do not enjoy strong credit ratings."
*"Under the agreement, the Company also has to incur $125,000 in leasehold
improvements by September 30, 2014. If the expenses are not incurred by
September 30, 2014, the total lease will be in default. As at the date of these
financial statements, the Company has not yet incurred the required expenditures
and the lease is in default. As a result, the entire lease obligation of
$838,707 has been accrued for in these financial statements"
No one who has CEO/COO experience would agree to a deal like this. Allen & Watkins have created advantageous deals and circumstances for themselves personally and the results of all these BAD deals the Company is dead cause it was never the purpose to succeed.
There is no address for DNRG's 20,000 "warehouse & plant facility". I doubt there was ever a warehouse.
"On April 28, 2014, the Company entered into a lease agreement for office,
warehouse and production space in Atlanta, GA for a term of five years. Under
the agreement, the Company is committed to rent payments of a minimum of $
13,374 per month commencing November 1, 2014."
Under the agreement, the Company is committed to the following monthly rent
payments:
Dates Monthly Amount
----- --------------
Though October 2015 $13,374
November 1, 2015 to October 31, 2016 $13,776
November 1, 2016 to October 31, 2017 $14,189
November 1, 2017 to October 31, 2018 $14,615
November 1, 2018 to October 31, 2019 $15,053
Under the agreement, the Company also has to incur $125,000 in leasehold
improvements by September 30, 2014. If the expenses are not incurred by
September 30, 2014, the total lease will be in default. As at the date of these
financial statements, the Company has not yet incurred the required expenditures
and the lease is in default. As a result, the entire lease obligation of
$838,707 has been accrued for in these financial statements.
DNRG's 20,000 sqft Warehouse & Assembly....
*On August 17, 2015 the Company issued 18,100,000 shares of its common stock to the Chief Executive Officer of the Company for management services. The fair value of the shares is $1,629,000.
On August 17, 2015 the Company issued 4,500,000 shares of its common stock to a Director of the Company for management services. The fair value of the shares is $405,000.
On August 17, 2015 the Company issued 8,500,000 shares of its common stock to the Chief Operating Officer of the Company for management services. The fair value of the shares is $765,000.
*Dominovas plans to lease an office andplant facility of approximately20,000 square feet in which final assembly can be carried out during 2014[, in the Atlanta, Georgia metropolitan area. An additional manufacturing facility is projected in a free trade zone on the Caribbean island where one of its initial projects is located. *From Feb,2014
the projects and "final assembly" never came to fruition. There is a STRONG running theme here and it's that NOTHING EVER IS ACTUALIZED.
*Initial deployments of the RUBICON will be in Guinea West Africa, where the company has secured a commitment by government officials to deploy a minimum of 20MW. In fact, the need is so great in Guinea that Dominovas Energy has had to initially limit the client base within the Country to meet the current demand. The initial clients in Conakry include the Military the Port of Guinea at Conakry, and the CBG Mines, a JV between the government and CBG (Alcoa Aluminum in the United States). FROM FEB,2014
MORE projects that never materialized *DNRG had a demand so great they had to limit the client base. I LOVE that line.
*Neal Allen's salary increased by $44,250 / 25% last September, 2015
New Salary for Neal Allen $221,250
*Michael Watkins salary also increased by $26,000 / 25% last September
New Salary for Micheal Watkins $130,000
*Dr. Shamiul Islam's salary increased by $23,250 / %25 last September
New Salary for Shamiul Islam $116,250
*Total is now $467,500 for Watkins, Allen & Islam, up from $374,000. An increase of $93,500 to the three heads.
There was and is NOTHING that has occurred to WARRENT salary increases.
*KARMA might be DNRG's pimp, real SOON...
ALLEN & WATKINS could be WALLOWING in TALL GLASS of sobriety with cherry flavored atonement...
IT won't work out note for note.
*The Rubicon can't make MONEY! cause it's in the WRONG HANDS.
Allen & Watkins are not "businessmen" these 2 are the ANTITHESIS of what it means to do "GOOD BUSINESS"
And wait for the NEW HYDRO Co. that are actively taking over city of david PPA, PATT APP. will be updated sooner than later.
*You have to consider the list of TREACHEROUS names involved with DNRG:
GHS Capital / Investments (Mark Grober/Toxic Lending Specialist)
John M. Fife (Typenex Co Investment & Red Cliffs Investments & JFV Holdings, INC) *Fined by the SEC for penny stock scams
Pyrenees Investments. LLC (AKA Matthew Schissler, toxic lending)
Chase Chandler of Brunson, Chandler & Joens, PLLC (involved in many penny stock scam models)
Kodiak Capital (Just google them, nothing GOOD comes up)
Monaco Capital (uses a Belize address)
"This S-1 filing from July 28, 2014 is what locked me into the ticker and sparked this research report".
"The S-1 was to register 21,944,635 shares previously owned by around 104 different investors for resale in a private transaction. According to the S-1 filing the shares will be offered at a privately negotiated rate. Basically the door is left open for one individual or organization to acquire all 21,944,635 shares at pretty much any price. It is very possible that one individual or organization could end up with all of those shares for very cheap then split up those shares in foreign accounts to avoid having to report their share ownership. That individual or organization could be a stock promoter or somebody that often hires a stock promoter to facilitate the dumping of their shares into the market"
https://www.sec.gov/Archives/edgar/data/1343254/000116552714000452/g7511.htm
*DNRG now refers to the "SHOWCASE" as the "SYSTEM". The "SYSTEM" aka showcase will come in 2017. I'm positive in the 2nd quarter.
Let me ask you, how large is a BLACK HOLE? no pun intended, well maybe a little.
***Dominovas Energy is headquartered in Atlanta, GA. It has leased an office and plant facility of approximately 20,000 square feet in which final assembly can be carried out. An additional manufacturing facility is projected in a free trade zone on the Caribbean island where one of its initial projects is located.
Dominovas Energy uses outsourced modules, which has the advantage of reducing the amount of time required to produce a commercial unit, as well as reducing research and development costs. Module suppliers are planned to include Topsoe (fuel cell module), Precision Combustion, Inc. (reformer module) and Digital Creation Labs Incorporated (power conditioning module). Additional suppliers may include Hexis AG (fuel cell plates) and Applied Research Associates (reformer).
The technological contribution by Dominovas Energy to its projects includes its proprietary algorithms, which the company believes improves the operating conditions and efficiencies of using multiple fuel cells in concert, as well as a communications package that allows for remote control of the units.
Given the vast need for electricity in emerging markets around the globe, Dominovas Energy has been very meticulous in its selection process for specific target markets. Initial deployments of the RUBICON will be in Angola West Africa and Guinea West Africa, where the company has secured preliminary agreement and commitments by government officials to deploy a minimum of 20MW. In fact, the need is so great in Guinea that Dominovas Energy has had to initially limit the client base within the Country to meet the current demand. The initial clients in Conakry include the Military the Port of Guinea at Conakry, and the CBG Mines, a JV between the government and CBG (Alcoa Aluminum in the United States).
Dominovas Energy also has projects earmarked in Angola with an initial 10MW slated to be contracted in 2014 that can ultimately climb to 1500MW. Dominovas Energy has been actively engaged within the Dominican Republic market in both private and government sectors and opportunities are presenting reflecting between 30MW – 500MW of potential business.
*"Interesting" AKA PREDICTABLE, CERTAIN, FORESEEABLE, LIKEY, ANTICIPATED!!
Shareholders are the PIGGY BANK DNRG keeps dipping into.
Remember what Watkins said "WE ARE WHO WE SAY WE ARE" & "THEY are in the business of doing good business"