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*PR TODAY: "According to recent updates??, the company is currently on pace to deliver the first system in 2017, with the ultimate goal of implementing a multi-Megawatt system in the region shortly thereafter".
NO DOLLAR TRAIN HERE!
*https://www.sec.gov/Archives/edgar/data/1343254/000116552714000452/g7511.htm
the sure SIGNAL this was a PREMEDITATED PLAN, read all of the S-1, down to the BOTTOM!!
*When you READ ALL THE FILINGS and LOOK into both ALLEN & WATKINS background you can figure out how this STORY is going to END.
READ THE S-1 from JULY 28, 2014
*9 weeks / 63 days left in the year. Iet's see how Watkins & Allen play this into 2017 for the showcase AKA NO SHOW unit.
BOOM! Do you like how ALLEN & WATKINS just SLIPPED in that the "SHOWCASE" isn't HAPPENING in 2016 but it will in "2017", right.
Remember Allen & Watkins have 700,000,000 million more shares to use up
Good attention to detail CHICO8 & IJ
*WE SAY IT, WE JUST DON'T MEAN IT! Is the game DNRG playsCAUSE folks are getting PLAYED.
*DNRG had the chance to PROVE themselves with the DEADLINE their COO set for the Company, but 90days has turned into 164 days and counting.
"update coming soon"
*Maybe, but I sure bet folks are curious as to WHO the NEW Hydro Co. is that took over the CITY of DAVID project and ALSO have TWO other projects that total 124MW in DRC.
You may be interested in meeting them, really soon, I know DNRG aren't.
Correct, and in retrospect, your post does demonstrate O/S are increasing at a rapid pace.
*In last 4 months DNRG outstanding shares increased 241% (May 2016 to Sept 2016)
*DNRG MAJOR CONTRADICTION: Last PR, "DEC seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and proprietary ORCAS™ hydro systems for deployment in multi-megawatt power generation units worldwide"
Then you have DNRG stating themselves a:
"LEADING POWER PROVIDER"
*Watkins From the PR: “Having set our sights initially on the 50kW Showcase for Johannesburg, we believe it is critical that the follow-up and immediate next steps be in place and determined early in the process to maintain the momentum we hope to create with the installation of the ‘Showcase.’ We simply do not see it as prudent to install and then seek to determine the ‘next’ client,” Watkins added. *I thought DNRG was "SEEKING" to be the EXCLUSIVE power provider for UJ. Wouldn't that be their "next" client? ALLEN & WATKINS are feeling the pressure behind the scenes
If awarded, this 20MW RUBICON™ system will be installed to provide electricity for the Ekurhuleni Metropolitan Municipality in Johannesburg, South Africa.
Also, WHY no 8K for on UJ PPA or any other for that matter?? And wouldn't the City of David BE DNRG's NEXT CLIENT ?
*Prime Example with Currentenergy "Division" PR. This New DIVISION was announced HALF A YEAR AGO, back in May, 2016.
DNRG has NOT announced or obtained 1 Hydro Power PPA in DRC, Latin America, ANYWHERE. And with the aide of MN Capital Advisors (likely no longer aiding DNRG)
Not 1 PR from the last 15 months (Except GHS CAPITAL) has come to fruition or been actualized.
*unfortunately DNRG are great at PR's with partnerships, MOU's, seeking to become the exclusive...,Angolan Power Producer License , Acquiring's, New Divisions, Showcase's, Up and coming new employees, Africa Advisor Team, Consultants, Debt Restructuring.
This is not VITRIOL or PROVOCATIONS and if you think otherwise, the case STILL remains, that NOTHING HAS MATERIALIZED or been ACTUALIZED, only words unfulfilled.
And wait until we see the 10K.
*SIBUSISO JOSHUA MKHONTO
Managing Director, Mponeng Holdings (PTY) LTD
Born 1983-03-05 *Joshua has just turned 34 years old and seems to be the only 1 employee of Mponeng Holdings. This company has NO website.
This agreement is likely to be only an "engagement letter" which is different than a FORMAL contract. An engagement letter is a quicker with much less legal parts to it than a contract. Also, an engagement letter is usually only signed by one party laying out their responsibilities.
I believe what we are going to see here are a few more PR's & perhaps 8-k's on PPA's in the next 2 1/2 months or the next 60 days. With yet no definitive news on the 50kW showcase.
Mponeng Holdings [PTY] LTD & SIBUSISO JOSHUA MKHONTO
This is the company/person the DNRG joint venture is with.
https://www.linkedin.com/in/joshua-sbu-mkhonto-80950877
http://whoswho.co.za/sibusiso-joshua-mkhonto-28944
Not a whole lot on Mponeng Holdings PTY LTD it's self
Seems this Mponeng Holdings PTY LTD has no website. Let's see what we find out...
You are CORRECT! This is anything but NORMAL. Also glad up brought up the PATT APP, So now lets put that Golden Mind to work. There is info staring you in the face, NOW can you identify it? No worries if you can't.
Waiting on 2 emails to confirm. But thought I give you a chance, right?
*11 weeks / 77 days left in 2016. The showcase at UJ still needs:
1) A Natual Gas Line/Permits/Inspections
2) Power Grid Connection
3) SOFC Fuel Cell Testing & Assembly
*With the gas line, they need opening a Work Request, Gas Service Ruling, Inspections & Gas Service Layout, Construction of Gas Service Installation, Final Inspection and Gas Meter Turn- On.
If ANY OF THIS CONSTRUCTION WAS TAKING PLACE CURRENTLY, UJ would have simply said YES. And they HAVEN'T. Ask UJ yourselves.
Heading into the HOLIDAY SEASON, EVERYTHING SLOWS DOWN. Not to mention the TWO WEEKS OF THE YEAR, UJ CAMPUS WILL BE ON HOLIDAY & NO COMPANY WILL BE DOING ANY KIND OF CONSTRUCTION. SO truly only 9 weeks / 63 days left to INSTALL THE SHOWCASE.
*"the 50kW RUBICON™ system is set for delivery and full implementation within 90 days and will serve as a demonstration unit for future Edison Power Group sponsored multi-megawatt, utility scale deployments in Africa. The 50kW RUBICON™ produce over 430,000 kilowatt hours of clean, fuel cell generated electricity each year. The 50kW RUBICON™ proof of concept “showcase” unit will be the first solid oxide fuel cell (SOFC) unit to serve baseload capacity anywhere on the African continent."
COO, Micheal Watkins statement. From May 3, 2016
***Going on 162 days since May 3, 2016 PR***
http://dominovasenergy.com/dominovas-energy-launches-the-first-rubicontm-sofc-project-in-south-africa/
Don't read too closely, you might be able to understand what's going on...
*DNRG didn't double A/S to NOT use them. Only question is WHY double A/S if they're losing PPA's??
Allen & Watkins might turn this Co. into a TOXIC WASTE DUMP.
They have 700,000,000 to 800,000,000 A/S left that they wanna get paid out for, one way or another.
*DNRG's quote: "as the securing of contracts is one thing…making sure the projects can be properly secured with the appropriate financial guarantees is ultimately the biggest key to the process"
*the guarantees DNRG & Greacrest wanted were too expensive, hence they LOST OUT on CITY of DAVID.
Folks at the City of David explained; "the fuel cells were not properly explained & too expensive for Africa"
Micheal Watkins making that "in 90 days" statement, he knew full well that was never possible or even the plan.
*The New Hydro Co. that is taking over the City of David PPA, they are EXLUSIVLEY working only in DRC. And recently joined the Power Africa Initiative. Wait for it, their name will appear on PATT for DRC very soon.
The Hydro Co. has two offices in DRC & one in New York. One of their offices is GUESS, located in the City of David.
GM, you have inadvertently just summed up DNRG, Neal Allen & Micky Watkins with that post.
*Emails for Power Africa (find out for yourselves, don't be scared)
powerafrica@usaid.gov (this is actually Andrew Herscowitz email Power Africa Coordinator)
juliewood@usaid.gov (Julie Wood handles The Democratic Republic of Congo)
Katrina.Pielli@hq.doe.gov
sjeffrey@usaid.gov
mburton@usaid.gov
pretoriainfo@usaid.gov (USAID/South Africa)
TWay@usaid.gov (Torina Way)
*The Hydro Company that won the contract is also HEAVILY involved in humanitarian efforts in DRC and they ACTUALLY have made HUGE progress (Meaning the Owner of the Hydro Compnay)
*DNRG DID NOT get the Hydro job. Power Africa didn't share who won the contract on Hydro. BUT! the city of david people DID!!
*City of David has chosen to go with Solar Energy that will be backed by Hydro Power.
This is the answer I received from Power Africa via email: "city of david is looking into other options"
I was able to contact the developer's at the city of david in DRC who confirmed they have ALREADY CHOSEN to go with solar backed by hydro.
When I asked about the fuel cell/Dominovas "the fuel cell was not properly explained & too expensive for Africa"
*"Getting in on the ground floor of a game-changing company like this could be the difference between you having a house in the suburbs or a mansion in the high rent district"
Hence DNRG's use of QUALITY STOCKS!!
http://blog.qualitystocks.net/dominovas-energy-corp-dnrg/dominovas-energy-dnrg-providing-efficient-green-energy-solutions-in-any-environment/
"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"
REMEBER, ALLEN & WATKINS increased A/S from 700,000,000 MILLION to 1,500,000,000 BILLION. THEY STILL HAVE NO VIABLE WORKING PRODUCT and 70 days over the COO's claim, installation in 90 days. WATCH AND SEE NO RUBICON MAY EVER APPEAR!
Back to ENJOYING FOOTBALL!!!!!
*EXTREMELY likely those 21,944,635 MILLION shares were SOLD on JUNE 24, 2015. The trading day on which DNRG hit $0.33 per share.
Perhaps the paid day Neal Allen, Micheal Watkins & Spero Plavoukos were looking for .
*REVERSE MERGERS IS HOW YOU ACCOMPLISH WHAT ALLEN & WATKINS ARE EXCUTING!
http://www.finra.org/investors/wake-and-smell-pump-and-dump
Check for reverse merger activity. Some pump-and-dump targets have come into existence through reverse mergers, which allow private companies, including those located outside the U.S., to access U.S. investors and markets by merging with an existing U.S. public shell company. The Securities and Exchange Commission (SEC) noted in an Investor Bulletin: "Many companies either fail or struggle to remain viable following a reverse merger. Also, as with other kinds of investments, there have been instances of fraud and other abuses involving reverse merger companies."
*It only gets better: DNRG went public as Comtrix Inc (CMRX) way back in 2005. After going public it would do a 25:1 forward split and name change to Lusora Healthcare Systems Inc (LHCS). LHCS would get some paid awareness in 2007 including from Quality Stocks (Michael McCarthy) and Red Chip (Joe Blankenship). In September of 2007 LHCS ended up doing another 1.5:1 forward split to go with a name/symbol change to Western Standard Energy Corp (WSEG) which was followed by more paid awareness by the Red Chip companies.
By 2010 the ticker had been played out and a 1:1000 reverse split was done bringing the outstanding share count down to 192,136 shares and resetting the ticker for future use. *BY DOMINVOAS & WATKISN & ALLEN, DNRG will RESET A/S with a R/S in FEB/MARCH 2017.
*Interesting Find on Dominovas S-1 filing from July 2014
"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"
http://promotionstocksecrets.com/dominovas-energy-corp-dnrg-stock-research-report/
https://www.sec.gov/Archives/edgar/data/1343254/000116552714000452/g7511.htm
*Power Africa/USAID email on DOMINOVAS:
" Power Africa conducts non-financial due diligence on all partners interested in joining Power Africa to assess the likelihood of a partner having business practices that could reflect poorly on the US Government. Of primary concern is working with companies that are: not banned by the Foreign Corrupt Practices Act; have sufficient technical expertise or experience to further the energy goals of Power Africa; reasonably financially sound based on 3rd-party reports (when available), and; labor, environmental and social compliance.
Please note that the inclusion of any activity or transaction in PATT does NOT constitute an official endorsement, recommendation, sponsorship or approval by Power Africa. If you would like more information on Dominovas, please visit their website: dominovasenergy.com/. Thank you for your interest in Power Africa"
*Michael Watkins (BIGSTAKES 5 is still in OPERATION)
Chief Operating Officer at Dominovas Energy Corporation
Current Dominovas Energy Corporation, BIGSTAKES5, LLC
President and Chief Operating Officer
BIGSTAKES5, LLC
December 2007 – Present (8 years 11 months)West Hollywood, CA
As an owner and inventor of the proprietary and patented game, BIGSTAKES5, I assist in the facilitation of the game development and marketing of the game. (www.bigstakes5.com)
https://www.linkedin.com/in/michael-watkins-a8a7a621?authType=name&authToken=wflL&trk=prof-sb-browse_map-name
"Game Changing Fuel Cell & BIGSTAKES5 poised to be the next game sensation"
Wonder How They're Funding BIGSTAKES 5??
http://bigstakes5.com/about-bigstakes5/
*Emilio DeJesus (states that he has only been working for DNRG for 4 MONTHS??)
Member of the Board of directors
Dominovas Energy Corporation
July 2016 – Present (4 months)
Manager Systems Development - Network Engineering
Verizon
November 2008 – July 2016 (7 years 9 months)
He has been receiving a salary which is confirmed by all the 10-Q's. DNRG seems to only get WEIRDER
https://www.linkedin.com/in/emilio-dejesus-66a2aa1?authType=name&authToken=0Qso&trk=prof-sb-browse_map-name
you are correct, your judgment is not necessarily based on fact or even knowledge.
At least we agree on that.
Best of Luck
160 days come Monday, Oct 10, from "in 90 days full implementation" PR on May 3, 2016 from the COO, Micheal Watkins THIS IS THE "chief operations officer"! Making $108,000 salary.
We are watching the DEATH of Dominovas Energy here (hanging by a thread).
*No LEGITIMATE financing
*No LEGITIMATE timeframes
*No LEGITIMATE progress
*No LEGITIMATE Pr's
*No LEGITIMATE communication
*No LEGITIMATE workforce
*No LEGITIMATE work history (CEO & COO)
*No LEGITIMATE BUSINESS
* 10-Q out (Oct 22 or Nov 20 ?)
DNRG has NO cash flow (they would have to increase O/S to pay "CASH"), so how can they make a repayment with CASH to GHS Capital? and WHY would GHS Capital / Investment (a specific toxic lender) ALLOW DNRG to do so if that this was not the original AGREEMENT.
Remember, last 10Q DNRG had $5,300 in cash.
**Also, the financing restructure PR stated, they (DNRG) "have plans to enter into talks with GHS" "for the POTENTIAL REPAYMENT"
For a Total of $112.5 / 75,000
An "Institution" is holding $100 bucks worth of DNRG. Unfortunately not information that displays confidence.
Charts are just another tool in taking a CALCULATED RISK.
IT'S NOT PRECISE look into the future and in this case of DNRG and it being a PENNYSTOCK, it's more about MOOD, MOMENTUM & PERCEPTION than charts.
Of what you know thus far, what is your opinion? Thought process, you must have a thought about it?
It's not a wrong or right question.